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Global Commercial Vehicle Cruise Control System Market 2017-2021

Global Commercial Vehicle Cruise Control System Market 2017-2021

About Commercial Vehicle Cruise Control System

Cruise control system aims at providing assistance that spans over safety, comfort, and convenience for drivers of modern day automobiles. The motive of a conventional cruise control system is to provide the ability to maintain a constant speed of the vehicle. The driver should intervene when traffic, road, or weather conditions change and determine when it is safe to use the cruise control system or disengage. The conventional cruise control system has been in use in commercial vehicles for more than 30 years. Governments and public safety organizations continue to inspect the risks and benefits of using cruise control system.

Technavio’s analysts forecast the global commercial vehicle cruise control system market to grow at a CAGR of 5.89% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global commercial vehicle cruise control system market for 2017-2021. To calculate the market size, 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:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Commercial Vehicle Cruise Control System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Delphi
  • DENSO CORPORATION
  • Robert Bosch
  • Valeo
Other prominent vendors
  • Autoliv
  • WABCO
  • ZF Friedrichshafen
Market driver
  • Growing focus of OEMs on autonomous vehicles
  • For a full, detailed list, view our report
Market challenge
  • High costs associated with cruise control system
  • For a full, detailed list, view our report
Market trend
  • Growing number of fatalities leading to adoption of cruise control system
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Commercial Vehicle Cruise Control System Market 2017-2021

Technavio recognizes the following companies as the key players in the global commercial vehicle cruise control system market: Delphi, DENSO CORPORATION, Robert Bosch, and Valeo.

Other Prominent Vendors in the market are: Autoliv, WABCO, and ZF Friedrichshafen.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing number of fatalities leading to adoption of cruise control system. Accidents due to drowsiness are common and frequent with drivers of commercial vehicles, especially in heavy-duty transportation where long-haul travel is a common phenomenon. Accidents due to drowsiness and fatigue have become a major concern for fleet operators of commercial vehicles as well as consumers. In case of pedestrian deaths, almost 80% of all motor vehicle fatalities are due to the fault of the driver, globally.”

According to the report, one driver in the market is growing focus of OEMs on autonomous vehicles. OEMs are focusing on developing autonomous vehicles, which is a key driver leading to innovation in the cruise control system market. Population shift from rural to urban areas is considered as one of the main factors that will attract consumers toward autonomous driving. Personal value and demographic shifts are likely to make autonomous vehicles as the preferred mode of transportation. Many auto manufacturers are focused toward developing a commercially available autonomous vehicle by 2019. It will give a big boost to the commercial vehicle cruise control market, as OEMs will focus on developing enhanced cruise control features such as adaptive cruise control and predictive and intelligent cruise control system.

Further, the report states that one challenge in the market is high costs associated with cruise control system. The high costs associated with the procurement and maintenance of technologies and systems, such as radars, cameras, sensors, and sensitive and complex image analysis algorithms, have increased the price of cruise control system and limited its use to the developed market. OEMs are reluctant to equip their vehicles with cruise control system, as it will significantly increase the price of the vehicle. Since consumers in APAC are price-sensitive, OEMs are not equipping their vehicles with cruise control system. As the technology matures, OEM will start equipping more vehicles with the cruise control system.

Companies Mentioned

Delphi, DENSO CORPORATION, Robert Bosch, Valeo, Autoliv, WABCO, and ZF Friedrichshafen.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
    • Components of cruise control system
      • Table Components of cruise control system
    • Next generation: Cruise control system
    • Challenges for cruise control system
  • Market landscape
    • Market overview
      • Table Segmentation of global commercial vehicle cruise control system market
      • Table Global commercial vehicle cruise control system market 2016-2021 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Overview: Global commercial vehicle cruise control system market by application
      • Table Global commercial vehicle cruise control system market by application 2016
    • Global commercial vehicle cruise control system market for LCV
      • Table Global commercial vehicle cruise control system market for LCV 2016-2021 (millions of units)
      • Table Global commercial vehicle cruise control system market for LCV by region 2016-2020 (millions of units)
    • Global commercial vehicle cruise control system market for M&HCV
      • Table Global commercial vehicle cruise control system market for M&HCV 2016-2021 (millions of units)
      • Table Global commercial vehicle cruise control system market for M&HCV by region 2016-2021 (millions of units)
  • Geographical segmentation
    • Overview: Global commercial vehicle cruise control system market by geography
      • Table Global commercial vehicle cruise control system market by geography 2016 and 2021
    • Commercial vehicle cruise control system market in Americas
      • Table Commercial vehicle cruise control system market in Americas 2016-2021 (millions of units)
    • Commercial vehicle cruise control system market in EMEA
      • Table Commercial vehicle cruise control system market in EMEA 2016-2021 (millions of units)
      • Table New commercial vehicle registration in major European countries 2014-2016 (millions of units)
    • Commercial vehicle cruise control system market in APAC
      • Table Commercial vehicle cruise control system market in APAC 2016-2021 (millions of units)
      • Table New commercial vehicle registration in major APAC countries 2014-2016 (millions of units)
  • Key leading countries
    • Key leading countries in global commercial vehicle cruise control system market
      • Table Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Major factors affecting sales of commercial vehicles
  • Market trends
    • Growing number of fatalities leading to adoption of cruise control system
    • Deployment of cruise control in commercial vehicles
    • Adoption of LiDAR in cruise control system
  • Vendor landscape
    • Competitive benchmarking
    • Other prominent vendors
  • Key vendor analysis
    • Delphi
      • Table Delphi: Business segmentation by revenue 2016
      • Table Delphi: Geographical segmentation by revenue 2016
      • Table Delphi: Recent developments
    • DENSO CORPORATION
      • Table DENSO CORPORATION: Business segmentation by revenue 2016
      • Table DENSO CORPORATION: Recent developments
    • Robert Bosch
      • Table Robert Bosch: Business segmentation by revenue in 2016
      • Table Robert Bosch: Geographical segmentation by revenue 2016
      • Table Robert Bosch: Recent developments
    • Valeo
      • Table Valeo: Product segmentation
      • Table Valeo: Business segmentation by revenue 2016 (% share)
      • Table Valeo: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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