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.

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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.

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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
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