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Vancouver, British Columbia, March 04, 2021 (GLOBE NEWSWIRE) -- The Global Adaptive Cruise Control Market is expected to accumulate nearly USD 62.36 billion ...

The leading Adaptive Cruise Control industry participants include Robert Bosch GmbH, ZF Friedrichshafen AG, DENSO Corporation, Continental AG, Valeo SA, Autoliv Inc., Mando Corporation, Delphi Automotive LLP, Velodyne Lidar, Inc., Magna International Inc., Hyundai Mobis Co. Ltd., and Delphi Automotive PLC.Vancouver, British Columbia, March 04, 2021 (GLOBE NEWSWIRE) -- The Global Adaptive Cruise Control Market is expected to accumulate nearly USD 62.36 billion by 2027 at a CAGR of 20.8%, according to the latest study by Emergen Research. The growth of this market is spurred by the escalating sales of luxury automobiles, rising demand for state-of-the-art automotive electronics, the growing need for automotive fuel-efficiency, and a rise in government endeavors to promote the adoption of electric vehicles. The increasing rate of road mishaps worldwide due to augmented traffic and lack of safety measures, the incorporation of collision avoidance and advanced braking systems in present-day automobiles, stringent government regulations concerning road and passenger safety, and manufacturers’ rising focus on introducing advanced automotive safety features complying with regulatory norms are some other vital parameters contributing to the global adaptive cruise control market growth.Claim Your FREE Sample Copy with Table of content@ https://www.emergenresearch.com/request-sample/188 Adaptive cruise control (AAC), also known as autonomous cruise control, is an advanced driver-assistance system equipped with laser sensors and cameras that enable the vehicle to detect other vehicles ahead and automatically adjust its speed to avoid collisions. It is a safety feature that efficiently controls the braking and acceleration of a vehicle. The ACC technology is considered an intelligent feature for cars of future generations. It has proven efficient in maintaining a safe distance between road vehicles and reducing accident risks. Hence, adaptive cruise control has improved drivers’ safety and comfort, enhancing the overall driving experience. Some of the leading car brands offering this feature include BMW 3 Series, Toyota Corolla Hatchback, Nissan Altima, and Hyundai Sonata. The expanding transportation & logistics sector, increasing adoption of technologically advanced cruise control systems, and the soaring disposable incomes of consumers further propel the demand for adaptive cruise controls. However, sensor failures caused by extreme weather conditions like intense fog and thunderstorms and escalating costs of advanced automotive features are certain factors predicted to hamper the global adaptive cruise control market growth over the estimated timeframe. Key Highlights of the Report: The global adaptive cruise control market is segmented into assisting systems, predictive systems, and multi-sensor systems based on type. The assisting systems segment is expected to lead the global market over the forecast timeline in terms of revenue, exhibiting a robust 21.1% CAGR. The highly efficient features of assisting systems, such as lane centering, proximity alerts, and brake assistance, have fueled their demand worldwide.The global market is broadly segmented into commercial vehicles and passenger cars based on vehicle type. The passenger cars sub-segment is foreseen as the most dominant segment over the forecast years, with a CAGR of 21.2%. The rising demand for premium, fuel-efficient passenger cars and their skyrocketing sales are boosting the growth of this segment.Among the key market regions, Europe is poised to lead the global adaptive cruise control market in the coming years, owing to the rising production of automobiles in the region and the presence of renowned automotive manufacturers, such as Continental AG, Robert Bosch GmbH, Valeo SA, and ZF Friedrichshafen.The leading industry participants include Robert Bosch GmbH, ZF Friedrichshafen AG, DENSO Corporation, Continental AG, Valeo SA, Autoliv Inc., Mando Corporation, Delphi Automotive LLP, Velodyne Lidar, Inc., Magna International Inc., Hyundai Mobis Co. Ltd., and Delphi Automotive PLC.In September 2020, MG Motor announced the upcoming launch of its new luxury SUV Gloster in India. The new MG Gloster features an adaptive cruise control system that automatically controls the car’s speed with no input from the driver. Lane Departure Warning (LDW), Front Collision Warning (FCW), Auto Park Assist (APA), and Blind Spot Monitor (BSM) are the other significant features of the new vehicle. Check Our Prices@ https://www.emergenresearch.com/select-license/188For the purpose of this report, the global adaptive cruise control market has been segmented on the basis of type, vehicle, technology, and region:Type Outlook (Revenue, USD Billion; 2017-2027) Assisting SystemsPredictive SystemsMulti-sensor Systems Vehicle Outlook (Revenue, USD Billion; 2017-2027) Commercial VehiclesPassenger Cars Technology Outlook (Revenue, USD Billion; 2017-2027) LiDARRadarImageUltrasonic Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/adaptive-cruise-control-market By Region (Revenue: USD Billion; 2017-2027) North America U.S.Canada Europe GermanyU.K.FranceBENELUXRest of Europe Asia Pacific ChinaJapanSouth KoreaRest of Asia Pacific Latin America BrazilRest of Latin America Middle East & Africa Saudi ArabiaU.A.E.Rest of Middle East & Africa Take a Look at our Related Reports: Spherical graphite market size was valued at USD 2,435.8 Million in 2019 and is forecasted to reach USD 9,598.8 Million by 2027 at a CAGR of 18.6%. The spherical graphite market is observing a double-digit growth attributed to its increasing usage in lithium-ion battery production. Sodium dichromate market size was valued at USD 759.2 Million in 2019 and is forecasted to reach USD 1,242.4 Million by 2027 at a CAGR of 6.3%. The sodium dichromate market is observing high demand attributed to its increasing application in pigment, metal finishing, chromium compounds preparation, leather tanning, and wood preservative. Acoustic insulation market size was valued at USD 12.94 Billion in 2019 and is forecasted to reach USD 19.64 Billion by 2027 at a CAGR of 5.3%. The acoustic insulation market is observing high demand attributed to its increasing application in building & construction, automotive, aerospace, and manufacturing. About Emergen Research Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors. Contact Us: Eric Lee Corporate Sales Specialist Emergen Research | Web: www.emergenresearch.com Direct Line: +1 (604) 757-9756 E-mail: [email protected] Facebook | LinkedIn | Twitter | Blogs Read Full Press Release@ https://www.emergenresearch.com/press-release/global-adaptive-cruise-control-market

New York, USA, March 01, 2021 (GLOBE NEWSWIRE) -- As per a recent report by Research Dive, the global smart mirror market is anticipated to reach $4,028.3 ...

Shares of Fisker rose in the extended session Thursday after the electric-car startup posted a narrower quarterly loss and said it remained on track to start...

The deal promises to yield more than 250,000 affordable electric cars per year starting in 2023.

The automotive door hinges market is likely to continue an upward spiral, with global sales likely to exceed 142 Mn units in 2019. The demand for automotive

Electric-car maker Fisker Inc said it will work with Apple Inc supplier Foxconn to produce more than 250,000 vehicles a year beginning in late 2023, sending its shares up 18 percent.

The deal, codenamed “Project PEAR” (Personal Electric Automotive Revolution), is looking at markets globally, including North America, Europe, China and India, Fisker said.

BENGALURU: Electric-car maker Fisker Inc said it will work with Apple Inc supplier Foxconn to produce more than 250,000 vehicles a year beginning in l...

Foxconn aims to provide components or services to 10% of the world`s EVs by 2025-2027, and has been in talks with multiple car manufacturers for future cooperation, Chairman Liu Young-way said in October. "Project PEAR" (Personal Electric Automotive Revolution), is looking at markets globally including North America, Europe, China and India.

Foxconn, the world’s biggest electronics manufacturer, and Fisker have signed a memorandum of understanding to jointly produce more than 250,000 vehicles a year.

Foxconn, the world’s biggest electronics manufacturer, and Fisker have signed a memorandum of understanding to jointly produce more than 250,000 vehicles a year.

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(Bloomberg) -- REE Automotive, an electric-vehicle technology startup, has agreed to go public through a merger with blank-check company 10X Capital Venture Acquisition Corp.The transaction includes a $300 million private investment in public equity, or PIPE, and gives the combined entity an enterprise value of about $3.1 billion, according to a statement confirming an earlier report by Bloomberg News. REE’s existing investors will own more than 80% of the combined company.REE, a Tel Aviv-based firm led by co-founder Daniel Barel, makes technology to integrate all drive components into the arch of the wheel and flat, modular chassis for autonomous delivery trucks, shuttles and robo taxis. The company says its platform can be used for battery or fuel cell-powered vehicles.“Merging with a SPAC and becoming public is an important gateway that gives us the ability to scale up and meet demand,” Barel said in an interview. “We are here to deliver what we believe can be the cornerstone for e-mobility for the next century.”REE will supply crucial parts to EV makers that don’t have the full spectrum of components in-house. By outsourcing, they can bring models to market more quickly and at a fraction of the cost, Barel said.10X Capital shares soared about 50% before the start of regular trading in New York.In August, REE signed a memorandum of understanding with Mahindra & Mahindra Ltd., an India-based manufacturer, to develop and produce as many as 250,000 EVs. In November, it inked a partnership with Iochpe-Maxion SA to manufacture and develop a wheel design and chassis technology. REE also has tie-ups with Mitsubishi Corp., American Axle & Manufacturing Holdings Inc., KYB Corp., Musashi Seimitsu Industry Co. and NSK Ltd.REE expects to have 16 assembly plants in locations such as the U.S., Germany and Japan by 2026, with annual capacity of about 600,000 units. It hopes to begin mass production next year, and has signed MOUs for orders worth $5.1 billion through 2026.The 10X Capital SPAC, affiliated with the New York-based investment firm of the same name, is led by Chairman and CEO Hans Thomas. In November, it raised a little over $200 million in an initial public offering, saying at the time that it would focus on finding high-growth technology and tech-enabled businesses in the U.S. and abroad. PIPE investors supporting the transaction include Koch Strategic Platforms, Mahindra & Mahindra and Magna International Inc.“REE solves a critical issue in the EV space, we’ve seen them get a lot of traction and were able to get comfort around the valuation,” said 10X’s Thomas. “They’ve got best-in-breed partners that can help them manufacture at scale without having to invest billions of dollars and have a significant head start that’s going to create a competitive moat.”Cowen Inc. was the lead financial advisor to REE, while Wells Fargo Securities and JVB Financial Group advised 10X. Morgan Stanley is the lead placement agent on the PIPE offering.A flood of EV and related companies have agreed to go public through SPACs, including Arrival Ltd., Lion Electric, EVgo Services LLC, Faraday & Future, Lightning EMotors and Microvast.(Updates with information from company confirmation from first paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.