Global Adaptive Cruise Control Systems Market to Reach 6.9 Million Units by 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Adaptive Cruise Control Systems market. Annual installations of Adaptive Cruise Control Systems worldwide are projected to reach 6.9 million units by the year 2017, driven largely by steady gains in automobile production, growing demand for new cars in developing countries, scheduled development and roll out of new feature-rich vehicle models, and tightening regulatory riders for automotive safety.

Adaptive Cruise Control Systems: A Global Strategic Business Report

Follow us on LinkedIn – Technological advancements geared towards preventing collisions with other vehicles is considered as a major revolution in the automobile industry. Given the ability to significantly reduce the number of accidents arising from lane mergers, sudden deceleration/acceleration, Adaptive Cruise Control (ACC) systems have been gaining in significance over the years. ACC systems adorn many trucks and passenger cars in North America, Europe, and in the Far East, marking the dawn of a new era in vehicle safety, on roads. Modern intelligent ACC systems help drivers gauge the distance and speed of the vehicle in front and accordingly control and maintain their own speed to avoid collisions. These systems feature the ability to maintain a pre-set speed and also automatically adjust vehicle speeds in order to maintain appropriate distance between vehicles traveling in the same lane. Armed with a radar or laser, which is installed in front of a vehicle, the ACC system detects the speed and distance of a vehicle in front. On identifying obstructions in the vehicle’s flight path and changes in speed of the vehicles in front, the system transmits a signal to the engine and/or the braking system, which automatically slows down the car without the driver’s intervention. World market for ACC systems is dependent on the production levels and health of the automotive industry.

The automobile industry worldwide witnessed a strong rebound in production and demand following the decline witnessed during the 2007-2009 recession. Strong economic headwinds from the eurozone's debt crisis, which involves economic heavyweights such as Italy, Spain and Germany, are marring business sentiments in the European region, which rallied up following an otherwise encouraging resurgence of growth. Nervous over the play out of the sovereign debt crisis drama, the automotive industry in Europe is facing immediate hurdles, such as, credit restriction, consumer indecisiveness, fear of slowing vehicle sales, high labor costs, and possible collapse of consumer confidence in the event of escalation in the severity of the debt crisis. Bearish market sentiments indicate that continued multiple defaults by debt ridden economies could trigger a collapse of the Euro as a common currency.

The return to local currency, although currently not seen as likely, can spell doom pushing the automobile industry into a complete meltdown like the one witnessed during the 2007-2009 recession. The odds however are in favor of the automobile industry given the current guarded optimism over the government’s latest attempts to rein in the debt crisis, which in effect discounts the impact of a possible Eurozone crisis, which is still not confirmed as a technical recession. Also, the 2007-2009 recession inspired adoption of leaner inventory holding strategies and restructured cost bases, and shrewd expansion into developing countries to minimize risk exposure in the domestic market, now has the automotive industry in the region better equipped to weather a possible Eurozone slowdown.

In the medium to long term, growth in the ACC systems market will be driven by the level of consumer awareness on driving comfort and safety. Knowledge on availability, benefits and capabilities of ACC systems translates into consumer willingness to pay for the technology in cars and is thus a key growth driver. In this regard, manufacturers stand to benefit from the growing customer appetite for latest automotive technologies, which has and will continue to render hitherto optional features as standard accessories. With efforts to integrate ACC systems into mid-range cars high on the priority list of many a manufacturer; optimism prevails over future growth opportunities in the market. Further, regular revision of federal standards will force automobile manufacturers to intensify their efforts on enhancing their safety systems and introduce products into the market ahead of regulations and most importantly ahead of competitors.

As stated by the new market research report on Adaptive Cruise Control Systems, Japan continues to remain the largest regional market in the world market largely as a result of crowded roads, high safety awareness, and significant research activity taken up by Japanese auto companies. Developing countries in Asia-Pacific, Middle East and Latin America are projected to post the strongest gains in the coming years. Although in many countries, ACC systems are not covered under any law; new legislations are forecast to be framed in the medium to long term after successful commercial realization of benefits from the technology. Passenger cars represent the largest end-use segment for ACC systems, accounting for a lion’s share of the market. Commercial Vehicles segment is the fastest growing end-use market, displaying a CAGR of 15.9% over the analysis period.

Major players in the marketplace include Autoliv Inc, Continental AG, Delphi Corporation, Denso Corporation, Nissan Motor Company, Robert Bosch GmbH, TRW Automotive Holdings Corp., Autocruise, WABCO Belgium BVBA, and select component suppliers such as e2v Technologies (UK), M/A-COM Technology Solutions, Omron Corporation, among others.

The research report titled “Adaptive Cruise Control Systems: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. End-Use segments analyzed include Passenger Cars and Commercial Vehicles. Data analysis is presented for all major geographic markets including the United States, Canada, Japan, Europe, and Rest of World.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Adaptive_Cruise_Control_Systems_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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