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North America Adaptive Cruise Control (ACC) Market Size, Share & Trends Analysis Report By Product Sales (OEMs (Original Equipment Manufacturers) and Aftermarket), By Type, By Component, By Vehicle Type, By Country and Growth Forecast, 2024 - 2031

Publisher Knowledge Based Value (KBV) Research
Published Nov 08, 2024
Length 129 Pages
SKU # KBV19312507

Description

North America Adaptive Cruise Control (ACC) Market Size, Share & Trends Analysis Report By Product Sales (OEMs (Original Equipment Manufacturers) and Aftermarket), By Type, By Component, By Vehicle Type, By Country and Growth Forecast, 2024 - 2031


The North America Adaptive Cruise Control (ACC) Market would witness market growth of 16.2% CAGR during the forecast period (2024-2031).

The US market dominated the North America Adaptive Cruise Control (ACC) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $9,400.3 million by 2031. The Canada market is experiencing a CAGR of 18.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 17.7% during (2024 - 2031).

ACC is an advanced driver assistance system (ADAS) designed to enhance vehicle safety and improve driving convenience. It is an evolution of traditional cruise control, automatically adjusting a vehicle's speed in response to traffic conditions. By maintaining a safe following distance from the car ahead, ACC can speed up or slow down the vehicle without any input from the driver, making long-distance driving, highway travel, and stop-and-go traffic less stressful.

Adaptive cruise control is widely implemented in various automotive applications, from traditional vehicles to electric vehicles (EVs), hybrids, and autonomous cars. One of the primary applications of ACC is on highways, where it offers convenience and reduces driver fatigue. The system enables vehicles to maintain a set speed and adjust their pace according to traffic flow. ACC alleviates the need for constant manual speed adjustments for long-distance travel, particularly in traffic congestion.

Mexico is emerging as a key hub for automotive innovation in North America. In recent years, global automotive manufacturers have increased their investments in Mexico’s manufacturing facilities, spurred by lower production costs and proximity to key markets like the U.S. With such investments comes the need to upgrade production lines to incorporate advanced technologies like ACC. Canada's adaptive cruise control (ACC) market is poised for significant growth, driven by various factors, including the country’s road safety challenges and evolving consumer demand for advanced vehicle technologies. As highlighted by the Canadian government, road safety remains a pressing concern, with 1,768 motor vehicle fatalities recorded in 2021—a 1.3% increase compared to the previous year. In conclusion, Mexico and Canada present unique and promising opportunities for the market's growth, driven by their automotive industries and increasing safety concerns.

Based on Product Sales, the market is segmented into OEMs (Original Equipment Manufacturers) and Aftermarket. Based on Type, the market is segmented into Standalone ACC and Integrated ACC. Based on Component, the market is segmented into Radar Sensors, LIDAR Sensors, Ultrasonic Sensors, and Cameras & Others. Based on Vehicle Type, the market is segmented into Passenger Car and Commercial Vehicle. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • Autoliv, Inc.
  • Magna International, Inc.
  • Robert Bosch GmbH
  • Continental AG
  • Denso Corporation
  • Valeo SA
  • Aptiv PLC
  • ZF Friedrichshafen AG
  • Tesla, Inc.
  • Nidec Motor Corporation
North America Adaptive Cruise Control (ACC) Market Report Segmentation

By Product Sales
  • OEMs (Original Equipment Manufacturers)
  • Aftermarket
By Type
  • Standalone ACC
  • Integrated ACC
By Component
  • Radar Sensors
  • LIDAR Sensors
  • Ultrasonic Sensors
  • Cameras & Others
By Vehicle Type
  • Passenger Car
  • Commercial Vehicle
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

129 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Adaptive Cruise Control (ACC) Market, by Product Sales
1.4.2 North America Adaptive Cruise Control (ACC) Market, by Type
1.4.3 North America Adaptive Cruise Control (ACC) Market, by Component
1.4.4 North America Adaptive Cruise Control (ACC) Market, by Vehicle Type
1.4.5 North America Adaptive Cruise Control (ACC) Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2023
4.2 Strategies Deployed in Adaptive Cruise Control (ACC) Market.
4.3 Porter Five Forces Analysis
Chapter 5. North America Adaptive Cruise Control (ACC) Market by Product Sales
5.1 North America OEMs (Original Equipment Manufacturers) Market by Region
5.2 North America Aftermarket Market by Region
Chapter 6. North America Adaptive Cruise Control (ACC) Market by Type
6.1 North America Standalone ACC Market by Country
6.2 North America Integrated ACC Market by Country
Chapter 7. North America Adaptive Cruise Control (ACC) Market by Component
7.1 North America Radar Sensors Market by Country
7.2 North America LIDAR Sensors Market by Country
7.3 North America Ultrasonic Sensors Market by Country
7.4 North America Cameras & Others Market by Country
Chapter 8. North America Adaptive Cruise Control (ACC) Market by Vehicle Type
8.1 North America Passenger Car Market by Country
8.2 North America Commercial Vehicle Market by Country
Chapter 9. North America Adaptive Cruise Control (ACC) Market by Country
9.1 US Adaptive Cruise Control (ACC) Market
9.1.1 US Adaptive Cruise Control (ACC) Market by Product Sales
9.1.2 US Adaptive Cruise Control (ACC) Market by Type
9.1.3 US Adaptive Cruise Control (ACC) Market by Component
9.1.4 US Adaptive Cruise Control (ACC) Market by Vehicle Type
9.2 Canada Adaptive Cruise Control (ACC) Market
9.2.1 Canada Adaptive Cruise Control (ACC) Market by Product Sales
9.2.2 Canada Adaptive Cruise Control (ACC) Market by Type
9.2.3 Canada Adaptive Cruise Control (ACC) Market by Component
9.2.4 Canada Adaptive Cruise Control (ACC) Market by Vehicle Type
9.3 Mexico Adaptive Cruise Control (ACC) Market
9.3.1 Mexico Adaptive Cruise Control (ACC) Market by Product Sales
9.3.2 Mexico Adaptive Cruise Control (ACC) Market by Type
9.3.3 Mexico Adaptive Cruise Control (ACC) Market by Component
9.3.4 Mexico Adaptive Cruise Control (ACC) Market by Vehicle Type
9.4 Rest of North America Adaptive Cruise Control (ACC) Market
9.4.1 Rest of North America Adaptive Cruise Control (ACC) Market by Product Sales
9.4.2 Rest of North America Adaptive Cruise Control (ACC) Market by Type
9.4.3 Rest of North America Adaptive Cruise Control (ACC) Market by Component
9.4.4 Rest of North America Adaptive Cruise Control (ACC) Market by Vehicle Type
Chapter 10. Company Profiles
10.1 Autoliv, Inc.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional Analysis
10.1.4 Research & Development Expense
10.1.5 SWOT Analysis
10.2 Magna International, Inc.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 Robert Bosch GmbH
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 SWOT Analysis
10.4 Continental AG
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Product Launches and Product Expansions:
10.4.6 SWOT Analysis
10.5 Denso Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.6 Valeo SA
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expense
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.6.6 SWOT Analysis
10.7 Aptiv PLC
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 SWOT Analysis
10.8 ZF Friedrichshafen AG
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 SWOT Analysis
10.9 Tesla, Inc.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expense
10.9.5 SWOT Analysis
10.10. Nidec Motor Corporation
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expenses
10.10.5 SWOT Analysis

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