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Collision Avoidance System Global Market Report 2024 - By Share, Size, Demand, Industry Insights, Outlook By 2033
Collision Avoidance System Market
As per the report, the collision avoidance system market size has grown rapidly in recent years. It will grow from $42.14 billion in 2023 to $46.39 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The collision avoidance system market size is expected to see strong growth in the next few years. It will grow to $66.98 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%.
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Rising Demand For Automated Vehicles Fuels Growth In The Collision Avoidance System Market
An increase in demand for automated vehicles is expected to drive the collision avoidance system market going forward. 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 growth.
Technological Advancements Drive Innovation In The Collision Avoidance System Market
Technological advancement is a key trend gaining popularity in the collision avoidance system market. Major companies operating in the collision avoidance system market are focused on developing new technological solutions to strengthen their position. For instance, in June 2023, Wabtec Digital Mine, a US-based technology company launched Generation 3 Collision Avoidance System (CAS). This advanced system focuses on true collision avoidance, surpassing traditional proximity detection. It maintains core features such as real-time self-testing, personnel detection, and secondary sensing, ensuring top-notch performance. The Generation 3 CAS features a user-friendly interface with context-based voice alerts, replacing traditional beeps and buzzers with discreet, directional, and audible warnings. The system enhances safety and productivity, with a strong focus on reducing risks associated with vehicle interactions in mining environments.
The collision avoidance system market covered in this report is segmented -
1) By Product: Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Lane Departure Warning System (LDWS), Parking Assistance, Other Products
2) By Technology: LiDAR, RADAR, Ultrasonic, Camera, Other Technologies
3) By Application: Automotive, Marine, Aerospace, Railways, Other Applications (Construction and Mining)
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Major companies operating in the collision avoidance system market include ZF Friedrichshafen AG, Delphi Technologies PLC, General Electric Company, Mobileye Global Inc., 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, Analog Devices, Murata Manufacturing Co. Ltd., Freescale Semiconductor, Infineon Technologies, Panasonic Corporation, Continental AG, Siemens AG, Aptiv Plc, Magna International Inc., Fujitsu Laboratories Ltd., Valeo India Pvt. Ltd., NXP Semiconductors, Texas Instruments Incorporated, STMicroelectronics N.V., Renesas Electronics Corporation, Aisin Seiki Co. Ltd., Sensata Technologies Inc., First Sensor AG, LeddarTech Inc., Quanergy Systems Inc., Velodyne Lidar Inc., Ouster Inc., Luminar Technologies Inc.
Contents of the report:
1. Executive Summary
2. Collision Avoidance System Market Report Structure
3. Collision Avoidance System Market Trends And Strategies
4. Collision Avoidance System Market - Macro Economic Scenario
5. Collision Avoidance System Market Size And Growth
…..
27. Collision Avoidance System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Summary
This report studies the global Automotive Collision Repair Service market, analyzes and researches the Automotive Collision Repair Service development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
3M
ABRA Auto Body & Glass
BASF
Continental
Service King
Caliber Collision
Robert Bosch GmbH
DuPont
Honeywell International Inc.
Federal-Mogul Corporation
Denso Corporation
ZF Friedrichshafen AG
Faurecia…
Global Automotive Collision Repair Service Market 2022 - Service King, Caliber C …
This report studies the global Automotive Collision Repair Service market, analyzes and researches the Automotive Collision Repair Service development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
3M
ABRA Auto Body & Glass
BASF
Continental
Service King
Caliber Collision
Robert Bosch GmbH
DuPont
Honeywell International Inc.
Federal-Mogul Corporation
Denso Corporation
ZF Friedrichshafen AG
Faurecia
Bridgestone Corporation
Market segment by Regions/Countries, this report covers
United States
EU
Japan
China
India
Southeast Asia
Market segment by Type, Automotive…
