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Reducing Road Accidents Through Automotive Adaptive Cruise Control Systems: The Driving Engine Behind Automotive Adaptive Cruise Control Market Evolution in 2025
Automotive Adaptive Cruise Control Market
Automotive Adaptive Cruise Control Market Size Growth Forecast: What to Expect by 2025?
The market size of automotive adaptive cruise control has seen significant growth in the past few years. There is an expected increase from a market value of $22.87 billion in 2024 to that of $24.92 billion in 2025, marking a compound annual growth rate (CAGR) of 9.0%. Factors contributing to the growth during the historical period include regulatory mandates, an increase in passenger car sales, economic progress, and support from the government.
How Will the Automotive Adaptive Cruise Control Market Size Evolve and Grow by 2029?
The market size of automotive adaptive cruise control is projected to witness sharp expansion in the coming years, escalating to $36.62 billion by 2029 with a compound annual growth rate (CAGR) of 10.1%. The anticipated growth during the forecast period can be connected to a heightened focus on vehicle safety, increased vehicle sales, growth in connected vehicles, urbanization, and a rise in disposable income. The projected period is also expected to see significant trends such as improved sensor fusion, the incorporation of machine learning and AI, driver monitoring systems, long-range radar, and cooperative adaptive cruise control (CACC).
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What Drivers Are Propelling the Growth of Automotive Adaptive Cruise Control Market Forward?
The increase in road mishaps is anticipated to enhance the expansion of the automotive adaptive cruise control market in the future. A road mishap is a term coined for any unfortunate circumstance that takes place on the road, resulting in injuries due to crash incidents, partially or wholly involving a vehicle on a public road. The automotive adaptive cruise control system mitigates road incidents using technology that lessens traffic congestion upfront and adjusts the vehicle's speed automatically. For example, the Ministry of Road Transport and Highway, a ministry based in India, recorded a total of 3.66k road mishaps in 2022 reported by states and union territories, causing the death of 13.17k individuals and injuring 3.48k others. Therefore, the increase in road mishaps is fostering the expansion of the automotive adaptive cruise control market.
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What Long-Term Trends Will Define the Future of the Automotive Adaptive Cruise Control Market?
Developments in technology are becoming an increasingly significant trend in the automotive adaptive cruise control sector. Many prominent businesses in this market are striving to innovate new tech-oriented solutions to solidify their standings. An example of this is Renesas, a Japanese semiconductor enterprise, introducing induction motor position sensing technology in October 2023. This technology is proficient in identifying the position of the rotor in induction motors, which optimizes performance in a wide range of applications including electric vehicles and industrial automation. This technology employs sensors or sophisticated algorithms, which measure factors like voltage and current waveforms, thus facilitating exact control of motor functions. It determines accurately the rotor's location, enhancing the competency and alertness of motor control systems. This leads to an amplified torque output, lower energy usage, and increased reliability of the overall system. Its usage is incredibly important in advanced automotive systems, such as electric drivetrains and adaptive cruise control.
What Are the Key Segments in the Automotive Adaptive Cruise Control Market?
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, Aftermarket
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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Who Are the Key Players Shaping the Automotive Adaptive Cruise Control Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Automotive Adaptive Cruise Control Market?
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.
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