Adaptive Cruise Control Market Size, Trends and Insights By Component Type (LiDAR, RADAR, Image, Ultrasonic, Others), By Vehicle Type (Passenger cars, Commercial vehicles), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI27832

Published Date: August 2023

Pages: 220+

Category: Automotive Technology, Services

Report Snapshot

CAGR: 7%
30.22B
2022
32.18B
2023
49.9B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Autoliv Inc
  • Continental Ag
  • Delphi Automotive PLC
  • Denso Corporation
  • Ford Motor Company
  • Others

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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 Advanced Driver Assistance Systems (ADAS) Market India ADAS Market
CAGR 7% (Approx) CAGR 18.2% (Approx) CAGR 18.80% (Approx)
USD 49.9 Billion by 2032 USD 81.17 Billion by 2032 USD 9.98 Billion by 2032

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

Feature of the Report Details
Market Size in 2023 USD 32.18 Billion
Projected Market Size in 2032 USD 49.9 Billion
Market Size in 2022 USD 30.22 Billion
CAGR Growth Rate 7% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Component Type, Vehicle Type and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

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.

Global Adaptive Cruise Control Market 2023–2032 (By Billion)

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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.

Global Adaptive Cruise Control Market 2023–2032 (By Vehicle Type)

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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

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Adaptive Cruise Control Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Adaptive Cruise Control Market : snapshot
  • Chapter 3. Global Adaptive Cruise Control Market – Industry Analysis
    • 3.1 Adaptive Cruise Control Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing Demand for Advanced Driver Assistance Systems (ADAS)
      • 3.2.2 Safety Benefits
      • 3.2.3 Comfort and Convenience
      • 3.2.4 OEM Integration and Standardization
      • 3.2.5 Technological Advancements
      • 3.2.6 Government Regulations and Safety Ratings
      • 3.2.7 Consumer Awareness and Education
      • 3.2.8 Autonomous Driving Trends.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Component Type
      • 3.7.2 Market attractiveness analysis By Vehicle Type
  • Chapter 4. Global Adaptive Cruise Control Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Adaptive Cruise Control Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Adaptive Cruise Control Market – Component Type Analysis
    • 5.1 Global Adaptive Cruise Control Market overview: By Component Type
      • 5.1.1 Global Adaptive Cruise Control Market share, By Component Type, 2022 and 2032
    • 5.2 LiDAR
      • 5.2.1 Global Adaptive Cruise Control Market by LiDAR, 2023 – 2032 (USD Billion)
    • 5.3 RADAR
      • 5.3.1 Global Adaptive Cruise Control Market by RADAR, 2023 – 2032 (USD Billion)
    • 5.4 Image
      • 5.4.1 Global Adaptive Cruise Control Market by Image, 2023 – 2032 (USD Billion)
    • 5.5 Ultrasonic
      • 5.5.1 Global Adaptive Cruise Control Market by Ultrasonic, 2023 – 2032 (USD Billion)
    • 5.6 Others
      • 5.6.1 Global Adaptive Cruise Control Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Adaptive Cruise Control Market – Vehicle Type Analysis
    • 6.1 Global Adaptive Cruise Control Market overview: By Vehicle Type
      • 6.1.1 Global Adaptive Cruise Control Market share, By Vehicle Type, 2022 and 2032
    • 6.2 Passenger cars
      • 6.2.1 Global Adaptive Cruise Control Market by Passenger cars, 2023 – 2032 (USD Billion)
    • 6.3 Commercial vehicles
      • 6.3.1 Global Adaptive Cruise Control Market by Commercial vehicles, 2023 – 2032 (USD Billion)
  • Chapter 7. Adaptive Cruise Control Market – Regional Analysis
    • 7.1 Global Adaptive Cruise Control Market Regional Overview
    • 7.2 Global Adaptive Cruise Control Market Share, by Region, 2022 & 2032 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Adaptive Cruise Control Market, 2023 – 2032 (USD Billion)
        • 7.3.1.1 North America Adaptive Cruise Control Market, by Country, 2023 – 2032 (USD Billion)
    • 7.4 North America Adaptive Cruise Control Market, by Component Type, 2023 – 2032
      • 7.4.1 North America Adaptive Cruise Control Market, by Component Type, 2023 – 2032 (USD Billion)
    • 7.5 North America Adaptive Cruise Control Market, by Vehicle Type, 2023 – 2032
      • 7.5.1 North America Adaptive Cruise Control Market, by Vehicle Type, 2023 – 2032 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Adaptive Cruise Control Market, 2023 – 2032 (USD Billion)
        • 7.6.1.1 Europe Adaptive Cruise Control Market, by Country, 2023 – 2032 (USD Billion)
    • 7.7 Europe Adaptive Cruise Control Market, by Component Type, 2023 – 2032
      • 7.7.1 Europe Adaptive Cruise Control Market, by Component Type, 2023 – 2032 (USD Billion)
    • 7.8 Europe Adaptive Cruise Control Market, by Vehicle Type, 2023 – 2032
      • 7.8.1 Europe Adaptive Cruise Control Market, by Vehicle Type, 2023 – 2032 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Adaptive Cruise Control Market, 2023 – 2032 (USD Billion)
        • 7.9.1.1 Asia Pacific Adaptive Cruise Control Market, by Country, 2023 – 2032 (USD Billion)
    • 7.10 Asia Pacific Adaptive Cruise Control Market, by Component Type, 2023 – 2032
      • 7.10.1 Asia Pacific Adaptive Cruise Control Market, by Component Type, 2023 – 2032 (USD Billion)
    • 7.11 Asia Pacific Adaptive Cruise Control Market, by Vehicle Type, 2023 – 2032
      • 7.11.1 Asia Pacific Adaptive Cruise Control Market, by Vehicle Type, 2023 – 2032 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Adaptive Cruise Control Market, 2023 – 2032 (USD Billion)
        • 7.12.1.1 Latin America Adaptive Cruise Control Market, by Country, 2023 – 2032 (USD Billion)
    • 7.13 Latin America Adaptive Cruise Control Market, by Component Type, 2023 – 2032
      • 7.13.1 Latin America Adaptive Cruise Control Market, by Component Type, 2023 – 2032 (USD Billion)
    • 7.14 Latin America Adaptive Cruise Control Market, by Vehicle Type, 2023 – 2032
      • 7.14.1 Latin America Adaptive Cruise Control Market, by Vehicle Type, 2023 – 2032 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Adaptive Cruise Control Market, 2023 – 2032 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Adaptive Cruise Control Market, by Country, 2023 – 2032 (USD Billion)
    • 7.16 The Middle-East and Africa Adaptive Cruise Control Market, by Component Type, 2023 – 2032
      • 7.16.1 The Middle-East and Africa Adaptive Cruise Control Market, by Component Type, 2023 – 2032 (USD Billion)
    • 7.17 The Middle-East and Africa Adaptive Cruise Control Market, by Vehicle Type, 2023 – 2032
      • 7.17.1 The Middle-East and Africa Adaptive Cruise Control Market, by Vehicle Type, 2023 – 2032 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Autoliv Inc
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Continental Ag
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Delphi Automotive PLC
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Denso Corporation
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Ford Motor Company
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Hyundai Mobis
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Magna International
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Robert Bosch GmbH
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Wabco
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 ZF Friedrichshafen
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Others.
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
List Of Figures

Figures No 1 to 21

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players

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

FAQs

The key factors driving the Market are Increasing Demand for Advanced Driver Assistance Systems (ADAS), Safety Benefits, Comfort and Convenience, OEM Integration and Standardization, Technological Advancements, Government Regulations and Safety Ratings, Consumer Awareness and Education And Autonomous Driving Trends.

The “Component Type” category dominated the market in 2022.

The key players in the market are Autoliv Inc, Continental Ag, Delphi Automotive PLC, Denso Corporation, Ford Motor Company, Hyundai Mobis, Magna International, Robert Bosch GmbH, Wabco, ZF Friedrichshafen, Others.

“North America” had the largest share in the Adaptive Cruise Control Market.

The global market is projected to grow at a CAGR of 7% during the forecast period, 2023-2032.

The Adaptive Cruise Control Market size was valued at USD (30.22 Billion) in 2022.

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