The global SUV ACC digital signal processor market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022-2028). A digital signal processor is a type of microprocessor which is fabricated on metal oxide semiconductor integrated circuits and is used in different applications such as digital image processing, and telecommunications, among others. The major factor expected to drive the market growth is the increased emission regulations across the globe, and government regulations for reducing mandating exhaust gas recirculation (EGR) and harmful emissions on new vehicles. In addition, it is used in different applications such as digital image processing, telecommunications, audio signal processing, speech recognition systems, sonar, radar, among others. It is also used in consumer electronics, such as SUV touch screens, HDTV (high-definition television) products, disk drives, among others. These are some factors that propel the growth of the global SUV ACC digital signal processor market during the forecast period.
Additionally, by application segment, original equipment manufacturers (OEMs) is expected to hold significant share in the market during the forecast period owing to the rising popularity of sophisticated security measures, as well as government safety standards for automobiles. The companies are providing a lot of facilities in their cars such as ACC digital signal processing a part of powertrain controller offered by the key players.
Some major players in the market include Autoliv Inc., HELLA GmbH & Co. KGaA, and Robert Bosch GmbH, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in September 2019, Autoliv, Inc. entered into a partnership with Great Wall Motor Co. Ltd. a key SUV manufacturer in China. The partnership is to support the growth of Haval and Wey, the two international SUV brands of Great Wall, and to enhance their features in safety. Further, the company added that they will jointly set up a North American road safety research lab which will combine the global technical and testing resources of both parties and focus on the North American market, at the same time, align with the regulations from road safety authorities.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Autoliv Inc., HELLA GmbH & Co. KGaA, and Robert Bosch GmbH, among others.
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Global SUV ACC Digital Signal Processor Market Report by Segment
By Type
- Original Equipment Manufacturers (OEMs)
- Aftermarket
By Application
- 5 Seats
- 7 Seats
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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