Automotive and Transportation Adaptive Cruise Control Market Analysis Report | Page 3

Adaptive Cruise Control Market
The major factors driving the growth of the radar and lidar is increasing adoption of adaptive cruise control
system in passenger car and commercial vehicles. Passenger cars is the dominating segment in the adaptive
cruise control market.
North America and Europe to contribute over 65% to the global adaptive cruise control market
North America and Europe collectively accounted for more than 65% in the global adaptive cruise control
market in 2016. The regions are expected to dominate the global market during the forecast period. The major
factor attributing to the growth is the increase in vehicle production, stringent safety norms towards vehicle
safety and technological advancement. The United States New Car Assessment Program (US NCAP) by National
Highway Traffic Safety Administration (NHTSA) has helped in focusing on increased consumer concerns
resulting in more number of people installing such systems.
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