Strong Growth Ahead: Adaptive Cruise Control And Blind Spot Detection Market Size To Grow At Arecord 14% Cagr By 2029

The Adaptive Cruise Control And Blind Spot Detection Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Adaptive Cruise Control And Blind Spot Detection Market Size Expected to Be by 2034?
The market size for adaptive cruise control and blind spot detection has been expanding swiftly in the past years. Its growth is predicted to surge from $3.79 billion in 2024 to $4.33 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 14.3%. The escalation in the historical timeframe can be credited to factors such as increasing traffic gridlock, incorporation with car-to-car communication, unfolding urbanization trends, vehicle modernization, and environmental apprehensions.

The market for adaptive cruise control and blind spot detection is on track for rapid expansion in the coming years, with a projection to achieve a value of $7.31 billion by 2029. This translates to a compound annual growth rate (CAGR) of 14.0%. This expected growth within the forecast period is due to factors such as the use in fleet management, the rise of electric vehicles (EVs), partnerships among original equipment manufacturers, and the push for improved fuel efficiency. Key trends projected for this period are the enlargement into commercial vehicle sectors, the merger with advanced driver assistance systems (ADAS), the creation of multi-sensor fusion systems, the progression of user interfaces, the growth of autonomous driving features, improved sensor technologies, and the fusion of AI and machine learning.

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What Are the Emerging Segments Within the Adaptive Cruise Control And Blind Spot Detection Market?
The adaptive cruise control and blind spot detection market covered in this report is segmented -

1) By Type: Adaptive Cruise Control (ACC), Blind Spot Detection (BSD)
2) By Vehicle Type: Passenger Cars, Commercial Vehicles
3) By Technology: Infrared, Radar, Image, Other Technologies
4) By Sales Channel: Original Equipment Manufacturer, After market

Subsegments:
1) By Adaptive Cruise Control (ACC): Radar-Based ACC, Camera-Based ACC, LiDAR-Based ACC, Ultrasonic Sensor-Based ACC
2) By Blind Spot Detection (BSD): Radar-Based BSD, Camera-Based BSD, Ultrasonic Sensor-Based BSD

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What Long-Term Drivers Are Shaping Adaptive Cruise Control And Blind Spot Detection Market Trends?
The anticipated growth of the adaptive cruise control and blind spot detection market is linked to the escalating number of traffic accidents. Factors such as increased miles travelled by vehicles, heightened instances of distracted driving, speeding, intoxicated driving, driver fatigue, roadway infrastructure issues, and poor weather conditions contribute to the surge in motor vehicle accidents. Adaptive cruise control and blind spot detection play a significant role in diminishing accidents by improving driver alertness, preserving safe gaps between vehicles, and notifying drivers about vehicles in their blind spots. For instance, the National Highway Traffic Safety Administration (NHTSA) reported in August 2022 that in the first quarter of the same year, road accidents led to the death of 9,560 individuals, marking a 7% rise from the previous year's 8,935 deaths. Consequently, the mounting number of accidents fuels the growth of the adaptive cruise control and blind spot detection market.

Who Are the Top Competitors in Key Adaptive Cruise Control And Blind Spot Detection Market Segments?
Major companies operating in the adaptive cruise control and blind spot detection market are Honda Motor Co. Ltd., Robert Bosch GmbH, Panasonic Corporation, Denso Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis, Magna International Inc., Valeo SA, Lear Corporation, Texas Instruments Incorporated, Aptiv PLC, Infineon Technologies AG, NXP Semiconductors, BorgWarner Inc., Renesas Electronics Corporation, Autoliv Inc., Hella KGaA Hueck & Co., Garmin Ltd., Visteon Corporation, Mobileye Global Inc., TomTom N.V.

What Adaptive Cruise Control And Blind Spot Detection Market Trends Are Gaining Traction Across Different Segments?
Dominant corporations in the adaptive cruise control and blind spot detection industry are concentrating on integrating automated driving support features like the mobileye superVision pilot functions to improve their marketplace offerings. This pilot function, developed by Mobileye, offers cutting-edge driver support features, such as adaptive cruise control, lane-keeping aids, pedestrian identification, and traffic sign recognition, all aimed at increasing safety and convenience. As an example, ZEEKR, a car manufacturer based in China, proclaimed in September 2023 that they would integrate Mobileye's superVision Pilot functions into 110,000 ZEEKR vehicles, a move made possible by a partnership with Mobileye Global Inc., a systems software company based in Israel. The new enhancements make the most of superVision's 11-camera 360 degree peripheral vision sensing capability and other Mobileye technologies, equipping the system to build an environmental model and extract meaningful data such as average speed and habitually driven paths. The system integrates two EyeQ system-on-chips and eleven cameras for complete 360-degree computer vision coverage and also incorporates REM-generated mapping and an RSS-based driving policy.

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Which Regions Are Becoming Hubs for Adaptive Cruise Control And Blind Spot Detection Market Innovation?
Asia-Pacific was the largest region in the adaptive cruise control and blind spot detection market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the adaptive cruise control and blind spot detection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Adaptive Cruise Control And Blind Spot Detection Market?
2. What is the CAGR expected in the Adaptive Cruise Control And Blind Spot Detection Market?
3. What Are the Key Innovations Transforming the Adaptive Cruise Control And Blind Spot Detection Industry?
4. Which Region Is Leading the Adaptive Cruise Control And Blind Spot Detection Market?

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