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PUBLISHER: KBV Research | PRODUCT CODE: 1586963
PUBLISHER: KBV Research | PRODUCT CODE: 1586963
LAMEA Adaptive Cruise Control (ACC) Market Size, Share & Trends Analysis Report By Product Sales (OEMs (Original Equipment Manufacturers) and Aftermarket), By Type, By Component, By Vehicle Type, By Country and Growth Forecast, 2024 - 2031
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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.
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.
List of Key Companies Profiled
- Autoliv, Inc.
- Magna International, Inc.
- Robert Bosch GmbH
- Continental AG
- Denso Corporation
- Valeo SA
- Aptiv PLC
- ZF Friedrichshafen AG
- Tesla, Inc.
- Nidec Motor Corporation
LAMEA Adaptive Cruise Control (ACC) Market Report Segmentation
By Product Sales
- OEMs (Original Equipment Manufacturers)
- Aftermarket
By Type
- Standalone ACC
- Integrated ACC
By Component
- Radar Sensors
- LIDAR Sensors
- Ultrasonic Sensors
- Cameras & Others
By Vehicle Type
- Passenger Car
- Commercial Vehicle
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 LAMEA Adaptive Cruise Control (ACC) Market, by Product Sales
- 1.4.2 LAMEA Adaptive Cruise Control (ACC) Market, by Type
- 1.4.3 LAMEA Adaptive Cruise Control (ACC) Market, by Component
- 1.4.4 LAMEA Adaptive Cruise Control (ACC) Market, by Vehicle Type
- 1.4.5 LAMEA Adaptive Cruise Control (ACC) Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 Market Share Analysis, 2023
- 4.2 Strategies Deployed in Adaptive Cruise Control (ACC) Market.
- 4.3 Porter Five Forces Analysis
Chapter 5. LAMEA Adaptive Cruise Control (ACC) Market by Product Sales
- 5.1 LAMEA OEMs (Original Equipment Manufacturers) Market by Country
- 5.2 LAMEA Aftermarket Market by Country
Chapter 6. LAMEA Adaptive Cruise Control (ACC) Market by Type
- 6.1 LAMEA Standalone ACC Market by Country
- 6.2 LAMEA Integrated ACC Market by Country
Chapter 7. LAMEA Adaptive Cruise Control (ACC) Market by Component
- 7.1 LAMEA Radar Sensors Market by Country
- 7.2 LAMEA LIDAR Sensors Market by Country
- 7.3 LAMEA Ultrasonic Sensors Market by Country
- 7.4 LAMEA Cameras & Others Market by Country
Chapter 8. LAMEA Adaptive Cruise Control (ACC) Market by Vehicle Type
- 8.1 LAMEA Passenger Car Market by Country
- 8.2 LAMEA Commercial Vehicle Market by Country
Chapter 9. LAMEA Adaptive Cruise Control (ACC) Market by Country
- 9.1 Brazil Adaptive Cruise Control (ACC) Market
- 9.1.1 Brazil Adaptive Cruise Control (ACC) Market by Product Sales
- 9.1.2 Brazil Adaptive Cruise Control (ACC) Market by Type
- 9.1.3 Brazil Adaptive Cruise Control (ACC) Market by Component
- 9.1.4 Brazil Adaptive Cruise Control (ACC) Market by Vehicle Type
- 9.2 Argentina Adaptive Cruise Control (ACC) Market
- 9.2.1 Argentina Adaptive Cruise Control (ACC) Market by Product Sales
- 9.2.2 Argentina Adaptive Cruise Control (ACC) Market by Type
- 9.2.3 Argentina Adaptive Cruise Control (ACC) Market by Component
- 9.2.4 Argentina Adaptive Cruise Control (ACC) Market by Vehicle Type
- 9.3 UAE Adaptive Cruise Control (ACC) Market
- 9.3.1 UAE Adaptive Cruise Control (ACC) Market by Product Sales
- 9.3.2 UAE Adaptive Cruise Control (ACC) Market by Type
- 9.3.3 UAE Adaptive Cruise Control (ACC) Market by Component
- 9.3.4 UAE Adaptive Cruise Control (ACC) Market by Vehicle Type
- 9.4 Saudi Arabia Adaptive Cruise Control (ACC) Market
- 9.4.1 Saudi Arabia Adaptive Cruise Control (ACC) Market by Product Sales
- 9.4.2 Saudi Arabia Adaptive Cruise Control (ACC) Market by Type
- 9.4.3 Saudi Arabia Adaptive Cruise Control (ACC) Market by Component
- 9.4.4 Saudi Arabia Adaptive Cruise Control (ACC) Market by Vehicle Type
- 9.5 South Africa Adaptive Cruise Control (ACC) Market
- 9.5.1 South Africa Adaptive Cruise Control (ACC) Market by Product Sales
- 9.5.2 South Africa Adaptive Cruise Control (ACC) Market by Type
- 9.5.3 South Africa Adaptive Cruise Control (ACC) Market by Component
- 9.5.4 South Africa Adaptive Cruise Control (ACC) Market by Vehicle Type
- 9.6 Nigeria Adaptive Cruise Control (ACC) Market
- 9.6.1 Nigeria Adaptive Cruise Control (ACC) Market by Product Sales
- 9.6.2 Nigeria Adaptive Cruise Control (ACC) Market by Type
- 9.6.3 Nigeria Adaptive Cruise Control (ACC) Market by Component
- 9.6.4 Nigeria Adaptive Cruise Control (ACC) Market by Vehicle Type
- 9.7 Rest of LAMEA Adaptive Cruise Control (ACC) Market
- 9.7.1 Rest of LAMEA Adaptive Cruise Control (ACC) Market by Product Sales
- 9.7.2 Rest of LAMEA Adaptive Cruise Control (ACC) Market by Type
- 9.7.3 Rest of LAMEA Adaptive Cruise Control (ACC) Market by Component
- 9.7.4 Rest of LAMEA Adaptive Cruise Control (ACC) Market by Vehicle Type
Chapter 10. Company Profiles
- 10.1 Autoliv, Inc.
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Regional Analysis
- 10.1.4 Research & Development Expense
- 10.1.5 SWOT Analysis
- 10.2 Magna International, Inc.
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expenses
- 10.2.5 Recent strategies and developments:
- 10.2.5.1 Partnerships, Collaborations, and Agreements:
- 10.2.6 SWOT Analysis
- 10.3 Robert Bosch GmbH
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expense
- 10.3.5 SWOT Analysis
- 10.4 Continental AG
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental and Regional Analysis
- 10.4.4 Research & Development Expense
- 10.4.5 Recent strategies and developments:
- 10.4.5.1 Product Launches and Product Expansions:
- 10.4.6 SWOT Analysis
- 10.5 Denso Corporation
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Regional Analysis
- 10.5.4 Research & Development Expense
- 10.5.5 Recent strategies and developments:
- 10.5.5.1 Partnerships, Collaborations, and Agreements:
- 10.6 Valeo SA
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental and Regional Analysis
- 10.6.4 Research & Development Expense
- 10.6.5 Recent strategies and developments:
- 10.6.5.1 Partnerships, Collaborations, and Agreements:
- 10.6.6 SWOT Analysis
- 10.7 Aptiv PLC
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.7.4 Research & Development Expense
- 10.7.5 SWOT Analysis
- 10.8 ZF Friedrichshafen AG
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Regional Analysis
- 10.8.4 Research & Development Expenses
- 10.8.5 SWOT Analysis
- 10.9 Tesla, Inc.
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Segmental and Regional Analysis
- 10.9.4 Research & Development Expense
- 10.9.5 SWOT Analysis
- 10.10. Nidec Motor Corporation
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Segmental and Regional Analysis
- 10.10.4 Research & Development Expenses
- 10.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 LAMEA Adaptive Cruise Control (ACC) Market, 2020 - 2023, USD Million
- TABLE 2 LAMEA Adaptive Cruise Control (ACC) Market, 2024 - 2031, USD Million
- TABLE 3 LAMEA Adaptive Cruise Control (ACC) Market by Product Sales, 2020 - 2023, USD Million
- TABLE 4 LAMEA Adaptive Cruise Control (ACC) Market by Product Sales, 2024 - 2031, USD Million
- TABLE 5 LAMEA OEMs (Original Equipment Manufacturers) Market by Country, 2020 - 2023, USD Million
- TABLE 6 LAMEA OEMs (Original Equipment Manufacturers) Market by Country, 2024 - 2031, USD Million
- TABLE 7 LAMEA Aftermarket Market by Country, 2020 - 2023, USD Million
- TABLE 8 LAMEA Aftermarket Market by Country, 2024 - 2031, USD Million
- TABLE 9 LAMEA Adaptive Cruise Control (ACC) Market by Type, 2020 - 2023, USD Million
- TABLE 10 LAMEA Adaptive Cruise Control (ACC) Market by Type, 2024 - 2031, USD Million
- TABLE 11 LAMEA Standalone ACC Market by Country, 2020 - 2023, USD Million
- TABLE 12 LAMEA Standalone ACC Market by Country, 2024 - 2031, USD Million
- TABLE 13 LAMEA Integrated ACC Market by Country, 2020 - 2023, USD Million
- TABLE 14 LAMEA Integrated ACC Market by Country, 2024 - 2031, USD Million
- TABLE 15 LAMEA Adaptive Cruise Control (ACC) Market by Component, 2020 - 2023, USD Million
- TABLE 16 LAMEA Adaptive Cruise Control (ACC) Market by Component, 2024 - 2031, USD Million
- TABLE 17 LAMEA Radar Sensors Market by Country, 2020 - 2023, USD Million
- TABLE 18 LAMEA Radar Sensors Market by Country, 2024 - 2031, USD Million
- TABLE 19 LAMEA LIDAR Sensors Market by Country, 2020 - 2023, USD Million
- TABLE 20 LAMEA LIDAR Sensors Market by Country, 2024 - 2031, USD Million
- TABLE 21 LAMEA Ultrasonic Sensors Market by Country, 2020 - 2023, USD Million
- TABLE 22 LAMEA Ultrasonic Sensors Market by Country, 2024 - 2031, USD Million
- TABLE 23 LAMEA Cameras & Others Market by Country, 2020 - 2023, USD Million
- TABLE 24 LAMEA Cameras & Others Market by Country, 2024 - 2031, USD Million
- TABLE 25 LAMEA Adaptive Cruise Control (ACC) Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 26 LAMEA Adaptive Cruise Control (ACC) Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 27 LAMEA Passenger Car Market by Country, 2020 - 2023, USD Million
- TABLE 28 LAMEA Passenger Car Market by Country, 2024 - 2031, USD Million
- TABLE 29 LAMEA Commercial Vehicle Market by Country, 2020 - 2023, USD Million
- TABLE 30 LAMEA Commercial Vehicle Market by Country, 2024 - 2031, USD Million
- TABLE 31 LAMEA Adaptive Cruise Control (ACC) Market by Country, 2020 - 2023, USD Million
- TABLE 32 LAMEA Adaptive Cruise Control (ACC) Market by Country, 2024 - 2031, USD Million
- TABLE 33 Brazil Adaptive Cruise Control (ACC) Market, 2020 - 2023, USD Million
- TABLE 34 Brazil Adaptive Cruise Control (ACC) Market, 2024 - 2031, USD Million
- TABLE 35 Brazil Adaptive Cruise Control (ACC) Market by Product Sales, 2020 - 2023, USD Million
- TABLE 36 Brazil Adaptive Cruise Control (ACC) Market by Product Sales, 2024 - 2031, USD Million
- TABLE 37 Brazil Adaptive Cruise Control (ACC) Market by Type, 2020 - 2023, USD Million
- TABLE 38 Brazil Adaptive Cruise Control (ACC) Market by Type, 2024 - 2031, USD Million
- TABLE 39 Brazil Adaptive Cruise Control (ACC) Market by Component, 2020 - 2023, USD Million
- TABLE 40 Brazil Adaptive Cruise Control (ACC) Market by Component, 2024 - 2031, USD Million
- TABLE 41 Brazil Adaptive Cruise Control (ACC) Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 42 Brazil Adaptive Cruise Control (ACC) Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 43 Argentina Adaptive Cruise Control (ACC) Market, 2020 - 2023, USD Million
- TABLE 44 Argentina Adaptive Cruise Control (ACC) Market, 2024 - 2031, USD Million
- TABLE 45 Argentina Adaptive Cruise Control (ACC) Market by Product Sales, 2020 - 2023, USD Million
- TABLE 46 Argentina Adaptive Cruise Control (ACC) Market by Product Sales, 2024 - 2031, USD Million
- TABLE 47 Argentina Adaptive Cruise Control (ACC) Market by Type, 2020 - 2023, USD Million
- TABLE 48 Argentina Adaptive Cruise Control (ACC) Market by Type, 2024 - 2031, USD Million
- TABLE 49 Argentina Adaptive Cruise Control (ACC) Market by Component, 2020 - 2023, USD Million
- TABLE 50 Argentina Adaptive Cruise Control (ACC) Market by Component, 2024 - 2031, USD Million
- TABLE 51 Argentina Adaptive Cruise Control (ACC) Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 52 Argentina Adaptive Cruise Control (ACC) Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 53 UAE Adaptive Cruise Control (ACC) Market, 2020 - 2023, USD Million
- TABLE 54 UAE Adaptive Cruise Control (ACC) Market, 2024 - 2031, USD Million
- TABLE 55 UAE Adaptive Cruise Control (ACC) Market by Product Sales, 2020 - 2023, USD Million
- TABLE 56 UAE Adaptive Cruise Control (ACC) Market by Product Sales, 2024 - 2031, USD Million
- TABLE 57 UAE Adaptive Cruise Control (ACC) Market by Type, 2020 - 2023, USD Million
- TABLE 58 UAE Adaptive Cruise Control (ACC) Market by Type, 2024 - 2031, USD Million
- TABLE 59 UAE Adaptive Cruise Control (ACC) Market by Component, 2020 - 2023, USD Million
- TABLE 60 UAE Adaptive Cruise Control (ACC) Market by Component, 2024 - 2031, USD Million
- TABLE 61 UAE Adaptive Cruise Control (ACC) Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 62 UAE Adaptive Cruise Control (ACC) Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 63 Saudi Arabia Adaptive Cruise Control (ACC) Market, 2020 - 2023, USD Million
- TABLE 64 Saudi Arabia Adaptive Cruise Control (ACC) Market, 2024 - 2031, USD Million
- TABLE 65 Saudi Arabia Adaptive Cruise Control (ACC) Market by Product Sales, 2020 - 2023, USD Million
- TABLE 66 Saudi Arabia Adaptive Cruise Control (ACC) Market by Product Sales, 2024 - 2031, USD Million
- TABLE 67 Saudi Arabia Adaptive Cruise Control (ACC) Market by Type, 2020 - 2023, USD Million
- TABLE 68 Saudi Arabia Adaptive Cruise Control (ACC) Market by Type, 2024 - 2031, USD Million
- TABLE 69 Saudi Arabia Adaptive Cruise Control (ACC) Market by Component, 2020 - 2023, USD Million
- TABLE 70 Saudi Arabia Adaptive Cruise Control (ACC) Market by Component, 2024 - 2031, USD Million
- TABLE 71 Saudi Arabia Adaptive Cruise Control (ACC) Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 72 Saudi Arabia Adaptive Cruise Control (ACC) Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 73 South Africa Adaptive Cruise Control (ACC) Market, 2020 - 2023, USD Million
- TABLE 74 South Africa Adaptive Cruise Control (ACC) Market, 2024 - 2031, USD Million
- TABLE 75 South Africa Adaptive Cruise Control (ACC) Market by Product Sales, 2020 - 2023, USD Million
- TABLE 76 South Africa Adaptive Cruise Control (ACC) Market by Product Sales, 2024 - 2031, USD Million
- TABLE 77 South Africa Adaptive Cruise Control (ACC) Market by Type, 2020 - 2023, USD Million
- TABLE 78 South Africa Adaptive Cruise Control (ACC) Market by Type, 2024 - 2031, USD Million
- TABLE 79 South Africa Adaptive Cruise Control (ACC) Market by Component, 2020 - 2023, USD Million
- TABLE 80 South Africa Adaptive Cruise Control (ACC) Market by Component, 2024 - 2031, USD Million
- TABLE 81 South Africa Adaptive Cruise Control (ACC) Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 82 South Africa Adaptive Cruise Control (ACC) Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 83 Nigeria Adaptive Cruise Control (ACC) Market, 2020 - 2023, USD Million
- TABLE 84 Nigeria Adaptive Cruise Control (ACC) Market, 2024 - 2031, USD Million
- TABLE 85 Nigeria Adaptive Cruise Control (ACC) Market by Product Sales, 2020 - 2023, USD Million
- TABLE 86 Nigeria Adaptive Cruise Control (ACC) Market by Product Sales, 2024 - 2031, USD Million
- TABLE 87 Nigeria Adaptive Cruise Control (ACC) Market by Type, 2020 - 2023, USD Million
- TABLE 88 Nigeria Adaptive Cruise Control (ACC) Market by Type, 2024 - 2031, USD Million
- TABLE 89 Nigeria Adaptive Cruise Control (ACC) Market by Component, 2020 - 2023, USD Million
- TABLE 90 Nigeria Adaptive Cruise Control (ACC) Market by Component, 2024 - 2031, USD Million
- TABLE 91 Nigeria Adaptive Cruise Control (ACC) Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 92 Nigeria Adaptive Cruise Control (ACC) Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 93 Rest of LAMEA Adaptive Cruise Control (ACC) Market, 2020 - 2023, USD Million
- TABLE 94 Rest of LAMEA Adaptive Cruise Control (ACC) Market, 2024 - 2031, USD Million
- TABLE 95 Rest of LAMEA Adaptive Cruise Control (ACC) Market by Product Sales, 2020 - 2023, USD Million
- TABLE 96 Rest of LAMEA Adaptive Cruise Control (ACC) Market by Product Sales, 2024 - 2031, USD Million
- TABLE 97 Rest of LAMEA Adaptive Cruise Control (ACC) Market by Type, 2020 - 2023, USD Million
- TABLE 98 Rest of LAMEA Adaptive Cruise Control (ACC) Market by Type, 2024 - 2031, USD Million
- TABLE 99 Rest of LAMEA Adaptive Cruise Control (ACC) Market by Component, 2020 - 2023, USD Million
- TABLE 100 Rest of LAMEA Adaptive Cruise Control (ACC) Market by Component, 2024 - 2031, USD Million
- TABLE 101 Rest of LAMEA Adaptive Cruise Control (ACC) Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 102 Rest of LAMEA Adaptive Cruise Control (ACC) Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 103 Key Information - Autoliv, Inc.
- TABLE 104 Key Information - Magna International, Inc.
- TABLE 105 Key Information - Robert Bosch GmbH
- TABLE 106 Key Information - Continental AG
- TABLE 107 Key Information - Denso Corporation
- TABLE 108 Key Information - Valeo SA
- TABLE 109 Key Information - Aptiv PLC
- TABLE 110 Key Information - ZF Friedrichshafen AG
- TABLE 111 key Information - Tesla, Inc.
- TABLE 112 Key Information - Nidec Motor Corporation
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