DUBLIN--(BUSINESS WIRE)--The "Global Adaptive Cruise Control (ACC) Market Size, Share, Development, Growth and Demand Forecast to 2023" report has been added to Research and Markets' offering.
The global adaptive cruise control market is expected to witness a CAGR of 18.3% during the forecast period to reach $15,290 million by 2023. Radar is currently one of the largest markets followed by Lidar, which is growing at the highest CAGR. Passenger cars has been the largest contributor to the global adaptive cruise control market and growing at the highest CAGR during the forecast period.
The key trend driving the global adaptive cruise control market is strong growth in luxury vehicles as most of the vehicles are equipped with advanced safety features. The growth is mainly due to new product launches, expansion of dealer network by companies in the emerging market and better financing availability.
Increasing number of accidents is one of the major drivers propelling the growth of the adaptive cruise control market. Road accidents are among the leading causes of deaths across various regions around the globe, with Africa accounting for highest road traffic-related accidents, followed by Asia-Pacific.
One of the major restraints for the global ACC market is the inability of ACC to give exact information in adverse weather conditions. The ACC uses a laser sensor, which fails to track exact data in case of heavy rainfall or snow, thus increasing the chances of road accidents.
Key Topics Covered:
1. Research Background
2. Research Methodology
3. Executive Summary
5. Global Adaptive Cruise Control Market, By Technology
6. Global Adaptive Cruise Control Market, By End-Use
7. Global Adaptive Cruise Control Market, By Application
8. Global Adaptive Cruise Control Market, By Geography
9. Competitive Landscape
10. Company Profiles
- Autoliv Inc.
- Robert Bosch Gmbh
- Delphi Automotive Plc
- Continental Ag
- Denso Corporation
- Valeo Sa
- Magna International Inc.
- Mando Corporation
- Hyundai Mobis Co., Ltd.
Zf Friedrichshafen Ag
For more information about this report visit https://www.researchandmarkets.com/research/xw6chb/global_adaptive