Global Automotive Adaptive Cruise Control Market 2017-2021
About Automotive Adaptive Cruise Control
A cruise control is a simple electronic device, which is used in a vehicle to maintain a constant speed. The term cruise means travel smoothly at a nominal or economic speed. The cruise control system is fuel-efficient and helps in speed control. It memorizes the speed set by the driver and maintains it throughout. The driver has the option to manually increase or decrease the speed and then come back to the set speed in the system while the cruise control mode is on. Cruise control can be switched off by pressing the off button near the steering, or it can be stopped by applying brake or clutch of the vehicle.
Technavio’s analysts forecast the global automotive adaptive cruise control market to grow at a CAGR of 17.92% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive adaptive cruise control market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Adaptive Cruise Control Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive adaptive cruise control market: Bosch, Continental, Delphi, and ZF Friedrichshafen.
Other Prominent Vendors in the market are: Peloton Technology, WABCO, Valeo, DENSO, Magna International, Ficosa International, Mando, Environmental Solutions Group (ESG), GENTEX, Autoliv, and Mobileye.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for eco cruise control to improve efficiency. Eco cruise control (ECC) or economic cruise control is different from the normal cruise control that is available in the market. The normal cruise control is mostly designed for the freeway, but ECC is designed for the roads with too many ups and downs slopes, which consumes a lot of fuel while driving normally.”
According to the report, one driver in the market is growing demand for safety features in vehicles. With the rising cases of accident, the demand for safety features such as ACC, lane assists, and collision warning systems in vehicles is growing rapidly. Nowadays, these advanced systems are not limited to the premium segment vehicles only, but the owners of entry-level cars are also adopting them. The high demand for these systems is attributed to the growing awareness of the safety systems and technologies among the consumers. OEMs advertise their products by creating emotionally connective ads related to safety, which increases the demand for their safety systems in the market.
Further, the report states that one challenge in the market is adverse weather conditions and other issues affecting sensor indications. ACC may not work efficiently in some weather conditions such as heavy rains and fogs or if dirt or snow is covering the sensors or if the roadways are slippery. Sometimes, ACC does not work efficiently in tunnels. It is found that the laser-based adaptive control systems, which are mounted in front to track the safe distance and speed of the vehicle with laser systems, are unable to track vehicles in front that have a dirty or nonreflective appearance. According to a survey by the US Department of Transportation (DOT), more than 5,728,000 vehicle collisions happened between 2005 and 2014.
Bosch, Continental, Delphi, ZF Friedrichshafen, Peloton Technology, WABCO, Valeo, DENSO, Magna International, Ficosa International, Mando, Environmental Solutions Group (ESG), GENTEX, Autoliv, and Mobileye.
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