Adaptive Cruise Control And Blind Spot Detection Global Market Size, Trends, Growth Opportunities And Forecast To 2033Posted by ramacharitbrc on May 29th, 2024 ![]() Overview and Scope Adaptive cruise control (ACC) and blind spot detection (BSD) are advanced safety features in vehicles that work together to enhance driving safety. ACC is a system that automatically adjusts the vehicle's speed to maintain a safe distance from the car ahead, while BSD is a sensor-based detection system that alerts the driver about vehicles in their blind spot. These technologies minimizes accidents and improving overall road safety by providing drivers with assistance in maintaining safe distances and being aware of vehicles in their blind spots The adaptive cruise control and blind spot detection market size has grown rapidly in recent years. It will grow from .33 billion in 2023 to .79 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to rising traffic congestion, integration with vehicle-to-vehicle communication, urbanization trends, vehicle electrification, and environmental concerns. https://www.thebusinessresearchcompany.com/report/adaptive-cruise-control-and-blind-spot-detection-global-market-report The adaptive cruise control and blind spot detection market covered in this report is segmented – 2) By Vehicle Type: Passenger Cars, Commercial Vehicles 3) By Technology: Infrared, Radar, Image, Other Technologies 4) By Sales Channel: Original Equipment Manufacturer, Aftermarket https://www.thebusinessresearchcompany.com/sample.aspx?id=14831&type=smp The increasing number of accidents is expected to propel the growth of the adaptive cruise control and blind spot detection market going forward. The rise in motor vehicle accidents can be attributed to increased vehicle miles traveled, higher rates of distracted driving, speeding, impaired driving, driver fatigue, infrastructure challenges, and adverse weather conditions. Adaptive cruise control and blind spot detection significantly reduce accidents by enhancing driver awareness, maintaining safe following distances, and alerting drivers to vehicles in their blind spots. For instance, in April 2023, according to the National Highway Traffic Administration, a US-based intergovernmental organization, in 2021, there were 42,939 fatalities resulting from motor vehicle traffic crashes on U.S. roads, marking a 10% rise from the 39,007 fatalities recorded in 2020. Additionally, the estimated number of injuries from road accidents increased to 2.50 million in 2021, up from 2.28 million in 2020, reflecting an increase of 9.4%. Therefore, the increasing number of accidents drives the growth of the adaptive cruise control and blind spot detection market. Major companies operating in the adaptive cruise control and blind spot detection market are Honda Motor Co. Ltd., Robert Bosch GmbH, Panasonic Corporation, Denso Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis, Magna International Inc., Valeo SA, Lear Corporation, Texas Instruments Incorporated, Aptiv PLC, Infineon Technologies AG, NXP Semiconductors, BorgWarner Inc., Renesas Electronics Corporation, Autoliv Inc., Hella KGaA Hueck & Co., Garmin Ltd., Visteon Corporation, Mobileye Global Inc, TomTom N.V. 2. Market Characteristics 3. Market Trends And Strategies 4. Impact Of COVID-19 5. Market Size And Growth 6. Segmentation 7. Regional And Country Analysis …………. 27. Competitive Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis Like it? Share it!More by this author |