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Adaptive Cruise Control (ACC) Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Publisher Global Market Insights
Published Jul 25, 2024
Length 220 Pages
SKU # GMI19127004

Description

Adaptive Cruise Control (ACC) Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032


Global Adaptive Cruise Control (ACC) Market is set to grow at over 10% CAGR from 2024 to 2032, driven by technological developments, increasing adoption of standalone systems, and consistent growth in the automotive sector. There is a rising demand for advanced driver assistance systems (ADAS) and the push for enhanced vehicle safety and convenience features. Improved sensor systems, particularly ultrasonic sensors, enhance the precision and effectiveness of ACC systems, making them more attractive to consumers.

The growing preference for standalone ACC systems reflects the desire for specialized and reliable driving assistance technologies. The increasing emphasis on vehicle safety and convenience, coupled with stringent automotive regulations, fuels demand. A robust automotive industry in America and APAC, and strong focus on advanced driving features will further stimulate market scope.

The Adaptive Cruise Control (ACC) Industry size is classified based on the type, technology, vehicle type, end-user and region.

The ultrasonic sensors segment is anticipated to be a major contributor to the ACC market growth through 2024-2032, thanks to advancements in sensor technology. Ultrasonic sensors offer precise distance measurements, crucial for the effective functioning of ACC systems. These sensors improve vehicle safety by providing accurate proximity data to detect obstacles and maintain safe distances from other vehicles. The ongoing innovation in ultrasonic sensor technology is expected to drive their increased adoption in ACC systems, enhancing overall market growth.

Standalone ACC systems segment is expected to gain traction through 2024-2032, as they offer dedicated functionality for adaptive cruise control without relying on integrated systems. These systems provide a more focused approach to vehicle speed management and distance control, improving driving convenience and safety. The growing preference for standalone ACC systems is driven by their ability to deliver enhanced performance and flexibility. As consumers increasingly seek advanced safety features and improved driving experiences, the demand for standalone ACC systems is expected to rise significantly.

Europe Adaptive Cruise Control (ACC) Market is projected to lead with a notable CAGR from 2024 to 2032. Europe's strong emphasis on automotive safety regulations and advanced driving technologies contributes to its market leadership. The region's well-established automotive industry, coupled with stringent safety standards and significant investments in vehicle automation, supports the growth of the ACC market. Additionally, European consumers' growing demand for sophisticated driver assistance systems fuels market expansion, making Europe a key player in the global ACC market.

Table of Contents

220 Pages
Chapter 1 Scope and Methodology
1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast parameters
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360º synopsis, 2024 - 2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2024-2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Technology and innovation landscape
3.4 Patent analysis
3.5 Key news and initiatives
3.6 Regulatory landscape
3.7 Impact forces
3.7.1 Growth drivers
3.7.1.1 Rise in autonomous and semi-autonomous vehicle technologies
3.7.1.2 Integration with electric and autonomous vehicles
3.7.1.3 Growing awareness among consumers about road safety features
3.7.1.4 Governments and regulatory bodies are implementing strict safety standards
3.7.1.5 Innovations in sensor technologies and artificial intelligence for adaptive cruise control
3.7.2 Industry pitfalls and challenges
3.7.2.1 Reliability issues
3.7.2.2 Regulatory and standardization hurdles
3.8 Growth potential analysis
3.9 Porter’s analysis
3.9.1 Supplier power
3.9.2 Buyer power
3.9.3 Threat of new entrants
3.9.4 Threat of substitutes
3.9.5 Industry rivalry
3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix
Chapter 5 Market Estimates and Forecast, By Type, 2021 - 2032 (USD Million)
5.1 Key trends
5.2 Standalone ACC systems
5.3 Integrated ACC systems
Chapter 6 Market Estimates and Forecast, By Technology, 2021 - 2032 (USD Million)
6.1 Key trends
6.2 Ultrasonic sensor
6.3 LiDAR sensor
6.4 Radar sensor
6.5 Camera sensor
6.6 Infrared sensor
Chapter 7 Market Estimates and Forecast, By Vehicle Type, 2021 - 2032 (USD Million)
7.1 Key trends
7.2 Passenger cars
7.2.1 Hatchbacks
7.2.2 Sedans
7.2.3 SUVs
7.3 Commercial vehicles
7.3.1 Light Commercial Vehicles (LCVs)
7.3.2 Heavy Commercial Vehicles (HCVs)
7.3.3 Buses
7.3.4 Trucks
Chapter 8 Market Estimates and Forecast, By End-User, 2021 - 2032 (USD Million)
8.1 Key trends
8.2 OEMs (Original Equipment Manufacturers)
8.3 Aftermarket
Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Million)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 ANZ
9.4.6 Rest of Asia Pacific
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Rest of Latin America
9.6 MEA
9.6.1 UAE
9.6.2 Saudi Arabia
9.6.3 South Africa
9.6.4 Rest of MEA
Chapter 10 Company Profiles
10.1 Bosch
10.2 Continental AG
10.3 Denso Corporation
10.4 Magna International Inc.
10.5 Valeo SA
10.6 ZF Friedrichshafen AG
10.7 Autoliv Inc.
10.8 Delphi Automotive
10.9 Hyundai Mobis
10.10 Mando Corporation
10.11 WABCO Holdings Inc.
10.12 NXP Semiconductors
10.13 Texas Instruments Incorporated
10.14 Aptiv PLC
10.15 Hitachi Automotive Systems
10.16 Infineon Technologies AG
10.17 Hella GmbH and Co. KGaA
10.18 Robert Bosch GmbH
10.19 Nissan Motor Corporation
10.20 Ford Motor Company
10.21 General Motors
10.22 Honda Motor Co., Ltd.
10.23 Toyota Motor Corporation
10.24 Tesla, Inc.
10.25 Volvo Group

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