Automotive Adaptive Cruise Control (ACC) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Automotive Adaptive Cruise Control Market
The automotive adaptive cruise control market size was valued at USD 14.17 billion in 2022, and the market is now projected to grow from USD 17.04 billion in 2023 to USD 52.87 billion by 2030, exhibiting a CAGR of 17.6% during the forecast period of 2023-2030.
The COVID-19 pandemic created significant opportunities on the automotive adaptive cruise control market growth. Stringent social distancing norms and nationwide lockdowns had resulted in the entire closure of various OEM production units, halting the movement of uncooked materials and, directly or in a roundabout way, affecting lots of established people and the enterprise.
The automotive adaptive cruise control market share globally has been contributed due to the growing consumer inclination. Increasing purchaser demand for superior collision avoidance systems is one of the major factors contributing to the advantageous growth of the market.
Furthermore, there’s been a notable trend of higher adoption of adaptive cruise control systems in autonomous vehicles. The self-driving or self-sufficient motors fall under the 4th and 5th levels of automation. These automobiles rely on sensors, radars, cameras, software program algorithms, and other superior driving structures.
Comprehensive Analysis of Automotive Adaptive Cruise Control Market
The automotive adaptive cruise control market and automotives industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the automotives industry. These segmentations are methodically segregated by types of components and vehicle. The component types include, LiDAR, RADAR, and Camera. However, the vehicles are such as Passenger Cars and Commercial Vehicles.
The Asia Pacific region is conducive to the global automotive adaptive cruise control market, leading to a recall of USD 7.08 billion owing to availability of raw materials. The availability of raw substances at a low cost and mass production of adaptive cruise control technology are driving the marketplace boom. The vicinity has made substantial advances in automotive technology, such as sensors, radar, and synthetic intelligence.
The top players in the market play a crucial role in the automotives industry assuring industrial prospectus growth and setting market standards. These players include, Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichafen AG (Germany), Mando Corporation (South Korea), Denso (Japan), Valeo (France), Luminar Technologies, Inc (U.S.), Velodyne Lidar, Inc. (U.S.), Magna International (Canada), Autoliv, Inc. (Sweden), and Nxp Semiconductors (Netherlands) these market players provide a level-playing competitive landscape.
In June 2023 In June 2023, the fully autonomous and self-using developer Plus selected Luminar as its long-variety LiDAR provider to support its PlusDrive-assisted business car driving system.
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 17.6% from 2023 to 2030
Unit Value (USD Billion) Volume (Thousand Units)
Segmentation By Component Type
LiDAR
RADAR
Camera
By Vehicle Type
Passenger Cars
Commercial Vehicle
By Geography
North America (By Component Type, By Vehicle Type, By Country)
- U.S. (By Vehicle Type, By Component)
- Canada(By Vehicle Type, By Component)
- Mexico ( By Vehicle Type, By Component)
Europe ( By Component Type, By Vehicle Type, By Country)
- U.K. ( By Vehicle Type, By Component)
- Germany ( By Vehicle Type, By Component)
- France (By Vehicle Type, By Component)
- Rest of Europe (By Vehicle Type, By Component)
Asia Pacific (By Component Type, By Vehicle Type, By Country)
- China (By Vehicle Type, By Component)
- Japan (By Vehicle Type, By Component)
- India (By Vehicle Type, By Component)
- South Korea (By Vehicle Type, By Component)
- Rest of Asia Pacific (By Vehicle Type, By Component)
Rest of the World (By Component Type, By Vehicle Type)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Key Industry Developments - Mergers, Acquisitions & Partnerships
- 4.2. Latest Technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Impact of COVID-19 Pandemic on Global Automated Parking System Market
- 5. Global Automated Parking System Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Definition
- 5.2. Market Analysis, Insights and Forecast - By Application
- 5.2.1. Commercial Parking
- 5.2.2. Residential Parking
- 5.3. Market Analysis, Insights and Forecast - By Automation Level
- 5.3.1. Fully automated
- 5.3.2. Semi-Automated
- 5.4. Market Analysis, Insights and Forecast - By Component
- 5.4.1. Hardware
- 5.4.2. Software
- 5.5. Market Analysis, Insights and Forecast - By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Middle East
- 5.5.5. Rest of the World
- 6. North America Automated Parking System Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast - By Application
- 6.1.1. Commercial Parking
- 6.1.2. Residential Parking
- 6.2. Market Analysis, Insights and Forecast - By Automation Level
- 6.2.1. Fully automated
- 6.2.2. Semi-Automated
- 6.3. Market Analysis, Insights and Forecast - By Component
- 6.3.1. Hardware
- 6.3.2. Software
- 6.4. Market Analysis, Insights and Forecast - By Country
- 6.4.1. U.S.
- 6.4.1.1. Market Analysis, Insights and Forecast - By Automation Level
- 6.4.2. Canada
- 6.4.2.1. Market Analysis, Insights and Forecast - By Automation Level
- 6.4.3. Mexico
- 6.4.3.1. Market Analysis, Insights and Forecast - By Automation Level
- 7. Europe Automated Parking System Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast - By Application
- 7.1.1. Commercial Parking
- 7.1.2. Residential Parking
- 7.2. Market Analysis, Insights and Forecast - By Automation Level
- 7.2.1. Fully automated
- 7.2.2. Semi-Automated
- 7.3. Market Analysis, Insights and Forecast - By Component
- 7.3.1. Hardware
- 7.3.2. Software
- 7.4. Market Analysis, Insights and Forecast - By Country
- 7.4.1. U.K.
- 7.4.1.1. Market Analysis, Insights and Forecast - By Automation Level
- 7.4.2. Germany
- 7.4.2.1. Market Analysis, Insights and Forecast - By Automation Level
- 7.4.3. France
- 7.4.3.1. Market Analysis, Insights and Forecast - By Automation Level
- 7.4.4. Rest of Europe
- 7.4.4.1. Market Analysis, Insights and Forecast - By Automation Level
- 8. Asia Pacific Automated Parking System Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast - By Application
- 8.1.1. Commercial Parking
- 8.1.2. Residential Parking
- 8.2. Market Analysis, Insights and Forecast - By Automation Level
- 8.2.1. Fully automated
- 8.2.2. Semi-Automated
- 8.3. Market Analysis, Insights and Forecast - By Component
- 8.3.1. Hardware
- 8.3.2. Software
- 8.4. Market Analysis, Insights and Forecast - By Country
- 8.4.1. China
- 8.4.1.1. Market Analysis, Insights and Forecast - By Automation Level
- 8.4.2. India
- 8.4.2.1. Market Analysis, Insights and Forecast - By Automation Level
- 8.4.3. Japan
- 8.4.3.1. Market Analysis, Insights and Forecast - By Automation Level
- 8.4.4. South Korea
- 8.4.4.1. Market Analysis, Insights and Forecast - By Automation Level
- 8.4.5. Rest of Asia Pacific
- 8.4.5.1. Market Analysis, Insights and Forecast - By Automation Level
- 9. Middle East Automated Parking System Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast - By Application
- 9.1.1. Commercial Parking
- 9.1.2. Residential Parking
- 9.2. Market Analysis, Insights and Forecast - By Automation Level
- 9.2.1. Fully automated
- 9.2.2. Semi-Automated
- 9.3. Market Analysis, Insights and Forecast - By Component
- 9.3.1. Hardware
- 9.3.2. Software
- 9.4. Market Analysis, Insights and Forecast - By Country
- 9.4.1. Saudi Arabia
- 9.4.1.1. Market Analysis, Insights and Forecast - By Automation Level
- 9.4.2. UAE
- 9.4.2.1. Market Analysis, Insights and Forecast - By Automation Level
- 9.4.3. Turkey
- 9.4.3.1. Market Analysis, Insights and Forecast - By Automation Level
- 9.4.4. Rest of Middle East
- 9.4.4.1. Market Analysis, Insights and Forecast - By Automation Level
- 10. Rest of the World Automated Parking System Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Market Analysis, Insights and Forecast - By Application
- 10.1.1. Commercial Parking
- 10.1.2. Residential Parking
- 10.2. Market Analysis, Insights and Forecast - By Automation Level
- 10.2.1. Fully automated
- 10.2.2. Semi-Automated
- 10.3. Market Analysis, Insights and Forecast - By Component
- 10.3.1. Hardware
- 10.3.2. Software
- 11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Rank Analysis (2023)
- 11.3. Competitive Dashboard
- 11.4. Comparative Analysis - Major Players
- 11.5. Company Profiles
- 11.5.1. Robotic Parking Systems, Inc.
- 11.5.1.1. Overview
- 11.5.1.2. Products & Services
- 11.5.1.3. SWOT Analysis
- 11.5.1.4. Recent Developments
- 11.5.1.5. Strategies
- 11.5.1.6. Financials (Based on Availability)
- 11.5.2. MAG
- 11.5.2.1. Overview
- 11.5.2.2. Products & Services
- 11.5.2.3. SWOT Analysis
- 11.5.2.4. Recent Developments
- 11.5.2.5. Strategies
- 11.5.2.6. Financials (Based on Availability)
- 11.5.3. Lödige Industries
- 11.5.3.1. Overview
- 11.5.3.2. Products & Services
- 11.5.3.3. SWOT Analysis
- 11.5.3.4. Recent Developments
- 11.5.3.5. Strategies
- 11.5.3.6. Financials (Based on Availability)
- 11.5.4. Parkpiù
- 11.5.4.1. Overview
- 11.5.4.2. Products & Services
- 11.5.4.3. SWOT Analysis
- 11.5.4.4. Recent Developments
- 11.5.4.5. Strategies
- 11.5.4.6. Financials (Based on Availability)
- 11.5.5. Westfalia Parking
- 11.5.5.1. Overview
- 11.5.5.2. Products & Services
- 11.5.5.3. SWOT Analysis
- 11.5.5.4. Recent Developments
- 11.5.5.5. Strategies
- 11.5.5.6. Financials (Based on Availability)
- 11.5.6. ALS Logistic Solutions.
- 11.5.6.1. Overview
- 11.5.6.2. Products & Services
- 11.5.6.3. SWOT Analysis
- 11.5.6.4. Recent Developments
- 11.5.6.5. Strategies
- 11.5.6.6. Financials (Based on Availability)
- 11.5.7. Samara Group
- 11.5.7.1. Overview
- 11.5.7.2. Products & Services
- 11.5.7.3. SWOT Analysis
- 11.5.7.4. Recent Developments
- 11.5.7.5. Strategies
- 11.5.7.6. Financials (Based on Availability)
- 11.5.8. Makani Parking
- 11.5.8.1. Overview
- 11.5.8.2. Products & Services
- 11.5.8.3. SWOT Analysis
- 11.5.8.4. Recent Developments
- 11.5.8.5. Strategies
- 11.5.8.6. Financials (Based on Availability)
- 11.5.9. Mech Parking
- 11.5.9.1. Overview
- 11.5.9.2. Products & Services
- 11.5.9.3. SWOT Analysis
- 11.5.9.4. Recent Developments
- 11.5.9.5. Strategies
- 11.5.9.6. Financials (Based on Availability)
- 11.5.10. Klaus Multiparking
- 11.5.10.1. Overview
- 11.5.10.2. Products & Services
- 11.5.10.3. SWOT Analysis
- 11.5.10.4. Recent Developments
- 11.5.10.5. Strategies
- 11.5.10.6. Financials (Based on Availability)
- 11.5.11. Utron Parking
- 11.5.11.1. Overview
- 11.5.11.2. Products & Services
- 11.5.11.3. SWOT Analysis
- 11.5.11.4. Recent Developments
- 11.5.11.5. Strategies
- 11.5.11.6. Financials (Based on Availability)
- 11.5.12. Wohr Parking Systems Pvt. Ltd.
- 11.5.12.1. Overview
- 11.5.12.2. Products & Services
- 11.5.12.3. SWOT Analysis
- 11.5.12.4. Recent Developments
- 11.5.12.5. Strategies
- 11.5.12.6. Financials (Based on Availability)
- 11.5.13. Skyline Parking
- 11.5.13.1. Overview
- 11.5.13.2. Products & Services
- 11.5.13.3. SWOT Analysis
- 11.5.13.4. Recent Developments
- 11.5.13.5. Strategies
- 11.5.13.6. Financials (Based on Availability)
- 11.5.14. ShinMaywa Industries, Ltd.
- 11.5.14.1. Overview
- 11.5.14.2. Products & Services
- 11.5.14.3. SWOT Analysis
- 11.5.14.4. Recent Developments
- 11.5.14.5. Strategies
- 11.5.14.6. Financials (Based on Availability)
- 11.5.15. City Lift
- 11.5.15.1. Overview
- 11.5.15.2. Products & Services
- 11.5.15.3. SWOT Analysis
- 11.5.15.4. Recent Developments
- 11.5.15.5. Strategies
- 11.5.15.6. Financials (Based on Availability)
- 11.5.16. Clans Machina
- 11.5.16.1. Overview
- 11.5.16.2. Products & Services
- 11.5.16.3. SWOT Analysis
- 11.5.16.4. Recent Developments
- 11.5.16.5. Strategies
- 11.5.16.6. Financials (Based on Availability)
- 11.5.17. Park Plu
- 11.5.17.1. Overview
- 11.5.17.2. Products & Services
- 11.5.17.3. SWOT Analysis
- 11.5.17.4. Recent Developments
- 11.5.17.5. Strategies
- 11.5.17.6. Financials (Based on Availability)
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