The North America Adaptive Cruise Control (ACC) Market is expected to witness market growth of 16.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $9.40 billion by 2031. The Canada market is experiencing a CAGR of 18.7% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 17.7% during 2024-2031.
ACC is an advanced driver assistance system (ADAS) designed to enhance vehicle safety and improve driving convenience. It is an evolution of traditional cruise control, automatically adjusting a vehicle's speed in response to traffic conditions. By maintaining a safe following distance from the car ahead, ACC can speed up or slow down the vehicle without any input from the driver, making long-distance driving, highway travel, and stop-and-go traffic less stressful.
Adaptive cruise control is widely implemented in various automotive applications, from traditional vehicles to electric vehicles (EVs), hybrids, and autonomous cars. One of the primary applications of ACC is on highways, where it offers convenience and reduces driver fatigue. The system enables vehicles to maintain a set speed and adjust their pace according to traffic flow. ACC alleviates the need for constant manual speed adjustments for long-distance travel, particularly in traffic congestion.
Mexico is emerging as a key hub for automotive innovation in North America. In recent years, global automotive manufacturers have increased their investments in Mexico’s manufacturing facilities, spurred by lower production costs and proximity to key markets like the U.S. With such investments comes the need to upgrade production lines to incorporate advanced technologies like ACC. Canada's adaptive cruise control (ACC) market is poised for significant growth, driven by various factors, including the country’s road safety challenges and evolving consumer demand for advanced vehicle technologies. As highlighted by the Canadian government, road safety remains a pressing concern, with 1,768 motor vehicle fatalities recorded in 2021 - a 1.3% increase compared to the previous year. In conclusion, Mexico and Canada present unique and promising opportunities for the market's growth, driven by their automotive industries and increasing safety concerns.
The US market dominated the North America 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 $9.40 billion by 2031. The Canada market is experiencing a CAGR of 18.7% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 17.7% during 2024-2031.
ACC is an advanced driver assistance system (ADAS) designed to enhance vehicle safety and improve driving convenience. It is an evolution of traditional cruise control, automatically adjusting a vehicle's speed in response to traffic conditions. By maintaining a safe following distance from the car ahead, ACC can speed up or slow down the vehicle without any input from the driver, making long-distance driving, highway travel, and stop-and-go traffic less stressful.
Adaptive cruise control is widely implemented in various automotive applications, from traditional vehicles to electric vehicles (EVs), hybrids, and autonomous cars. One of the primary applications of ACC is on highways, where it offers convenience and reduces driver fatigue. The system enables vehicles to maintain a set speed and adjust their pace according to traffic flow. ACC alleviates the need for constant manual speed adjustments for long-distance travel, particularly in traffic congestion.
Mexico is emerging as a key hub for automotive innovation in North America. In recent years, global automotive manufacturers have increased their investments in Mexico’s manufacturing facilities, spurred by lower production costs and proximity to key markets like the U.S. With such investments comes the need to upgrade production lines to incorporate advanced technologies like ACC. Canada's adaptive cruise control (ACC) market is poised for significant growth, driven by various factors, including the country’s road safety challenges and evolving consumer demand for advanced vehicle technologies. As highlighted by the Canadian government, road safety remains a pressing concern, with 1,768 motor vehicle fatalities recorded in 2021 - a 1.3% increase compared to the previous year. In conclusion, Mexico and Canada present unique and promising opportunities for the market's growth, driven by their automotive industries and increasing safety concerns.
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
- US
- Canada
- Mexico
- Rest of North America
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. North America Adaptive Cruise Control (ACC) Market by Product Sales
Chapter 6. North America Adaptive Cruise Control (ACC) Market by Type
Chapter 7. North America Adaptive Cruise Control (ACC) Market by Component
Chapter 8. North America Adaptive Cruise Control (ACC) Market by Vehicle Type
Chapter 9. North America Adaptive Cruise Control (ACC) Market by Country
Chapter 10. Company Profiles
Companies Mentioned
Some of the leading companies profiled in this North America 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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