(MENAFN- America News Hour) “Automotive Adaptive Cruise Control Market: Global Demand Analysis & Opportunity Outlook 2033” delivers a detailed competitor analysis and a detailed overview of the global automotive adaptive cruise control market in terms of market segmentation by technology, vehicle type, and by region.
Growing Concern for the Rising Road Crashes to Drive Growth of Global Automotive Adaptive Cruise Control Market
The global automotive adaptive cruise control market is estimated to grow majorly on account of the increased concern about the rising incidences of road crashes which according to the World Health Organization is estimated to be over 1 million deaths every year. Further, every 1% increase in mean speed produces a 3% and 4% increase in the serious crash risk and fatal crash risk respectively.
Automotive Adaptive Cruise Control Market Statistics –
The market size is projected to record a valuation of over USD 59 Billion by 2033 The Automotive Adaptive Cruise Control Market is slated to observe 6% growth rate through 2023-2033
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The market research report on global automotive adaptive cruise control encompasses an in-depth analysis of the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion of current and future market trends. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market are poised to gain significant momentum in the next few years.
Major players include in the Global Automotive Adaptive Cruise Control Market:
Denso Corporation,
Hyundai Motor Company,
ZF Friedrichshafen AG,
Magna International Inc.,
Aptiv Global Operations Limited,
HL Mando Co., Ltd.,
Valeo, Autoliv Inc., Continental AG, Robert Bosch GmBH
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By vehicle type, the global automotive adaptive cruise control market is segmented into passenger vehicles and commercial vehicles. The passenger vehicles segment is to garner a highest revenue by the end of 2033 by growing at a CAGR of ~ 6% over the forecast period. A rise in the number of battery-only electric passenger cars.
By region, the Asia Pacific automotive adaptive cruise control market is to generate the highest revenue by the end of 2033. This growth is anticipated by the growing number of intelligent vehicles.
The research is global in nature and covers a detailed analysis of the automotive adaptive cruise control market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, an analysis comprising of global automotive adaptive cruise control market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook, etc. has also been covered and displayed in the research report.
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This report also provides the existing competitive scenario of some of the key players of the global automotive adaptive cruise control market which includes company profiling of Denso Corporation, Hyundai Motor Company, ZF Friedrichshafen AG, Magna International Inc., Aptiv Global Operations Limited, HL Mando Co., Ltd., Valeo, Autoliv Inc., Continental AG, Robert Bosch GmBH, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global automotive adaptive cruise control market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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