Versatile Cruise Control Market : Global Industry Analysis and Forecast 2021 -2027 : By Vehicle, Operation, Technology and Region.

The Versatile Cruise Control Market is anticipated to reach US$ 4.63 Bn by 2027 from US$ 3 Bn in 2020 at a CAGR of 6.4% during a forecast period.

Global Versatile Cruise Control Market Overview

Versatile cruise control is the newest technology, which is installed in the vehicles to provide information regarding the surroundings, condition of the road around the vehicle and to adjust the speed of the vehicle. Versatile cruise control provides safety by reducing the rate of driving errors and maintaining the safe distance between the vehicles. It uses sensors, radars, or cameras fitted on the vehicle to collect the information accordingly and then helps to control the speed of the vehicle. Thus, the new technologies in the automobile industry across the globe are expected to drive the growth of the Versatile Cruise Control Market during the forecast period. The report provides a detailed study of key market dynamics, market segmentation and regional analysis. The market study contains detailed insights about how the Global Versatile Cruise Control Market is anticipated to grow during the forecast period. Global Versatile Cruise Control MarketTo Know About The Research Methodology :- Request Free Sample Report

Global Versatile Cruise Control Market Dynamics

The latest technologies in vehicles can detect errors in the system, obstacles of the road and around the vehicle and maintain the speed of the vehicles by using sensors. This information helps the driver to take preventive measures while driving, which saves time and effort during travelling. This in turn is expected to boost the versatile cruise control market globally. Similarly, initiatives are taken by governments for safety qualities and fuel efficiency of vehicles globally. Rising demand for advanced services, lightweight vehicles and increase in production of vehicles and growth in the global economy are the factors expected to drive the growth of for versatile cruise control market during the forecast period. Manufacturers are focusing more on installing electronic-based systems in the vehicles due to the demand for passenger safety, which is estimated to grow the versatile cruise control market globally. Demand for electric vehicles is increasing in the countries like India, China and Germany to sustain the environment and high prices of fuels. These electric vehicles have features like lane assist, vehicle distance recognition, which provides real-time information and share information with other vehicles, which can reduce road accidents. This, in turn, is expected to drive the growth of the versatile cruise control market during the forecast period. The factor, which can restrain the growth of the versatile cruise control market is the high installation cost of versatile cruise control.

Global Versatile Cruise Control Market Segmentation Analysis

Global Versatile Cruise Control Market Segmentation, by Vehicle:

The passenger vehicles segment accountsfor the largest CAGR of 21.2% in theversatile cruise control market and is expected to dominate the market during the forecast period due to the increase in the sale of passenger vehicles globally. An increase in demand for advanced features, new technologies and high disposable income are the factors for the growth versatile cruise control market globally. The growing interest of consumers towards safety and the need for comfortable features of the vehicleis expected to drive the growth versatile cruise control market during the forecast period.

Global Versatile Cruise Control Market Segmentation, by Operation:

Based on operation, the global versatile cruise control market can be divided into normal cruise control and connected cruise control. In normal cruise control,the desired speed is achieved by pressing the button once the speed is achieved. Then the normal cruise control maintains the desired speed. It is mostly used in mainstream new cars.In connected cruise control, the V2V technology is used, which shares the information through wireless communication.

Global Versatile Cruise Control Market Segmentation, by Technology:

The radar segment accounts for a 33.7% share in the global market of versatile cruise control and is expected to grow at a 52.8% share during the forecast period. These radar sensors identify the distance between the two vehicles and give a signal to the driver for safe driving of vehicles. Thus, increase concern for passenger safety is expected to drive the growth of the versatile cruise control market during the forecast period. Similarly,the LIDAR segment is also expected to grow due to the rising adoption of the versatile cruise control system in passenger and commercial vehicles.

Global Versatile Cruise Control Market Regional Analysis

Europe is accounted for the largest market with a share of 35.3% in 2019 in the versatile Cruise Control Market and is expected to hold the market share of XX% during the forecast period. North America is expected to hold the second-largest share in the versatile Cruise Control Market. The factors, which are driving the growth of the versatile Cruise Control Market are the stringent regulations by the government for road safety and energy-efficient vehicle implementation initiatives, increase in sale of passenger cars, and regulations made by the national highway traffic safety administration to install versatile cruise control system.Developed countries like Germany, the U.K., and France are major suppliers to the versatile cruise control market in the region due to the growing population and rise in the sale of passenger vehicles. The Asia Pacific is expected to witness steady growth over the forecast period due to the increasing government concern to reduce road accidents and fuel emission.

Global Versatile Cruise Control Market Scope: Inquire before buying

Global Versatile Cruise Control Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 3 Bn.
Forecast Period 2021 to 2027 CAGR: 6.4% Market Size in 2027: US $ 4.63 Bn.
Segments Covered: by Vehicle •Passenger vehicles • Commercial vehicles
by Operation • Normal cruise control • Connected cruise control
by Technology • LIDAR • Radar • Camera

Global Versatile Cruise Control Market by Region:

• North America • Asia pacific • Europe • Middle East and Africa • South America

Global Versatile Cruise Control Market: Key Players

• AUTOLIV INC. • CONTINENTAL AG • DELPHI AUTOMOTIVE PLC • DENSO CORPORATION • FORD MOTOR COMPANY • HYUNDAI MOBIS • MAGNA INTERNATIONAL INC • ROBERT BOSCH GMBH • WABCO • ZF FRIEDRICHSHAFEN • Mando Corporation • Delco Electronics • Hitachi Ltd • Nissan motor Company • Siemens VDO • Bendix • Hella • Koito Manufacturing • Automotive Lighting ZF • Valeo • Preco Electronics

Global Versatile Cruise Control Market

1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Versatile Cruise Control Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Versatile Cruise Control Market 3.4. Geographical Snapshot of the Versatile Cruise Control Market, By Manufacturer share 4. Global Versatile Cruise Control Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Versatile Cruise Control Market 5. Supply Side and Demand Side Indicators 6. Global Versatile Cruise Control Market Analysis and Forecast, 2020-2027 6.1. Global Versatile Cruise Control Market Size & Y-o-Y Growth Analysis. 7. Global Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 7.1.1. Passenger vehicles 7.1.2. Commercial vehicles 7.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 7.2.1. Normal cruise control 7.2.2. Connected cruise control 7.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 7.3.1. LIDAR 7.3.2. Radar 7.3.3. Camera 8. Global Versatile Cruise Control Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 9.1.1. Passenger vehicles 9.1.2. Commercial vehicles 9.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 9.2.1. Normal cruise control 9.2.2. Connected cruise control 9.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 9.3.1. LIDAR 9.3.2. Radar 9.3.3. Camera 10. North America Versatile Cruise Control Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 11.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 11.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 12. Canada Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 12.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 12.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 13. Mexico Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 13.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 13.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 14. Europe Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 14.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 14.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 15. Europe Versatile Cruise Control Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 16.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 16.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 17. France Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 17.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 17.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 18. Germany Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 18.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 18.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 19. Italy Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 19.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 19.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 20. Spain Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 20.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 20.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 21. Sweden Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 21.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 21.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 22. CIS CountriesVersatile Cruise Control Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 22.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 22.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 23. Rest of Europe Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 23.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 23.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 24. Asia Pacific Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 24.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 24.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 25. Asia Pacific Versatile Cruise Control Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & ForecastBy Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 26.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 26.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 27. India Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 27.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 27.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 28. Japan Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 28.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 28.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 29. South Korea Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 29.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 29.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 30. Australia Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 30.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 30.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 31. ASEAN Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 31.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 31.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 32. Rest of Asia Pacific Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 32.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 32.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 33. Middle East Africa Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 33.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 33.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 34. Middle East Africa Versatile Cruise Control Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 35.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 35.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 36. GCC Countries Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 36.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 36.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 37. Egypt Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 37.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 37.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 38. Nigeria Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 38.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 38.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 39. Rest of ME&A Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 39.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 39.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 40. South AmericaVersatile Cruise Control Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 40.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 40.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 41. South America Versatile Cruise Control Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 42.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 42.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 43. Argentina Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 43.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 43.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 44. Rest of South America Versatile Cruise Control Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & ForecastBy Vehicle, 2020-2027 44.2. Market Size (Value) Estimates & ForecastBy Operation, 2020-2027 44.3. Market Size (Value) Estimates & ForecastBy Technology, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Versatile Cruise Control Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Valeo 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. AUTOLIV INC. 45.5. CONTINENTAL AG 45.6. DELPHI AUTOMOTIVE PLC 45.7. DENSO CORPORATION 45.8. FORD MOTOR COMPANY 45.9. HYUNDAI MOBIS 45.10. MAGNA INTERNATIONAL INC 45.11. ROBERT BOSCH GMBH 45.12. WABCO 45.13. ZF FRIEDRICHSHAFEN 45.14. Mando Corporation 45.15. Delco Electronics 45.16. Hitachi Ltd 45.17. Nissan motor Company 45.18. Siemens VDO 45.19. Bendix 45.20. Hella 45.21. Koito Manufacturing 45.22. Automotive Lighting ZF 45.23. Valeo 45.24. Preco Electronics 46. Primary Key Insights

About This Report

Report ID 92212
Category Engineering Equipment
Published Date April 2021
Updated Date Jan 2022
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