The pre-collision technology 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.
Pre-Collision Technology 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 pre-collision technology market size has grown rapidly in recent years. It will grow from $51.04 billion in 2023 to $56.56 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to forward collision warning, automatic emergency braking, lane departure warning, blind spot detection, collision avoidance system.
The pre-collision technology market size is expected to see strong growth in the next few years. It will grow to $80.52 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to advanced driver-assistance systems, connected vehicle technology, vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, autonomous vehicles electrification and lightweighting. Major trends in the forecast period include enhanced sensor fusion, AI-powered collision prediction, pedestrian and cyclist detection, adaptive cruise control integration, continuous software updates and improvements.
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Scope Of Pre-Collision Technology 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.
Pre-Collision Technology Market Overview
Market Drivers –
Increasing demand for autonomous vehicles is expected to propel the growth of the pre-collision technology market going forward. An autonomous vehicle, or self-driving automobile, is a vehicle that can sense its surroundings and operate without human intervention. Pre-collision technology is used in autonomous cars to detect and mitigate possible collisions by utilizing cameras, sensors, radar, and software to increase safety and avoid accidents. For instance, in 2022, according to the Insurance Institute for Highway Safety, a US-based independent, nonprofit scientific, and educational organization, it is estimated that around 3.5 million self-driving vehicles are expected to be on US roads by 2025 and 4.5 million by 2030. Additionally, it is estimated that 75% of cars on the roads in the world are expected to be autonomous by 2040. Therefore, increasing demand for autonomous vehicles is driving the pre-collision technology market.
Market Trends –
Major companies operating in the pre-collision technology market are focused on technologically advanced products, such as collision avoidance systems, to strengthen their position in the market. A collision avoidance system is a piece of safety equipment meant to prevent or lessen the severity of a collision. For instance, in June 2023, Wabtec Corporation, a US-based company that offers equipment, systems, and digital solutions, launched the Generation 3 Collision Avoidance System (CAS). The Generation 3 CAS has a new, cleaner, and plainer user interface and context-based voice alerts created with the most recent human factor design principles. It replaces beeps-and-buzzer analog technology with smart, discrete, directed, and auditory alerts. This interface allows operators to operate without distractions and respond immediately to auditory notifications. The new system will improve safety and productivity while also providing the latest level of performance through its rules and intelligence capabilities.
The pre-collision technology market covered in this report is segmented –
1) By Product: Parking Assistance, Lane Departure Warning System (LDWS), Autonomous Emergency Braking (AEB), Adaptive Cruise Control (ACC), Other Products
2) By Technology: Camera, Ultrasonic, Radio Detection And Ranging (RADAR), Light Detection And Ranging (LiDAR), Other Technologies
3) By Application: Automotive, Aviation, Railway, Mining, Marine, Other Applications
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Regional Insights –
North America was the largest region in the pre-collision technology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pre-collision technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Toyota Motor Corporation, Robert Bosch GmbH, Siemens AG, General Electric Company, Hitachi Automotive Systems, Panasonic Corporation, Denso Corporation, Qualcomm Technologies Inc., ZF Friedrichshafen AG, Continental AG, Hyundai Mobis, Magna International Inc., Mitsubishi Electric Corporation, Honeywell International Inc., Valeo SA, Texas Instruments Incorporated, Collins Aerospace, Aptiv PLC, Alstom SA, Infineon Technologies AG, NXP Semiconductors, Renesas Electronics Corporation, Autoliv Inc., Wabtec Corporation, Garmin Ltd., Pioneer Corporation, Mobileye, Delphi Automotive PLC
Table of Contents
1. Executive Summary
2. Pre-Collision Technology Market Report Structure
3. Pre-Collision Technology Market Trends And Strategies
4. Pre-Collision Technology Market – Macro Economic Scenario
5. Pre-Collision Technology Market Size And Growth
…..
27. Pre-Collision Technology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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