The forward collision warning system for automotive global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Forward Collision Warning System For Automotive Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The forward collision warning system for automotive market size has grown rapidly in recent years. It will grow from $30.73 billion in 2023 to $34.45 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to increasing awareness of road safety, consumer demand for safety features, rising number of road accidents, government initiatives for road safety, increased vehicle production, integration with advanced driver assistance systems.
The forward collision warning system for automotive market size is expected to see rapid growth in the next few years. It will grow to $53.55 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to continued emphasis on vehicle safety ratings, global expansion of adas market, regulatory mandates, insurance industry collaboration, urbanization and traffic congestion, development of customizable warning alerts. Major trends in the forecast period include integration with advanced driver assistance systems (adas), collision mitigation and autonomous emergency braking (aeb), pedestrian detection and cyclist detection, multi-sensor fusion technology, improved false alarm reduction, adoption of v2x communication.
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Scope Of Forward Collision Warning System For Automotive Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Forward Collision Warning System For Automotive Market Overview
Market Drivers –
The rising incidences of road accidents are driving the growth of forward collision warning systems for the automotive market. Road accident causes injury or death due to crashes originating from vehicles. Road accidents can be avoided with the implementation of collision warning systems in vehicles. It analyzes the speed of the car and gives warning lights and images if a collision is detected. For instance, in 2021, according to the U.S. Department of Transportation’s National Highway Traffic Safety Administration, it displayed the biggest six-month growth in the Fatality Analysis Reporting System’s history. In the first half of 2021, a projected 20,160 people died in car accidents, an increase of 18.4% from the previous year. Most fatalities are anticipated throughout that time period than at any point since 2006. In the first half of 2021, more than 20,000 people lost their lives on American highways. Therefore, rising incidences of road accidents are expected to propel the growth of forward collision warning systems for the automotive market.
Market Trends –
Technological advancements are a key trend gaining popularity in collision warning systems for the automotive market. Many companies operating in collision warning systems for the automotive industry are developing new products or new technologies to gain a competitive advantage in the market. For instance, in 2021, Mobileye, an Israel-based developer of vision-based advanced driver assistance systems, launched an AI-based collision avoidance technology that identifies potential hazards and alerts drivers in real-time. This technology continuously monitors the road ahead and warns the driver a few seconds before a potential collision, thus avoiding any occurrence of collision for the automotive.
The forward collision warning system for automotive market covered in this report is segmented –
1) By Type: Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Lane Departure Warning System (LDWS), Parking assistance, Other Types
2) By Technology: LIDAR, Radar, Camera, Ultrasonic, Other Technologies
3) By Sales Channel: OEM, Aftermarket
4) By Application: Aerospace & Defense, Marine, Rail, Automotive
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Regional Insights –
North America was the largest region in the forward collision warning system for the automotive market in 2023. The regions covered in the forward collision warning system for automotive market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the forward collision warning system for automotive market report are Velodyne LiDAR Inc., Gentex Corporation, ZF Friedrichshafen AG, Continental AG, Denso Corporation, BorgWarner Inc., Mobileye Global Inc., Delphi Automotive LLP, Honeywell International Inc., Robert Bosch GmbH, Wabtec Corporation, Alstom SA, Becker Mining Systems AG, Siemens AG, General Electric Company, Saab AB, Autoliv Inc., Infineon Technologies AG, Panasonic Corporation, Bendix Commercial Vehicle Systems LLC, Toyota Motor Corporation, WABCO Vehicle Control Services, Fujitsu Laboratories Ltd., RTX Corporation, Valeo Group, Aptiv PLC, Hitachi Astemo Ltd., NXP Semiconductors, STMicroelectronics N.V., Tadano Limited
Table of Contents
1. Executive Summary
2. Forward Collision Warning System For Automotive Market Report Structure
3. Forward Collision Warning System For Automotive Market Trends And Strategies
4. Forward Collision Warning System For Automotive Market – Macro Economic Scenario
5. Forward Collision Warning System For Automotive Market Size And Growth
…..
27. Forward Collision Warning System For Automotive Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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