Press release
Collision Avoidance System Market Size, Share, Growth, Trend And Forecast 2031 | Mobileye, Denso Corporation, Wabtec Corporation, Alstom SA, Autoliv Inc.
Collision Avoidance System Market Trends
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The global collision avoidance system market report by the business research company identifies an increase in demand for automated vehicles is expected to be a major growth driver for the collision avoidance system market. Automated vehicles refer to vehicles that can sense their surroundings and operate without human intervention. Automated vehicles use collision avoidance systems such as sensors, cameras, emergency braking, lane-keeping, and others to control the car and avoid accidents. For instance, in 2021, Tesla, a US-based automated car manufacturer, sold 93.6 vehicles globally, an 87% increase from 2020. Therefore, increased demand for automated vehicles is driving the collision avoidance system market.
The global collision avoidance system market size is expected to grow from $34.68 billion in 2021 to $37.79 billion in 2022 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The collision avoidance system market is expected to grow to $53.68 billion in 2026 at a CAGR of 9.2%.
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North America was the largest region in the collision avoidance system market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this collision avoidance system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the collision avoidance system market are ZF Friedrichshafen AG, Delphi Technologies PLC, General Electric Company, Mobileye, Denso Corporation, Robert Bosch GmbH, Wabtec Corporation, Alstom SA, Autoliv Inc., Honeywell International Inc., Ride Vision Ltd., Aptiv Global Operations Ltd., LILEE System Ltd., Knorr-Bremse AG, Hella GmbH & Co. KGaA, Becker Mining Systems AG, Hexagon AB, Aviation Communication & Surveillance Systems LLC, Saab AB, Rockwell Automation Inc., Hyundai Mobis, Mobileeye N.V., Analog Devices, Murata Manufacturing, Freescale Semiconductor, Infineon Technologies, and Panasonic Corporation
The global collision avoidance system market is segmented -
1) By Product: Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Lane Departure Warning System (LDWS), Parking Assistance, Others Products
2) By Technology: LiDAR, RADAR, Ultrasonic, Camera, Others Technologies
3) By Application: Automotive, Marine, Aerospace, Railways, Other Applications (Construction and Mining)
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The Collision avoidance system Market Report Contents Include
1. Executive Summary
2. Collision Avoidance System Market Characteristics
3. Collision Avoidance System Market Trends And Strategies
4. Collision Avoidance System Market - Macro Economic Scenario
5. Collision Avoidance System Market Size And Growth
....
26. Africa Collision Avoidance System Market
27. Collision Avoidance System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Collision Avoidance System Market
29. Collision Avoidance System Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the collision avoidance system market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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