Reports
Global Automotive Adaptive Cruise Control Market: By Type: Normal Adaptive Cruise Control, Connected Adaptive Cruise Control; By Vehicle: Passenger Cars, Commercial Vehicles; By Component; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Automotive Adaptive Cruise Control Market Outlook
The global automotive adaptive cruise control is expected to grow at a CAGR of about 14.50% in the forecast period of 2023-2028, driven by the rapid shift toward a better lifestyle and preference for high-end cars.
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North America and Europe to be Significant Regional Markets for Automotive Adaptive Cruise Control
North America and Europe are the largest regional markets for adaptive cruise control system suppliers. The shift toward a better lifestyle and preference for high-end cars are driving the demand for the advanced cruise control system in developing economies. Europe is a hub for luxury cars and automotive research and innovation, boosting the market size. Moreover, the industry is fuelled by the region's booming economy, which is vital to the ACC market's expansion. The growing passenger car markets in France, Germany, the United Kingdom, and Italy support the regional market growth.
Due to increased car manufacturing and strict government safety standards, North America is one of the most significant automotive adaptive cruise control markets. Major technological advancements in production techniques and product development are responsible for the biggest market share. Also, well-known industry players and automakers, and the early adoption of modern ACC systems, propel regional market expansion.
On the other hand, Asia Pacific is expected to have the highest CAGR for the forecast period due to the growth and expansion of the automobile sector, increased demand for luxury cars, and increasing personal disposable income. The Asia Pacific region includes emerging markets like Thailand, India, and China. The factors, such as the rising demands for premium and luxury cars in such regions, effectively affect the overall growth of the global adaptive cruise control system industry.
Automotive Adaptive Cruise Control: Market Segmentation
The adaptive cruise control system is a one-of-a-kind driver assistance technology that aids in maintaining a safe distance between two vehicles. The adaptive cruise control system in the car regulates the vehicle's speed to maintain a safe distance from vehicles ahead. The car's speed is modified automatically by slowing it down or speeding it up.
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By type, the market includes:
- Normal Adaptive Cruise Control
- Connected Adaptive Cruise Control
Based on vehicle, the market is divided into:
- Passenger Cars
- Commercial Vehicles
The various components in the market are:
- LiDAR
- RADAR
- Others
The regional markets for the automotive adaptive cruise control industry can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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Rising Number of Accidents Augmenting the Market Growth
The rise of the global automotive adaptive cruise control industry can be attributed to an increase in the frequency of road accidents, a rise in the demand for luxury cars, and a rise in passenger safety awareness. An upsurge in demand for efficient passenger safety mechanisms, rising technological advancements in the advanced cruise control systems, rising population, and rising personal disposable income will further create lucrative growth opportunities for the automotive adaptive cruise control industry. Another driving factor is the rising usage of sensors as technology advances. Various government attempts to increase vehicle fuel efficiency and safety qualities encourage manufacturers to implement such integrated systems to ensure safety and compliance with regulatory laws. Enormous investments to improve automotive safety technologies in the United Kingdom and Germany influence the regional market's growth. Many automotive suppliers and OEMs are focusing on developing advanced adaptive cruise control. Key manufacturers are forming strategic alliances with local dealers and automotive manufacturers to expand their business in countries where stringent regulations restrict them from exporting these systems, thereby propelling the global market growth.
Key Players in the Global Automotive Adaptive Cruise Control Market
The report gives a detailed analysis of the following key players in the global automotive adaptive cruise control industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Continental AG
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Mando Corporation
- Valeo
- Delphi Technologies (BorgWarner Inc.)
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Vehicle |
|
| Breakup by Component |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Adaptive Cruise Control Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Adaptive Cruise Control Historical Market (2018-2022)
8.3 Global Automotive Adaptive Cruise Control Market Forecast (2023-2028)
8.4 Global Automotive Adaptive Cruise Control Market by Type
8.4.1 Normal Adaptive Cruise Control
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Connected Adaptive Cruise Control
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Automotive Adaptive Cruise Control Market by Vehicle
8.5.1 Passenger Cars
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Commercial Vehicles
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Automotive Adaptive Cruise Control Market by Component
8.6.1 LiDAR
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 RADAR
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Others
8.7 Global Automotive Adaptive Cruise Control Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Automotive Adaptive Cruise Control Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Automotive Adaptive Cruise Control Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Automotive Adaptive Cruise Control Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Automotive Adaptive Cruise Control Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Automotive Adaptive Cruise Control Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Continental AG
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Robert Bosch GmbH
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 ZF Friedrichshafen AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Mando Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Valeo
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Delphi Technologies (BorgWarner Inc.)
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Automotive Adaptive Cruise Control Market: Key Industry Highlights, 2018 and 2028
2. Global Automotive Adaptive Cruise Control Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Automotive Adaptive Cruise Control Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Automotive Adaptive Cruise Control Historical Market: Breakup by Vehicle (USD Billion), 2018-2022
5. Global Automotive Adaptive Cruise Control Market Forecast: Breakup by Vehicle (USD Billion), 2023-2028
6. Global Automotive Adaptive Cruise Control Historical Market: Breakup by Component (USD Billion), 2018-2022
7. Global Automotive Adaptive Cruise Control Market Forecast: Breakup by Component (USD Billion), 2023-2028
8. Global Automotive Adaptive Cruise Control Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Automotive Adaptive Cruise Control Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Automotive Adaptive Cruise Control Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Automotive Adaptive Cruise Control Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Automotive Adaptive Cruise Control Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Automotive Adaptive Cruise Control Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Automotive Adaptive Cruise Control Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Automotive Adaptive Cruise Control Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Automotive Adaptive Cruise Control Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Automotive Adaptive Cruise Control Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Automotive Adaptive Cruise Control Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Automotive Adaptive Cruise Control Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Automotive Adaptive Cruise Control Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 14.50% between 2023 and 2028.
The major drivers of the market include increased car manufacturing, rise in passenger safety awareness, technological advancements, rising population, rising personal disposable income, strict government regulations, and enormous investments to improve automotive safety.
An increase in the frequency of road accidents and a rise in the demand for luxury cars are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different types include normal adaptive cruise control and connected adaptive cruise control.
The market is divided into passenger cars and commercial vehicles based on vehicles.
The various components in the market are LiDAR and RADAR, among others.
The major players in the industry are Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Mando Corporation, Valeo, and Delphi Technologies (BorgWarner Inc.), among others.
Analyst Review
The increase in road accidents is driving the global automotive adaptive cruise control market. Aided by the strict government regulations and the rise in the demand for luxury cars, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 14.50%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The different types include normal adaptive cruise control and connected adaptive cruise control. The market is divided into passenger cars and commercial vehicles based on vehicles. The various components in the market are LiDAR and RADAR, among others. The major regional markets for automotive adaptive cruise control are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market are Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Mando Corporation, Valeo, and Delphi Technologies (BorgWarner Inc.), among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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