Top Companies Invest in Automotive Adaptive Cruise Control Market
The automotive adaptive cruise control (ACC) market is projected to grow from US$1.2 billion in 2024 to US$2.3 billion by 2031, with a CAGR of 9.1%. Growth is driven by the increasing demand for road safety, ADAS, and advancements in electric and autonomous vehicles. Asia Pacific is expected to dominate due to cost-effective production and technological advancements, while Europe is poised for significant growth thanks to initiatives like Euro NCAP. The market benefits from innovations in radar, sensors, and AI, with collaborations between automakers and tech firms further enhancing ACC systems. The rising preference for mid-range vehicles is also boosting demand for ACC sensors.