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