Forward Collision Warning System For Automotive Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
The Forward Collision Warning System for the automotive industry refers to a proactive safety device that alerts the driver in advance of a frontal accident. A probable collision with a vehicle ahead is detected by the collision warning system, which informs the driver. It supports drivers in critical situations such as congested traffic or poor visibility conditions by giving visual and audio warnings. When a potential collision is detected, the collision warning system issues a warning to the driver, and if the driver does not respond quickly enough, the collision warning system can initiate automated braking.

Sizing and Forecast
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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Segmentation & Regional Insights
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

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.

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Major Driver Impacting Market Growth
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.

Key Industry Players
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

The forward collision warning system for automotive market report table of contents includes:

1. Executive Summary

2. Forward Collision Warning System For Automotive Market Characteristics

3. Forward Collision Warning System For Automotive Market Trends And Strategies

4. Forward Collision Warning System For Automotive Market – Macro Economic Scenario

5. Global Forward Collision Warning System For Automotive Market Size and Growth

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31. Global Forward Collision Warning System For Automotive Market Competitive Benchmarking

32. Global Forward Collision Warning System For Automotive Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Forward Collision Warning System For Automotive Market

34. Forward Collision Warning System For Automotive Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

Velodyne LiDAR Inc.,

Gentex Corporation,

ZF Friedrichshafen AG,

Continental AG,

Denso Corporation

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