Adaptive Cruise Control Market Manufacturers, Competitive Landscape and Business Opportunities by 2027

Market Size – USD 14.86 billion in 2019, Market Growth - CAGR of 20.8%, Market Trends – The rise in the adoption of the autonomous vehicle.

Emergen Research's latest document, titled 'Global Adaptive Cruise Control Market - Forecast to 2027,' is one of the most sought-after market reports involving an in-depth analysis of the global Adaptive Cruise Control market. The report's authors have offered necessary details on the latest Adaptive Cruise Control market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Adaptive Cruise Control industry entails useful insights into the estimated Adaptive Cruise Control market size, revenue share, and sales distribution networks.

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 significantly 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 are expected to boost market growth shortly. 

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COVID-19 Impact Analysis:

The latest report is the most recent study that offers 360° coverage of the Adaptive Cruise Control industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Adaptive Cruise Control market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era.

Key Highlights From The Report

  • In July 2019, Velodyne Lidar, Inc. acquired 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.

Table of Content
Chapter 1. Methodology Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Adaptive Cruise Control Market Segmentation Impact Analysis
    4.1. Adaptive Cruise Control Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis

Regional Overview:

  • The global Adaptive Cruise Control market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. It evaluates the presence of the global Adaptive Cruise Control market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.

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