Adaptive Cruise Control (ACC) Market-converted

Adaptive Cruise Control (ACC) Market
Size, Key Vendors, Growth Rate, Drivers,
Volume and Forecast Report
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The incidence of road accidents is growing across the globe, and it can be curtailed by
integrating adaptive cruise control systems in vehicles. Road accidents are one of the prime
causes of deaths across the world, claiming over 1.3 million lives each year, as per the World
Health Organization (WHO). Globally, Africa registers the most road-traffic-related accidents,
whereas the Asia-Pacific (APAC) region accounts for the second-highest cases of road
accidents. To reduce their incidence, the demand for safety and comfort features has increased
notably in the automobile industry, especially since numerous governments have made them
mandatory.
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Automobile manufacturers are installing advanced driving assistance systems (ADAS),
primarily the adaptive cruise control system, to enhance the vehicle efficiency and
performance and prevent road accidents. Such systems slow down the vehicle if it comes too
close to another object on the road and only allow it to accelerate once the path is clear. On
account of these reasons, the adaptive cruise control market is expected to experience an
increase in its revenue from $4.8 billion in 2016 to $15.3 billion by 2023. According to P&S
Intelligence, the market will progress at an 18.3% CAGR during 2017–2023.
During the forecast period, the North American adaptive cruise control market is expected
to showcase the fastest growth due to the implementation of strict safety norms in the region.
Moreover, the increasing installation of these systems is an outcome of the growing concerns
among consumers regarding road safety. To enhance the awareness among consumers, the
National Highway Traffic Safety Administration (NHTSA) of the U.S. has initiated the United
States New Car Assessment Program (USNCAP). Additionally, the advancements in safety
features will enhance the rating of adaptive cruise systems, encouraging more people to go for
them.
Thus, the intensifying need for safety features in vehicles and amplifying support from the
government will augment the adoption of adaptive cruise control systems in the foreseeable
future.
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GLOBAL ADAPTIVE CRUISE CONTROL MARKET
• By Technology – Lidar, Radar, Laser and Ultrasonic

• By Application – Passenger Cars and Commercial Vehicles
• By End-use – OEMs and Aftermarket
• By Region – North America, Europe, Asia-Pacific and Rest of the World (RoW)
GLOBAL ADAPTIVE CRUISE CONTROL MARKET, BY GEOGRAPHY
North America Adaptive Cruise Control Market
• By Technology
• By End-use
• By Application
• By Country – U.S., Canada and Mexico
Europe Adaptive Cruise Control Market
• By Technology
• By End-use
• By Application
• By Country – Germany, U.K., France, Russia and Rest of Europe (RoE)
Asia-Pacific Adaptive Cruise Control Market
• By Technology
• By End-use
• By Application
• By Country – Japan, China, India, Rest of Asia-Pacific
Rest of the World (RoW) Adaptive Cruise Control Market
• By Technology
• By End-use
• By Application
• By Country – Brazil, Chile and Rest of RoW
This study covers
• Historical and the present size of the adaptive cruise control market
• Major factors driving the market and their impact during the short, medium, and long
terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their
comparative future potential
• Potential of on-demand logistics services, so the market players make informed
decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several
regions for uncovering market opportunities for the stakeholders
• Major players operating in the market and their service offerings
• Recent strategic developments by the major players in the market
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