Global Adaptive Cruise Control Market To Reach USD 23.85 Billion By 2026
Market Summary Market Size – USD 19.57 Billion in 2018, Market Growth - CAGR of 6.92%, Market Trends – Rising number of accidents on the road has led to an increase in the demand for safer vehicles, both from the government side as well as the customer side. According to the current analysis of Reports and Data, the global Adaptive Cruise Control market was valued at USD 13.83 Billion in 2018 and is projected to grow at a CAGR of 6.92% from 2019 to 2026. Further key findings from the report suggest : • The valuation for the Global Adaptive Cruise Control market was USD 13.83 Billion in 2018 and is predicted to reach USD 23.85 Billion by 2026. • North America region is forecasted to occupy the largest share in the market in 2026 on account of high demand for safe and efficient vehicles in the region. The region is forecasted to grow to USD 10.02 Billion in 2026. • European region is forecasted to occupy a major share in the market on account of presence of many prominent players in the industry like Continental AG, Valeo S.A., and ZF Friedrichshafen. www.reportsanddata.com
Key Players: Autoliv, Inc. (Sweden), Magna International (Canada), Valeo S.A. (France), Delpi Automotive (Ireland), Continental AG (Germany), Denso Corporation (Japan), ZF Friedrichshafen (Germany), Hyundai Mobis Co. (South Korea), Mando Corporation (South Korea), and WABCO (France). Segmentation: • • •
Technology (Revenue, USD Million; 2016–2026): Infrared Sensor, Laser Sensor, Image Sensor, Radar Sensor, Ultrasonic Sensor, LiDAR Sensor, Vehicle (Revenue, USD Million; 2016–2026): Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), Propulsion (Revenue, USD Million; 2016–2026) : Electric, Battery Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle, Petrol, Diesel
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Regional Vehicle Access Control Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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The report emphasizes the following key questions: • Q.1.What are the most lucrative and promising growth prospects for the market? • Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? • Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? • Q.4.Which factors are impacting the future of the market and what are the driving factors? • Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
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