Press release
Global Automotive Adaptive Cruise Control Market Growth, Share, Size, Trends, and Forecast (2023 - 2032) | Magna International Inc., Continental AG, Denso Corporation, Hitachi Ltd., Robert Bosch GmbH
Automotive Adaptive Cruise Control Market Report
As per the automotive adaptive cruise control market report by The Business Research Company, the rise in the number of road accidents is expected to propel the growth of the automotive adaptive cruise control market going forward. A road accident refers to any incident that occurs on a road that causes injury due to crashes originating from, finishing with, or involving a vehicle partially or wholly on a public road. The automotive adaptive cruise control system helps in reducing road accidents by using technology that slows the traffic ahead and automatically adjusts the speed of the vehicles.
The global automotive adaptive cruise control market size grew from $18.46 billion in 2022 to $20.72 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The automotive adaptive cruise control market size is expected to grow to $32.35 billion in 2027 at a CAGR of 11.8%.
Read More On The Automotive Adaptive Cruise Control Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-adaptive-cruise-control-global-market-report
Major competitors in the automotive adaptive cruise control market include Magna International Inc., Continental AG, Denso Corporation, Hitachi Ltd., Robert Bosch GmbH, Valeo SA, Hyundai Mobis, ZF Friedrichshafen AG, Mando Corporation, Nidec Elesys America Corporation, Velodyne Lidar, Knorr-Bremse AG, Eaton Corporation plc, ADVICS Co Ltd., and Visteon Corporation.
The automotive adaptive cruise control market is segmented -
•By Component: LIN, CAN, ECU, MCU, Wire harness
•By Technology: RADAR Sensor, LIDAR Sensor
•By Mode Of Operation: Normal Adaptive Cruise Control System, Connected Adaptive Cruise Control System
•By Vehicle: Passenger Vehicle, Commercial Vehicle
•By Distribution Channel: OEM, Aftermarket
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the automotive adaptive cruise control market.
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Automotive adaptive cruise control refers to a driver assistance technology that sets a maximum speed for vehicles and automatically slows the speed of the car when traffic is sensed in front of the vehicle. This device automatically adjusts a car's speed to reduce the driver's effort, and this technology allows the car to identify probable forward crashes and notify the driver. It is used to maintain adequate spacing between vehicles on the road, ensure road safety, avoid accidents, and enhance traffic flow.
The Table Of Content For The Automotive Adaptive Cruise Control Market Include:
1. Executive Summary
2. Automotive Adaptive Cruise Control Market Characteristics
3. Automotive Adaptive Cruise Control Market Trends And Strategies
4. Automotive Adaptive Cruise Control Market - Macro Economic Scenario
5. Automotive Adaptive Cruise Control Market Size And Growth
……
26. Africa Automotive Adaptive Cruise Control Market
27. Automotive Adaptive Cruise Control Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Adaptive Cruise Control Market
29. Automotive Adaptive Cruise Control Market Future Outlook and Potential Analysis
30. Appendix
The "Global Automotive Adaptive Cruise Control Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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