Report Code: A09107 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Adaptive Cruise Control (acc) System Market
Request Now !With technological advancements, the overall driving experience has improved significantly, making it safer and driver-friendly. Similarly, the adaptive cruise control (ACC) system is one of the technological advancements which has eased the driving experience. In conventional cruise control technology, the driver used to set maximum speed and the cruise control used to maintain that speed irrespective of vehicles ahead. Due to this, the driver had to be alert of the vehicles in the vicinity and apply brakes manually. Whereas in adaptive cruise control system, the driver sets the maximum speed and the car accelerates and decelerates automatically based on vehicles around. This is functioned with the help of electronic sensors. The radar sensors detect the vehicles or possible obstacles around and adapt to the speed accordingly. With innovation in adaptive cruise control system, the driving has been eased on highways as well as in traffic conditions.
COVID-19 scenario analysis:
Heavy investment in R&D has paved the way for the adaptive cruise control (ACC) system market growth. Additionally, rise in adoption of ACC by automakers is surging the market growth. Moreover, ACC keeps the driver relaxed due to its ability to drive at a constant speed without keeping a foot on the pedal. Besides, maintaining the car at a consistent speed significantly improves fuel economy. However, failure of sensors in adaptive cruise control system could restrain the market growth. Furthermore, growing need for safety and advanced driver assistance system demand from consumers could proliferate the market growth.
The adaptive cruise control (ACC) system market trends are as follows:
Recent trend in the automotive sector has been autonomous and semi-autonomous cars. With rise in production of autonomous and semi-autonomous car, the use of adaptive cruise control system will escalate. ACC system has a major role to play in autonomous and semi-autonomous cars as it has features like hand-free driving. Recently, Tesla launched its Tesla model 3 with features like Traffic-Aware Cruise Control (TACC). Likewise, the GM is developing next-generation “Ultra cruise” semi-autonomous driving system.
Industrialization has paved its way for rise in number of vehicles & income of people. The living standards of people have bettered in developed economies. This has led to increase in sales and production of luxury cars. ACC being fitted in majority of luxury cars, the demand for its market has also grown simultaneously. Many manufacturers have adopted ACC system in their cars considering consumer demand. Looking at the importance of ACC, economy car manufacturers would also want to equip this system in near future.
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Questions answered in the adaptive cruise control (ACC) system market research report:
Adaptive Cruise Control (ACC) System Market Report Highlights
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Key Market Players | WABCO, Hyundai Mobis Co., Denso Corporation, Autoliv, Inc., Mando Corporation, Continental AG, Magna International, ZF Friedrichshafen, Delpi Automotive, Valeo S.A. |
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