The new report titled ‘Global Adaptive Cruise Control Market ’, published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Adaptive Cruise Control Market outlook over the forecast duration (2019- 2030 ). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the 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. For instance, President Moon Jae-in of South Korea has announced a plan to commercialize fully autonomous vehicles by 2027 and to become the world's first country to have completely self-driving cars on South Korea roads.
Covid impact analysis:
The report considers COVID-19 as a key contributor of the dynamically altered market scenario. The report covers a comprehensive impact analysis of the global health crisis on the overall growth of the market. Furthermore, the report covers the current and future impact of the COVID-19 crisis on the market and its key segments.
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/adaptive-cruise-control-market
Competitive Outlook:
The global Adaptive Cruise Control Market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Adaptive Cruise Control Market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Some of the key participants in this industry include: DENSO Corporation, Robert Bosch GmbH, Continental AG, Velodyne Lidar, Inc., Delphi Automotive LLP, Magna International Inc, Autoliv Inc., Valeo SA, ZF Friedrichshafen AG, and Mando Corporation, among others.
Emergen Research has segmented the global Adaptive Cruise Control Market on the basis of vehicle, type, technology, and region:
Vehicle Outlook (Revenue, USD Billion; 2017-2027)
- Commercial Vehicle
- Passenger Car
Type Outlook (Revenue, USD Billion; 2017-2027)
- Assisting Systems
- Multi-Sensor Systems
- Predictive Systems
Technology Outlook (Revenue, USD Billion; 2017-2027)
- LiDAR
- Image
- Ultrasonic
- Radar
Region wise performance of the Adaptive Cruise Control Market industry
North America Adaptive Cruise Control Market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2030 . In addition, North America Adaptive Cruise Control Market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2030 .
Asia Pacific registered fastest revenue CAGR in 2020, and the Adaptive Cruise Control Market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2030 .
Europe Adaptive Cruise Control Market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2030 . Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Adaptive Cruise Control Market growth.
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Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Adaptive Cruise Control Market in the near future?
- What is the regulatory framework governing the application of Adaptive Cruise Control Market in the food industry?
- Which manufacturing processes are utilized for the production of Adaptive Cruise Control Market ?
Table of Contents:
- Chapter 1 includes an introduction of the global Adaptive Cruise Control Market , along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
- Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
- Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
- In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
- Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.
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