Uploaded on Aug 2, 2023
With technological advancements, the overall driving experience has improved significantly, making it safer and driver-friendly. Similarly, the adaptive cruise control (ACC) system is one of the technological advancements which has eased the driving experience.
Adaptive Cruise Control (ACC) System Market PPT
Adaptive Cruise Control (ACC)
System Market by Technology
(Infrared Sensor, Laser Sensor,
Image Sensor, Radar Sensor,
Ultrasonic Sensor, LiDAR Sensor), by
Sales channel (OEM, Aftermarket)
and by Vehicle type (Passenger
vehicle, Commercial vehicle, Electric
vehicle): Global Opportunity
Analysis and Industry Forecast,
2023-2032
Adaptive Cruise Control (ACC) System Market by
Technology
With technological advancements, the overall driving experience has improved
significantly, making it safer and driver-friendly. Similarly, the adaptive cruise control
(ACC) system is one of the technological advancements which has eased the driving
experience. In conventional cruise control technology, the driver used to set maximum
speed and the cruise control used to maintain that speed irrespective of vehicles ahead.
Due to this, the driver had to be alert of the vehicles in the vicinity and apply brakes
manually. Whereas in adaptive cruise control system market, the driver sets the maximum
speed and the car accelerates and decelerates automatically based on vehicles around.
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Adaptive Cruise Control (ACC) System Market by
Technology
Heavy investment in R&D has paved the way for the adaptive cruise control (ACC) system
market growth. Additionally, rise in adoption of ACC by automakers is surging the market
growth. Moreover, ACC keeps the driver relaxed due to its ability to drive at a constant
speed without keeping a foot on the pedal. Besides, maintaining the car at a consistent
speed significantly improves fuel economy. However, failure of sensors in adaptive cruise
control system could restrain the market growth. Furthermore, growing need for safety and
advanced driver assistance system demand from consumers could proliferate the market
growth.
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Adaptive Cruise Control (ACC) System Market by
Technology
Recent trend in the automotive sector has been autonomous and semi-autonomous
cars. With rise in production of autonomous and semi-autonomous car, the use of
adaptive cruise control system will escalate. ACC system has a major role to play in
autonomous and semi-autonomous cars as it has features like hand-free driving.
Recently, Tesla launched its Tesla model 3 with features like Traffic-Aware Cruise
Control (TACC). Likewise, the GM is developing next-generation “Ultra cruise” semi-
autonomous driving system.
Adaptive Cruise Control (ACC) System Market
by Technology
Key Benefits
•This study presents the analytical depiction of the adaptive cruise control (ACC) system
industry along with the current trends and future estimations to determine the imminent
investment pockets.
•The report presents information related to key drivers, restraints, and opportunities along
with detailed analysis of the market share.
•The current market is quantitatively analyzed to highlight the market growth scenario.
•Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
•The report provides a detailed adaptive cruise control (ACC) system market analysis
based on competitive intensity and how the competition will take shape in coming years.
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Adaptive Cruise Control (ACC) System Market by
Technology
Adaptive Cruise Control (ACC) System Market by TechnologyKey Segments:
By Region
•North America
• U.S.
• Canada
•Europe
• UK
• Germany
• France
• Rest of Europe
• Latin America
• Brazil
• Mexico
• Rest of LATAM
•Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
• Middle East
• Africa
Adaptive Cruise Control (ACC) System Market by
Technology
Segment Overview
Industrialization has paved its way for rise in number of vehicles & income of people. The
living standards of people have bettered in developed economies. This has led to increase
in sales and production of luxury cars. ACC being fitted in majority of luxury cars, the
demand for its market has also grown simultaneously. Many manufacturers have adopted
ACC system in their cars considering consumer demand. Looking at the importance of
ACC, economy car manufacturers would also want to equip this system in near future.
Adaptive Cruise Control (ACC) System Market by
Technology
Key players profiled in the report
include
• Denso Corporation
• WABCO
• Continental AG
• Mando Corporation
• Magna International
• Autoliv, Inc.
• Valeo S.A.
• ZF Friedrichshafen
• Delpi Automotive
• Hyundai Mobis Co.
Adaptive Cruise Control (ACC) System Market by
Technology
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