The latest report on Automotive Adaptive Cruise Control Market by Infinium Global Research gives complete coverage of the automotive adaptive cruise control market by technology (RADAR, LIDAR, laser, ultrasonic), mode of operation (normal, connected adaptive cruise control), vehicle type (passenger, commercial vehicle), distribution channel (original equipment manufacturers) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of automotive adaptive cruise control such as North America, Europe, Asia-Pacific, and Latin America over the short run and long run.
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The Adaptive Cruise Control System is Fuel-Efficient and Trending Technology.
Adaptive Cruise Control (ACC) is an automotive device that allows a vehicle’s cruise control system to adapt the vehicle’s speed to the traffic environment. A radar system attached to the front of the vehicle is used to detect whether slower-moving vehicles are in the ACC vehicle’s path.
If a slower moving vehicle is detected, the ACC system will slow the vehicle down and control the clearance, or time gap, between the ACC vehicle and the forward vehicle. If the system detects that the forward vehicle is no longer in the ACC vehicle’s path, the ACC system will accelerate the vehicle back to its set cruise control speed. The adaptive cruise control system is fuel-efficient and trending technology.
The growing need for passenger safety drives the huge growth in the automotive adaptive cruise control market. With rising consumer demand for safety solutions, the demand for the automotive adaptive cruise control system is increasing. Moreover, increasing the sales of passenger cars has accelerated the growth of the adaptive cruise control market.
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Greater Sales of Premium and Luxury Cars is A Major Factor Driving the Growth of The Global Adaptive Cruise Control System Industry
The increasing numbers of accidents have led to the adoption of the adaptive cruise control system, Furthermore, the increasing disposable incomes and greater sales of premium and luxury cars is a major factor driving the growth of the global adaptive cruise control system market. However, the high cost of the system is hampering the growth of the automotive adaptive cruise control market. Moreover, advanced technologies in autonomous vehicles are expected to provide beneficial opportunities for the automotive adaptive cruise control market.
Geographically, the North America region is expected to dominate the adaptive cruise control market during the forecast period owing to the increase in vehicle production and stringent government regulations for safety. The Europe region is expected to be the second largest region. In addition, the Asia Pacific region and the Middle East and Africa region are anticipated to dominate the market in the forecast period.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the automotive adaptive cruise control.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.