Automotive and Transportation Adaptive Cruise Control Market Analysis Report | Page 4

Adaptive Cruise Control Market
Growing demand of Passenger cars and commercial vehicles segment across the globe
The major factors driving the growth of the market includes growing demand of passenger cars and commercial
vehicles globally. India and China have emerged as the growing countries where the vehicle production has
increased rapidly in past five years and the trend is likely to continue during the forecast period. Growth in sales
of passenger vehicles in India was the fastest among the eight largest auto markets in the world in 2016. In
North America, the outlook in the U.S. and Canada remained promising and achieved high sales figures in 2016
and without any overriding concern of a slow down on the horizon in either market. The Middle East region and
countries in rest of the world, which include Brazil, Chile, Iran, Australia have gained global traction in the recent
time and is expected to remain at a forefront of market due to which several OEMs continue to explore local
manufacturing options in these countries.
The market is dominated by organized players
The adaptive cruise control market is majorly dominated by Tier 1 players having presence across the globe.
Some of the major players involved include Autoliv Inc., Continental AG, Denso Corporation, Delphi Automotive
PLC, Robert Bosch GmbH, Valeo SA, Hyundai Mobis, ZF Friedrichshafen AG, and Magna International Inc.
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