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Adaptive Cruise Control (ACC) Market Share

Report ID: GMI10406
Published Date: Jul 2024
Report Format: PDF

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Adaptive Cruise Control Market Share

Bosch and Continental AG collectively held a significant share of the adaptive cruise control (ACC) industry in 2023. Bosch is a leading player in the automotive technology sector, actively developing a diverse range of Adaptive Cruise Control (ACC) solutions and advancing driver assistance systems. The company’s extensive portfolio includes innovative ACC systems, high-performance camera systems, and advanced electronic control units (ECUs), all designed to enhance vehicle safety, comfort, and automation. With significant investments in research and development, Bosch is committed to driving the evolution of smart mobility and supporting the future of connected vehicles.

Continental AG is a prominent force in the automotive technology industry, focused on delivering advanced solutions for Adaptive Cruise Control (ACC) and driver assistance systems. The company offers a comprehensive range of products, including cutting-edge ACC systems, robust radar and camera systems, and sophisticated electronic control units (ECUs). With a strong emphasis on innovation and safety, Continental is dedicated to enhancing vehicle automation and connectivity, positioning itself as a key player in the future of smart mobility.

Adaptive Cruise Control Market Companies

Major players operating in the adaptive cruise control (ACC) industry are:

Bosch
Continental AG
Denso Corporation
Magna International Inc.
Valeo SA
ZF Friedrichshafen AG
Autoliv Inc.

Authors: Suraj Gujar , Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of adaptive cruise control (ACC) reached USD 4.3 billion in 2023 and is set to record a CAGR of over 10% between 2024 and 2032, due to technological advancements, and growing awareness of road safety among consumers.

The integrated ACC systems segment is expected to reach over USD 5 billion by 2032, propelled by the automotive industry's shift towards producing more intelligent and interconnected vehicles, alongside the wider acceptance of electric and autonomous vehicles.

The North America market is expected to reach USD 4 billion by 2032, primarily driven by a robust automotive sector, significant investments in R&D, and consumer preferences for advanced safety features.

Bosch, Continental AG, Denso Corporation, Magna International Inc., Valeo SA, ZF Friedrichshafen AG, and Autoliv Inc.