Automotive Adaptive Cruise Control Market Size was valued at USD 30.9 Billion in 2022. The Automotive Adaptive Cruise Control Market industry is projected to grow from USD 33.5 Billion in 2023 to USD 64.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.46% during the forecast period (2024 - 2032). Increased demand for advanced driver assistance systems and autonomous vehicles are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The increased emphasis on vehicle safety and comfort is the primary factor driving the growth of the automotive adaptive cruise control market CAGR. ACC systems are intended to increase vehicle safety by lowering the likelihood of accidents caused by human error. They also improve driver comfort by lowering tiredness and tension. To fulfill the growing demand for safer and more comfortable driving experiences, automakers are progressively adding ACC systems as standard features in their vehicles. Toyota, for example, has made ACC standard in its 2023 Corolla model, while Hyundai has integrated the technology in its 2023 Sonata model.
In addition, government rules requiring the incorporation of safety features in vehicles are propelling the automotive adaptive cruise control market forward. In the United States, for example, the National Highway Traffic Safety Administration (NHTSA) has proposed a law that would require all new automobiles to include ACC systems by 2022.
The growing demand for autonomous vehicles is also driving the automotive adaptive cruise control industry. ACC is an important component of autonomous driving systems, which are gaining popularity among consumers due to its ability to improve safety and convenience. Automakers are significantly investing in self-driving technologies, and ACC is a vital component of these systems. Tesla's Autopilot technology, for example, uses ACC to keep a safe distance from other vehicles on the road.
Furthermore, the growing popularity of ride-sharing and car-sharing services is likely to increase demand for ACC systems. To ensure a secure and enjoyable travel for customers, these services necessitate vehicles equipped with advanced safety and convenience features such as ACC.
The vehicle adaptive cruise control market is predicted to increase significantly as demand for advanced driver assistance systems (ADAS) grows. Adaptive cruise control (ACC) is an ADAS system that automatically adjusts the speed of the vehicle to keep a safe distance from the vehicle ahead. Because of its ability to improve driving safety and comfort, this technology is gaining popularity among consumers.
For instance, Major automakers such as BMW, Mercedes-Benz, and Audi have made ACC a standard feature in their high-end cars. Furthermore, the increasing adoption of electric cars (EVs) is likely to boost the expansion of the automotive adaptive cruise control market, as EVs are equipped with modern technology to improve their driving experience and safety.
The Automotive Adaptive Cruise Control Market segmentation, based on Technology includes Lidar, Radar, Laser, and Ultrasonic. In 2022, the radar sensors segment accounted for a moderate revenue share. Rising demand for vehicles that understand and complement human abilities within a vehicle is likely to fuel this segment's revenue growth. Modern automobiles are integrated with a variety of sensors to help human drivers with their responsibilities. These sensors aid in data collection and send essential information to systems for processing.
The Automotive Adaptive Cruise Control Market segmentation, based on Vehicle Type, includes Passenger car, Commercial Vehicle. In 2022, the passenger car segment accounted for a sizable revenue share. Increasing consumer awareness of the numerous benefits of having adaptive cruise control is likely to be a major factor driving market revenue development in this category. Adaptive cruise control helps drivers reduce stress when driving. This is due mostly to their capacity to automatically control vehicle speed while maintaining a specified minimum distance to the preceding vehicle.
The Automotive Adaptive Cruise Control Market segmentation, based on end-User, includes OEM, Aftermarket. The OEM segment dominates the industry. ACC systems are either a standard or optional feature on many cars from OEMs, and they are typically covered by warranties.
Figure 1: Automotive Adaptive Cruise Control Market, by end-user, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. In 2022, the North American adaptive cruise control market will have the highest revenue share. Rising demand for commercial and luxury automobiles, as well as strict government rules enacted to reduce the rising number of road fatalities, are important factors driving market revenue growth in this area. Adaptive cruise control is vital because it improves vehicle safety, increasing consumer trust.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Automotive Adaptive Cruise Control Market Share By Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Automotive Adaptive Cruise Control Market accounts for the second-largest market share because of the increasing popularity of major automobile manufacturers such as Audi, BMW, and others. Further, the German Automotive Adaptive Cruise Control Market held the largest market share, and the UK Automotive Adaptive Cruise Control Market was the fastest growing market in the European region
The Asia-Pacific Automotive Adaptive Cruise Control Market is expected to grow at the fastest CAGR from 2024 to 2032. This is because of the growing worry about the frequency of road accidents, governments in various nations in this region have enacted tough policies and regulations to assure optimum safety in all cars manufactured within the region as well as imported from other regions. Moreover, China’s Automotive Adaptive Cruise Control Market held the largest market share, and the Indian Automotive Adaptive Cruise Control Market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Automotive Adaptive Cruise Control Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Automotive Adaptive Cruise Control industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Automotive Adaptive Cruise Control industry to benefit clients and increase the market sector. In recent years, the Automotive Adaptive Cruise Control industry has offered some of the most significant advantages to medicine. Major players in the Automotive Adaptive Cruise Control Market, including Robert Bosch GmbH (Germany), Valeo SA (France), Hyundai Mobis (South Korea), ZF Friedrichshafen AG (Germany), Magna International Inc (Canada. and others, are attempting to increase market demand by investing in research and development operations.
DENSO Corporation is a Japanese automotive component manufacturer headquartered in Kariya, Aichi Prefecture. In 1949, the company was created as Nippon Denso Co. Ltd. after breaking away from Toyota Motor. Toyota owns around 25% of the company. Despite being a member of the Toyota Group of companies, sales to the Toyota Group accounted for less than 50% of total revenue in the fiscal year ending March 2016 (44% of income came from other automobile manufacturers in Japan, Germany, the United States, and China). Denso was the world's fourth largest auto components supplier in 2016. In January, 2022, Denso Corporation announced the development of multinational Safety Package 3*1. It is a sophisticated sensing active safety system. The enhanced performance of this system can be due to the combined performance of a millimeter-wave RADAR sensor and a vision sensor, which aids in identifying both road forms and things around it.
Ford Motor Company is an American multinational vehicle manufacturer based in Dearborn, Michigan. Henry Ford formed it and incorporated it on June 16, 1903. The Ford brand sells autos and commercial vehicles, whereas the Lincoln brand sells premium cars. Ford also has a 32% ownership in Jiangling Motors in China. The Ford family controls the corporation, which is listed on the New York Stock Exchange; they hold a minority of the company but have a majority of the voting power. In July 2021, BlueCruise was introduced by Ford with capabilities such as intelligent adaptive cruise control, stop-and-go, lane centering, and speed sign recognition. Given that your eyes are on the road, as detected by a driver-facing camera, your vehicle can operate hands-free. It allows your vehicle to operate hands-free as long as your eyes are on the road, as monitored by a driver-facing camera.
January 2020, at the Consumer Electronics Show, Bosch introduced its long-range LiDAR for vehicles. Because this technology contains both long and short-range radars, it is appropriate for use in both city centres and on highways.
January 2020, Luminar introduced perception engineering, which is advanced LiDAR technology for autos, to improve vehicle safety. It has a range of up to 250 meters for detecting and classifying things in real time.
March 2022, Juizi Holdings, Inc., a franchisor and retailer of new energy vehicles in China, said that on March 16, 2022, the business entered into a strategic agreement with Jiangsu Skywell Automobile Co., Ltd. through its wholly-owned subsidiary Zhejiang Jiuzi New Energy Vehicles Co., Ltd. The deal grants Zhejiang Jiuzi the non-exclusive right to use Skywell's 'Skyworth' trademark and sell their new EV6 SUV series between 2022-2023. The EV6 is a fully electric SUV with fully integrated high-end technologies and enhanced safety features including adaptive cruise control, automatic braking and parking, and others.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 30.9 Billion |
| Market Size 2023 | USD 33.5 Billion |
| Market Size 2032 | USD 64.7 Billion |
| Compound Annual Growth Rate (CAGR) | 7.46% (2024-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Technology, Vehicle Type, End-user and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Autoliv Inc. (Sweden), Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC (U.K.), Robert Bosch GmbH (Germany), Valeo SA (France), Hyundai Mobis (South Korea), ZF Friedrichshafen AG (Germany), Magna International Inc (Canada), and Mando Corporation (South Korea). |
| Key Market Opportunities | It increases driver safety and convenience. |
| Key Market Dynamics | Increasing Focus on Vehicle Safety and Comfort |
Automotive Adaptive Cruise Control Market Highlights:
Frequently Asked Questions (FAQ) :
The Automotive Adaptive Cruise Control Market size was valued at USD 30.9 Billion in 2022.
The global market is projected to grow at a CAGR of 7.46% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are Robert Bosch GmbH (Germany), Valeo SA (France), Hyundai Mobis (South Korea), ZF Friedrichshafen AG (Germany), Magna International Inc (Canada), and Mando Corporation (South Korea).
The RADAR category dominated the market in 2022.
The original equipment manufacturers had the largest share in the global market.
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