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The global automotive adaptive cruise control market value is expected to grow at a CAGR of about 14.50% in the forecast period of 2024-2032, driven by the rapid shift toward a better lifestyle and preference for high-end cars.
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Rising interest in improved lifestyles and a preference for high-end vehicles are driving the demand for advanced cruise control systems in emerging markets. Europe, renowned for its luxury vehicles and automotive advancements, is a key player in the market’s growth. The robust economy and rising disposable income further support the automotive adaptive cruise control industry growth.
Rising demand for passenger vehicles in France, Germany, the United Kingdom, and Italy is increasing the need for automotive adaptive cruise control systems in these areas. North America is also a significant market for these systems, driven by high levels of car production and strict safety standards.
The automotive adaptive cruise control market dynamics and trends are propelled by advancements in manufacturing processes and innovations in product design, which help sustain a prominent market position. Moreover, established industry leaders, automotive manufacturers, and early adoption of advanced ACC systems are contributing to the automotive adaptive cruise control market demand across different regions.
According to the International Organization of Motor Vehicle Manufacturers (OICA), the global motor vehicle production landscape has shown significant recovery and growth in various regions from 2019 to 2023. Europe, after experiencing a decline in vehicle production from 21,268,772 units in 2019 to 16,092,840 units in 2022, saw a notable rebound to 18,122,449 units in 2023.
The European Union, including 27 countries plus the UK, showed resilience by rebounding from a low of 13,608,762 units in 2022 to 15,344,611 units in 2023. Germany notably boosted production from 3,480,357 units in 2022 to 4,109,371 units in 2023, which positively influenced the growth in the automotive adaptive cruise control industry revenue.
In the American region, the NAFTA countries exhibited a robust recovery, with total vehicle production rising from 13,374,404 units in 2020 to 16,166,628 units in 2023. The United States, a key player in this region, increased its production from 8,821,026 units in 2020 to 10,611,555 units in 2023. This upward trend is mirrored in South America, where production surged from 23,185,523 units in 2020 to 29,701,263 units in 2023, underscoring the region's strengthening automotive industry.
Asia-Oceania has emerged as a dominant player in global vehicle production, with the region’s output increasing from 44,276,549 units in 2020 to 55,115,837 units in 2023. China and India have been key contributors to this growth, with China’s production rising from 25,750,650 units in 2019 to 30,160,966 units in 2023, and India’s production climbing from 4,524,366 units in 2019 to 5,851,507 units in 2023. These figures highlight the significant impact of these nations on the global automotive industry driving up the automotive adaptive cruise control market revenue.
In Africa, vehicle production has also seen growth, recovering from 776,247 units in 2020 to 1,171,422 units in 2023. South Africa has been instrumental in this rebound, with its production slightly increasing from 631,921 units in 2019 to 633,337 units in 2023. Despite the challenges posed by the pandemic, this upward trend supports the demand in the automotive adaptive cruise control market.
Globally, vehicle production has rebounded robustly from pandemic-related setbacks, rising from 77,438,570 units in 2020 to 93,546,599 units in 2023. This resurgence demonstrates the resilience and adaptability of the global automotive industry, with notable contributions from key regions and countries.
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“Global Automotive Adaptive Cruise Control Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Vehicle
Market Breakup by Component
Market Breakup by Region
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Various government attempts to increase vehicle fuel efficiency and safety qualities encourage manufacturers to implement such integrated systems to ensure safety and compliance with regulatory laws. Enormous investments to improve automotive safety technologies in the United Kingdom and Germany influence the regional automotive adaptive cruise control market growth.
Many automotive suppliers and OEMs are focusing on developing advanced adaptive cruise control. Key manufacturers are forming strategic alliances with local dealers and automotive manufacturers to expand their business in countries where stringent regulations restrict them from exporting these systems, thereby propelling the growth of the automotive adaptive cruise control market revenue.
The companies are automotive supplier that specialises in tyres, brake systems, vehicle electronics, and other automotive components. The companies provide solutions aimed at improving safety, efficiency, and connectivity in vehicles.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Vehicle |
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| Breakup by Component |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Automotive Adaptive Cruise Control Market Size
Automotive Adaptive Cruise Control Market Growth
Automotive Adaptive Cruise Control Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global automotive adaptive cruise control market value is assessed to grow at a CAGR of 14.50% between 2024 and 2032.
The major drivers of the market include increased car manufacturing, rise in passenger safety awareness, technological advancements, rising population, rising personal disposable income, strict government regulations, and enormous investments to improve automotive safety.
An increase in the frequency of road accidents and a rise in the demand for luxury cars are the key industry trends propelling the market's growth.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The different types include normal adaptive cruise control and connected adaptive cruise control.
Based on vehicle the market is divided into passenger cars and commercial vehicles.
Based on components the market is divided into LiDAR, RADAR, and others.
The competitive landscape consists of Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Mando Corporation, Valeo, and Delphi Technologies (BorgWarner Inc.), among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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