Automotive and Transportation Adaptive Cruise Control Market Analysis Report | Page 2

Adaptive Cruise Control Market
Global adaptive cruise control market worth $15,290.0 million in 2023
As per the research, the global adaptive cruise control market high is likely to grow from $4,767.0 million in 2016
to $15,290.0 million by 2023. The rapidly growing automotive industry especially in emerging economies of
India, China, Brazil is generating significant demand for vehicle fitted with adaptive cruise control. Increasing
number of road accident and awareness to safety systems is also driving the market. Vehicle safety regulations
and initiatives by various associations and trade unions are backing the increasing installations of adaptive cruise
control (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.
Insights on market segments
As per the findings of research, the global adaptive cruise control market has been segmented into technology,
application, end-use and region. In 2016, radar segment accounted for the largest share in global adaptive cruise
control market and garnered 33.7% share in the global market. On the other hand, lidar segment is expected to
witness the fastest growth in the global adaptive cruise control market.
P&S Intelligence