Enjoy complimentary customisation on priority with our Enterprise License!
Mainly influenced by the population shift from rural to urban areas, original equipment manufacturers (OEMs) are focusing on the development of autonomous vehicles. Additionally, demographic shifts and personal value will increase the preference for autonomous vehicles. Technavio's market study identifies the increasing focus of OEMs on autonomous vehicles to be one of the primary growth factors for the commercial vehicle cruise control system market. OEMs are focused on developing enhanced cruise control features such as adaptive cruise control and predictive and intelligent cruise control system. Since autonomous systems facilitate quality vehicle functions without human intervention, there will be an increasing preference towards the adoption of commercial vehicle cruise control systems. Our market analysts estimate that by volume, this market will grow steadily at a CAGR of close to 6% by 2021.
Owing to technology developments and reasonable prices, OEMs are focusing on equipping their commercial vehicle fleet with cruise control system. Cruise control systems are equipped in light-duty and heavy-duty commercial vehicles to enhance comfort and safety to reduce the number of fatalities. Additionally, OEMs are also focusing on equipping the top variants of passenger cars with cruise control systems. According to our industry research and analysis, the deployment of cruise control in commercial vehicles will be one of the key trends that will gain traction in the commercial vehicle cruise control system market in the coming years.
The commercial vehicle cruise control system market appears to be highly concentrated owing to the presence of several global and regional players. Key players dominate the automotive adaptive cruise control system market and have mass production facilities and established distribution networks. These players are investing significantly in R&D to meet the growing demand for advanced safety features. The competitive environment is intense and the vendors in this marketspace mainly compete based on factors such as quality, pricing, availability, and R&D.
The leading vendors in the market are
The other prominent vendors in the market are Autoliv, WABCO, and ZF Friedrichshafen.
The LCV segment accounted for the major share of this automotive adaptive cruise control system market during 2016. Developed regions such as the US and European countries witness the high penetration of adaptive cruise control system that act as a collision prevention system. LCVs including panel vans, pickup trucks, and minivans are primarily used for business purposes as they facilitate last-mile connectivity and are equipped with cruise control system.
The Americas will be the major revenue contributor to the commercial vehicle cruise control system market due to the widespread adoption of cruise control system in this region. For instance, popular pickup trucks such as Ford F-series and Chevrolet Silverado are the top revenue-earning pickup trucks as they are equipped with cruise control technology. OEMs in the region are focusing on integrating upgraded cruise control systems to cater to the growing demand for cruise control systems in this region.
Technavio also offers customization on reports based on specific client requirement.
This industry research report on the global commercial vehicle cruise control system market by Technavio is an integral part of the automotive portfolio and offers insights into the major trends and evolving drivers inducing the growth of the automotive electronics industry. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various automotive electronics products and services and offers an all-inclusive picture of the global commercial vehicle cruise control system market for the estimated period of 2017-2021.
This upcoming market research report on the global commercial vehicle cruise control system market also covers vendors like Knorr Bremse, Bendix, DURR, DAF, WABCO, Delphi, Bosch, ZF, Autoliv Inc., Continental AG, and Denso. To offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global commercial vehicle cruise control system market also covers geographies like the Americas, APAC, and EMEA.
As per our market research experts, growth of autonomous vehicle and increase in driving convenience may influence the demand for commercial vehicle cruise control system in the coming years. Our market research analysis includes qualitative and quantitative research techniques like vendor analysis, drivers, challenges, and trend analysis. Additionally, an analysis of the market share and market size using statistical models is also carried out to help clients develop active growth strategies and keep pace with the frequently changing market landscape.
The upcoming industry report on the global commercial vehicle cruise control system market also offers insights into fast-growing segments within the automotive industry, including sectors like automotive manufacturing and wheels and tires. Furthermore, this report also presents insights into the varying competitive landscape to give clients a realistic picture of the future direction of the industry.
Our market research methodology for the commercial vehicle cruise control system market
Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Introduction
PART 04: Market landscape
PART 05: Market segmentation by application
PART 06: Geographical segmentation
PART 07: Key leading countries
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.