Automotive Adaptive Cruise Control System Market 2017 Global Analysis, Opportunities And Forecast To 2021
The report provides essential information including market data, segmentation, market size, key trends, M&A, product developments, industry forecasts, corporate intelligence, and other relevant information.
Pune, India – February 2, 2017 /MarketersMedia/ —
Automotive Adaptive Cruise Control System Industry
Description
Wiseguyreports.Com Adds “Automotive Adaptive Cruise Control System -Market Demand, Growth, Opportunities and analysis of Top Key Player Forecast to 2021” To Its Research Database
“This report, from Stratview Research, studies the adaptive cruise control system market in the global automotive industry over the period 2016 to 2021. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities in the market.
The Global Automotive Adaptive Cruise Control System Market: Highlights
Adaptive cruise control is an advanced system that automatically adjusts the speed of a car to maintain a safer distance from the preceding vehicles. The system can increase or decrease the car’s speed in order to maintain a safer distance. Many cars are now also equipped with Stop and Go function that can slow and stop in traffic jams and then accelerate to go again.
The adaptive cruise control system market in the automotive industry is expected to offer an excellent growth over the next five years. An increasing number of collision on the road, rising disposable income, awareness among people regarding safety, and advancement in research & technology are some of the major growth drivers of the global automotive adaptive cruise control system market. Additionally, increasing demand for premium and luxury cars is also propelling the growth of adaptive cruise control system in the automotive industry. Some companies have also started to deploy this system in mid-range cars to fulfill customer’s safety preferences.
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The automotive adaptive cruise control system is segmented based on vehicle type: passenger vehicle, light commercial vehicle, and medium & heavy duty commercial vehicle. Passenger vehicle is expected to remain the most dominant vehicle type during the forecast period. This vehicle segment is also likely to grow at the fastest rate during the same period, driven by an increase in demand of autonomous driving with high passenger safety in premium and luxury cars.
The global automotive adaptive cruise control system is categorized based on sensor type: infrared, laser or LIDAR, radar, ultrasonic and image sensors. LIDAR sensors based adaptive cruise control systems is expected to remain the most dominant technology type in the global automotive industry over the next five years. The segment is also likely to witness the fastest growth for the same period.
OEM is expected to remain the largest consumer of the adaptive cruise control system in the global automotive industry over the next five years. The segment roughly consumed more than 90% of the global market in 2015 on a value basis. Both segments (OEM and aftermarket) are likely to experience impressive growth over the next five years.
Based on region, the global automotive adaptive cruise control system market is divided into North America, Europe, Asia-Pacific and Rest of the World. Europe and North America are the biggest markets and are also the home continent of most of the adaptive cruise control system suppliers. Escalating towards better lifestyles and preference for high-end cars are driving the demand of advanced cruise control system in developing economies.
Adaptive cruise control system can be seen in a wide array of cars. Audi, BMW, Chevrolet, Dodge, Ford, Honda, Hyundai, Land Rover, Lexus, Mercedes-Benz, Nissan, Porsche, Subaru, Toyota, and Volvo are some of the well-known brands that offer adaptive cruise control system as standard or optional equipment in some of their cars. Most of the dealers also provide advanced features like stop and go, steering assist, brake assist, lane change assist and automatic braking as advanced features.
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Key manufacturers of the adaptive cruise control system in the automotive industry are
Denso Corporation, Magna International Inc., Mando Corporation, Valeo SA, ZF TRW Automotive, Autoliv Inc., Hyundai Mobis Co. Ltd., Robert Bosch GmbH, Delphi Automotive PLC, Continental AG, Delco Electronics, Hitachi Ltd., Nissan motor Company, Siemens VDO and Bendix. New product development, advancement in technology, and collaboration with OEMs are the key strategies adopted by the key players to gain a competitive edge in the market.
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 700 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conduct usually more than10 detailed primary interviews with the market players across the value chain in the all four regions and industry experts to obtain both the qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Key success factors
The automotive adaptive cruise control system market is segmented into the following categories.
Global Automotive Adaptive Cruise Control System Market by Vehicle Type:
• Passenger Car
• Light Commercial Vehicle (LCV)
• Medium & Heavy Duty Commercial vehicle (M&HCV)
Global Automotive Adaptive Cruise Control System Market by Technology Type:
• Infrared sensors
• Laser sensors
• Radar sensors
• Ultrasonic sensors
• Image sensors
Global Automotive Adaptive Cruise Control System Market by End-Use Type:
• OEM
• Aftermarket
Global Automotive Adaptive Cruise Control System Market by Region:
• North America (USA, Canada, and Mexico)
• Europe (Germany, France, Russia, Italy, UK, and Rest of the Europe)
• Asia-Pacific (Japan, China, South Korea, India, and Rest of the Asia-Pacific)
• Rest of the world (Brazil, Argentina, and Others)
Company Profiling
• Detailed profiling of additional market players (up to 3)
• SWOT analysis of key players (up to 3)
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