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Automotive Adaptive Cruise Control Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Automotive Adaptive Cruise Control
What Is the Current Automotive Adaptive Cruise Control Market Size and Its Estimated Growth Rate?
There has been a quick expansion in the size of the automotive adaptive cruise control market in the past few years. The market value is predicted to increase from $22.87 billion in 2024 to $25.32 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.7%. Factors such as regulatory requirements, a surge in passenger car sales, economic prosperity, and governmental aid have contributed to this growth during the historic period.
In the upcoming years, the automotive adaptive cruise control market is anticipated to experience a swift expansion. The market is projected to escalate to $37.98 billion by 2029, with a compound annual growth rate (CAGR) of 10.7%. The growth during the forecast period is due to factors like a growing focus on vehicle security, increased vehicle sales, the surge in connected vehicles, heightened urbanization, and an increase in disposable income. Noteworthy trends during the forecast period comprise advanced sensor fusion, the incorporation of machine learning and artificial intelligence, driver monitoring systems, long-range radar, and cooperative adaptive cruise control (CACC).
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How Are Emerging Segments Shaping the Automotive Adaptive Cruise Control Market Landscape?
The automotive adaptive cruise control market covered in this report is segmented -
1) By Component: LIN, CAN, ECU, MCU, Wire harness
2) By Technology: RADAR Sensor, LIDAR Sensor
3) By Mode Of Operation: Normal Adaptive Cruise Control System, Connected Adaptive Cruise Control System
4) By Vehicle: Passenger Vehicle, Commercial Vehicle
5) By Distribution Channel: OEM, After market
Subsegments:
1) By LIN (Local Interconnect Network): LIN Transceivers, LIN Controllers
2) By CAN (Controller Area Network): CAN Transceivers, CAN Controllers
3) By ECU (Electronic Control Unit): Adaptive Cruise Control ECUs, Centralized ECUs
4) By MCU (Microcontroller Unit): 8-bit MCUs, 16-bit MCUs, 32-bit MCUs
5) By Wire Harness: Adaptive Cruise Control Wire Harnesses, Connector Assemblies for Wire Harnesses
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Which Growth Factors Are Influencing Automotive Adaptive Cruise Control Market Expansion?
The growth of the automotive adaptive cruise control market is predicted to be fueled by the increasing number of road accidents. Road accidents are defined as any mishaps on the road that result in injury due to collisions initiated, ended, or involved a vehicle partially or entirely on a public roadway. By utilizing technology to slow traffic and adjust the speed of vehicles automatically, the automotive adaptive cruise control system can play a pivotal role in curbing road accidents. For instance, data from the Ministry of Road Transport and Highway - an India-based ministry - show that in 2022, there were a total of 3.66k road accidents reported by states and union territories. These accidents unfortunately claimed the lives of around 13.17k individuals and injured 3.48k others. Consequently, the increasing number of road accidents is propelling the growth of the automotive adaptive cruise control market.
Who Are the Dominant Players Across Different Automotive Adaptive Cruise Control Market Segments?
Major companies operating in the automotive adaptive cruise control market include Magna International Inc, Continental AG, Denso Corporation, Hitachi Automotive Systems Ltd., Robert Bosch GmbH, Valeo SA, Hyundai Motor Company, ZF Friedrichshafen AG, Mando Corporation, Nidec Elesys America Corporation, Velodyne Lidar, Knorr-Bremse AG, Eaton Corporation plc, ADVICS Co Ltd, Visteon Corporation, Autoliv Inc., Delphi Automotive LLP, WABCO Holdings Inc., TRW Automotive Holdings Corp., Hella KGaA Hueck & Co., Mobileye N.V., Gentex Corporation, Aptiv plc, Infineon Technologies AG, NXP Semiconductors N.V., Texas Instruments Inc., STMicroelectronics N.V., Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corporation, Maxim Integrated Products Inc., Melexis NV, Sensata Technologies Inc., TE Connectivity Ltd., Panasonic Corporation, Toshiba Corporation
What Are the Latest Developing Trends in the Automotive Adaptive Cruise Control Market?
The proliferation of technological innovations is a fundamental trend becoming more prevalent in the automotive adaptive cruise control sector. Major players in this market are concentrating on creating new tech-based solutions to consolidate their market standing. For example, in October 2023, Renesas, a Japanese semiconductor company, unveiled new induction motor position sensing technology. This technology allows for the accurate detection of the rotor's position in induction motors, which in turn optimizes performance across a range of applications, such as electric vehicles and industrial automation systems. The technology utilizes sensors or advanced algorithms to measure parameters like voltage and current waveforms, which results in exact control of motor functions. The precise determination of the rotor's position by the technology enhances the efficiency and responsiveness of motor control systems, leading to enhanced torque output, reduced energy expenditure, and improved overall reliability of the system. This technology holds particular relevance in the realm of sophisticated automotive systems, such as electric drivetrains and adaptive cruise control.
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Which Geographic Regions Are Expected to Dominate the Automotive Adaptive Cruise Control Market in the Coming Years?
North America will be the largest region in the automotive adaptive cruise control market in 2024. The regions covered in the automotive adaptive cruise control market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Adaptive Cruise Control Market?
2. What is the CAGR expected in the Automotive Adaptive Cruise Control Market?
3. What Are the Key Innovations Transforming the Automotive Adaptive Cruise Control Industry?
4. Which Region Is Leading the Automotive Adaptive Cruise Control Market?
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