The Latin America, Middle East and Africa Adaptive Cruise Control (ACC) Market is expected to witness market growth of 19.6% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Adaptive Cruise Control (ACC) Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.10 billion by 2031. The Argentina market is showcasing a CAGR of 20.6% during 2024-2031. Additionally, the UAE market would register a CAGR of 18.5% during 2024-2031.
As the technology behind ACC systems has become more affordable and accessible, manufacturers can integrate it into a broader range of vehicles. Advancements in sensor technology, such as radar and lidar, and machine learning algorithms have made ACC systems more accurate, reliable, and cost-effective.
ACC is vast, encompassing multiple aspects of the driving experience, both in personal and commercial settings. One of the most prominent uses of ACC is its ability to provide comfort and convenience for drivers during long trips or heavy traffic conditions. By automating speed adjustments and following distance, ACC reduces the need for drivers to constantly accelerate and brake, especially in situations like stop-and-go traffic, which significantly reduces fatigue.
The UAE is taking significant steps toward improving road safety, which directly impacts the growth of the adaptive cruise control (ACC) market. With a comprehensive road safety management plan implemented by the Traffic and Patrols Directorate in Abu Dhabi, the UAE is making strides in reducing traffic accidents and fatalities. In addition, Brazil remains one of the largest automotive manufacturers in South America, with a robust automotive ecosystem that includes domestic and foreign automakers investing in local production. Significant investments in the country are expected to increase vehicle production, including adopting ADAS technologies like ACC. Thus, with strong government initiatives in UAE, substantial investments in Brazil's automotive sector, and a growing demand for ACC solutions.
The Brazil market dominated the LAMEA Adaptive Cruise Control (ACC) Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.10 billion by 2031. The Argentina market is showcasing a CAGR of 20.6% during 2024-2031. Additionally, the UAE market would register a CAGR of 18.5% during 2024-2031.
As the technology behind ACC systems has become more affordable and accessible, manufacturers can integrate it into a broader range of vehicles. Advancements in sensor technology, such as radar and lidar, and machine learning algorithms have made ACC systems more accurate, reliable, and cost-effective.
ACC is vast, encompassing multiple aspects of the driving experience, both in personal and commercial settings. One of the most prominent uses of ACC is its ability to provide comfort and convenience for drivers during long trips or heavy traffic conditions. By automating speed adjustments and following distance, ACC reduces the need for drivers to constantly accelerate and brake, especially in situations like stop-and-go traffic, which significantly reduces fatigue.
The UAE is taking significant steps toward improving road safety, which directly impacts the growth of the adaptive cruise control (ACC) market. With a comprehensive road safety management plan implemented by the Traffic and Patrols Directorate in Abu Dhabi, the UAE is making strides in reducing traffic accidents and fatalities. In addition, Brazil remains one of the largest automotive manufacturers in South America, with a robust automotive ecosystem that includes domestic and foreign automakers investing in local production. Significant investments in the country are expected to increase vehicle production, including adopting ADAS technologies like ACC. Thus, with strong government initiatives in UAE, substantial investments in Brazil's automotive sector, and a growing demand for ACC solutions.
List of Key Companies Profiled
- Autoliv, Inc.
- Magna International, Inc.
- Robert Bosch GmbH
- Continental AG
- Denso Corporation
- Valeo SA
- Aptiv PLC
- ZF Friedrichshafen AG
- Tesla, Inc.
- Nidec Motor Corporation
Market Report Segmentation
By Product Sales
- OEMs (Original Equipment Manufacturers)
- Aftermarket
By Type
- Standalone ACC
- Integrated ACC
By Component
- Radar Sensors
- LIDAR Sensors
- Ultrasonic Sensors
- Cameras & Others
By Vehicle Type
- Passenger Car
- Commercial Vehicle
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Adaptive Cruise Control (ACC) Market by Product Sales
Chapter 6. LAMEA Adaptive Cruise Control (ACC) Market by Type
Chapter 7. LAMEA Adaptive Cruise Control (ACC) Market by Component
Chapter 8. LAMEA Adaptive Cruise Control (ACC) Market by Vehicle Type
Chapter 9. LAMEA Adaptive Cruise Control (ACC) Market by Country
Chapter 10. Company Profiles
Companies Mentioned
Some of the leading companies profiled in this LAMEA Adaptive Cruise Control (ACC) Market report include:- Autoliv, Inc.
- Magna International, Inc.
- Robert Bosch GmbH
- Continental AG
- Denso Corporation
- Valeo SA
- Aptiv PLC
- ZF Friedrichshafen AG
- Tesla, Inc.
- Nidec Motor Corporation
Methodology
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