Auto Industry News
Auto Bailout News
Auto Magazines
Auto Show News
Car Dealers News
|
Home | Automotive News | Submit Press Release |
(I-AutoNewsWire.com, February 27, 2019 ) As per the latest market intelligence report published by Stratview Research, the Automotive Adaptive Cruise Control System Market is anticipated to grow at a healthy rate.
The research studies Automotive Adaptive Cruise Control System Market in the trend period of 2010 to 2015 and forecasted period of 2016 to 2021 under four segments by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium & Heavy Duty Commercial vehicle), by Technology Type (Infrared sensors, Laser sensors, Image sensors, Radar sensors, Ultrasonic sensors), by End-Use (OEM and Aftermarket), and by Region (North America, Europe, Asia-Pacific and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021
The study finds – Europe and North America are the biggest markets and are also the home continent of most of the adaptive cruise control system suppliers. OEMs are expected to remain the largest consumer of the adaptive cruise control system in the global automotive industry over the next five years. LIDAR sensors based adaptive cruise control system is expected to remain the most dominant technology type. Passenger vehicle is expected to remain the most dominant vehicle type, driven by an increase in demand of autonomous driving with high passenger safety in premium and luxury cars.
Click here to read the detailed description: https://www.stratviewresearch.com/136/automotive-adaptive-cruise-control-system-market.html
Go through the TOC: https://www.stratviewresearch.com/toc/136/automotive-adaptive-cruise-control-system-market.html
Automotive Adaptive Cruise Control System Market: Highlights Adaptive cruise control is an advanced system that automatically adjusts the speed of a car to maintain a safer distance from the preceding vehicles. The system can increase or decrease the car’s speed in order to maintain a safer distance. Many cars are now also equipped with Stop and Go function that can slow and stop in traffic jams and then accelerate to go again.
The adaptive cruise control system market in the automotive industry is expected to offer an excellent growth over the next five years. An increasing number of collisions on the road, rising disposable income, awareness among people regarding safety, and advancement in research & technology are some of the major growth drivers of the global automotive adaptive cruise control system market. Additionally, increasing demand for premium and luxury cars is also propelling the growth of adaptive cruise control system in the automotive industry. Some companies have also started to deploy this system in mid-range cars to fulfill customer’s safety preferences.
About Stratview Research Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com
Source: EmailWire.com
|