The Global Automotive Collision Avoidance System Market Continues To Grow Owing To the Increasing Prevalence of Road Accidents in the World: Autoliv, Inc., Delphi Automotive Plc., and Robert Bosch GmbH

The global Automotive Collision Avoidance System Market is estimated to account for US$ 30.9 billion by 2027

Summary of the Report -

Automotive Collision Avoidance System Market, by Device (Adaptive Cruise Control, Autonomous Emergency Braking, Blind Spot Detection, Driver Monitoring System, Electronic Stability Control, Lane Departure Warning, Night Vision, and Tire Pressure Monitoring System), By Technology (Radar, LiDAR, Camera, and Ultrasonic), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027.

Market Overview:

An automotive collision avoidance system is an advanced occupant protection device for vehicles that can prevent an accident before it takes place. These devices use radio waves to detect obstacles. These waves are invisible but move faster than sound. A pre-crash system contains small radar detectors that consistently release high-frequency signals, which smack against the nearest obstacles and bounce back to sensors in the car. The PCS unit uses this information to determine the car's speed, location, and relative velocity. A crash-avoidance system is a safety technology that helps drivers avoid accidents. Some of these technologies have been around for years, but they have only recently been used to save lives.

Competitive Landscape:

Major players operating in the global automotive collision avoidance system market include Siemens AG, Alstom SA, General Electric Company, Saab AB, Honeywell International, Inc., Aviation Communication & Surveillance Systems, LLC, Rockwell Collins, Inc., Wabtec Corporation, Hexagon AB, Becker Mining Systems AG, Mobileye N.V., Denso Corporation, Autoliv, Inc., Delphi Automotive Plc., and Robert Bosch GmbH.

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Key Market Drivers:

Increasing numbers of road accidents in the world are expected to drive the growth of the global automotive collision avoidance system market. For instance, according to World Health Organization, around 1.3 million individuals are cut short owing to road traffic crashes in the world. An automotive collision avoidance system is a system that can prevent a crash before it happens. This technology works in conjunction with conventional airbags and works by detecting possible crashes before the collision occurs. It also utilizes radars and other advanced safety technologies to predict an accident and take appropriate preventive measures before it takes place. These systems are available in many cars and vans, and they work by using sensors, cameras, and actuators to prevent a collision before it takes place. Increasing service launches by key market players are estimated to propel the growth of the global automotive collision avoidance system market.

Geographically, the report examines production, consumption, revenue, market share, growth rate, and forecasts for the following regions:

🔹North America (United States, Canada)

🔹Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

🔹Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

🔹Latin America (Brazil, Mexico, Others)

🔹The Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)

Covid-19 Impact Analysis:

During the COVID-19 pandemic, several restrictions lowered the demand in the global automotive collision avoidance system market. The main challenges are transport restrictions, the absence of skilled labor, the rapid spread of the virus, and lockdown measures.

Some of the important questions answered in this report include:

✅ What are the top five Automotive Collision Avoidance System Market players?

✅ What will the Automotive Collision Avoidance System Market look like in the following years?

✅ Which product and application will dominate the Automotive Collision Avoidance System Market?

✅ What are the Automotive Collision Avoidance System Market's drivers and restraints?

✅ Which regional market will represent the highest growth?

✅ What will be the CAGR and market size of the Automotive Collision Avoidance System Market over the forecast period?

✅ What is the present market size, what will it be in 2029, and what will be the growth rate?

✅ What are the constraints to market growth?

✅ What market opportunities and risks do the key companies face?

✅ Who are the main competitors, and what is their strategic approach?

✅ What are the market's entry challenges for new players?

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Detailed TOC of Automotive Collision Avoidance System Market Forecast Report:

1 Automotive Collision Avoidance System Market Overview

1.1 Product Overview and Scope of Automotive Collision Avoidance System Market

1.2 Segment by Type

1.3 Global Segment by Application

1.4 Global Market, Region Wise (2017-2022)

1.5 Global Market Size of Automotive Collision Avoidance System Market (2017-2029)

2 Global Automotive Collision Avoidance System Market Landscape by Player

2.1 Global Automotive Collision Avoidance System Market Sales and Share by Player (2017-2022)

2.2 Global Revenue and Market Share by Player (2017-2022)

2.3 Global Average Price by Player (2017-2022)

2.4 Global Gross Margin by Player (2017-2022)

2.5 Manufacturing Base Distribution, Sales Area and Product Type by Player

2.6 Market Competitive Situation and Trends

3 Automotive Collision Avoidance System Market Upstream and Downstream Analysis

3.1 Industrial Chain Analysis

3.2 Key Raw Materials Suppliers and Price Analysis

3.3 Key Raw Materials Supply and Demand Analysis

3.4 Manufacturing Process Analysis

3.5 Market Concentration Rate of Raw Materials

3.6 Downstream Buyers

3.7 Value Chain Status Under COVID-19

Market Scale and Segment Analysis:

▪ Global Automotive Collision Avoidance System Market, By Device

Adaptive Cruise Control (ACC)

Autonomous Emergency Braking (AEB)

Blind Spot Detection (BSD)

Driver Monitoring System (DMS)

Electronic Stability Control (ESC)

Lane Departure Warning (LDW)

Night Vision (NV)

Tire Pressure Monitoring System (TPMS)

▪ Global Automotive Collision Avoidance System Market, By Technology:

Radar

LiDAR

Camera

Ultrasonic

Continue....

Key Takeaways:

▪ The size of the global automotive collision avoidance system market is estimated to increase at a CAGR of 7.74%, owing to the increasing prevalence of road accidents in the world. For instance, according to World Health Organization, around 120,000 road fatalities and 2.4 million injuries happen every year in the world.

▪ North America is expected to dominate the growth of the global automotive collision avoidance system market, owing to the increasing prevalence of road accidents in the region. For instance, according to Insurance Institute for Highway Safety (IIHS), in 2019, there were 33,244 fatal motor vehicle crashes in the United States.

▪ The Asia Pacific is estimated to witness high growth in the global automotive collision avoidance system market, owing to the increasing prevalence of vehicles in the region. Moreover, degrading road conditions in several regions in the Asia Pacific are assessed to boost the market growth.

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