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    Automotive Adaptive Cruise Control System Market Report

    Automotive Adaptive Cruise Control System Market Report
    Report code - SRTI116 Delivery - 2 Weeks
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    Automotive Adaptive Cruise Control System Market Size, Share, Trend, Forecast, & Compe See more...

    Impact of COVID-19 on Automotive Adaptive Cruise Control System Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Automotive Adaptive Cruise Control System Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Adaptive cruise control is an advanced system that automatically adjusts the speed of a car to maintain a safer distance from the preceding vehicles. The system can increase or decrease the car’s speed in order to maintain a safer distance. Many cars are now also equipped with Stop and Go function that can slow and stop in traffic jams and then accelerate to go again.

    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.

    Segments' Analysis

    Automotive-Adaptive-Cruise-Control-System-Market-Dominant-Segments

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    Automotive Adaptive Cruise Control System Market by Vehicle Type

    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.

    Automotive Adaptive Cruise Control System Market by End-Use Type

    In terms of the end-use type, OEMs are expected to remain the largest consumer of the adaptive cruise control system in the global automotive industry over the next five years. The segment roughly consumed more than 90% of the market in 2015 in terms of value. Both the end-use segments (OEM and aftermarket) are likely to experience impressive growth over the next five years.

    Regional Insights

    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.

    Automotive-Adaptive-Cruise-Control-System-Market-By-Region

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    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2014-2025

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, Russia, Italy, UK, China, Japan, India, South Korea, Brazil, Argentina and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Automotive Adaptive Cruise Control System Market Size, Share & Forecast by Vehicle Type:

    • Passenger Car
    • Light Commercial Vehicle (LCV)
    • Medium & Heavy Duty Commercial vehicle (M&HCV)

     Automotive Adaptive Cruise Control System Market Size, Share & Forecast by Technology Type:

    • Infrared sensors
    • Laser sensors
    • Radar sensors
    • Ultrasonic sensors
    • Image sensors

     Automotive Adaptive Cruise Control System Market Size, Share & Forecast by End-Use Type:

    • OEM
    • Aftermarket

     Automotive Adaptive Cruise Control System Market Size, Share & Forecast by Region:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World