DUBLIN--(BUSINESS WIRE)--The "Global Commercial Vehicle Cruise Control System Market 2017-2021" report has been added to Research and Markets' offering.
The global commercial vehicle cruise control system market is expected to grow at a CAGR of 5.89% during the period 2017-2021.
The report, Global Commercial Vehicle Cruise Control System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is growing number of fatalities leading to adoption of cruise control system. Accidents due to drowsiness are common and frequent with drivers of commercial vehicles, especially in heavy-duty transportation where long-haul travel is a common phenomenon. Accidents due to drowsiness and fatigue have become a major concern for fleet operators of commercial vehicles as well as consumers. In case of pedestrian deaths, almost 80% of all motor vehicle fatalities are due to the fault of the driver, globally.
According to the report, one driver in the market is growing focus of OEMs on autonomous vehicles. OEMs are focusing on developing autonomous vehicles, which is a key driver leading to innovation in the cruise control system market. Population shift from rural to urban areas is considered as one of the main factors that will attract consumers toward autonomous driving. Personal value and demographic shifts are likely to make autonomous vehicles as the preferred mode of transportation. Many auto manufacturers are focused toward developing a commercially available autonomous vehicle by 2019. It will give a big boost to the commercial vehicle cruise control market, as OEMs will focus on developing enhanced cruise control features such as adaptive cruise control and predictive and intelligent cruise control system.
- Robert Bosch
Other prominent vendors
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Introduction
Part 04: Market Landscape
Part 05: Market Segmentation By Application
Part 06: Geographical Segmentation
Part 07: Key Leading Countries
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/7q9ngv/global_commercial