Automotive Adaptive Cruise Control Market Research Depth Study, Analysis, Growth, Trends, Forecast 2033

Overview and Scope

Automotive adaptive cruise control refers to a driver assistance technology that sets a maximum speed for vehicles and automatically slows the speed of the car when traffic is sensed in front of the vehicle. This device automatically adjusts a car’s speed to reduce the driver’s effort, and this technology allows the car to identify probable forward crashes and notify the driver. It is used to maintain adequate spacing between vehicles on the road, ensure road safety, avoid accidents, and enhance traffic flow.

Sizing and Forecast

The automotive adaptive cruise control market size has grown rapidly in recent years. It will grow from $20.84 billion in 2023 to $23.24 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%.  The  growth in the historic period can be attributed to regulatory mandates, rise in passenger car sales, economic growth, government support.

The automotive adaptive cruise control market size is expected to see rapid growth in the next few years. It will grow to $35.19 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%.  The growth in the forecast period can be attributed to increasing emphasis on vehicle safety, rising vehicle sales, rising connected vehicles, rising urbanization, rising disposable income. Major trends in the forecast period include enhanced sensor fusion, machine learning and ai integration, driver monitoring systems, long-range radar, cooperative adaptive cruise control (cacc).

To access more details regarding this report, visit the link:

https://www.thebusinessresearchcompany.com/report/automotive-adaptive-cruise-control-global-market-report

Segmentation & Regional Insights

The automotive adaptive cruise control market covered in this report is segmented –
1) By Component: LIN, CAN, ECU, MCU, Wire harness

2) By Technology: RADAR Sensor, LIDAR Sensor

3) By Mode Of Operation: Normal Adaptive Cruise Control System, Connected Adaptive Cruise Control System

4) By Vehicle: Passenger Vehicle, Commercial Vehicle

5) By Distribution Channel: OEM, Aftermarket

North America will be the largest region in the automotive adaptive cruise control market in 2023. The regions covered in the automotive adaptive cruise control market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=7384&type=smp

Major Driver Impacting Market Growth

The rise in the number of road accidents is expected to propel the growth of the automotive adaptive cruise control market going forward. A road accident refers to any incident that occurs on a road that causes injury due to crashes originating from, finishing with, or involving a vehicle partially or wholly on a public road. The automotive adaptive cruise control system helps in reducing road accidents by using technology that slows the traffic ahead and automatically adjusts the speed of the vehicles. For instance, in 2022, according to the Ministry of Road Transport and Highway, an India-based ministry, a total of 3.66k road accidents were reported by states and union territories, in which 13.17k people lost their lives and 3.48k people were injured. Therefore, the rise in the number of road accidents is driving the growth of the automotive adaptive cruise control market.

Key Industry Players

Major companies operating in the automotive adaptive cruise control market include  Magna International Inc, Continental AG, Denso Corporation, Hitachi Automotive Systems Ltd., Robert Bosch GmbH, Valeo SA, Hyundai Motor Company, ZF Friedrichshafen AG, Mando Corporation, Nidec Elesys America Corporation, Velodyne Lidar, Knorr-Bremse AG, Eaton Corporation plc, ADVICS Co Ltd, Visteon Corporation, Autoliv Inc., Delphi Automotive LLP, WABCO Holdings Inc., TRW Automotive Holdings Corp., Hella KGaA Hueck & Co., Mobileye N.V., Gentex Corporation, Aptiv plc, Infineon Technologies AG, NXP Semiconductors N.V., Texas Instruments Inc., STMicroelectronics N.V., Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corporation, Maxim Integrated Products Inc., Melexis NV, Sensata Technologies Inc., TE Connectivity Ltd., Panasonic Corporation, Toshiba Corporation

The automotive adaptive cruise control market report table of contents includes:

  1. Executive Summary
  2. Market Characteristics
  3. Market Trends And Strategies
  4. Impact Of COVID-19
  5. Market Size And Growth
  6. Segmentation
  7. Regional And Country Analysis

……….

  1. Competitive Landscape And Company Profiles
  2. Key Mergers And Acquisitions
  3. Future Outlook and Potential Analysis

    Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Good PR News

Recent Posts

Medical Terminology Software Market Share, Growth Opportunities, Demand Factors Report To 2033

The medical terminology software global market report 2024 from The Business Research Company provides comprehensive…

12 hours ago

Apples Market Expansion 2024-2033: Growth Drivers and Dynamics

The apples global market report 2024 from The Business Research Company provides comprehensive market statistics,…

12 hours ago

IP Video Surveillance And VSaaS Market Growth Analysis, Latest Trends And Business Opportunity 2024 To 2033

The ip video surveillance and vsaas global market report 2024 from The Business Research Company…

12 hours ago

Change And Configuration Management Market Expansion 2024-2033: Growth Drivers and Dynamics

The change and configuration management global market report 2024 from The Business Research Company provides…

12 hours ago

Generative AI In Gaming Market Share Analysis, Leading Players, Growth, Trends, And Forecast To 2033

The generative ai in gaming global market report 2024 from The Business Research Company provides…

12 hours ago

Electric Blankets Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033

The electric blankets global market report 2024 from The Business Research Company provides comprehensive market…

12 hours ago