Automotive Adaptive Cruise Control Market

Automotive Adaptive Cruise Control Market – Key Players are Robert Bosch GmbH,
Continental AG, ZF Friedrichshafen AG, DENSO CORPORATION
According to a new market report published by Transparency Market Research “Automotive
Adaptive Cruise Control Market: (By Technology: RADAR, LIDAR; By Mode of Operation:
Normal Adaptive Cruise Control and Connected Adaptive Cruise Control; By Vehicle:
Passenger Vehicle, Commercial Vehicle; By Region: North America, Europe, Latin America,
Asia Pacific, and Middle East and Africa) – Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2017 – 2025”, the global automotive adaptive cruise control market was
valued at US$ 6.60 Bn in 2016 and is expected to propagate at a CAGR of 14.27% during the
forecast period from 2017 to 2025 to reach US$ 22.1 Bn in 2025.
Browse the full report at https://www.transparencymarketresearch.com/
Automotive adaptive cruise control market across the globe primarily features RADAR sensors
owing to its better efficiency even in adverse weather conditions. Owing to the advantages and
the higher range of detection, the RADAR sensor is expected to be more preferable option than
LIDAR sensors. The growing adoption of automotive adaptive cruise control systems in the
vehicles is witnessed chiefly due to increased incidences of road accidents and growing
concerns towards road safety awareness. This is also likely to be amplified by government
stringent policies towards the road safety. Globally, rise in younger population is also being
considered as one of the major factor that is likely to boost the demand for automotive
adaptive cruise control as aged population is more susceptible to retinal breaks and require
effective care. Although aged population across the globe shall be more benefitted with such
assistive technology with the aid to drive efficiently.
In terms of technology, the adaptive cruise control system market is segmented based on
RADAR and LIDAR sensors. RADAR sensors are dominant market share holder of the adaptive
cruise control system market, which accounts for about 83.12% share of the total revenue in
2016.
In terms of mode of operation, the adaptive cruise control system market is segregated as,
normal adaptive cruise control system and connected adaptive cruise control system. Normal
adaptive cruise control system segment holds largest share of 97.51% of the total adaptive
cruise control system market. The connected adaptive cruise control system segment is likely to
boost in the market with the increased demand for the autonomous vehicles.
The automotive adaptive cruise control industry is highly fragmented with the presence of
small and medium sized manufacturers. 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. are major players
operating in the market of adaptive cruise control system.

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