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Adaptive Cruise Control (ACC) Market Trends

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

Adaptive Cruise Control Market Trends

Innovations in sensor technologies and artificial intelligence (AI) are driving significant advancements in adaptive cruise control (ACC) systems, enhancing their performance, reliability, and overall user experience. These innovations are pivotal in the evolution of advanced driver assistance systems (ADAS) and are shaping the future of automotive safety and automation. High-resolution cameras are crucial for interpreting visual data, enabling features such as lane-keeping assist and traffic sign recognition. Innovations in camera technology enhance the accuracy and reliability of ACC systems, contributing to overall vehicle safety.
 

For instance, in December 2023, Valeo produced its 20 millionth front camera system utilizing Mobileye EyeQ technology, just a year after reaching 10 million units. This milestone is particularly significant for the adaptive cruise control (ACC) market, as these front camera systems play a crucial role in enabling ACC functionalities alongside other key safety features. The front camera systems support essential safety features, including autonomous emergency braking, adaptive cruise control, lane keeping assist, and traffic sign recognition. With expectations that by 2030, approximately 90% of new cars will be equipped with advanced driver assistance technologies.
 

The integration of Adaptive Cruise Control (ACC) with electric and autonomous vehicles is a transformative trend that enhances driving efficiency, safety, and user experience. As the automotive industry shifts towards electrification and automation, ACC plays a crucial role in this evolution. ACC systems are particularly beneficial for electric vehicles, optimizing their energy consumption and range.
 

By maintaining a consistent speed and safe following distance, ACC helps reduce unnecessary acceleration and braking, leading to improved battery efficiency. This integration allows EVs to maximize their driving range while providing a smooth driving experience. The incorporation of AI and machine learning in ACC systems enables continuous learning and adaptation to various driving conditions. This capability is essential for both electric and autonomous vehicles, as it allows the system to improve over time and respond to dynamic environments.

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.

Adaptive Cruise Control Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 348
  • Countries covered: 21
  • Pages: 220
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