Adaptive Cruise Control Market Revenue, Forecast, Overview and Key Companies Analysis by 2028


Market Size – USD 14.86 billion in 2019, Market Growth - CAGR of 20.8%, Market Trends – The rise in the adoption of the autonomous vehicle.

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 players in the Adaptive Cruise Control market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.

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Global Adaptive Cruise Control market revenue growth is primarily driven by a variety of factors and trends, some of which include rising focus by major companies on product/service expansion into new and untapped domestic and international markets, rising investments in strategic agreements and mergers, and rapidly growing competition in the Adaptive Cruise Control market.

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.

Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Adaptive Cruise Control market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Adaptive Cruise Control market revenue growth to a significant extent over the forecast period.

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.

Top key vendors in Adaptive Cruise Control Market include are:

  • Robert Bosch GmbH,
  • Continental AG,
  • Velodyne Lidar, Inc.,
  • Delphi Automotive LLP,
  • Magna International Inc

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

  • LiDAR
  • Image
  • Ultrasonic
  • Radar

On the basis of product, this report displays the production, revenue, price, and market share and growth rate of each type, primarily split into

  • Assisting Systems
  • Multi-Sensor Systems
  • Predictive Systems

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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Adaptive Cruise Control Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 - 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.

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 market revenue is expected to continue to remain dominant over the forecast period, supported majorly by robust presence of major players in countries in the region and expansion of overall economic Adaptive Cruise Control growth strategies and initiatives. 

Asia Pacific Adaptive Cruise Control market revenue registered the 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. Increasing population, favorable government policies and initiatives, and availability of more advanced technologies, services, and offerings in these countries are some key factors driving Adaptive Cruise Control market revenue growth in Asia Pacific.

Europe Adaptive Cruise Control market revenue is expected to continue to remain steady over the forecast period. This can be attributed to changing Adaptive Cruise Control market trends in countries in other major regions and robust focus on research and development initiatives by major firms in the region with the objective to leverage opportunities and drive Adaptive Cruise Control revenue growth.

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

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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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