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.
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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.
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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.
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