openPR Logo
Press release

Prominent Collision Avoidance System Market Trend for 2025: Technological Advancements Drive Innovation In The Collision Avoidance System Market

02-21-2025 09:11 AM CET | Industry, Real Estate & Construction

Press release from: The Business Research Company

Collision Avoidance System Market

Collision Avoidance System Market

Which drivers are expected to have the greatest impact on the over the collision avoidance system market's growth?
The anticipated surge in demand for autonomous vehicles is likely to propel the growth of the collision avoidance system market. Autonomous vehicles denote cars that can perceive their environment and function without the need for human intervention. These vehicles employ collision avoidance systems, which include sensors, cameras, emergency braking, lane-keeping and more to regulate car operation and prevent accidents. For example, the Paris-based autonomous intergovernmental institution, International Energy Agency, stated in April 2024 that approximately 14 million new electric cars were registered globally in 2023. This figure increased the total number of electric cars on the roads to 40 million. Approximately 18% of all cars sold in 2023 were electric cars - a rise from 14% in 2022 and just 2% five years before that. Consequently, this increased demand for autonomous cars stimulates the growth of the collision avoidance system market.

Get Your Collision Avoidance System Market Report Here:
https://www.thebusinessresearchcompany.com/report/collision-avoidance-system-global-market-report

What is the future CAGR of the collision avoidance system market, and how will it impact industry expansion?
In recent times, the market size of the collision avoidance system has shown considerable growth. It's predicted to expand from $45.75 billion in 2024 and reach a value of $50.07 billion in 2025, growing at a compound annual growth rate (CAGR) of 9.4%. This growth during the historical period is due to factors such as stringent automotive safety legislations, decrease in accidents and deaths, the progress of urban areas and traffic overcrowding, consumer desire for safety features, and the sway of the insurance sector.

The market size of the collision avoidance system is projected to witness significant expansion in the coming years, with its value reaching $72.9 billion in 2029, driven by a compound annual growth rate (CAGR) of 9.8%. The growth anticipated in the forecasted period can be credited to factors such as the development of smart cities and infrastructure, measures for pedestrian and cyclist safety, expanding market adoption, the surge in autonomous vehicles, and escalation in road traffic. Notable trends set to shape the forecast period comprise the fusion of electric and hybrid vehicles, innovative advancements in the automotive industry, the incorporation of real-time data and artificial intelligence, 5G connectivity, and vehicle-to-everything (v2x) communication, inclusive of advanced driver assistance systems (ADAS).

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7470&type=smp

What are the most significant trends transforming the collision avoidance system market today?
One rising trend in the collision avoidance system market is the enhancement of technology. To establish their dominance in the market, key industry players are concentrating on the invention of new technological solutions. As an example, Wabtec Digital Mine, a technology firm located in the US, introduced the Generation 3 Collision Avoidance System (CAS) in June 2023. This advanced system surpasses traditional proximity detection with its focus on actual collision prevention. It offers fundamental features such as real-time self-examination, staff detection, and secondary sensing, all directed towards ensuring superior performance. The Generation 3 CAS provides a user-friendly interface with advanced voice alerts that replace the conventional beeps and buzzers, and emit unobtrusive, directional, and audible warnings. This system enhances safety and productivity while significantly mitigating the risk of vehicle interactions in mining domains.

Which key market segments comprise the collision avoidance system market and drive its revenue growth?
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

Subsegments:
1) By Adaptive Cruise Control (ACC): Standard ACC, Dynamic ACC with Stop-and-Go Functionality
2) By Autonomous Emergency Braking (AEB): Forward Collision Warning (FCW) with AEB, Pedestrian Detection AEB
3) By Lane Departure Warning System (LDWS): Lane Keeping Assist (LKA), Lane Departure Prevention (LDP)
4) By Parking Assistance: Rear Parking Sensors, Automatic Parallel Parking Systems, 360-Degree Camera Systems
5) By Other Products: Blind Spot Detection Systems, Cross Traffic Alert Systems, Vehicle-to-Vehicle (V2V) Communication Systems

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7470

What regions are at the forefront of collision avoidance system market expansion?
North America was the largest region in the collision avoidance system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the collision avoidance system market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the leading players fueling growth in the collision avoidance system market?
Major companies operating in the collision avoidance system market include 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., Knorr-Bremse AG, Hella GmbH & Co. KGaA, Becker Mining Systems AG, Hexagon AB, Saab AB, Rockwell Automation Inc., Hyundai Mobis, Analog Devices, Murata Manufacturing Co. Ltd., Infineon Technologies, Panasonic Corporation, Continental AG, Siemens AG, Aptiv Plc, Magna International Inc., 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.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=7470&type=smp

What Is Covered In The Collision Avoidance System Global Market Report?

•Market Size Forecast: Examine the collision avoidance system market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the collision avoidance system market for a structured understanding.
•Key Players Overview: Analyze major players in the collision avoidance system market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the collision avoidance system market.
•Segment Contributions: Evaluate how different segments drive overall growth in the collision avoidance system market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the collision avoidance system market.
•Industry Challenges: Identify potential risks and obstacles affecting the collision avoidance system market.
•Competitive Landscape: Review strategic developments in the collision avoidance system market, including expansions, agreements, and new product launches.

Connect with 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.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated 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 Prominent Collision Avoidance System Market Trend for 2025: Technological Advancements Drive Innovation In The Collision Avoidance System Market here

News-ID: 3880474 • Views:

More Releases from The Business Research Company

Foam Tape Industry to Achieve $14.62 Billion Growth by 2029
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 Billion in 2029
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 Report
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%
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%.

All 5 Releases


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