News Highlights: Global Adaptive Cruise Control Market 2020-2027: Technology, Vehicle Type, Propulsion and Region – ResearchAndMarkets.com
DUBLIN– (BUSINESS WIRE) –The “Adaptive Cruise Control Market size, share, analysis, by Technology, By vehicle type, by propulsion, by region Forecasts up to 2027 “ report has been added to ResearchAndMarkets.com’s offering.
The Global Adaptive Cruise Control (ACC) market was valued at $ 15.99 billion in 2019 and is expected to reach $ 68.97 billion by the year 2027, at a CAGR of 21.32%.
The rising death rate from road accidents, legislation regulating automotive markets and the need for fuel-efficient transportation solutions are key factors contributing to the growth of the Adaptive Cruise Control market during the forecast period.
ACC refers to a technology that assists the driver in driving the vehicle on the highway. The system controls the accelerator, brake and engine and helps maintain the time difference to the vehicle in front. The vehicle controller can collect information from on-board sensors, which are of many types, such as laser, radar, LiDAR or other multiple sensors. It is known by a variety of names, including dynamic control.
The increasing number of car accidents worldwide is one of the driving forces behind the growth of the market. Another key factor driving market expansion over the forecast period is the growing number of initiatives being taken by governments around the world to improve the fuel efficiency of cars and the safety features of vehicles.
ACC refers to an intelligent form of cruise control that allows cars to automatically accelerate and decelerate to keep up with the pace of traffic ahead. ACC is also referred to as intelligent cruise control, active cruise control, autonomous cruise control and radar cruise control. It is increasingly becoming a common feature in new cars produced worldwide.
Market growth is driven by the rising number of road accidents around the world and booming car markets in developing countries such as India and China. These countries are experiencing a spike in car sales, with passenger cars sold in large quantities. This sustained demand in the automotive industry has further propelled the growth of the ACC market. Governments around the world are trying to impose severe restrictions on the auto industry.
Road safety issues are expected to be solved jointly with the involvement of car manufacturers, government agencies and vehicle drivers. Car manufacturers apply technological interventions, such as ACC, to ensure road safety standards. The prescribed road safety limit is 50 km / h, which is adhered to in many cities and can be determined with ACC.
The impact of COVID-19
The domino effect of the coronavirus was felt beyond China’s borders, as stock shortages from China brought global vehicle production to a halt. At least 1.4 million cars were shut down in more than 27 member states of the European Union and the United Kingdom, according to the European Automobile Manufacturers Association.
The auto industry is critical to Europe’s revenues, and the effect of plant closures translates directly into the decline of the region’s auto industry. The worst affected countries in the European region are Italy, Spain, Germany, France and the United Kingdom, which have registered more than 576,000 cases. Car brands in the region are more affected by the situation as production has ceased as well as demand.
Chapter 1. Market overview
Chapter 2. Summary
Chapter 3. Indicative statistics
3.1. The rising number of road accidents
3.2. Need for fuel efficiency
3.3. Road safety regulations
3.4. Inefficiency due to weather conditions
Chapter 4. Adaptive Cruise Control Segmentation and Impact Analysis
4.1. Adaptive Cruise Control Segmentation Analysis
4.2. Adaptive Cruise Control Market Value Chain Analysis, 2017-2027
4.3. Regulatory framework
4.4. COVID-19 impact analysis
4.5. Adaptive Cruise Control Market Impact Analysis
4.5.1. Market drivers analysis
22.214.171.124. Rising number of accidents
126.96.36.199. Government regulations for road safety and fuel efficiency
4.5.2. Analysis of market restrictions
188.8.131.52. Inefficiencies due to weather conditions
4.6. The most important opportunities are prioritized
4.7. Adaptive Cruise Control Price Analysis
4.8. Industry Analysis – Porter’s
4.9. Adaptive cruise control PESTEL analysis
Chapter 5. Adaptive Cruise Control Market By Technology Insights and trends
5.1. Adaptive Cruise Control Ingredient dynamics & Market Share, 2020 & 2027
5.2. Laser sensor
5.3. Image sensor
5.4. Radar sensor
5.5. Ultrasonic sensor
5.6. LiDAR sensor
Chapter 6. Adaptive Cruise Control Market by Type Insights and Trends
6.1. Adaptive cruise control Product dynamics and market share, 2020 and 2027
6.2. Supported Systems
6.3. Systems with multiple sensors
6.4. Cooperative systems
Chapter 7. Adaptive cruise control market by vehicle type Insights and trends
7.1. Adaptive Cruise Control Application dynamics and market share, 2020 and 2027
7.2. Passenger car
7.3. Light commercial vehicle
7.3.4. Utility vehicle
7.3.6. Light truck
7.4. Heavy duty vehicle
Chapter 8. Adaptive cruise control market through propulsion insights and trends
8.1. Adaptive Cruise Control Propulsion dynamics & Market Share, 2020 & 2027
8.2.1. Market Estimates and Forecast, 2017-2027 (USD Million)
8.2.2. Market Estimates and Forecasts, by Region, 2017-2027 (Million USD)
8.2.3. Electric vehicle battery
8.2.4. Fuel cell electric vehicle
8.2.5. Hybrid electric car
8.2.6. Connect a hybrid electric vehicle
Chapter 9. Adaptive Cruise Control Market Regional Outlook
Chapter 10. Competitive landscape
10.1. Market revenue share by manufacturers
10.2. Mergers and Acquisitions
10.3. Strategy benchmarking
10.4. Supplier landscape
Chapter 11. Company Profiles
Autoliv Inc. (Sweden)
Magna Valeo SA (France)
Delphi Automotive (Ireland) Co.tinental AG (Germany)
Denso Corporation (Japan)
ZF Friedrichshafen (Germany)
Hyundai Mobis Co. (South Korea)
Mando Corporation (South Korea)
For more information on this report, visit https://www.researchandmarkets.com/r/n8rqd0
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