Press release
Global Collision Avoidance System Market: Surging at a CAGR of 9.4%, Key Drivers, and Future Trends
Collision Avoidance System Market Size
Driven by Increased Automotive Safety Regulations and Urbanization, the Collision Avoidance System Market is Expected to Reach $72.9 Billion by 2029
What Is The Projected Market Size Of The Global Collision Avoidance System Market And Its Growth Rate?
• The collision avoidance system market size, growing significantly over the years, is projected to grow from $45.75 billion in 2024 to $50.07 billion in 2025 at a CAGR of 9.4%.
• Its growth can be attributed to increased automotive safety regulations, reduction in accidents and fatalities, urbanization and traffic congestion, consumer demand for safety features, and insurance industry influence.
• It is projected to further rise to $72.9 billion in 2029 at a CAGR of 9.8%, spurred by advancements in smart cities and infrastructure, pedestrian and cyclist safety, emerging market adoption, growing autonomous vehicles, and rising road traffic.
What Is Driving The Growth In The Collision Avoidance System Market?
The growth in the collision avoidance system market is expected to be driven by an increase in demand for automated vehicles. Automated vehicles are vehicles that can sense their surroundings and operate without human intervention. They use collision avoidance systems like sensors, cameras, emergency braking, lane-keeping, and others to control the car and avoid accidents. For example, the International Energy Agency reported in April 2024 that nearly 14 million new electric cars were registered globally in 2023, bringing their total number on the roads to 40 million. Therefore, the rising demand for automated vehicles will likely fuel the growth in the collision avoidance system market.
Request A Free Sample Copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=7470&type=smp
Who Are the Key Players Driving Collision Avoidance System Market Growth?
• ZF Friedrichshafen AG
• General Electric Company
• Mobileye Global Inc.
• Denso Corporation
• Robert Bosch GmbH
• Wabtec Corporation
• Alstom SA
• Autoliv Inc.
• Honeywell International Inc.
• Ride Vision Ltd.
• LILEE System Ltd., And Others
What Are The Key Trends In The Collision Avoidance System Market?
Major trends in the forecast period include:
• Electric and hybrid vehicle integration
• Automotive industry innovations
• Real-time data and ai integration
• 5g connectivity and v2x communication
• Advanced driver assistance systems (adas)
What Are The Segments Of The Global Collision Avoidance System Market?
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
Which Region Leads The Collision Avoidance System Market?
North America was the largest region in the collision avoidance system market in 2024, while Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery: https://www.thebusinessresearchcompany.com/report/collision-avoidance-system-global-market-report
What Is Covered In The Collision Avoidance System Market Global Market Report?
Market Size Analysis: Analyze the Collision Avoidance System Market size by key regions, countries, product types, and applications.
Market Segmentation Analysis: Identify various subsegments within the Collision Avoidance System Market for effective categorization.
Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
Market Contribution: Evaluate contributions of different segments to the overall Collision Avoidance System Market growth.
Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
Industry Challenges: Analyze challenges and risks affecting the Collision Avoidance System Market.
Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report: https://www.thebusinessresearchcompany.com/Customise?id=7470&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
"Learn More About The Business Research Company
With over 15,000+ reports covering 27 industries across 60+ geographies, The Business Research Company provides comprehensive, data-rich research and insights. With 1,500,000 datasets, we contribute in-depth secondary research and unique insights from industry leaders to provide the information you need to stay ahead. Our flagship product, the Global Market Model, is a leading market intelligence platform providing comprehensive and up-to-date forecasts to support informed decision-making."
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Collision Avoidance System Market: Surging at a CAGR of 9.4%, Key Drivers, and Future Trends here
News-ID: 3812489 • Views: …
More Releases from The Business research company
Foam Tape Industry to Achieve $14.62 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Foam Tape Market Grow by 2025 in Terms of Size and Growth?
In recent times, there has been significant growth in the market size for foam tape. It is projected to escalate from $10.02 billion in 2024 to $10.77 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
Continuous Positive Airway Pressure (CPAP) Mask Market Expansion Outlook: $3.85 …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Continuous Positive Airway Pressure (CPAP) Mask Market from 2024 to 2025?
In recent times, the market size of the continuous positive airway pressure (cpap) mask has seen robust growth. The market is projected to rise from $2.83 billion in 2024 to $3 billion in 2025,…
Alkyd Coating Market to Record 7.5% CAGR Growth Through 2029 | Global Analysis R …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Alkyd Coating Market Outlook: How is the Market Expected to Grow by 2025?
The market size of alkyd coatings has experienced significant growth in the past few years. The market is projected to expand from $25.13 billion in 2024 to $26.74 billion in 2025, exhibiting a compound annual growth rate…
Water Free Skincare Market Analysis: $22.5 Billion by 2029 With a CAGR of 7%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Water Free Skincare Market Value Projection: How Much Will the Market Size by 2025?
The market size of waterless skincare has experienced a robust increase in recent years. The expected growth is from $15.96 billion in 2024 to $17.15 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.…
More Releases for Collision
Big 3 Collision Named Best Collision Shop and Auto Body Shop in Michigan
Warren, MI - Big 3 Collision, a trusted name in auto repair, has been officially recognized as the Best Collision Shop Warren [https://www.big3autocollision.com/] and Auto Body Shop in Michigan. This prestigious accolade highlights their unwavering commitment to top-notch service, precision repairs, and exceptional customer care.
With a mission to return vehicles to their pre-damage condition (or better), Big 3 Collision has become the go-to destination for Michigan residents seeking expert collision…
Vehicle Collision Repair Market to Set an Explosive Growth in Near Future|Calibe …
HTF MI recently introduced Global Vehicle Collision Repair Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Service King, Caliber Collision, Gerber Collision, Fix Auto, etc..
Download Sample Report PDF…
Atlas Auto Collision: Brampton's Trusted Choice for Collision Repair and Restora …
Brampton, Ontario - Atlas Auto Collision takes pride in its position as a leader in collision repair and restoration services for the Brampton community. Their commitment to excellence ensures your vehicle is brought back to its pre-accident condition, using state-of-the-art equipment and a dedicated team of professionals.
Unparalleled Service and Expertise:
Comprehensive Collision Repair: Skilled technicians meticulously restore your vehicle using advanced tools and techniques, addressing both minor dents and major structural…
Premier Coach Auto Collision Offers Collision Repair Services in Thousand Oaks
Image: https://www.getnews.info/wp-content/uploads/2024/04/1702384602.png
Premier Coach Auto Collision, a leading auto body repair shop, is proud to offer its top-quality collision repair services to the Thousand Oaks community.
Thousand Oaks, CA - Premier Coach Auto Collision, a leading auto body repair shop, is proud to offer its top-quality collision repair services to the Thousand Oaks community. With over 20 certifications from automotive manufacturers and a team of highly trained technicians [https://premiercoachautocollision.com/our-team/], Premier Coach Auto…
Intelligent Pedestrian Collision Avoidance System Market Enhancing Pedestrian Sa …
Global Intelligent Pedestrian Collision Avoidance System Market Overview:
The Intelligent Pedestrian Collision Avoidance System market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Intelligent Pedestrian Collision Avoidance System market has experienced significant growth, driven by factors such as increasing consumer demand,…
ertified collision repairs from the experts at Maranello Collision
If you're in the market for certified collision repairs, look no further than Maranello Collision. Our expert technicians are fully qualified to handle all of your repair needs, and we only use OEM parts and materials to ensure that your car is restored to its original condition. We understand that accidents can be stressful, so our goal is always to make the process as smooth and hassle-free as possible. Contact…
