Pre-Collision Technology Market Size, Share, Trends, Growth, Opportunities, and Strategies 2024: A Comprehensive Report

Overview and Scope

Pre-collision technology, or collision avoidance technology, is an advanced driver-assistance system (ADAS) designed to prevent or reduce the severity of a collision. It utilizes an integrated system of sensors, cameras, radar, and software in vehicles to detect potential collisions and alert the driver or take action to prevent or mitigate the impact of a collision.

Sizing and Forecast

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.

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Segmentation & Regional Insights

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

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.

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Major Driver Impacting Market Growth

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.

Key Industry Players

Major companies operating in the pre-collision technology market report are 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

The pre-collision technology market report table of contents includes: