Adaptive Cruise Control Market 2021
Adaptive cruise control systems are majorly used in automotive to control the speed of vehicle. It automatically controls the speed of vehicle by slowing down the speed in traffic and increasing when there is no obstacle. Currently, automotive industry is moving towards electrifications and automation. It uses various sensors for detecting the distance between two vehicles. It increases the safety and reduces the risk of accidents. Additionally, it has been attached to pre-crash systems that alerts the vehicles spontaneously applying brakes. Some of factors like increase in the sale of passenger cars, advancement in technology, and growing safety of passengers are responsible for the growth of adaptive cruise control market.
Global adaptive cruise control market is expected to grow at a CAGR of 13.2 % during the forecast period, 2021–2026.
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Years that have been considered for the study of this report are as follows:
Market Segmentation:
By Technology
By Vehicle Type
By end use
By Region
Regional Insights
Geographically, adaptive cruise market is segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).
In North America, the rising concern for human safety is a key factor that drives the growth of adaptive cruise control market. Additionally, stringent government regulations for safety in propelling the growth of market.
Europe adaptive cruise market comprised of key manufacturers which makes it a major production hub and home for adaptive cruise control technology.
In Asia pacific, some of the factors like increasing demand for luxury and premium cars are responsible for growth of adaptive cruise system market. Additionally, in Asia Pacific emerging countries like China, India, and Thailand are propelling the growth of market.
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