Adaptive Cruise Control Market Revenue, Region, Country, and Segment Analysis & Sizing For 2020–2027

 

According to the current analysis of Reports and Data, The global Adaptive Cruise Control (ACC) Market was valued at USD 15.99 Billion in 2019 and is expected to reach USD 68.97 Billion by the year 2027, at a CAGR of 21.32%. ACC refers to a technology that enables the provision of assistance to the driver to control the vehicle in the motorway. The system is able to successfully take control over the accelerator, brake and engine and aids in the maintenance of time-gap with the car ahead. The vehicle control is able to collect information from the on-board sensors which are of many types such as laser, radar, LiDAR, or other multiple sensors. It is known by various names including dynamic control. The Increasing number of automotive accidents globally is one of the drivers for the growth of the ACC market. Another key factor for the increase in the size of the market through the forecasted period is the rising number of initiatives being undertaken by governments globally in order to improve the fuel efficiency of the cars as well as improve the safety attributes of the vehicles. ACC refers to an intelligent form of cruise monitoring that allows the cars to speed up and slow down automatically in order to keep up with the pace of the traffic ahead. ACC is also called as autonomous, active, intelligent and radar control. Regardless of what it is called, it`s becoming an increasingly common feature in new cars globally. ACC works with a sensor that is mounted within the front part of the car that constantly keeps on scanning the road ahead for other cars. The major advantages of ACC come into play during long journeys on wide-open roads like motorways, as well as on busier roads with a lot of traffic.

The Adaptive Cruise Control market research report is broadly bifurcated in terms of product type, application spectrum, end-user landscape, and competitive backdrop, which would help readers gain more impactful insights into the different aspects of the market. Under the competitive outlook, the report’s authors have analyzed the financial standing of the leading companies operating across this industry. The gross profits, revenue shares, sales volume, manufacturing costs, and the individual growth rates of these companies have also been ascertained in this section. Our team has accurately predicted the future market scope of the new entrants and established competitors using several analytical tools, such as Porter’s Five Forces Analysis, SWOT analysis, and investment assessment.

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Geographical Scenario:

The global Adaptive Cruise Control market report comprehensively studies the present growth prospects and challenges for the key regions of the Adaptive Cruise Control market. The report continues to evaluate the revenue shares of these regions over the forecast timeline. It further scrutinizes the year-on-year growth rate of these regions over the projected years. The leading regions encompassed in this report:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Leading Players Profiled in the Report Include: ACC market include in the market Autoliv, Inc. (Sweden), Magna International (Canada), Valeo S.A. (France), Delphi Automotive (Ireland), Continental AG (Germany), Denso Corporation (Japan), ZF Friedrichshafen (Germany), Hyundai Mobis Co. (South Korea), Mando Corporation (South Korea), and WABCO (France)

Technology (Revenue, USD Million; 2017–2027)

• Image
• Radar
• LiDAR
• Ultrasonic

Type (Revenue, USD Million; 2017–2027)

• Assisted Systems
• Mutli-sensored Systems
• Cooperative Systems

Vehicle Type (Revenue, USD Million; 2017–2027)

• Passenger
• Mid-sized Car
• Sedan
• Mini Van
• Convertible
• Crossover
• Hatchback
• Others
• Light Commercial Vehicle
• Compact
• Utility Vehicle
• Supermini
• Light Truck
• Others
• Heavy Commercial Vehicle
• Mobile Truck
• Limo
• Recreational Vehicle
• Towing Truck
• Fire Trucks
• Others

Propulsion (Revenue, USD Million; 2017–2027)

• Electric
• Battery Electric Vehicle
• Fuel Cell Electric Vehicle
• Hybrid Electric vehicle
• Plug-in Hybrid Electric Vehicle
• Petrol
• Diesel

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Key Coverage of the Report:

• Detailed scrutiny of the latest market trends, including drivers, opportunities, threats, constraints, challenges, and future investment prospects
• Market segmentation by deployment type, authentication type, component, organization size, industry vertical

• Regional and country-wise market size estimation for the forecast period (2019-2027)

• Pricing strategies of the regional market players
• Demand & supply gap analysis
• Competitive landscape analysis
• Market share analysis of the top market players
• Strategic recommendations for new market entrants
• Company profiling of the leading market players
• Brief summary of the key strategies, financial positions, and recent developments of the leading companies

The report considers the following timeline for market estimation:

• Historical Years: 2017-2018
• Base Year: 2019
• Estimated Year: 2027
• Forecast Years: 2020-2027

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