According to Future Market Insights, the global adaptive cruise control market is expected to grow at a 12.7 percent CAGR between 2022 and 2032. (FMI). Adaptive cruise control (ACC) is a sensor-based system for controlling the acceleration and braking of a vehicle.
In the predicted period, rising traffic and the number of on-road cars will drive up demand for adaptive cruise control systems. Sensors like radar and laser systems are integrated with adaptive cruise control to ensure passenger and vehicle safety.
Furthermore, the global expansion of the automotive industry is increasing market sales. To assist drivers, advanced driver assistance systems are required in automobiles. Adaptive cruise control system manufacturers are concentrating on developing high-performance sensors with a larger detection range.
According to FMI, the worldwide adaptive cruise control market will be dominated by Europe throughout the forecast period. By 2032, the European adaptive cruise control market is expected to reach US$ 4,399.2 million.
Continental AG, Robert Bosch GmbH, Valeo SA, Magna International, Delphi Automotive, ZF Friedrichshafen, Aisin Corporation, Hitachi Astemo, Hella KGaA Hueck Co, KG, Pacific Industrial Co. Ltd and others.