Global Automotive Adaptive Cruise Control Market Size, Share and Trends Analysis, By Type (Connected Adaptive Cruise Control System and Normal Adaptive Cruise Control System), By Application (Passenger Vehicles and Commercial Vehicles), Forecast (2022-2028)

The global automotive adaptive cruise control market is estimated to grow at a CAGR of 9.0% during the forecast period. The whole driving experience has improved tremendously as a result of technology developments, making it safer and more user-friendly. Similarly, one of the technological breakthroughs that has made driving easier is the adaptive cruise control (ACC) system. In traditional cruise control technology, the driver set the maximum speed and the cruise control maintained it regardless of the vehicles ahead of them. Adaptive cruise control allows the driver to select the maximum speed and the car automatically accelerates and decelerates in response to the vehicles around it. Electronic sensors are used to make this happen. The radar sensors identify any nearby vehicles or potential impediments and adjust the speed accordingly.

Driving has become easier on highways and in congested areas owing to advancements in adaptive cruise control systems. The market has grown as a result of significant R&D expenditure. Sensor failure in adaptive cruise control systems could limit market growth. Furthermore, customers’ increasing demand for safety and advanced driver aid systems may fuel market growth. Autonomous and semi-autonomous vehicles have been popular in the automobile industry.

The use of adaptive cruise control systems will increase as the manufacturing of autonomous and semi-autonomous vehicles increases. As it includes capabilities such as hands-free driving, the ACC system plays a significant role in autonomous and semi-autonomous vehicles. Tesla released the Tesla Model 3, which has features such as Traffic-Aware Cruise Control (TACC). General Motors is also working on a next-generation semi-autonomous driving technology known as “Ultra cruise.” The rise in the number of vehicles and people’s income has been facilitated by industrialization. People’s living standards have improved in industrialized economies. This has resulted in a rise in luxury automobile sales and manufacturing. ACC being installed in the majority of luxury vehicles, which in turn, is contributing to the growth of the global automotive adaptive cruise control market.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Applications
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Autoliv, Inc., Magna International, and Valeo S.A., among 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 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?

Global Automotive Adaptive Cruise Control Market Report by Segment

By Type

• Connected Adaptive Cruise Control System
• Normal Adaptive Cruise Control System

By Application

• Passenger Vehicles
• Commercial Vehicles

Global Automotive Adaptive Cruise Control Market Report by Region

North America

• US
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle-East and Africa