TechNavio recognizes the following companies as the key players in the Global Adaptive Cruise Control Market: Autoliv Inc., Continental AG, Delphi Automotive plc, Denso Corp., and Robert Bosch GmbH.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends in the Global Adaptive Cruise Control market is the growing focus on reducing the price in order to cater to the needs of low and mid-segment vehicle users. Hence, the market is expected to witness the increasing penetration of ACC systems in the Low-cost Cars segment in the coming years. Suppliers such as Continental and Robert Bosch are working closely with OEMs to develop low-cost systems for the Medium-sized Cars and Compact Cars segments. This is because these are the segments that will help vendors attain economies of scale and reduce the price of ACC systems.”
According to the report, one of the major factors driving the market is the increasing use of ACC systems in tourist vehicles and vehicles used for long journeys. ACC systems are highly beneficial on long journeys when a driver’s reaction time can deteriorate due to fatigue.
Further, the report states that the main challenge faced by the market is the technological complexity of ACC systems, which makes it difficult to install them in existing vehicles.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-adaptive-cruise-control-market-20…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Global Adaptive Cruise Control Market 2014-2018
