Scope of the Study
Automotive ACC system is defined as the automotive features in which a sensor & control system is used to prevent from the accident. Some of the features of the automotive ACC system are found target vehicle, measures distance to the target vehicle, among others. A rising number of the collision on the road across the world, rising disposable income among middle-class families, increasing awareness among people regarding safety are projected to drive the global automotive ACC system market over the forecast period.
The market study is being classified and major geographies with country level break-up.
ZF TRW Automotive Holdings (Germany), Delphi Automotive (Ireland), Continental AG 9Fermany), Robert Bosch GmbH (Germany), DENSO Corporation (Japan), Magna International Inc. (Canada), Autoliv Inc. (Sweden) and Valeo (France) are some of the key players profiled in the study.
The global automotive ACC system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Research Analyst at AMA predicts that Germany Vendors will contribute to the maximum growth of Global Automotive ACC System market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Automotive ACC System market by Type, Application and Region.
On the basis of geography, the market of Automotive ACC System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The increasing number of the collision on the road. For instance, according to the government of India, India reported a traffic collision rate of about 0.8 per 1000 vehicles in 2015 compared to 0.9 per 1000 vehicles in 2012. Hence, the increasing the number of road accidents will affect the growth of the market in the future.
- Rising Demand for Eco Cruise Control to Improve Efficiency across the World
- Stringent Rules and Regulation
- Growing Demand from Emerging Market such as China and India
- Issue related to Adverse Weather Conditions and Other Issues Affecting Sensor Indications
In 2019, the Hyundai Company has announced to incorporate a new Machine Learning based Smart Cruise Control into future vehicles. Hence, this announcement will drive the market growth.
Key Target AudienceACC System Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
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