Global Adaptive Cruise Control (ACC) Market Size, Share, Development, Growth and Demand Forecast to 2023

  • ID: 4340278
  • Report
  • Region: Global
  • 116 pages
  • P&S Market Research
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Market Overview

Adaptive Cruise Control regulates the speed of the vehicle to maintain a safe distance from other vehicles on the road. Increase in vehicle production and continued R&D towards vehicle safety is taking place in the adaptive cruise control market. The adaptive cruise control is an intelligent form of cruise control that slows down the vehicle if the preceding vehicle slows down, or if another object is detected, the system sends a signal to the braking system of engine to decelerate the speed of the vehicle. When the road is clear, the speed is restored. The market is segmented on the basis of technology, application, end-use and region. By technology, the market is segmented into radar, lidar, laser and ultrasonic. By application, the market is segmented into passenger cars and commercial vehicles. Further, by segment, the adaptive cruise control market is segmented into OEMs and aftermarket. The market by geography is segmented into Asia-Pacific, North America, Europe and Rest of the World.

Market Dynamics

The global adaptive cruise control market is expected to witness a CAGR of 18.3% during the forecast period to reach $15,290 million by 2023. Radar is currently one of the largest markets followed by Lidar, which is growing at the highest CAGR. Passenger cars has been the largest contributor to the global adaptive cruise control market and growing at the highest CAGR during the forecast period. North America and Europe collectively accounted for more than 65% in the global adaptive cruise control in 2016, owing to increase in manufacturing of passenger cars and commercial vehicles in developed countries such as the Germany, U.K., U.S. and Canada. Additionally, stringent government regulation towards vehicle safety in these region is expected to drive the market. Asia-Pacific is expected to contribute to the growth of adaptive cruise control mainly due to countries like China and India. Increasing vehicle production and increase in installations of safety devices in vehicles is expected to drive the market in this region.

Trends

The key trend driving the global adaptive cruise control market is strong growth in luxury vehicles as most of the vehicles are equipped with advanced safety features. The growth is mainly due to new product launches, expansion of dealer network by companies in the emerging market and better financing availability. The three German luxury car makers - Audi, Mercedes-Benz and BMW are expanding their dealer networks in the tier-2 and tier-3 cities. With increase in import duties and other taxes levied on imported cars, luxury car manufacturers have opted for product localization strategy, which helps them to reduce the overall cost of the vehicle. Increasing disposable income with a section of the population, which is the target audience for such products, is aiding the growth of luxury cars in the country. Awareness towards advance safety features and installing them in their vehicles is one of the emerging trend. To avoid road accidents and improve vehicle performance and efficiency, customers are asking automakers to install advanced driving assistance systems, especially the adaptive cruise control (ACC) system. Adaptive cruise control is one of the major safety systems, which is gaining attention and is widely being installed across different models, ranging from luxury vehicles to lower and mid-segment cars. Key models of automotive manufacturers that include Volkswagen Polo, Chevrolet Volt, Volkswagen Jetta, Nissan Murano and Ford Fusion come with adaptive cruise control system.

Growth Drivers

Increasing number of accidents is one of the major drivers propelling the growth of the adaptive cruise control market. Road accidents are among the leading causes of deaths across various regions around the globe, with Africa accounting for highest road traffic-related accidents, followed by Asia-Pacific. According to WHO, deaths due to road accidents worldwide increased from 1.25 million in 2013 to 1.34 million in 2015. Consequently, there has been an increasing demand for safety and comfort features in vehicles, which in turn, is encouraging the vehicle manufacturers to install the ACC system in the vehicles. Vehicle safety regulations and initiatives by various associations and trade unions are backing the increasing installations of ACC systems in vehicles. Governments and associations across the globe have been increasingly formulating multi-dimensional policies toward vehicle and passenger safety, increasing fuel efficiency and improving overall performance of the vehicle. Government regulations related to vehicle safety are increasingly becoming stringent and the vehicles produced across Europe and North America are required to be equipped with safety features such as ACC.

Growth Restraints

One of the major restraints for the global ACC market is the inability of ACC to give exact information in adverse weather conditions. The ACC uses a laser sensor, which fails to track exact data in case of heavy rainfall or snow, thus increasing the chances of road accidents. Radar-based adaptive cruise control is typically capable of tracking vehicles, regardless of paint or weather conditions; however, none of these ACC systems are infallible.

Competitive Landscape

The adaptive cruise control market is majorly dominated by Tier 1 players having presence across the globe. Some of the major players include Autoliv Inc., Continental AG, Denso Corporation, Delphi Automotive PLC, Robert Bosch GmbH, Valeo SA, Hyundai Mobis, ZF Friedrichshafen AG and Magna International Inc.

Scope for Customization

Customization is offered as per specific business requirements of clients. Illustrative customization within the scope of this report includes:
  • Period of Analysis -The adaptive cruise control study period, including historic and forecast years
  • Geographical Analysis - Increase in country coverage
  • Segment Analysis - More granular coverage related to:
  • Industry segmentation - The market can be further segmented on the basis of additional advance driver assistance systems. Market segmentation on the basis of software and hardware.
  • Company Profiles - Wider company coverage in terms of detailed analysis or additional company profiles
  • New custom report - A completely customized report can be provided on the market, specific to a region/ country/ segment
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1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Technology
1.3.2 Market Segmentation By Application
1.3.3 Market Segmentation By End-Use
1.3.4 Market Segmentation By Region
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Value
1.3.6.2 Volume
1.4 Key Stakeholders

2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents
2.2.1.1 By Region And Industry Participant
2.3 Market Breakdown And Data Triangulation
2.4 Assumptions For The Study

3. Executive Summary

4. Introduction
4.1 Market Segmentation
4.1.1 Overview By Technology
4.1.1.1 Radar
4.1.1.2 Lidar
4.1.1.3 Ultrasonic
4.1.1.4 Laser
4.1.2 Overview By Application
4.1.2.1 Passenger Cars
4.1.2.2 Commercial Vehicles
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends In Adaptive Cruise Control Market
4.3.1.1 Increasing Demand For Luxury Vehicles
4.3.1.2 Customer Awareness Towards Advanced Safety Features
4.3.2 Drivers In Adaptive Cruise Control Market
4.3.2.1 Increasing Number Of Road Accidents
4.3.2.2 Vehicle Safety Regulations And Initiatives
4.3.2.3 Impact Analysis Of Drivers On Market Forecast
4.3.3 Restraints In Adaptive Cruise Control Market
4.3.3.1 Poor Performance In Adverse Weather Conditions
4.3.3.2 Lack Of Coordination Between Government Regulations And Automaker
4.3.3.3 Expensive Product That Are Not Suitable For Heavy Traffic
4.3.3.4 Impact Analysis Of Restraints On Market Forecast
4.3.4 Opportunities In Adaptive Cruise Control Market
4.3.4.1 Increasing Electronic Integration In Vehicles
4.3.4.2 Growth In Demand For Driver Assist Systems
4.4 Porter’S Five Forces Analysis
4.4.1 Bargaining Power Of Buyers
4.4.2 Bargaining Power Of Suppliers
4.4.3 Threat Of New Entrants
4.4.4 Intensity Of Rivalry
4.4.5 Threat Of Substitutes

5. Global Adaptive Cruise Control Market, By Technology
5.1 Lidar
5.2 Radar
5.3 Laser
5.4 Ultrasonic

6. Global Adaptive Cruise Control Market, By End-Use
6.1 Original Equipment Manufacturers (Oems)
6.2 Aftermarket

7. Global Adaptive Cruise Control Market, By Application
7.1 Passenger Cars
7.2 Commercial Vehicles
7.2.1 Light Commercial Vehicles
7.2.2 Heavy Commercial Vehicles

8. Global Adaptive Cruise Control Market, By Geography
8.1 North America Adaptive Cruise Control Market
8.1.1 North America Adaptive Cruise Control Market, By Technology
8.1.2 North America Adaptive Cruise Control Market, By End-Use
8.1.3 North America Adaptive Cruise Control Market, By Application
8.1.4 North America Adaptive Cruise Control Market, By Country
8.2 Europe Adaptive Cruise Control Market
8.2.1 Europe Adaptive Cruise Control Market, By Technology
8.2.2 Europe Adaptive Cruise Control Market, By End-Use
8.2.3 Europe Adaptive Cruise Control Market, By Application
8.2.4 Europe Adaptive Cruise Control Market, By Country
8.3 Asia-Pacific Adaptive Cruise Control Market
8.3.1 Asia-Pacific Adaptive Cruise Control Market, By Technology
8.3.2 Asia-Pacific Adaptive Cruise Control Market, By End-Use
8.3.3 Asia-Pacific Adaptive Cruise Control Market, By Application
8.3.4 Asia-Pacific Adaptive Cruise Control Market, By Country
8.4 Rest Of The World Adaptive Cruise Control Market
8.4.1 Rest Of The World Adaptive Cruise Control Market, By Technology
8.4.2 Rest Of The World Adaptive Cruise Control Market, By End- Use
8.4.3 Rest Of The World Adaptive Cruise Control Market, By Application
8.4.4 Rest Of The World Adaptive Cruise Control Market, By Country

9. Competitive Landscape
9.1 Market Share Analysis Of Key Players
9.2 Competitive Analysis Of Key Players
9.3 Global Strategic Developments
9.3.1 Merger And Acquisition
9.3.2 Product Launch
9.3.3 Supply Contract
9.3.4 Partnership & Collaboration
9.3.5 Others

10. Company Profiles
10.1 Autoliv Inc.
10.1.1 Business Overview
10.1.2 Product And Service Offerings
10.1.3 Key Financial Summary
10.1.4 Strategic Growth Plans
10.2 Robert Bosch Gmbh
10.2.1 Business Overview
10.2.2 Product And Service Offerings
10.2.3 Key Financial Summary
10.2.4 Strategic Growth Plans
10.3 Delphi Automotive Plc
10.3.1 Business Overview
10.3.2 Product And Service Offerings
10.3.3 Key Financial Summary
10.3.4 Strategic Growth Plans
10.4 Continental Ag
10.4.1 Business Overview
10.4.2 Product And Service Offerings
10.4.3 Key Financial Summary
10.4.4 Strategic Growth Plans
10.5 Denso Corporation
10.5.1 Business Overview
10.5.2 Product And Service Offerings
10.5.3 Key Financial Summary
10.5.4 Strategic Growth Plans
10.6 Valeo Sa
10.6.1 Business Overview
10.6.2 Product And Service Offerings
10.6.3 Key Financial Summary
10.6.4 Strategic Growth Plans
10.7 Magna International Inc.
10.7.1 Business Overview
10.7.2 Product And Service Offerings
10.7.3 Key Financial Summary
10.7.4 Strategic Growth Plans
10.8 Mando Corporation
10.8.1 Business Overview
10.8.2 Product And Service Offerings
10.8.3 Key Financial Summary
10.8.4 Strategic Growth Plans
10.9 Hyundai Mobis Co., Ltd.
10.9.1 Business Overview
10.9.2 Product And Service Offerings
10.9.3 Key Financial Summary
10.9.4 Strategic Growth Plans
10.10 Zf Friedrichshafen Ag
10.10.1 Business Overview
10.10.2 Product And Service Offerings
10.10.3 Key Financial Summary
10.10.4 Strategic Growth Plans

11. Appendix
11.1 Abbreviations
11.2 Related Reports

List Of Tables
Table 1 Analysis Period Of The Study
Table 2 Global Adaptive Cruise Control Market Snapshot
Table 3 Drivers For The Market: Impact Analysis
Table 4 Restraints For The Market: Impact Analysis
Table 5 Global Adaptive Cruise Control Market, By Technology, $M (2013-2016)
Table 6 Global Adaptive Cruise Control Market, By Technology, $M (2017-2023)
Table 7 Global Adaptive Cruise Control Market, By End-Use, $M (2013-2016)
Table 8 Global Adaptive Cruise Control Market, By End-Use, $M (2017-2023)
Table 9 Global Adaptive Cruise Control Market, By Application, $M (2013-2016)
Table 10 Global Adaptive Cruise Control Market, By Application, $M (2017-2023)
Table 11 Global Commerical Vehicles Adaptive Cruise Control Market, By Application, $M (2013-2016)
Table 12 Global Commerical Vehicles Adaptive Cruise Control Market, By Applications, $M (2017-2023)
Table 13 North America Adaptive Cruise Control Market, By Technology, $M (2013-2016)
Table 14 North America Adaptive Cruise Control Market, By Technology, $M (2017-2023)
Table 15 North America Adaptive Cruise Control Market, By End-Use, $M (2013-2016)
Table 16 North America Adaptive Cruise Control Market, By End-Use, $M (2017-2023)
Table 17 North America Adaptive Cruise Control Market, By Application, $M (2013-2016)
Table 18 North America Adaptive Cruise Control Market, By Application, $M (2017-2023)
Table 19 North America Adaptive Cruise Control Market, By Country, $M (2013-2016)
Table 20 North America Adaptive Cruise Control Market, By Country, $M (2017-2023)
Table 21 Europe Adaptive Cruise Control Market, By Technology, $M (2013-2016)
Table 22 Europe Adaptive Cruise Control Market, By Technology, $M (2017-2023)
Table 23 Europe Adaptive Cruise Control Market, By End-Use, $M (2013-2016)
Table 24 Europe Adaptive Cruise Control Market, By End-Use, $M (2016-2023)
Table 25 Europe Adaptive Cruise Control Market, By Application, $M (2013-2016)
Table 26 Europe Adaptive Cruise Control Market, By Application, $M (2017-2023)
Table 27 Europe Adaptive Cruise Control Market, By Country, $M (2013-2016)
Table 28 Europe Adaptive Cruise Control Market, By Country, $M (2017-2023)
Table 29 Asia-Pacific Adaptive Cruise Control Market, By Technology, $M (2013-2016)
Table 30 Asia-Pacific Adaptive Cruise Control Market, By Technology, $M (2017-2023)
Table 31 Asia-Pacific Adaptive Cruise Control Market, By End-Use, $M (2013-2016)
Table 32 Asia-Pacific Adaptive Cruise Control Market, By End-Use, $M (2017-2023)
Table 33 Asia-Pacific Adaptive Cruise Control Market, By Application, $M (2013-2016)
Table 34 Asia-Pacific Adaptive Cruise Control Market, By Application, $M (2017-2023)
Table 35 Asia-Pacific Adaptive Cruise Control Market, By Country, $M (2013-2016)
Table 36 Asia-Pacific Adaptive Cruise Control Market, By Country, $M (2017-2023)
Table 37 Rest Of The World Adaptive Cruise Control Market, By Technology, $M (2013-2016)
Table 38 Rest Of The World Adaptive Cruise Control Market, By Technology, $M (2017-2023)
Table 39 Rest Of The World Adaptive Cruise Control Market, By End-Use, $M (2013-2016)
Table 40 Rest Of The World Adaptive Cruise Control Market, By End-Use, $M (2017-2023)
Table 41 Rest Of The World Adaptive Cruise Control Market, By Application, $M (2013-2016)
Table 42 Rest Of The World Adaptive Cruise Control Market, By Application, $M (2017-2023)
Table 43 Rest Of The World Adaptive Cruise Control Market, By Country, $M (2013-2016)
Table 44 Rest Of The World Adaptive Cruise Control Market, By Country, $M (2017-2023)
Table 45 Autoliv Inc.-At A Glance
Table 46 Robert Bosch Gmbh-At A Glance
Table 47 Delphi Automotive Plc-At A Glance
Table 48 Continental Ag-At A Glance
Table 49 Denso Corporation-At A Glance
Table 50 Valeo Sa-At A Glance
Table 51 Magna International Inc.-At A Glance
Table 52 Mando Corporation-At A Glance
Table 53 Hyundai Mobis Co., Ltd.-At A Glance
Table 54 Zf Friedrichshafen Ag-At A Glance

List Of Figures
Fig 1 Research Scope For Global Adaptive Cruise Control Market
Fig 2 Research Methodology For Global Adaptive Criuise Control Market
Fig 3 Regional Split Of Primary And Secondary Research For The Global Adaptive Cruise Control Market
Fig 4 Breakdown Of Primary Research By Region
Fig 5 Breakdown Of Primary Research By Industry Participant
Fig 6 Data Triangulation Approach For Global Adapative Cruise Control Market
Fig 7 Value Chain Analysis Of Global Acc Market
Fig 8 Porters Five Forces Analysis For The Adaptive Cruise Control Market
Fig 9 Global Adaptive Cruise Control Market Split, By Technology Type (2016)
Fig 10 Global Adaptive Cruise Control Market, By Technology, $M (2013-2023)
Fig 11 Global Lidar Adaptive Cruise Control Market, $M (2013-2023)
Fig 12 Global Radar Adaptive Cruise Control Market, $M (2013-2023)
Fig 13 Global Laser Adaptive Cruise Control Market, $M (2013-2023)
Fig 14 Global Ultrasonic Adaptive Cruise Control Market, $M (2013-2023)
Fig 15 Global Adaptive Cruise Control Market Split, By End-Use (2016)
Fig 16 Global Adaptive Cruise Control Market, By End-Use, $M (2013-2023)
Fig 17 Global Oems Adaptive Cruise Control Market, $M (2013-2023)
Fig 18 Global Aftermarket Aptive Cruise Control Market, $M (2013-2023)
Fig 19 Global Adaptive Cruise Control Market Split, By Application (2016)
Fig 20 Global Adaptive Cruise Control Market, By Application, $M (2013-2023)
Fig 21 Global Adaptive Cruise Control Market For Passenger Cars, $M (2013-2023)
Fig 22 Global Adaptive Cruise Control Market For Commercial Vehicles, $M (2013-2023)
Fig 23 Worldwide Major Markets For Adaptive Cruise Control
Fig 24 North America Adaptive Cruise Control Market Highlights
Fig 25 North America Adaptive Cruise Control Market, $M (2013-2023)
Fig 26 Europe Adaptive Cruise Control Market Highlights
Fig 27 Europe Adaptive Cruise Control Market, $M (2013-2023)
Fig 28 Asia-Pacific Adaptive Cruise Control Market Highlights
Fig 29 Asia-Pacific Adaptive Cruise Control Market, $M (2013-2023)
Fig 30 Rest Of The World Adaptive Cruise Control Market Highlights
Fig 31 Rest Of The World Adaptive Cruise Control Market, $M (2013-2023)
Fig 32 Global Adapative Cruise Control Market Share Of Key Players (2016)
Fig 33 Revenue Split By Segment And Geography (2016)
Fig 34 Revenue Split By Segment And Geography (2016)
Fig 35 Revenue Split By Segment And Geography (2016)
Fig 36 Revenue Split By Segment (2016)
Fig 37 Revenue Split By Segment (2016)
Fig 38 Revenue Split By Geography (2016)
Fig 39 Revenue Split By Geography (2016)
Fig 40 Revenue Split By Segment And Geography (2015)
Fig 41 Revenue Split By Segment And Geography (2016)
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