New York, United States , June 12, 2024 (GLOBE NEWSWIRE) -- The Global Automotive Adaptive Cruise Control Market Size is to Grow from USD 15.63 Billion in 2023 to USD 72.39 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 16.57% during projected period.
Get a Sample PDF Brochure: https://www.sphericalinsights.com/request-sample/4494
The adaptive cruise control system is a unique driver assistance feature that helps you keep a safe distance from other vehicles. The automotive adaptive cruise control system automatically adjusts the vehicle's speed to maintain a safe distance from the vehicles ahead. The vehicle's speed is automatically adjusted, either slowing or increasing it. The automotive adaptive cruise control technology is also referred to as intelligent technology. Furthermore, increasing customer demand for improved collision avoidance systems is one of the primary factors driving the market's growth. During the forecast period, the number of traffic accidents is expected to rise, increasing demand for automotive adaptive cruise control systems. Advances in adaptive cruise control have also driven up market demand. The industry is expected to grow as disposable income rises and consumer preferences shift toward vehicles equipped with these technologies. However, implementing infrastructure for automotive adaptive cruise control, such as dedicated lanes or roadside devices, will require significant investment and collaboration from government agencies, technology providers, and automobile manufacturers. These factors are limiting the global automotive adaptive cruise control market.
Browse key industry insights spread across 250 pages with 115 Market data tables and figures & charts from the report on the "Global Automotive Adaptive Cruise Control Market Size, Share, and COVID-19 Impact Analysis, By Technology (Light Detection and Ranging (LiDAR) Sensors, Ultrasonic Sensors, Image Sensors, Laser Sensors, RADAR Sensors, and Others), By Vehicle Type (Commercial Vehicles, Passenger Cars, and Others), By End Use (OEMs, and Aftermarket), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
Buy Now Full Report: https://www.sphericalinsights.com/checkout/4494
The light detection and ranging (LIDAR) sensors segment is anticipated to hold the greatest share of the global automotive adaptive cruise control market during the projected timeframe.
Based on the technology, the global automotive adaptive cruise control market is divided into light detection and ranging (LIDAR) sensors, ultrasonic sensors, image sensors, laser sensors, radar sensors, and others. Among these, the light detection and ranging (LIDAR) sensors segment is anticipated to hold the greatest share of the global automotive adaptive cruise control market during the projected timeframe. The automotive industry's growing interest in highly safe and efficient self-driving vehicles fuels demand for LiDAR technology. LiDAR is a technology that uses lasers to detect the distance between a vehicle and an obstacle and sends signals to the adaptive cruise control system, which controls the vehicle's speed.
The commercial vehicles segment is anticipated to grow at the fastest pace in the global automotive adaptive cruise control market during the projected timeframe.
Based on the vehicle type, the global automotive adaptive cruise control market is divided into commercial vehicles, passenger cars, and others. Among these, the commercial vehicles segment is anticipated to grow at the fastest pace in the global Automotive Adaptive Cruise Control market during the projected timeframe. The growing e-commerce and logistics industries have boosted demand for commercial vehicles outfitted with automotive adaptive cruise control systems. Commercial vehicle drivers can become exhausted after driving for extended periods of time.
The OEMs segment is predicted to grow at the highest pace in the Automotive Adaptive Cruise Control market during the estimated period.
Based on the end use, the global automotive adaptive cruise control market is divided into OEMs, and aftermarket. Among these, the OEMs segment is predicted to grow at the highest pace in the automotive adaptive cruise control market during the estimated period. This is because automotive adaptive cruise control systems are either standard or optional features on many OEM vehicles, and they are typically covered under warranty.
Inquire Before Buying This Research Report: https://www.sphericalinsights.com/inquiry-before-buying/4494
Asia Pacific is expected to hold the largest share of the global automotive adaptive cruise control market over the forecast period.
Asia Pacific is expected to hold the largest share of the global automotive adaptive cruise control market over the forecast period. The availability of low-cost raw materials and the mass production of automotive adaptive cruise control technology are propelling market growth. The region has made significant advances in automotive technology, including sensors, radar, and artificial intelligence. Automobile manufacturers and technology companies are collaborating to improve adaptive cruise control systems. For example, in 2020, BlackBerry Ltd. partnered with StradVision, a leading provider of AI-based camera recognition technology. StrandVision will use the QNX software development platform in several advanced driver assistance systems (ADAS) and autonomous vehicles (AV) created by various Korean automakers as part of this collaboration.
Europe is predicted to grow at the fastest pace in the global automotive adaptive cruise control market during the projected timeframe. This is due to the increased popularity of major automakers such as Audi, BMW, and others. Furthermore, the German automotive adaptive cruise control market held the largest market share, while the UK automotive adaptive cruise control market was the fastest-growing in Europe.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Automotive Adaptive Cruise Control Market include Continental AG, Robert Bosch GmbH, Mando Corporation, ZF Friedrichafen AG, Nxp Semiconductors, Valeo, Denso, Velodyne Lidar, Inc., Luminar Technologies, Inc, Autoliv, Inc., Magna International, and Others.
Get Discount At @ https://www.sphericalinsights.com/request-discount/4494
Recent Developments
- In August 2023, ZF developed an innovative technology known as ZF Eco Control 4 ACC, which is a predictive adaptive cruise control system. This advanced system increases vehicles' driving range by 8%. This ACC add-on uses Embotech's Model Predictive Control (MPC) optimization technique.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Automotive Adaptive Cruise Control Market based on the below-mentioned segments:
Global Automotive Adaptive Cruise Control Market, By Technology
- Light Detection and Ranging (LiDAR) Sensors
- Ultrasonic Sensors
- Image Sensors
- Laser Sensors
- RADAR Sensors
- Others
Global Automotive Adaptive Cruise Control Market, By Vehicle Type
- Commercial Vehicles
- Passenger Cars
- Others
Global Automotive Adaptive Cruise Control Market, By End Use
- OEMs
- Aftermarket
Global Automotive Adaptive Cruise Control Market, Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
Browse Related Reports
Global Automotive V2X Market Size, Share, and COVID-19 Impact Analysis, By Connectivity Type (DSRC, Cellular, and Others), By Communication Type (Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
Global Customized Car Market Size, Share, and COVID-19 Impact Analysis, By Type (Overall Modification, Local Modification), By Category (Performance, Cosmetic), By Vehicle (Sports Cars, Sedans, Sports Utility Vehicle (SUVs), Trucks, Motorcycles), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
Global Automotive Turbocharger Market Size, Share, and COVID-19 Impact Analysis, By Technology Type (Variable Geometry Turbocharger, Twin Turbochargers, Wastegate Turbocharger, and Electric Turbocharger), By Fuel Type (Gasoline, Diesel, and Others), By Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
Global Diesel Exhaust Fluid Market Size, Share, and COVID-19 Impact Analysis, By Technology (Selective Catalytic Reduction (SCR), Lean NOx Trap (LNT), Exhaust Gas Recirculation (EGR)), By Supply (Cans, IBCs, Bulk & Pumps), By Vehicle (Passenger, Commercial, Light Commercial Vehicles, Heavy Commercial Vehicles), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Follow Us: LinkedIn | Facebook | Twitter
