Automotive Adaptive Cruise Control Market Exhibits Growth Potential Emerging Trends Increasing
Demand Forecast for 2017-2023
The automotive adaptive cruise control market is garnering significant traction across the globe. The
market growth attributes to the development of futuristic automotive technologies, increasing
passenger safety. Owing to the vital role that these adaptive cruise control (ACC) systems play in
improving automotive safety, the global automotive ACC market is growing pervasively at a rapid pace.
Moreover, the increasing sale of passenger cars in emerging countries and growing need for passenger
safety escalate the market demand. Market Research Future (MRFR) asserts that the global automotive
adaptive cruise control market is expected to reach approximately USD 15,457.25 MN by 2023, growing
at 8.56% CAGR throughout the review period (2017-2023).
Additionally, the proliferation of auto-driven/ driverless cars increases the demand for adaptive cruise
control systems. Advancements in technology have driven the automakers and vehicle owners to install
adaptive cruise control in their vehicles for improved safety. The demand for better passenger safety has
led to the growing use of adaptive cruise control in their vehicles.
Also, rising numbers of road accidents have led to an increase in the installation of adaptive cruise
control in automobiles. Conversely, high capital investments associated with the installation of ACC
systems in automotive is a significant factor projected to impede the market growth. Nevertheless,
augmenting demand for safety technologies would support market growth throughout the review
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Automotive Adaptive Cruise Control Market – Segments
The report is segmented into four dynamics;
By Technology : Lidar, Radar, Laser, and Ultrasonic.
By Vehicle Type: Passenger and Commercial Vehicle.
: OEM and Aftermarket.