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Published Date: November, 2018

Automotive Adaptive Cruise Control Market (Technology - Radar, Lidar, Laser, and Ultrasonic; Mode of Operation - Normal Adaptive Cruise Control, and Connected Adaptive Cruise Control; Vehicle Type - Passenger Vehicle, and Commercial Vehicle; Distribution Channel - Original Equipment Manufacturers, and Aftermarket): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024


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A recent report published by Infinium Global Research on automotive adaptive cruise control market provides an in-depth analysis of segments and sub-segments in the global as well as regional automotive adaptive cruise control market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive adaptive cruise control market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global automotive adaptive cruise control market. According to the report, the global automotive adaptive cruise control market is projected to grow at a CAGR of 14% over the forecast period of 2018-2024.

 

Market Insight

Growing need for passenger safety drives the huge growth in the automotive adaptive cruise control market. With rising consumer demand for safety solutions, the demand for the automotive adaptive cruise control system is increasing. Moreover, increasing the sales of passenger cars has accelerated the growth of the adaptive cruise control market. The increasing numbers of accidents have led to the adoption of adaptive cruise control system, Furthermore, the increasing disposable incomes and greater sales of premium and luxury cars is a major factor driving the growth of the global adaptive cruise control system market. However, the high cost of the system is hampering the growth of automotive adaptive cruise control market. Moreover, advanced technologies in autonomous vehicles are expected to provide beneficial opportunities for the automotive adaptive cruise control market.

 

Segment Covered

The report on global automotive adaptive cruise control market covers segments such as technology, mode of operation, vehicle type, and distribution channel. On the basis of technology, the global automotive adaptive cruise control market is categorized into radar, lidar, laser, and ultrasonic. On the basis of mode of operation, the global automotive adaptive cruise control market is categorized into normal adaptive cruise control and connected adaptive cruise control. On the basis of vehicle type, the global automotive adaptive cruise control market is categorized into passenger vehicle, and commercial vehicle. On the basis of distribution channel, the global automotive adaptive cruise control market is categorized into original equipment manufacturers and aftermarket.

 

Geographic Coverage

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. 


Automotive Adaptive Cruise Control Market


The countries covered in the North America region include the U.S., Canada, and Mexico; while the Asia-Pacific region includes countries such as China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are the major markets included in the European region. The U.S. drives the growth in the North America region, as it is the largest market in the region. In the Asia-pacific region, rapid industrial growth in India and China offer a substantial potential for the growth in the automotive adaptive cruise control market. As a result, the APAC region is projected to experience a growth at a CAGR of x.x% over the forecast period 2018-2024.

 

Companies Profiled:

The report provides profiles of the companies in the global automotive adaptive cruise control market such as Continental AG, Delphi Automotive, Denso Corp., Autoliv, Magna International, WABCO Vehicle Control Services, Robert Bosch GmbH, Bendix Commercial Vehicle Systems LLC, Mobileye, and Mando-Hella Electronics Corp.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global automotive adaptive cruise control market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automotive adaptive cruise control market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the automotive adaptive cruise control market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the automotive adaptive cruise control market to understand the present and future trends in this market and formulate their strategies accordingly.

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