Global Adaptive Cruise Control Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Adaptive Cruise Control Market By Technology, Vehicle Type & End-use: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the adaptive cruise control market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
The growth of the global adaptive cruise control system market is highly depending on the rising number of accidents due to increase in traffic. With upgrading technology, people likely to adopt ACC system for safety purpose and willing to pay more for installation which could be the major growth factor for adaptive cruise control market. Moreover, increasing disposable incomes and greater sales of premium and luxury vehicles could be one of the growth factor to drive the market. Government initiatives to improve fuel efficiencies and safety attributes of vehicles are motivating the manufacturers to apply such integrated systems to ensure safety as well as to comply with the government regulations.
However, the regions with higher intensity of fog, traffic, rain and snowfalls are pushing away buyers to adopt the ACC system which could hinder the adaptive cruise control market growth. Furthermore, many manufacturers implementing high end safety sensors in producing vehicle which make buyers confused to choose exact product from number of options.
This report presents a detailed evaluation of adaptive cruise control, which incorporates current industry situations such as market size, growth and demands, market outlook, major players with their key strategies which include investment, mergers and acquisitions, value chain analysis and porter’s evaluation. It covers the marketplace canvas and the boom opportunities in the coming years. The report has been made with an in-depth analysis along with vital inputs from the various industry professionals. The research is accomplished with both extensive primary and secondary data resources supported with either bottom up or top down approach.
Continuous investment in research and development of automotive sector and rising demands of premium and luxury cars is expected to drive the North American market which is followed by Europe. The Asia Pacific region includes the emerging markets like Thailand, India and China.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global adaptive cruise control market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include- Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, DENSO CORPORATION, Delphi Automotive LLP, Preco Electronics, Autoliv Inc., Valeo, Magna International, WABCO, Hitachi Ltd., and Mando Corp.
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