Global Adaptive Cruise Control Market report from Global Insight Services is the single authoritative source of intelligence on Adaptive Cruise Control Market . The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Adaptive cruise control (ACC) is an available cruise control system for vehicles that automatically adjusts the vehicle’s speed to maintain a safe following distance from vehicles ahead. ACC is an extension of conventional cruise control with additional sensors and control modules that enable the vehicle to maintain a set following distance from the vehicle ahead, regardless of speed.
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Key Trends
The key trends in ACC technology are:
1. Increased adoption: ACC is becoming increasingly available as an option in new vehicles, as automakers look to offer more semi-autonomous features.
2. Improved performance: ACC systems are becoming more accurate and reliable, thanks to advances in sensor technology and artificial intelligence (AI).
3. Enhanced safety: ACC can help to prevent accidents by automatically braking if a vehicle ahead slows down or stops.
4. Greater convenience: ACC can help to reduce driver fatigue by taking over the task of following a vehicle ahead.
Key Drivers
There are many key drivers of the adaptive cruise control market. One key driver is the increasing number of vehicles with this technology. Another key driver is the increasing awareness of the benefits of this technology. Additionally, the cost of this technology is decreasing, making it more affordable for consumers.
One of the main benefits of adaptive cruise control is that it can help reduce accidents. This is because the technology can automatically adjust the speed of the vehicle to maintain a safe following distance. This can help to avoid rear-end collisions. Additionally, this technology can also help to reduce congestion on the roads.
Another key driver of the adaptive cruise control market is the increasing number of features that are being added to this technology. For example, some systems now include features such as lane keeping assistance and automatic braking. This is making this technology more attractive to consumers.
The cost of adaptive cruise control is also decreasing. This is making this technology more affordable for consumers. Additionally, the technology is becoming more compact, making it easier to install in vehicles.
Market Segmentation
The Adaptive Cruise Control Market is segmented by technology, vehicle type, and region. By technology, the market is divided into LiDAR, laser, and radar. By vehicle type, the market is bifurcated into passenger cars, commercial vehicles, and others. By region, the market is classified into North America, Europe, Asia-Pacific and rest of the world.
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Key Players
The key players in the Adaptive Cruise Control Market are Robert Bosch GmbH, Delphi Automotive, Continental AG, ZF Friedrichshafen, Mando Corporation, Valeo SA, Denso Corporation, Luminar, Magna International, and Aisin Corporation.
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