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.
Competitive Landscape
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.
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Adaptive Cruise Control Market by Category
By Technology:
- Ultrasonic Sensor
- Lidar Sensor
- Radar Sensor
- Camera Sensor
- Infrared Sensor
- Pressure Sensor
By Sales Channel:
- OEM
- Aftermarket
By Vehicle Type:
- Passenger Vehicles
- LCV
- HCV
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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