The global Adaptive Cruise Control Market is forecasted to be worth USD 62.36 Billion by 2027, according to a current analysis by Emergen Research. The adaptive cruise control market is forecasted to grow substantially throughout the forecast period due to the increasing demand for advanced technology to avoid rear-end collisions and rising preference for automated vehicles to eases the other activities while driving. Besides, the increasing government initiatives for implementing low emission and energy-efficient vehicles is expected to boost market growth shortly.

The latest research report by Emergen Research, named ‘Global Adaptive Cruise Control Market - Forecast to 2027’, entails a comprehensive review of the global Adaptive Cruise Control market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.

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COVID-19 Impact Analysis:

This report is the latest document encompassing the massive changes that took place in the Adaptive Cruise Control market following the emergence of the COVID-19 pandemic. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Adaptive Cruise Control market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments.

Key Highlights From The Report

  • In July 2019, Velodyne Lidar, Inc. acquired Mapper.ai. This acquisition will enhance the capabilities of Velodyne for adaptive cruise control and advanced driver assistance systems.
  • The passenger car segment is forecasted to hold the largest market throughout the forecast period, with a CAGR of 21.2% owing to the growing demand for fuel-efficient cars.
  • Due to the rising concern for road safety among professional drivers and logistics organizations, the commercial vehicle segment is anticipated to grow substantially over the forecast period.
  • The assisting system segment is expected to dominate the market over the forecast period, with a CAGR of 21.1%. Owing to the features like proximity alerts, lane control, and brake assistance.

Competitive Outlook:

  • The global Adaptive Cruise Control market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Adaptive Cruise Control market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

Some of the key participants in this industry include:

  • Robert Bosch GmbH
  • Continental AG
  • Velodyne Lidar, Inc.
  • Delphi Automotive LLP
  • Magna International Inc
  • Autoliv Inc.
  • Valeo SA
  • ZF Friedrichshafen AG

Key questions addressed in the report:

  • What are the key factors driving the global Adaptive Cruise Control market?
  • Who are the key manufacturers in this market space?
  • Who are the distributors, traders and dealers of this market?
  • What are the market opportunities and risks affecting the performance of the vendors in the global Adaptive Cruise Control market?

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