The global Adaptive Cruise Control Market is forecasted to be worth USD 62.36 Billion by 2027, according to a current analysis by Emergen Research. The adaptive cruise control market is forecasted to grow substantially throughout the forecast period due to the increasing demand for advanced technology to avoid rear-end collisions and rising preference for automated vehicles to eases the other activities while driving. Besides, the increasing government initiatives for implementing low emission and energy-efficient vehicles is expected to boost market growth shortly. For instance, President Moon Jae-in of South Korea has announced a plan to commercialize fully autonomous vehicles by 2027 and to become the world’s first country to have completely self-driving cars on South Korea roads.

The report provides detailed insights into Adaptive Cruise Control market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Adaptive Cruise Control market size over the forecast period, 2020–2028. The report includes profiles of major Adaptive Cruise Control players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials. Also included are details regarding top Adaptive Cruise Control market players, manufacturers, and vendors and the various strategies being deployed in the market and objectives for these strategies.

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Global Adaptive Cruise Control market revenue growth is primarily driven by rising focus by major companies on product portfolio expansion, entry into new and untapped domestic and international markets, rising investments my top Adaptive Cruise Control market players, manufacturers, and vendors in strategic agreements and contracts, and rapidly increasing competition in the Adaptive Cruise Control market.

In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Adaptive Cruise Control market share contribution of these countries. In addition, Adaptive Cruise Control market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.

Key Highlights From The Report

  • In July 2019, Velodyne Lidar, Inc. acquired Mapper.ai. This acquisition will enhance the capabilities of Velodyne for adaptive cruise control and advanced driver assistance systems.
  • The passenger car segment is forecasted to hold the largest market throughout the forecast period, with a CAGR of 21.2% owing to the growing demand for fuel-efficient cars.
  • Due to the rising concern for road safety among professional drivers and logistics organizations, the commercial vehicle segment is anticipated to grow substantially over the forecast period.
  • The assisting system segment is expected to dominate the market over the forecast period, with a CAGR of 21.1%. Owing to the features like proximity alerts, lane control, and brake assistance.

Top key vendors in Adaptive Cruise Control Market include are:

  • Key participants include DENSO Corporation, Robert Bosch GmbH, Continental AG, Velodyne Lidar, Inc., Delphi Automotive LLP, Magna International Inc, Autoliv Inc., Valeo SA, ZF Friedrichshafen AG, and Mando Corporation, among others.

Emergen Research has segmented the global Adaptive Cruise Control Market on the basis of vehicle, type, technology, and region:

  • Vehicle Outlook (Revenue, USD Billion; 2017-2027)
    • Commercial Vehicle
    • Passenger Car
  • Type Outlook (Revenue, USD Billion; 2017-2027)
    • Assisting Systems
    • Multi-Sensor Systems
    • Predictive Systems
  • Technology Outlook (Revenue, USD Billion; 2017-2027)
    • LiDAR
    • Image
    • Ultrasonic
    • Radar

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In terms of Adaptive Cruise Control market share and revenue contribution to the global Adaptive Cruise Control market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Adaptive Cruise Control market share.

The market intelligence report on the Adaptive Cruise Control Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.

Region wise performance of the Adaptive Cruise Control industry

North America Adaptive Cruise Control market revenue growth was relatively higher than that of other regional markets in 2020. North America Adaptive Cruise Control market revenue is expected to continue to remain dominant over the forecast period, supported by robust presence of top market players, manufacturers, and vendors, and favorable government policies and norms in countries in the region.  

Asia Pacific Adaptive Cruise Control market revenue registered fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Adaptive Cruise Control market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. China is a robust hub for top Adaptive Cruise Control market players, manufacturers, and vendors, as well as easy access to raw materials and workforce at more economical costs that that of other regional markets.

Europe Adaptive Cruise Control market revenue is expected to continue to remain steady over the forecast period, attributed to changing trends in various market and robust focus on research and development initiatives by top market players, manufacturers, and vendors to expand global footprint and drive revenues and profits.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting [email protected] https://www.emergenresearch.com/request-for-customization/188  

The research provides answers to the following key questions:

  • What will be the growth rate and the market size of the Adaptive Cruise Control industry for the forecast period 2020-2027?
  • What are the major driving forces expected to impact the development of the Adaptive Cruise Control market across different regions?
  • Who are the major driving forces expected to decide the fate of the Adaptive Cruise Control industry worldwide?
  • Who are the prominent market players making a mark in the Adaptive Cruise Control market with their winning strategies?
  • Which Adaptive Cruise Control industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
  • What are the key barriers and threats believed to hinder the development of the industry?
  • What are the future opportunities in the Adaptive Cruise Control market?

Table of Content

Chapter 1. Methodology & Sources

    1.1. Adaptive Cruise Control Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Adaptive Cruise Control Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2021-2028

Chapter 3. Key Insights

Chapter 4. Adaptive Cruise Control Market Segmentation & Impact Analysis

    4.1. Adaptive Cruise Control Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Adaptive Cruise Control Market indicators analysis

          4.2.2. Adaptive Cruise Control Market drivers analysis

                    4.2.2.1. Rapid urbanization and industrialization

                    4.2.2.2. Stringent government regulations regarding carbon emissions

                    4.2.2.3. Increasing prevalence of respiratory diseases

                    4.2.2.4. Rising need to enhance indoor air quality

          4.2.3. Adaptive Cruise Control Market restraints analysis

                    4.2.3.1. High cost associated with the maintenance of Adaptive Cruise Control products

                    4.2.3.2. Availability of renewable sources of energy

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 10. Competitive Landscape

    10.1. Adaptive Cruise Control Market Revenue Share By Manufacturers

    10.2. Mergers & Acquisitions

    10.3. Competitor’s Positioning

    10.4. Strategy Benchmarking

    10.5. Vendor Landscape

          10.5.1. Raw Material Suppliers

                    10.5.1.1. North America

                    10.5.1.2. Europe

                    10.5.1.3. Asia Pacific

                    10.5.1.4. Middle East & Africa

                    10.5.1.5. Latin America

          10.5.2. Distributors

                    10.5.2.1. North America

                    10.5.2.2. Europe

                    10.5.2.3. Asia Pacific

                    10.5.2.4. Middle East & Africa

                    10.5.2.5. Latin America

          10.5.3. Others

Continued….

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