Automotive Adaptive Cruise Control System Market to offer profitable growth during 2016-21
February 21, 2020
Automotive Adaptive Cruise Control System Market Overview:
The adaptive cruise control system market in the automotive industry is expected to offer an excellent growth over the next five years. An increasing number of collision on the road, rising disposable income, awareness among people regarding safety, and advancement in research & technology are some of the major growth drivers of the global automotive adaptive cruise control system market. Additionally, increasing demand for premium and luxury cars is also propelling the growth of adaptive cruise control system in the automotive industry. Some companies have also started to deploy this system in mid-range cars to fulfill customer’s safety preferences.
The Diverse Stand Points:
The true picture of the market shall not emerge till the time the market is analysed from various point of views. Each vantage point gives better understanding of the market. The market of Automotive Adaptive Cruise Control System has been viewed from various perspectives such as:
- By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Medium & Heavy-Duty Commercial vehicle (M&HCV))
- By Technology Type (Infrared sensors, Laser sensors, Radar sensors, Ultrasonic sensors, Image sensors)
- By End-User Type (OEM, Aftermarket)
- By Region (North America, Europe, Asia-Pacific, and RoW)
Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
- Which are the best performing segments of the market?
- Which is the most dominant region?
- Who are the movers and shakers of the market?
- What are the regional growth hotspots?
- What are the segmental growth forecasts?
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Automotive Adaptive Cruise Control System Market Segment Insights:
Passenger Car: The growth engine
The automotive adaptive cruise control system is segmented based on vehicle type: passenger vehicle, light commercial vehicle, and medium & heavy duty commercial vehicle. Passenger vehicle is expected to remain the most dominant vehicle type during the forecast period. This vehicle segment is also likely to grow at the fastest rate during the same period, driven by an increase in demand of autonomous driving with high passenger safety in premium and luxury cars.
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Dominance of: LIDAR Sensor
The global automotive adaptive cruise control system is categorized based on sensor type: infrared, laser or LIDAR, radar, ultrasonic and image sensors. LIDAR sensors based adaptive cruise control system is expected to remain the most dominant technology type in the global automotive industry over the next five years. The segment is also likely to witness the fastest growth during the same period.
A highly/moderately/fragment consolidated Market
Key manufacturers of the adaptive cruise control system in the automotive industry are Denso Corporation, Magna International Inc., Mando Corporation, Valeo SA, ZF TRW Automotive, Autoliv Inc., Hyundai Mobis Co. Ltd., Robert Bosch GmbH, Delphi Automotive PLC, Continental AG, Delco Electronics, Hitachi Ltd., Nissan motor Company, Siemens VDO and Bendix. New product development, advancement in technology, and collaboration with OEMs are some of the key strategies adopted by the major players to gain a competitive edge in the market.
Regional Hegemony of Europe & North America
Based on region, the global automotive adaptive cruise control system market is divided into North America, Europe, Asia-Pacific and Rest of the World. Europe and North America are the biggest markets and are also the home continent of most of the adaptive cruise control system suppliers. Shift towards better lifestyle and preference for high-end cars are driving the demand for advanced cruise control system in developing economies.
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Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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