The global collision avoidance system market size was valued at $47.8 billion in 2020, and is projected to reach $114.5 billion by 2030, registering a CAGR of 9.1% from 2021 to 2030. Collision avoidance systems are designed to decrease the impact of collision between the two vehicles during accidents and crashes. These systems involve technologies, such as LiDAR, RADAR, ultrasonic, and camera, which monitor the environment of the vehicle constantly and assist the driver by crash warning or by avoiding a collision. The system is capable of detecting and warning the driver of potential hazardous conditions in the forward, side, and rear regions of the vehicle.
The growth of the global collision avoidance system market is anticipated to be driven by factors such as increase in demand for automated vehicles and improved visibility and enhanced safety. In addition, growth in electronic integration in the transportation sector drives the growth of the collision avoidance system market. However, high installation cost restricts the market growth. On the contrary, increase in automotive safety norms and electronic integration in automotive are expected to create lucrative opportunities for the market.
The collision avoidance system market is segmented on the basis of type, technology, application, and region. By type, the market is segmented into adaptive cruise control, autonomous emergency braking (AEB), lane departure warning system, parking assistance, and others. By technology, the market is classified into LiDAR, RADAR, ultrasonic, camera, and others. On the basis of application, the market is segmented into automotive, aerospace & defense, marine, and rail.
Region-wise, the collision avoidance system market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the market include Alstom SA, Autoliv, Inc., Delphi Automotive PLC (Aptiv), Denso Corporation, General Electric Company, Honeywell International Inc., Robert Bosch GmbH, Collins Aerospace, and Siemens AG, and Wabtec Corporation.
The growth of the global collision avoidance system market is anticipated to be driven by factors such as increase in demand for automated vehicles and improved visibility and enhanced safety. In addition, growth in electronic integration in the transportation sector drives the growth of the collision avoidance system market. However, high installation cost restricts the market growth. On the contrary, increase in automotive safety norms and electronic integration in automotive are expected to create lucrative opportunities for the market.
The collision avoidance system market is segmented on the basis of type, technology, application, and region. By type, the market is segmented into adaptive cruise control, autonomous emergency braking (AEB), lane departure warning system, parking assistance, and others. By technology, the market is classified into LiDAR, RADAR, ultrasonic, camera, and others. On the basis of application, the market is segmented into automotive, aerospace & defense, marine, and rail.
Region-wise, the collision avoidance system market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the market include Alstom SA, Autoliv, Inc., Delphi Automotive PLC (Aptiv), Denso Corporation, General Electric Company, Honeywell International Inc., Robert Bosch GmbH, Collins Aerospace, and Siemens AG, and Wabtec Corporation.
KEY BENEFITS FOR STAKEHOLDERS
- This study comprises analytical depiction of the global collision avoidance system market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall collision avoidance system market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current collision avoidance system market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and the collision avoidance system market share of key vendors.
- The report includes the market trends and the market share of key vendors.
Key Market Segments
By Product
- Adaptive Cruise Control (ACC)
- Autonomous Emergency Braking (AEB)
- Lane Departure Warning System (LDWS)
- Parking assistance
- Others
By Technology
- LiDAR
- RADAR
- Ultrasonic
- Camera
- Others
By Application
- Rail
- Automotive
- Aerospace and Defense
- Marine
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest Of Asia Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Alstom SA
- Autoliv Inc.
- Delphi Automotive PLC (Aptiv)
- Denso Corporation
- General Electric Company
- Honeywell International Inc.
- Robert Bosch GmbH
- Collins Aerospace
- Siemens AG
- Wabtec Corporation
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: COLLISION AVOIDANCE SYSTEM MARKET, BY PRODUCT
CHAPTER 5: COLLISION AVOIDANCE SYSTEM MARKET, BY TECHNOLOGY
CHAPTER 6: COLLISION AVOIDANCE SYSTEM MARKET, BY APPLICATION
CHAPTER 7: COLLISION AVOIDANCE SYSTEM MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Collision Avoidance System Market,' the collision avoidance system market size was valued at $47.8 billion in 2020, and is estimated to reach $114.5 billion by 2030, growing at a CAGR of 9.1% from 2021 to 2030.Asia-Pacific is expected to witness fastest growth in collision avoidance system market during the forecast period, followed by LAMEA and North America.Collision avoidance systems are designed to decrease the impact between the two vehicles during accidents and crashes. These systems involve technologies, such as LiDAR, RADAR, ultrasonic, and camera, which monitor the environment of the vehicle constantly and assist the driver by sending a crash warning or by avoiding a collision. The system is capable of detecting and warning the driver of a potential hazardous conditions in the forward, side, and rear regions of the vehicle.
Increase in demand for automated vehicles plays a vital role in driving the automobile collision avoidance system market growth. Furthermore, the growth of the global collision avoidance system market is anticipated to boost by factors, such as surge in sales of sports utility vehicles (SUVs) and high-end luxury vehicles, and utility vehicles. In addition, improved visibility & enhanced safety supplements boost the overall market growth. However, high installation cost acts as a major restraint of the global collision avoidance system market. On the contrary, rise in the automotive safety norms and installation of advanced driver assistance system such as blind spot collision avoidance assist in passenger cars are expected to create lucrative opportunities for the collision avoidance system industry.
Moreover, developing nations tend to witness high penetration of collision prevention and collision warning systems in the automotive sector, owing to increase in electronic integration in automotive, which is anticipated to augment the market growth.
The collision avoidance system market analysis is provided on the basis of type, technology, application, and region. By type, the market is segmented into adaptive cruise control, autonomous emergency braking (AEB), lane departure warning system, parking assistance, and others. By technology, the market is classified into LiDAR, RADAR, ultrasonic, camera, and others. On the basis of application, the market is segmented into automotive, aerospace & defense, marine, and rail.
Region-wise, the collision avoidance system market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe contributed maximum revenue in 2020. However, between 2020 and 2030, the collision avoidance system market in Asia-Pacific is expected to grow at a faster rate as compared to other regions. This is attributed to increase in demand from the emerging economical countries, such as India, China, Japan, Taiwan, and South Korea.
COVID-19 Impact Analysis
The outbreak of COVID-19 significantly affected the electronics and semiconductor sector. Business and manufacturing units across various countries were closed, owing to increase in number of COVID-19 cases, and remained closed in 2021. Furthermore, partial or complete lockdown disrupted thw global supply chain, posing challenges for manufactures to reach customers.
The COVID-19 pandemic impacts the society and overall economy across the globe. The impact of this outbreak grows day-by-day and affects the overall business globally. The crisis creates uncertainty in the stock market and results in falling business confidence, massive slowing of supply chain, and increases panic among the customer segments.
Asian and European countries under lockdowns suffered major loss of business and revenue, due to the shutdown of manufacturing units. The operations of the production and manufacturing industries were heavily impacted by the outbreak of the COVID-19 disease, which further impacted the growth of the collision avoidance system market.
In addition, the COVID-19 pandemic impacted the electronics sector, as production facilities were stalled, which, in turn, boosted the demand for electronics and semiconductor products in the industries. Its major impact includes, a large-scale manufacturing interruption across Europe and interruption in Chinese parts exports, which are expected to hinder the growth of the collision avoidance system market.
Key findings of the Study
- The automotive sector is projected to be the major application segment in the market, followed by rail.
- Asia-Pacific and North America collectively accounted for more than 53% of the collision avoidance system market share in 2020.
- The U.S. was the major shareholder in the North America collision avoidance system market, accounting for approximately $ 59% share in 2020.
- Depending on technology, the radar segment generated the highest revenue in 2020. However, the ultrasound segment is expected to witness the highest growth rate in the near future.
- Region-wise, the collision avoidance system market was dominated by Europe in 2020. However, Asia-Pacific is expected to witness significant growth in the coming years.
Companies Mentioned
- Alstom SA
- Autoliv Inc.
- Delphi Automotive PLC (Aptiv)
- Denso Corporation
- General Electric Company
- Honeywell International Inc.
- Robert Bosch GmbH
- Collins Aerospace
- Siemens AG
- Wabtec Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 47.8 billion |
| Forecasted Market Value ( USD | $ 114.5 billion |
| Compound Annual Growth Rate | 9.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
