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08.07.2020 PR, реклама, маркетинг

Adaptive Cruise Control Market Growth, Segments, Size, Industry Analysis and Growth Opportunities

From $4.8 billion in 2016, the global adaptive cruise control market is expected to attain the value of $15.3 billion by 2023, advancing at an 18.3% CAGR during the forecast period (2017–2023). The factors positively impacting the market growth are the rising number of vehicle safety initiatives and regulations due to the increasing number of road accidents.

The adaptive cruise control (ACC) is meant to regulate the vehicle speed in order to maintain a safe distance from other vehicles on the road. It works by sensing the speed of vehicles and alerting the braking system to reduce the vehicle speed.

Based on application, the ACC market is bifurcated into passenger and light commercial vehicles. Of these, during the historical period (2013–2016), passenger vehicles dominated the market, and these are predicted to maintain their dominance during 2017–2023.

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Competitive Landscape of Adaptive Cruise Control Market

The global adaptive cruise control market is fragmented in nature, dominated by majorly tier-1 suppliers. Among the leading players, Robert Bosch GmbH was the largest player in the market in 2016. Some of the other major players in the market are Continental AG, Denso Corporation, ZF Friedrichshafen AG, Magna International Inc., Valeo SA, Delphi Automotive PLC, Autoliv Inc., Mando Corporation, and Hyundai Mobis.