Global Adaptive Cruise Control Market 2024–2033

Reports Description

As per the current market research conducted by CMI Team, the global Adaptive Cruise Control Market is expected to record a CAGR of 7% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 30.22 Billion. By 2032, the valuation is anticipated to reach USD 49.9 Billion.

Adaptive Cruise Control (ACC) is an advanced driver assistance system (ADAS) designed to enhance driving comfort and safety on highways and open roads. It is an extension of traditional cruise control, which allows a vehicle to maintain a constant speed set by the driver.

However, unlike standard cruise control, ACC uses radar, lidar, or other sensor technologies to detect and monitor the distance between the vehicle and the one ahead. The ACC system automatically adjusts the vehicle’s speed to maintain a safe following distance from the car in front.

When traffic slows down, the ACC system will reduce the vehicle’s speed, and when the road ahead is clear, it will accelerate back to the preset speed.

This adaptive feature allows the vehicle to respond to changes in traffic flow without the need for constant driver intervention, making long drives more comfortable and less fatiguing.

Key features of Adaptive Cruise Control may include:

• Automatic Speed Adjustment: ACC automatically adjusts the vehicle’s speed to maintain a safe distance from the vehicle ahead, reducing the need for constant braking and accelerating.

• Predefined Following Distance: Drivers can typically adjust the following distance to their preference, allowing for a customizable safety buffer between vehicles.

• Stop-and-Go Functionality: Some ACC systems offer stop-and-go functionality, enabling the vehicle to come to a complete stop and resume driving in traffic jams or congested areas.

• Forward Collision Warning: ACC systems often incorporate forward collision warning (FCW) sensors to alert the driver if the system detects a potential collision with the vehicle in front.

• Lane Centering: In some advanced ACC systems, lane centering functionality is integrated to help keep the vehicle centered within the lane during highway driving.

Adaptive Cruise Control Market – Significant Growth Factors

• Increasing Demand for Advanced Driver Assistance Systems (ADAS): The growing focus on vehicle safety and the desire to reduce road accidents have driven the demand for ADAS features, including ACC. ACC is a critical component of ADAS, as it enhances driving comfort and safety by automatically adjusting vehicle speed based on traffic conditions.

• Safety Benefits: ACC systems help maintain a safe following distance from the vehicle ahead, reducing the risk of rear-end collisions. By automatically slowing down or speeding up in response to changing traffic conditions, ACC provides an added layer of safety, especially in congested traffic and highway driving scenarios.

• Comfort and Convenience: ACC systems offer convenience during long drives, as they alleviate the need for constant manual adjustments to maintain a safe following distance. Drivers can enjoy a more relaxed and comfortable driving experience with ACC engaged, especially during highway cruising.

• OEM Integration and Standardization: Major automobile manufacturers are increasingly integrating ACC as a standard or optional feature in their new vehicle models. The standardization of ACC in many vehicles has made it more accessible to a broader consumer base and contributed to its overall market growth.

• Technological Advancements: Advances in sensor technologies, such as radar and lidar, have improved the accuracy and reliability of ACC systems. Additionally, the integration of ACC with other ADAS features, such as lane centring and forward collision warning, enhance its overall effectiveness and attractiveness to consumers.

• Government Regulations and Safety Ratings: Government regulations and safety ratings that emphasize the importance of ADAS features have influenced the adoption of ACC. Some regions and safety organizations give higher safety ratings to vehicles equipped with ACC and other ADAS technologies, driving consumer demand for these features.

• Consumer Awareness and Education: As consumers become more aware of the benefits of ADAS and experience the convenience and safety offered by ACC, there is a growing demand for these systems. Increased consumer education and awareness campaigns have contributed to the market’s growth.

• Autonomous Driving Trends: The ongoing development of autonomous driving technologies and the vision of fully autonomous vehicles have spurred interest in ADAS, including ACC. ACC is considered a foundational feature for future autonomous vehicles, further boosting its demand and market growth.

Adaptive Cruise Control Market – Mergers and Acquisitions

• Intel’s Acquisition of Mobileye: In 2017, Intel Corporation, a global technology company, acquired Mobileye, an Israeli company known for its advanced computer vision and sensing technologies for ADAS and autonomous driving. This acquisition enabled Intel to expand its footprint in the automotive industry and bolster its ADAS capabilities, which include ACC.

• Aptiv’s Acquisition of NuTonomy: Aptiv, an automotive technology company, acquired NuTonomy, a self-driving technology startup, in 2017. This acquisition strengthened Aptiv’s position in the development of autonomous driving solutions, including ADAS features like ACC.

• ZF Friedrichshafen AG’s Acquisition of WABCO: In 2020, ZF Friedrichshafen AG, a German automotive supplier, completed the acquisition of WABCO Holdings Inc., a global supplier of commercial vehicle technologies. The acquisition enhanced ZF’s capabilities in ADAS and automated driving systems, including ACC for commercial vehicles.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Adaptive Cruise Control Market – Significant Threats

• High Cost of Implementation: The cost of integrating ACC technology into vehicles can be significant, especially in lower-priced car segments. High implementation costs may deter some automakers from offering ACC as a standard feature or consumers from choosing it as an optional add-on.

• Limited Infrastructure Support: ACC systems rely on advanced sensor technologies, such as radar and lidar, which require suitable road infrastructure for optimal performance. In areas with limited or inadequate road infrastructure, the effectiveness of ACC may be reduced, limiting its usability.

• Sensor Limitations in Adverse Weather: Adverse weather conditions, such as heavy rain, snow, fog, or dust, can affect the performance of the sensors used in ACC systems. Reduced sensor accuracy in such conditions may result in limitations or temporary deactivation of ACC features.

• Misuse and Overreliance on Technology: Some drivers may misuse or over-rely on ACC technology, assuming it can replace their active attention and control while driving. This can lead to complacency and delayed reactions in critical situations, potentially compromising road safety.

• Cybersecurity Risks: As ACC systems are connected to the vehicle’s electronic systems and external networks, they may be vulnerable to cybersecurity threats, such as hacking or unauthorized access. A cyber-attack on ACC systems could pose safety risks and impact consumer trust in autonomous driving technologies.

• Calibration and Maintenance Challenges: ACC systems require precise calibration and periodic maintenance to function accurately. Incorrect calibration or lack of proper maintenance may lead to inaccuracies in speed control and following distance, affecting system reliability.

• Consumer Awareness and Education: Lack of awareness or misconceptions about ACC functionality may result in lower demand and slow adoption of the technology. Effective consumer education is crucial to promote understanding and confidence in ACC systems.

• Legal and Regulatory Issues: Liability and legal concerns related to ACC operation and accidents involving ACC-equipped vehicles may arise. Clear regulations and guidelines for the use of ACC systems are necessary to address these issues and ensure proper accountability.

• Competing ADAS Features: ACC is just one component of the broader Advanced Driver Assistance Systems (ADAS) market. Other ADAS features, such as automatic emergency braking and lane-keeping assist, compete for attention and resources, which could impact the focus on ACC development and adoption.

• Lack of Standardization: Different automakers may implement ACC with varying features, functionalities, and performance levels. The lack of standardization could create challenges in interoperability and consumer understanding of ACC systems across different vehicle brands.

Report Scope

Category-Wise Insights

By Component Type:

In terms of Component Type, the Adaptive Cruise Control (ACC) market is segmented into LiDAR, RADAR, Image, Ultrasonic, and Others. The radar segment is expected to hold the dominant position throughout the forecast period.

This is attributed to several advantages it offers, including the precise determination of object positions and velocities, accurate distance measurements, differentiation between stationary and moving targets, simultaneous targeting of multiple objects, storage capacity for large datasets, and the ability to gather information at various scales.

On the other hand, the LiDAR segment is projected to witness steady growth during the forecast period, driven by the favorable attributes of LiDAR technology, such as superior performance in low-light conditions, 3D mapping capabilities, and enhanced accuracy.

By Vehicle Type:

In terms of Vehicle Type, the Adaptive Cruise Control (ACC) market is categorized into Passenger cars and Commercial vehicles. Throughout the forecast period, the passenger car segment is anticipated to hold a dominant position in the market.

This is primarily driven by stringent government regulations mandating the inclusion of ACC systems in vehicles, contributing to the segment’s expansion. Additionally, the increasing global car production is another significant factor fueling the dominance of the passenger car category.

Adaptive Cruise Control Market – Regional Analysis

North America:

North America, comprising the United States and Canada, has been a significant market for ACC due to several factors. The region has witnessed a strong focus on automotive safety, with government regulations promoting the adoption of advanced driver assistance systems, including ACC. High consumer awareness, a large automotive industry, and increasing demand for luxury and premium vehicles equipped with advanced safety features have also contributed to the growth of the ACC market in this region.

Europe:

Europe is another prominent market for ACC, driven by the region’s strict safety regulations and emphasis on reducing road accidents. Many European countries have implemented regulations mandating the inclusion of ACC systems in vehicles. The presence of well-established automotive manufacturers and high consumer demand for premium vehicles equipped with advanced safety technologies has further boosted the ACC market in Europe.

Asia-Pacific:

The Asia-Pacific region has shown significant growth potential for the ACC market. The region’s rapidly expanding automotive industry, increasing disposable income, and rising awareness of vehicle safety have contributed to the demand for ACC systems. Countries like China, Japan, and South Korea have emerged as key players in the market, with a growing number of vehicles being equipped with ACC systems.

Latin America:

Latin America has shown moderate growth in the ACC market. Brazil, Mexico, and Argentina are some of the countries where ACC adoption has been relatively higher due to growing consumer awareness of advanced safety features. However, economic fluctuations and regulatory variations across different countries in the region have influenced market dynamics.

Middle East and Africa:

The ACC market in the Middle East and Africa is relatively smaller compared to other regions. However, the region has witnessed steady growth, driven by increasing vehicle sales, infrastructure development, and growing awareness of road safety. The UAE, Saudi Arabia, and South Africa are some of the countries where ACC adoption has been notable.

List of the prominent players in the Adaptive Cruise Control Market:

• Autoliv Inc
• Continental Ag
• Delphi Automotive PLC
• Denso Corporation
• Ford Motor Company
• Hyundai Mobis
• Magna International
• Robert Bosch GmbH
• Wabco
• ZF Friedrichshafen
• Others

The Adaptive Cruise Control Market is segmented as follows:

By Component Type

• LiDAR
• RADAR
• Image
• Ultrasonic
• Others

By Vehicle Type

• Passenger cars
• Commercial vehicles

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America