The Asia Pacific Adaptive Cruise Control (ACC) Market would witness market growth of 17.4% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Adaptive Cruise Control (ACC) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,604.5 million by 2031. The Japan market is registering a CAGR of 16.7% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 18.3% during (2024 - 2031).
The adoption of ACC has seen a steady rise across various regions, especially in developed countries. While the technology was initially available only in luxury cars, it is now integrated into many vehicles, including mid-tier models and even entry-level cars. The demand for advanced safety features in vehicles is one of the primary reasons behind the growing adoption of ACC systems. Consumers are increasingly aware of the need for technologies to reduce the risk of accidents, and systems like ACC provide significant value in this regard.
Automakers rapidly incorporate ACC systems into their vehicle portfolios to meet consumer expectations and regulatory standards. Governments are introducing stringent regulations encouraging the integration of Advanced Driver Assistance Systems (ADAS), including ACC, to improve road safety.
India's rapidly growing automotive market is increasingly prioritizing road safety. With the alarming rise in road accidents, the adoption of ADAS, like ACC, is expected to grow significantly. As per the Ministry of Road Transport & Highways' "Road Accidents in India-2022" report, India reported 4,61,312 road accidents, leading to 1,68,491 fatalities and 4,43,366 injuries. This increase in accidents underscores the need for advanced technologies to enhance road safety and mitigate the risk of human error. China is rapidly becoming a key player in the adaptive cruise control (ACC) market, driven by its ambitious push towards automotive automation and growing consumer demand for advanced vehicle technologies. In conclusion, rising road accidents and increasing autonomous vehicles in the region drive the market's growth.
Free Valuable Insights: The Global Adaptive Cruise Control (ACC) Market is Predict to reach USD 53.3 Billion by 2031, at a CAGR of 17.0%
Based on Product Sales, the market is segmented into OEMs (Original Equipment Manufacturers) and Aftermarket. Based on Type, the market is segmented into Standalone ACC and Integrated ACC. Based on Component, the market is segmented into Radar Sensors, LIDAR Sensors, Ultrasonic Sensors, and Cameras & Others. Based on Vehicle Type, the market is segmented into Passenger Car and Commercial Vehicle. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Product Sales
By Type
By Component
By Vehicle Type
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 