Market Survey: Global Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) Market is expected to grow at a CAGR of 17.3% during the forecast period of (2018 – 2023)

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Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD)

Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) Market research report (2018 – 2023) studies market insights, List of major Key players, buyers, threats of new entrants and substitute products. Also, Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) market includes the various market dynamics like Drivers, Restraints, and Opportunities globally. The research report involved the various affecting factors like market growth, market share, competitive intelligence and growth opportunity.

Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) Market report is expected to register a CAGR of 17.3% over a five years forecast period.”

List of Major Key players operating in the Global Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) Market are –

  • Autoliv
  • Continental AG
  • Delphi Automotive PLC
  • Denso Corporation
  • Hyundai Mobis
  • Magna International
  • Mando Corporation
  • Robert Bosch
  • TRW Automotive
  • Valeo
  • ZF-TRW
  • Volvo

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The market is poised to grow at a CAGR of 17.3% during the forecast period. The BSD system recognizes vehicles located behind the driver and his side using sensors mounted on either the outside rearview mirror or on the A-pillar. The driver is alerted about the presence of the other vehicle by the flashing indicator and an audible signal. Blind spots are especially applied in large vehicles, such as trucks, commercial vans, as well as aircraft and motorboats.

Adaptive Cruise Control (ACC) is an intelligent version of the conventional cruise control system, useful in maintaining and controlling the desired vehicle speed. This system slows down and speeds up automatically to maintain the pace of the vehicle in relation to the surrounding vehicles. These systems operate using sensors and lasers to control the speed of vehicles, rather than using any satellite, infrastructure, or cooperative support from other vehicles. The main impact of the ACC is on the driver’s safety since the distance is adjusted according to the traffic conditions. The overall process is achieved through a radar headway sensor, longitudinal controller, and digital signal processor. The market for ACC systems is expected to grow at a CAGR of more than 20% during the forecast period.

Technological Limitations to Hinder the Growth

Both BSD and ACC have great potential to keep passengers safe and increase driver’s convenience, but there are issues that have to be worked on in regards to performance. In addition, drivers are required to be well informed to fully utilize the potential of these systems. Furthermore, ACC is assisted with a pre-crash system that alerts the driver (and begins braking in case of a potential impact), making the system considerably expensive. BSD systems face difficulty in detecting fast-moving vehicles, especially on busy streets and highways. Alerts are often provided too late for action.

Asia-Pacific to Fuel the Market Growth

The Asia-Pacific region is expected to contribute significantly to the growth of both BSD and ACC markets. Factors such as increasing vehicle sales, especially premium vehicles, along with the increase in safety installations per vehicle, will contribute to the growing demand for BSD and ACC systems. However, the bulk market share is captured by North America, occupying around 32% of the total market as of 2016. The United States New Car Assessment Program (US NCAP) by National Highway Traffic Safety Administration (NHTSA) has brought to focus many increased concerns for consumers and drivers installing these systems. In addition, improvements in the rating system will further effect a positive change in the safety features of the vehicles.

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Global Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2018-2023):

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
  • Asia Pacific (China, Japan, India, Southeast Asia and Australia)
  • Latin America (Brazil, Argentina and Colombia)
  • The Middle East and Africa

Key Questions Answered About Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) Market:

  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) market for selective countries?
  • Which region or sub-segment is selected is expected to drive the market in the forecast period?
  • What factors are estimated to drive and restrain the market growth?
  • What are the key technological and Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) market trends shaping the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?

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Reasons to Purchase Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) Market Report:

  • The report analyses how stringent emission control norms will drive the global Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

Scope of the Report:

The report analyses Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) market, which includes –

  • Analysis of the growth of Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

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