Global Automotive Adaptive Cruise Control Market Insights Forecasts to 2033

• The Global Automotive Adaptive Cruise Control Market Size was Valued at USD 15.63 Billion in 2023
• The Market Size is Growing at a CAGR of 16.57% from 2023 to 2033
• The Worldwide Automotive Adaptive Cruise Control Market Size is Expected to Reach USD 72.39 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

The Global Automotive Adaptive Cruise Control Market Size is Anticipated to Exceed USD 72.39 Billion by 2033, Growing at a CAGR of 16.57% from 2023 to 2033.

Market Overview

The adaptive cruise control system is a unique driver assistance feature that aids in maintaining a safe distance from another vehicle. The automotive adaptive cruise control system automatically changes the vehicle's speed to keep a safe distance from the vehicles ahead. The vehicle’s speed is automatically modified, either slowing it down or increasing it. The automotive adaptive cruise control technology is also known as intelligent technology. The automotive adaptive cruise control system uses technologies such as light detection and ranging (LIDAR) sensors, ultrasonic sensors, image sensors, laser sensors, radar sensors, and others. Automotive adaptive cruise control has several key advantages, including accident prevention, an easier commute, less stress, and increased driving comfort. Autonomous vehicles are outfitted with automotive adaptive cruise control technologies to improve driving enjoyment and safety. Furthermore, an increase in the frequency of road accidents caused by speeding and violating traffic restrictions is boosting demand for adaptive cruise control systems. In addition, governments have adopted strict speed restrictions and overtaking regulations to prevent car collisions on highways. Thus, the implementation of severe road safety laws is driving growth in the vehicle adaptive cruise control market.

Report Coverage

This research report categorizes the market for the global automotive adaptive cruise control market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global automotive adaptive cruise control market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global automotive adaptive cruise control market.

Driving Factors

Increasing customer demand for improved collision avoidance systems is one of the primary reasons driving the market's favorable expansion. A growth in traffic accidents is predicted to increase demand for automotive adaptive cruise control systems during the forecast period. Advances in adaptive cruise control have also driven up market demand. Increasing disposable income and shifting tastes for purchasing vehicles equipped with these technologies are expected to increase the industry. Rising passenger car sales are also expected to drive the automotive adaptive cruise control market throughout the forecast period. Furthermore, many governments have devised novel measures to reduce the growing number of traffic accidents around the world. To increase automobile safety, governments around the world are putting strict regulations on automakers. Several transportation groups and trade unions have published safety norms governing the installation of automotive adaptive cruise control systems in cars. Top manufacturers are investing considerably in R&D to provide long-range RADAR paired with adaptive cruise control, which changes the vehicle's speed based on traffic circumstances.

Restraining Factors

The automotive adaptive cruise control systems market is restrained due to insufficient infrastructural support. To function properly, automotive adaptive cruise control relies on advanced road infrastructure such as reliable GPS systems, road sensors, and communication networks. Poorly maintained roads, poor road signage, and unreliable GPS signals can all reduce the accuracy and usefulness of automotive adaptive cruise control systems. Furthermore, implementing infrastructure for automotive adaptive cruise control, such as dedicated lanes or roadside devices, necessitates significant investment and collaboration among government agencies, technology providers, and automobile manufacturers. These variables are hampering the worldwide automobile adaptive cruise control market.

Market Segmentation

The global automotive adaptive cruise control market share is classified into technology, vehicle type, and end use.

• The light detection and ranging (LIDAR) sensors segment is expected to hold the largest share of the global automotive adaptive cruise control market during the forecast period.   

Based on the technology, the global automotive adaptive cruise control market is divided into light detection and ranging (LIDAR) sensors, ultrasonic sensors, image sensors, laser sensors, radar sensors, and others. Among these, the light detection and ranging (LIDAR) sensors segment is expected to hold the largest share of the global automotive adaptive cruise control market during the forecast period. The automotive industry's growing interest in highly safe and efficient self-driving vehicles drives demand for LiDAR technology. LiDAR is a technology that uses lasers to detect the distance between the vehicle and an obstacle and sends signals to the adaptive cruise control system to control the vehicle's speed.

• The commercial vehicles segment is expected to grow at the fastest CAGR in the global automotive adaptive cruise control market during the forecast period.   

Based on the vehicle type, the global automotive adaptive cruise control market is divided into commercial vehicles, passenger cars, and others. Among these, the commercial vehicles segment is expected to grow at the fastest CAGR in the global automotive adaptive cruise control market during the forecast period. The booming e-commerce and logistics industries have increased the demand for commercial vehicles equipped with automotive adaptive cruise control systems. Driving for long hours can be exhausting for commercial vehicle drivers. The automotive adaptive cruise control system is in charge of keeping a safe distance between the vehicle ahead and preventing driver fatigue by allowing the driver to focus on other aspects of driving.

• The OEMs segment is expected to grow at the fastest CAGR in the global automotive adaptive cruise control market during the forecast period.   

Based on the end use, the global automotive adaptive cruise control market is divided into OEMs, and aftermarket. Among these, the OEMs segment is expected to grow at the fastest CAGR in the global automotive adaptive cruise control market during the forecast period. This is due to the automotive adaptive cruise control systems are either standard or optional features on many OEM vehicles, and they are usually covered by warranties.

Regional Segment Analysis of the Global Automotive Adaptive Cruise Control Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global automotive adaptive cruise control market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the global automotive adaptive cruise control market over the predicted timeframe. The availability of low-cost raw materials and the mass production of automotive adaptive cruise control technology are driving market growth. The region has made significant advancements in automotive technology, such as sensors, radar, and artificial intelligence. Automakers and technology companies are collaborating to improve adaptive cruise control systems. For example, in 2020, BlackBerry Ltd. formed a partnership with StradVision, a leading provider of AI-based camera recognition technology. StrandVision will use the QNX software development platform in several advanced driver assistance systems (ADAS) and autonomous vehicles (AV) developed by various Korean automakers as part of this collaboration.

Europe is expected to grow at the fastest pace in the global automotive adaptive cruise control market during the forecast period. This is due to the rising popularity of major automakers like Audi, BMW, and others. Furthermore, the German automotive adaptive cruise control market had the highest market share, while the UK automotive adaptive cruise control market was the fastest-growing market in the European region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global automotive adaptive cruise control market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Continental AG
• Robert Bosch GmbH
• Mando Corporation
• ZF Friedrichafen AG
• Nxp Semiconductors
• Valeo
• Denso
• Velodyne Lidar, Inc.
• Luminar Technologies, Inc
• Autoliv, Inc.
• Magna International
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In August 2023, ZF created an innovative technology called ZF Eco Control 4 ACC, which is a predictive adaptive cruise control system. This advanced system extends vehicles' driving range by an additional 8%. This ACC add-on incorporates Embotech's Model Predictive Control (MPC) optimization technique.

• In June 2023, Plus, a developer of fully autonomous and self-driving vehicles, chose Luminar as its long-range LiDAR provider to support its PlusDrive-assisted commercial vehicle driving system.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global automotive adaptive cruise control market based on the below-mentioned segments: 

Global Automotive Adaptive Cruise Control Market, By Technology

• Light Detection and Ranging (LiDAR) Sensors
• Ultrasonic Sensors
• Image Sensors
• Laser Sensors
• RADAR Sensors
• Others

Global Automotive Adaptive Cruise Control Market, By Vehicle Type

• Commercial Vehicles
• Passenger Cars
• Others

Global Automotive Adaptive Cruise Control Market, By End Use

• OEMs
• Aftermarket

Global Automotive Adaptive Cruise Control Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa