The Business Research Company’s report on the Collision Avoidance System Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the collision avoidance system market?
An increase in demand for automated vehicles is expected to drive the collision avoidance system market going forward. Automated vehicles refer to vehicles that can sense their surroundings and operate without human intervention. Automated vehicles use collision avoidance systems such as sensors, cameras, emergency braking, lane-keeping, and others to control the car and avoid accidents. For instance, In April 2024, the International Energy Agency, a Paris-based autonomous intergovernmental organisation, reported that almost 14 million new electric cars were registered globally in 2023, bringing their total number on the roads to 40 million. Electric cars accounted for around 18% of all vehicles sold in 2023, up from 14% in 2022 and only 2% five years earlier. Therefore, the rising demand for automated vehicles drives growth in the collision avoidance system market.
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How has the collision avoidance system market size evolved, and what are the latest forecasts for its expansion?
The collision avoidance system market size has grown strongly in recent years. It will grow from $45.75 billion in 2024 to $50.07 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to increased automotive safety regulations, reduction in accidents and fatalities, urbanization and traffic congestion, consumer demand for safety features, and insurance industry influence.
The collision avoidance system market size is expected to see strong growth in the next few years. It will grow to $72.9 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to smart cities and infrastructure, pedestrian and cyclist safety, emerging market adoption, growing autonomous vehicles, and rising road traffic. Major trends in the forecast period 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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Which major companies dominate 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., Ride Vision Ltd., LILEE System Ltd., Knorr-Bremse AG, Hella GmbH & Co. KGaA, Becker Mining Systems AG, Hexagon AB, Saab AB, Rockwell Automation Inc., Hyundai Mobis, Analog Devices, Murata Manufacturing Co. Ltd., Infineon Technologies, Panasonic Corporation, Continental AG, Siemens AG, Aptiv Plc, Magna International Inc., Valeo India Pvt. Ltd., NXP Semiconductors, Texas Instruments Incorporated, STMicroelectronics N.V., Renesas Electronics Corporation, Aisin Seiki Co. Ltd., Sensata Technologies Inc., First Sensor AG, LeddarTech Inc., Quanergy Systems Inc., Velodyne Lidar Inc., Ouster Inc., Luminar Technologies Inc.
What trends will shape the future of the collapsible metal tubes market?
Technological advancement is a key trend gaining popularity in the collision avoidance system market. Major companies operating in the collision avoidance system market are focused on developing new technological solutions to strengthen their position. For instance, in June 2023, Wabtec Digital Mine, a US-based technology company launched Generation 3 Collision Avoidance System (CAS). This advanced system focuses on true collision avoidance, surpassing traditional proximity detection. It maintains core features such as real-time self-testing, personnel detection, and secondary sensing, ensuring top-notch performance. The Generation 3 CAS features a user-friendly interface with context-based voice alerts, replacing traditional beeps and buzzers with discreet, directional, and audible warnings. The system enhances safety and productivity, with a strong focus on reducing risks associated with vehicle interactions in mining environments.
Which region dominates the collision avoidance system market, and what factors contribute to its leadership?
North America was the largest region in the collision avoidance system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the collision avoidance system market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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How is the collision avoidance system market segmented, and which segment holds the largest share?
The collision avoidance system market covered in this report is segmented –
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
Subsegments:
1) By Adaptive Cruise Control (ACC): Standard ACC, Dynamic ACC with Stop-and-Go Functionality
2) By Autonomous Emergency Braking (AEB): Forward Collision Warning (FCW) with AEB, Pedestrian Detection AEB
3) By Lane Departure Warning System (LDWS): Lane Keeping Assist (LKA), Lane Departure Prevention (LDP)
4) By Parking Assistance: Rear Parking Sensors, Automatic Parallel Parking Systems, 360-Degree Camera Systems
5) By Other Products: Blind Spot Detection Systems, Cross Traffic Alert Systems, Vehicle-to-Vehicle (V2V) Communication Systems
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How is the collision avoidance system market defined?
Collision avoidance systems refer to safety systems designed to warn, alert, or assist drivers in avoiding impending collisions and lowering the risk of incidents by providing visual and auditory warnings to operators or by 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.
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