Adaptive Cruise Control Market Size, Trends, Growth Opportunities post after COVID19 Outbreak

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Adaptive Cruise Control Market Projections,
Opportunities Growth Factors Analyzed Until
2023 Analysis of COVID-19
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• The rising prevalence of road accidents is one of
  the major factors fueling the demand for
  adaptive cruise control across the world. Road
  accidents are one of the biggest causes of
  deaths in various countries and regions. Africa
  and Asia-Pacific (APAC) record the highest and
  the second-highest occurrence of road crashes in
  the world respectively. Due to the growing
  incidence of road accidents, the demand for
  advanced safety features and systems such as
  adaptive cruise control is rising rapidly.
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• As a result, automakers all over the globe are
  increasingly adopting these systems in their
  vehicles. Furthermore, the governments and
  regulatory bodies in various countries and
  regions
• such as those in North America and Europe are
  implementing strict vehicle safety policies and
  regulations that mandate the installation of
  safety systems such as adaptive cruise control in
  vehicles. In addition to this, various trade
  unions and associations are encouraging the
• integration of adaptive cruise control systems in
  automobiles.
• Due to the above-mentioned factors, the sales of
  these systems are climbing around the world.
  This is, in turn, propelling the boom of the
  global adaptive cruise control market. According
  to the forecast of PS Intelligence, a market
  research firm based in India, the market value
  would grow from 4.8 billion to 15.3 billion
  from 2016 to 2023. The market is also predicted
  to exhibit a CAGR of 18.3 between 2017 and 2023.
• Thus, it is safe to say that the demand for
  adaptive cruise control systems would shoot-up
  all over the world in the upcoming years,
  primarily because of the increasing incidence of
  road accidents and the growing implementation of
  strict vehicle safety regulations and policies in
  various countries around the world.
• GLOBAL ADAPTIVE CRUISE CONTROL MARKET
• By Technology Lidar, Radar, Laser and
  Ultrasonic
• By Application Passenger Cars and Commercial
  Vehicles

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• By End-use OEMs and Aftermarket
• By Region North America, Europe, Asia-Pacific
  and Rest of the World (RoW)

• This study covers
• Historical and the present size of the adaptive
  cruise control market
• Major factors driving the market and their impact
  during the short, medium, and long terms
• Market restraints and their impact during the
  short, medium, and long terms
• Recent trends and evolving opportunities for the
  market participants
• Historical and the present size of the market
  segments and understand their comparative future
  potential
• Potential of on-demand logistics services, so the
  market players make informed decisions on the
  sales of their offerings
• Competitive scenario of various market segments
  across key countries in several regions for
  uncovering market opportunities for the
  stakeholders
• Major players operating in the market and their
  service offerings
• Recent strategic developments by the major
  players in the market

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