Adaptive Cruise Control System Market - Industry Trends and Forecast to 2030

Adaptive Cruise Control System Market size was valued at USD 29.51 Billion in 2021 and is projected to reach USD 48.4 Billion by 2030, growing at a CAGR of 6.7% from 2022 to 2030.

Adaptive Cruise Control System Market Also referred to as traffic-aware cruise control, this optional feature on cars measures the space between two vehicles and maintains a safe distance between them Adaptive cruise control is based on the radar and laser control sensor components. Due to the configuration of these components, a vehicle is able to slow down when it notices another vehicle is approaching before resuming its normal speed after the obstruction has passed. Systems for adaptive cruise control are seen as a crucial part of the next generation of intelligent vehicles. Similar to conventional cruise control systems, adaptive cruise control systems automatically alter the spacing between vehicles in the same lane while still maintaining the vehicle's pre-set speed.

The automobile adaptive cruise control market comprises of the sales of systems for maintaining proper distances between vehicles on the road, ensuring road safety, preventing accidents, and improving traffic flow by organizations, sole proprietors, and partnerships. A driver aid system known as automotive adaptive cruise control automatically reduces a car's speed when it detects traffic in front of it. It establishes a maximum speed for vehicles.

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The cruise control system can change the vehicle's speed in response to traffic conditions thanks to the adaptive cruise control (ACC) feature. Along the path of the ACC vehicle, a radar sensor installed on the front of the vehicle finds slower-moving vehicles. If a slower moving vehicle is detected, the ACC system will slow the automobile down and control the clearance, or temporal gap, between the ACC vehicle and the vehicle in front. If the ACC system determines that the vehicle in front of it is no longer in its path, it will accelerate the vehicle back to its pre-set cruise control speed.

A modified version of the standard cruise control systems, adaptive cruise control (ACC) is used to maintain and regulate the speeds of automobiles and other intelligent vehicles. Intelligent cruise control, such as adaptive cruise control, automatically slows down and speeds up to keep up with the vehicle in front of you.

One benefit of the adaptive cruise control system is that it frees the driver from having to precisely accelerate, brake, and decelerate in congested traffic. It is feasible to design a very responsive traffic system that makes collision avoidance adjustments automatically. This gadget will soon be a need because it makes driving more comfortable and safe. The purpose of the cruise control system was to facilitate highway driving. When travelling on broad, straight roads with considerable space between the driver's location and the destination, this method is helpful.

As traffic gets more congested, standard cruise control is less useful. Adaptive cruise control (ACC) technology was developed to address this problem. There is just one way to manage velocity in a vehicle using classic cruise control. On the other hand, ACC offers two control modes: distance control and velocity control. Driving in congested regions is less stressful thanks to ACC, which acts as a longitudinal control pilot. ACC can work in a manner similar to conventional cruise control in that it keeps the set speed of the car.

Global Adaptive Cruise Control System Market: Major Players
Denso Corporation
Mando Corporation
Autoliv
Autoliv
Delphi Automotive PLC
Delphi Automotive
Magna International
Hyundai Mobis
Valeo SA
Robert Bosch GMBH
Magna International
Robert Bosch GmBH
Hyundai Mobis
TRW Automotive
Mando Corporation
TRW Automotive
Denso Corporation
Valeo SA
Continental AG

Global Adaptive Cruise Control System Market: By Types
Infrared Sensors
Laser Sensors
Image Sensors
Radar Sensors
Ultrasonic Sensors

Global Adaptive Cruise Control System Market: By Applications
Cars
Other Intelligent Vehicles

Global Adaptive Cruise Control System Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Adaptive Cruise Control System market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Global Adaptive Cruise Control System Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

Questions answered in the adaptive cruise control system market research report:
• What are the leading market players active in the adaptive cruise control system market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come

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