The North America Adaptive Cruise Control (ACC) Market would witness market growth of 16.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $9,400.3 million by 2031. The Canada market is experiencing a CAGR of 18.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 17.7% during (2024 - 2031).
ACC is an advanced driver assistance system (ADAS) designed to enhance vehicle safety and improve driving convenience. It is an evolution of traditional cruise control, automatically adjusting a vehicle's speed in response to traffic conditions. By maintaining a safe following distance from the car ahead, ACC can speed up or slow down the vehicle without any input from the driver, making long-distance driving, highway travel, and stop-and-go traffic less stressful.
Adaptive cruise control is widely implemented in various automotive applications, from traditional vehicles to electric vehicles (EVs), hybrids, and autonomous cars. One of the primary applications of ACC is on highways, where it offers convenience and reduces driver fatigue. The system enables vehicles to maintain a set speed and adjust their pace according to traffic flow. ACC alleviates the need for constant manual speed adjustments for long-distance travel, particularly in traffic congestion.
Mexico is emerging as a key hub for automotive innovation in North America. In recent years, global automotive manufacturers have increased their investments in Mexico’s manufacturing facilities, spurred by lower production costs and proximity to key markets like the U.S. With such investments comes the need to upgrade production lines to incorporate advanced technologies like ACC. Canada's adaptive cruise control (ACC) market is poised for significant growth, driven by various factors, including the country’s road safety challenges and evolving consumer demand for advanced vehicle technologies. As highlighted by the Canadian government, road safety remains a pressing concern, with 1,768 motor vehicle fatalities recorded in 2021—a 1.3% increase compared to the previous year. In conclusion, Mexico and Canada present unique and promising opportunities for the market's growth, driven by their automotive industries and increasing safety concerns.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
By Product Sales
By Type
By Component
By Vehicle Type
By Country
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