The collision avoidance system market is expected to grow at a CAGR of 8.42%, reaching a market size of US$77.799 billion in 2029 from US$51.942 billion in 2024.
To decrease the intensity of a mishap, systems designed for safety purposes are collision-evading devices. Issues like these are used mostly in industries like mining, construction, and automotive, among many others. Collision avoidance systems include lasers, cameras, radars, LIDAR, and even sensors that detect possible crashes before they happen and warn the drivers before it’s too late. The worldwide growth rate for traffic accidents is the main driving force behind the collision avoidance technology market. Increasing concentration on occupational safety in sectors like warehouse management is increasing traction for collision avoidance technologies.
Moreover, collision avoidance technology reduces the number of traffic accidents and lessens their effects on pedestrians and car occupants. The market for anti-collision systems has grown as a result of rising consumer awareness, updated safety agency ratings, and continuous research and development by leading industry players. For example, ZF, Mobileye, and Toyota Motor Corp. worked together to develop and provide advanced driver assistance systems (ADAS). The integration of these systems into different vehicle platforms throughout the Toyota Group will guarantee improved driving assistance and safety features for cars to come.
Currently, some automakers are integrating parking assistance systems that used to be exclusive to a segment with higher prices into their mid-range or smaller vehicles to distinguish themselves from the competition. The use of ADAS systems is just beginning in price-sensitive nations such as India because buying a car requires money, while collision avoidance systems do not appear to make much difference in terms of safety; hence, people do not know them well enough. However, there have been various awareness campaigns, government initiatives, and programs; hence, this trend has been improving steadily with time.
To decrease the intensity of a mishap, systems designed for safety purposes are collision-evading devices. Issues like these are used mostly in industries like mining, construction, and automotive, among many others. Collision avoidance systems include lasers, cameras, radars, LIDAR, and even sensors that detect possible crashes before they happen and warn the drivers before it’s too late. The worldwide growth rate for traffic accidents is the main driving force behind the collision avoidance technology market. Increasing concentration on occupational safety in sectors like warehouse management is increasing traction for collision avoidance technologies.
Moreover, collision avoidance technology reduces the number of traffic accidents and lessens their effects on pedestrians and car occupants. The market for anti-collision systems has grown as a result of rising consumer awareness, updated safety agency ratings, and continuous research and development by leading industry players. For example, ZF, Mobileye, and Toyota Motor Corp. worked together to develop and provide advanced driver assistance systems (ADAS). The integration of these systems into different vehicle platforms throughout the Toyota Group will guarantee improved driving assistance and safety features for cars to come.
Collision Avoidance Market Drivers:
- A growing number of traffic crashes are expected to fuel market expansion
Collision Avoidance Market Geographical Outlook
- Asia Pacific is expected to hold a significant market share in the forecast period.
Currently, some automakers are integrating parking assistance systems that used to be exclusive to a segment with higher prices into their mid-range or smaller vehicles to distinguish themselves from the competition. The use of ADAS systems is just beginning in price-sensitive nations such as India because buying a car requires money, while collision avoidance systems do not appear to make much difference in terms of safety; hence, people do not know them well enough. However, there have been various awareness campaigns, government initiatives, and programs; hence, this trend has been improving steadily with time.
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- Historical data & forecasts from 2022 to 2029
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
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- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
Key Market Segmentation:
The collision avoidance system market is segmented and analyzed as below:- By Type
- Forward Collision Warning
- Reverse Collision Warning
- Adaptive Cruise Control (ACC)
- Multi-Collision Brake
- Others
- By Technology
- Radar
- LiDAR
- By Industry Vertical
- Automotive
- Material Handling
- Aerospace and Defense
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- India
- China
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Others
- North America
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. COLLISION AVOIDANCE SYSTEM MARKET BY TYPE
6. COLLISION AVOIDANCE SYSTEM MARKET BY TECHNOLOGY
7. COLLISION AVOIDANCE SYSTEM MARKET BY INDUSTRY VERTICAL
8. COLLISION AVOIDANCE SYSTEM MARKET BY GEOGRAPHY
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
10. COMPANY PROFILES
Companies Mentioned
Some of the key companies profiled in this Collision Avoidance System Market report include:- Robert Bosch Gmbh
- Denso Corporation
- Autoliv Inc.
- ZF Friedrichshafen AG
- Becker Mining
- Collins Aerospace, A United Technologies Company
- Hexagon AB
- Continental AG
- Infineon Technologies AG
- Panasonic Holdings Corporation
- Hyundai Motor Company
- Mossy Toyota
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 142 |
Published | September 2024 |
Forecast Period | 2024 - 2029 |
Estimated Market Value ( USD | $ 51.94 billion |
Forecasted Market Value ( USD | $ 77.8 billion |
Compound Annual Growth Rate | 8.4% |
Regions Covered | Global |
No. of Companies Mentioned | 13 |