Press release
Forward Collision Warning System For Automotive Market 2024 Future Trends, Scope, Industry Analysis And Forecast To 2033
Forward Collision Warning System For Automotive
The Business Research Company presents an extensive market research report on the Forward Collision Warning System For Automotive Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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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Key Market 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
Market Drivers:
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.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/forward-collision-warning-system-for-automotive-global-market-report
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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