Automotive Adaptive Cruise Control Market is a professional and a meticulous report which focuses on primary and secondary drivers, market share, leading segments and geographical analysis. It endows with an analytical measurement of the main challenges faced by the business currently and in the upcoming years.
Furthermore, the recent developments, product launches, joint ventures, mergers and acquisitions employed by the several key players are explained well by systemic company profiles covered in this wide ranging market report. Being a detailed market research report, Automotive Adaptive Cruise Control Market report gives business a competitive advantage. All this data and information is very significant to the businesses when it comes to define the strategies about the production, marketing, sales, promotion and distribution of the products and services. Automotive Adaptive Cruise Control Market report gives key measurements, status of the manufacturers and is a significant source of direction for the businesses and organizations.
Global automotive adaptive cruise control market is expected to rise with a healthy CAGR of 14.45% in the forecast period of 2019-2026. Increasing road accidents and increasing demand for luxury cars is driving the growth of this market.
Market Definition: Global Automotive Adaptive Cruise Control Market
Automotive adaptive cruise control or autonomous cruise control is a technology which controls and maintains the speed of the vehicles. They usually use electronic brake system and powertrain so that they can adjust the speed. These system uses technologies like RADAR, laser, LIDAR and ultrasonic. Assisting systems, multi- sensors systems and predictive systems are three of the common type of the automotive adaptive cruise control system.
- Rising demand of automotive adaptive cruise control in vehicles is driving the growth of this market
- Increasing awareness about passenger safety among population is driving the market
- Rising disposable income will enhance the market growth
- Increasing prevalence for luxury and premium cars among population is also driving the market growth
- Inefficiency of automotive adaptive cruise control in fog, rainfalls and snowfalls is restraining the market growth
- High sensitivity of the sensor is another factor restraining the growth of this market.
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Segmentation: Global Automotive Adaptive Cruise Control Market
- Image Sensors
By Vehicle Type
- Passenger Car
- Light Duty Vehicle (LCV)
- Medium & Heavy Duty Vehicle (M&HCV)
By End- Use
By Mode of Operation
- Normal Adaptive Cruise Control System
- Connected Adaptive Cruise control System
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Key Developments in the Market:
- In June 2019, Harman International announced the launch of their Dual-Mode V2X system so that they can increase the automotive safety. These new systems have the ability to transfer data between the connected devices and their surroundings. They have features like better blind spot warnings, better traffic sign recognition, and adaptive cruise control. The main aim is to meet the automakers demand for better connected safety features.
- In February 2018, Esri announced that they have acquired Mobileye so that they can provide safety to the road user. This will give the Esri access to Mobileye’s Shield+ product which will provide road safety data and will allow users to get alerts about imminent hazards seconds before a potential collision creating awareness of the roads they travel.
Competitive Analysis: Global Automotive Adaptive Cruise Control Market
Global automotive adaptive cruise control market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive adaptive cruise control market for global, Europe, North America, Asia-Pacific and South America.
Major Market Competitors/Players: Global Automotive Adaptive Cruise Control Market
Few of the major competitors currently working in the global automotive adaptive cruise control market are Continental AG, Delphi Technologies, DENSO CORPORATION, Autoliv Inc, Magna International Inc., WABCO, Robert Bosch GmbH, ZF Friedrichshafen AG, Knorr-Bremse AG, Mobileye., Mando-Hella Electronics Corp., Valeo, HYUNDAI MOBIS, Delphi Technologies, Hitachi, Ltd., PRECO Electronics.
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The Automotive Adaptive Cruise Control market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Automotive Adaptive Cruise Control market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Automotive Adaptive Cruise Control market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive Adaptive Cruise Control market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Automotive Adaptive Cruise Control market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Automotive Adaptive Cruise Control capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Automotive Adaptive Cruise Control by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Automotive Adaptive Cruise Control market. These figures have been provided in terms of both revenue and volume for the period 2020 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Automotive Adaptive Cruise Control market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Automotive Adaptive Cruise Control market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
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The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Automotive Adaptive Cruise Control industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Automotive Adaptive Cruise Control market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive Adaptive Cruise Control market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Automotive Adaptive Cruise Control market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Automotive Adaptive Cruise Control market. These factors have benefited the growth of the global market for Automotive Adaptive Cruise Control. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
In this study, the years considered to estimate the market size of Automotive Adaptive Cruise Control are as follows:
- Historic Year: 2017-2020
- Base Year: 2019
- Forecast Year 2020 to 2027
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
(**NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.)
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Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
- Market outline
PART 05: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 06: MARKET SIZING
- Market definition
- Market sizing 2021
- Market size and forecast
PART 07: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 08: MARKET SEGMENTATION BY PRODUCT
- Global Automotive Adaptive Cruise Control market by product
- Comparison by product
- Market opportunity by product
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
- Global Automotive Adaptive Cruise Control market by distribution channel
- Comparison by distribution channel
- Global Automotive Adaptive Cruise Control market by offline distribution channel
- Global Automotive Adaptive Cruise Control market by online distribution channel
- Market opportunity by distribution channel
PART 10: CUSTOMER LANDSCAPE
PART 11: MARKET SEGMENTATION BY END-USER
- Global Automotive Adaptive Cruise Control market by end-user
- Comparison by end-user
PART 12: REGIONAL LANDSCAPE
- Global licensed Automotive Adaptive Cruise Control market by geography
- Regional comparison
- Licensed Automotive Adaptive Cruise Control market in Americas
- Licensed Automotive Adaptive Cruise Control market in EMEA
- Licensed Automotive Adaptive Cruise Control market in APAC
- Market opportunity
PART 13: DECISION FRAMEWORK
PART 14: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 15: MARKET TRENDS
PART 16: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 17: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
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