Forward Collision Warning System for Automotive Global Market Report 2024

The global forward collision warning system for automotive market 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 historical period can be attributed to the growing awareness of road safety, heightened consumer demand for safety features, an increase in the number of road accidents, government initiatives promoting road safety, a rise in vehicle production, and the integration of advanced driver assistance systems.

The global forward collision warning system for automotive market 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 anticipated growth in the forecast period can be attributed to the persistent focus on vehicle safety ratings, the worldwide expansion of the Advanced Driver Assistance Systems (ADAS) market, regulatory mandates, collaborative efforts with the insurance industry, the effects of urbanization and traffic congestion, and the ongoing development of customizable warning alerts. Key trends expected in the forecast period encompass the integration with Advanced Driver Assistance Systems (ADAS), the incorporation of collision mitigation and autonomous emergency braking (AEB), advancements in pedestrian and cyclist detection, the implementation of multi-sensor fusion technology, improved false alarm reduction, and a growing adoption of Vehicle-to-Everything (V2X) communication.

The escalating incidents of road accidents are fueling the demand for forward collision warning systems in the automotive market. Road accidents, leading to injuries or fatalities, can be mitigated with the integration of collision warning systems in vehicles. These systems analyze the car's speed, providing warning lights and images when a potential collision is detected. In the first half of 2021, the U.S. Department of Transportation's National Highway Traffic Safety Administration reported a significant 18.4% increase in fatalities, reaching 20,160 deaths in car accidents. This surge in road accidents highlights the urgent need for forward collision warning systems to enhance vehicle safety and prevent collisions, thus driving the growth of this automotive market segment.

The expanding automotive production sector is poised to drive the growth of forward collision warning systems in the automotive market. Automotive production involves the manufacturing of various vehicles, and the implementation of forward collision warning systems is crucial for vehicle safety. These systems utilize sensors to detect potential frontal collisions, providing timely alerts to drivers and sometimes triggering automatic braking. In August 2023, total vehicle production in the United States increased to 11.77 million units, reflecting a growth trend. As automotive production continues to rise, the demand for forward collision warning systems is expected to grow proportionally, contributing to the expansion of the automotive safety technology market.

Technological advancements represent a key trend in the forward collision warning systems for the automotive market. Companies operating in this industry are focused on developing new products and technologies to gain a competitive edge. For example, Mobileye, an Israel-based developer of advanced driver assistance systems, introduced an AI-based collision avoidance technology in 2021. This innovative technology employs artificial intelligence to identify potential hazards and provide real-time alerts to drivers. The system continuously monitors the road ahead, issuing warnings seconds before a potential collision, thereby enhancing automotive safety through cutting-edge technological solutions.

Major companies in the forward collision warning systems market are increasingly emphasizing the introduction of collision mitigation systems to gain a competitive advantage. Collision mitigation systems are advanced safety technologies designed to help drivers prevent or minimize the impact of collisions. ZF Friedrichshafen AG, a Germany-based engineering company, launched a new collision mitigation system for city buses in April 2022. Tailored for urban environments, this system provides active braking support and issues forward collision warnings to prevent accidents with other vehicles, bicyclists, and pedestrians. As companies prioritize the development of collision mitigation systems, the automotive market is expected to witness further advancements in safety technology.

In July 2021, Infineon Technologies AG, a leading semiconductor manufacturer based in Germany, disclosed a strategic partnership with Reality AI for an undisclosed investment. Through this collaboration, Infineon Technologies and Reality AI jointly developed an innovative sensing solution designed to equip vehicles with an enhanced auditory perception, specifically supporting collision warning system technology. Reality AI, headquartered in the United States, specializes in providing AI and sensor-based applications tailored for the automotive industry and various other sectors.

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., and Tadano Limited.

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. The countries covered in the forward collision warning system for automotive market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Various types of forward collision warning systems in the automotive sector include Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Lane Departure Warning Systems (LDWS), Parking Assistance, and others. Active safety technologies, like Adaptive Cruise Control, play a key role in automatically adjusting a vehicle's acceleration and braking. The technologies employed by these systems include lidar, radar, camera, ultrasonic sensors, and others. These technologies are typically sold or distributed through sales channels such as OEM (Original Equipment Manufacturer) and aftermarket. The application of the forward collision warning system extends beyond automotive to industries like aerospace and defense, marine, rail, showcasing its versatility in enhancing safety across various transportation sectors.

This report provides forward collision warning system for automotive market statistics, including forward collision warning system for automotive industry global market size, regional shares, competitors with a forward collision warning system for automotive market share, detailed forward collision warning system for automotive market segments, market trends and opportunities, and any further data you may need to thrive in the forward collision warning system for automotive industry. This forward collision warning system for automotive market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The forward collision warning system for the automotive market consists of sales of warning and preparing brakes, warning, and autonomous braking. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.