Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
collision avoidance system market growth, collision avoidance system market forecast, collision avoidance system market insights, collision avoidance system market analysis, collision avoidance system market share, collision avoidance system market trends
What are the Growth Projections for the Global Collision Avoidance System Market?
The collision avoidance system market size has seen strong growth in the recent years, with a valuation of $45.75 billion in 2024 and expected to reach $50.07 billion in 2025, growing at a compound annual growth rate (CAGR) of 9.4%. Several factors contribute to this growth, including increased automotive safety regulations, reduction in accidents and fatalities, urbanization and traffic congestion, consumer demand for safety features, and influence of the insurance industry.
Predictions indicate continued growth for the collision avoidance system market, with an estimated valuation of $72.9 billion by 2029, growing at a CAGR of 9.8%. Future growth is expected to primarily be driven by smart cities and infrastructure, pedestrian and cyclist safety, emerging market adoption, growing autonomous vehicles, and rising road traffic. Key trends include electric and hybrid vehicle integration, automotive industry innovations, real-time data and AI integration, 5G connectivity and v2x communication, and advanced driver-assistance systems (ADAS).
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What is Driving the Collision Avoidance System Market Growth?
The rise in demand for automated vehicles is expected to be a major driver for the growth of the collision avoidance system market. Automated vehicles, which can sense their surroundings and operate without human intervention, use collision avoidance systems such as sensors, cameras, emergency braking, and lane-keeping. In 2023, electric cars represented approximately 18% of all vehicles sold, a four percent increase from 2022 and a significant jump from just 2% five years previously. The growing demand for automated vehicles is therefore a key growth factor for the collision avoidance system market.
What are the Key Segments within the Collision Avoidance System Market?
1) By Product: Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Lane Departure Warning System (LDWS), Parking Assistance, Other Products
2) By Technology: LiDAR, RADAR, Ultrasonic, Camera, Other Technologies
3) By Application: Automotive, Marine, Aerospace, Railways, Other Applications
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Who are the Major Players in the Collision Avoidance System Market?
Major companies operating in the collision avoidance system market include ZF Friedrichshafen AG, General Electric Company, Mobileye Global Inc., Denso Corporation, Robert Bosch GmbH, Wabtec Corporation, Alstom SA, Autoliv Inc., Honeywell International Inc., and Ride Vision Ltd. among others.
What are the Key Trends in the Collision Avoidance System Market?
Technological advancements are rapidly shaping the collision avoidance system market landscape. Major companies are looking to solidify their market position through developmental innovations. For example, Wabtec Digital Mine launched the Generation 3 Collision Avoidance System (CAS) in June 2023, focusing on true collision avoidance. This advanced system includes features like real-time self-testing, personnel detection, and usability improvements like context-based voice alerts.
What is the Regional Analysis of the Collision Avoidance System Market?
In 2024, North America was the largest region in the collision avoidance system market. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The collision avoidance system market report also covers Western Europe, Eastern Europe, South America, Middle East and Africa.
What Does The Collision Avoidance System Market Report 2025 Offer?
Collision avoidance systems refer to safety systems designed to warn or assist drivers in avoiding impending collisions. They help to lower the risk of incidents by providing visual and auditory warnings to operators or actively enforcing defensive maneuvers such as braking when a collision is impending. The collision avoidance system is used to prevent or decrease the severity of a collision. This research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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