Collision Avoidance System Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2027

The global collision avoidance system market is expected to grow at a significant CAGR during the forecast period (2021-2027). The collision avoidance system is useful for avoiding impending collisions between items such as automobiles, planes, trains, ships, and other vehicles. The global collision avoidance system market is being boosted by its increasing use in the construction and mining industries. Various collision avoidance systems, such as airborne collision avoidance system (ACAS), train collision avoidance system (TCAS), ground proximity warning system (GPWS), and obstacle collision avoidance system, are available depending on their uses. The principle of a collision avoidance system is to avoid a collision by either notifying the operator or taking an autonomous avoidance manoeuvre.

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Automobile giants such as Ford Explorer, Fusion, and General Motors have pre-collision systems fitted in their vehicles. The radar in these pre-collision systems detects impending danger and informs the drivers, or the system may even brake the car. The automotive industry holds the greatest proportion of the global collision avoidance market, and the market is expected to grow in the forecasted period owing to the rising traveller and vehicle safety concerns. Ride Vision launched Collision Avoidance System for Motorcycles in November 2020, an AI-based motorcycle safety alert system that is available globally. It uses a combination of image-recognition and other AI-based algorithms to correct for a motorcycle's positional changes and even rider behavior. The system can be put on any type of two-wheeled vehicle, independent of model or manufacturer, through an app that connects the system to the rider's smartphone.

Furthermore, LILEE Systems, a provider of smart transportation systems, announced the debut of SafeRail, a revolutionary high-rail collision avoidance system, in March 2021. According to the company, it has developed the first complete high-rail collision prevention system. The new system can be used in conjunction with the SafeRide fleet safety solution to keep hi-rail vehicles safe on the rails and on the roads. The SafeRail system from LILEE Systems provides proximity and authority limit alerts to support minimize collisions.

Market Coverage

· The market number available for - 2020-2027

· Base year- 2020

· Forecast period- 2021-2027

Segment Covered-

· By Technology

· By Functionality

· By End-User

Regions covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape: Delphi Automotive LLP, Robert Bosch GmbH, and Rockwell Collins, Inc., among others.

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Global Collision Avoidance System Market Report by Segment

By Technology

• Radar

• Camera

• Ultrasound

• LiDAR

By Functionality

• Adaptive Cruise Control (ACC)

• Autonomous Emergency Braking (AEB)

• Parking Assistance

• Lane Departure Warning System

• Others

By End-User

• Automotive

• Marine

• Aerospace and Defense

• Railways

Global Collision Avoidance System Market Report by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

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