The Latin America, Middle East and Africa Adaptive Cruise Control (ACC) Market would witness market growth of 19.6% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA 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 $1,101.9 million by 2031. The Argentina market is showcasing a CAGR of 20.6% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 18.5% during (2024 - 2031).
As the technology behind ACC systems has become more affordable and accessible, manufacturers can integrate it into a broader range of vehicles. Advancements in sensor technology, such as radar and lidar, and machine learning algorithms have made ACC systems more accurate, reliable, and cost-effective.
ACC is vast, encompassing multiple aspects of the driving experience, both in personal and commercial settings. One of the most prominent uses of ACC is its ability to provide comfort and convenience for drivers during long trips or heavy traffic conditions. By automating speed adjustments and following distance, ACC reduces the need for drivers to constantly accelerate and brake, especially in situations like stop-and-go traffic, which significantly reduces fatigue.
The UAE is taking significant steps toward improving road safety, which directly impacts the growth of the adaptive cruise control (ACC) market. With a comprehensive road safety management plan implemented by the Traffic and Patrols Directorate in Abu Dhabi, the UAE is making strides in reducing traffic accidents and fatalities. In addition, Brazil remains one of the largest automotive manufacturers in South America, with a robust automotive ecosystem that includes domestic and foreign automakers investing in local production. Significant investments in the country are expected to increase vehicle production, including adopting ADAS technologies like ACC. Thus, with strong government initiatives in UAE, substantial investments in Brazil's automotive sector, and a growing demand for ACC solutions.
Free Valuable Insights: The Worldwide Adaptive Cruise Control (ACC) Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Product Sales
By Type
By Component
By Vehicle Type
By Country
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