Press release
Rising Demand For Automated Vehicles Fuels Growth In The Collision Avoidance System Market: A Key Driver Powering Collision Avoidance System Market Growth In 2025
Collision Avoidance System
What Is the Current Collision Avoidance System Market Size and Its Estimated Growth Rate?
The market size for the collision avoidance system has seen significant expansion in the past few years. The market, which stood at $45.75 billion in 2024, is expected to increase to $50.07 billion in 2025, with a compound annual growth rate (CAGR) of 9.4%. The historic surge in this market can be ascribed to factors such as enhanced automotive safety rules, decrease in accidents and deaths, urbanization and traffic jams, demand from consumers for safety elements, and the impact of the insurance sector.
The market size of the collision avoidance system is set to witness robust growth in the forthcoming years. The market is projected to increase to $72.9 billion by 2029, with a compound annual growth rate (CAGR) of 9.8%. This growth during the forecast period can largely be ascribed to factors such as the development of smart cities and infrastructure, enhancement in pedestrian and cyclist safety, uptake in emerging markets, proliferation of autonomous vehicles, and an increase in road traffic. The major trends to watch during the forecast period are integration with electric and hybrid vehicles, innovations in the automotive industry, the inclusion of real-time data and AI, 5G connectivity and vehicle-to-everything (v2x) communication, and advanced driver-assistance systems (ADAS).
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7470
How Are Emerging Segments Shaping the Collision Avoidance System Market Landscape?
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
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7470&type=smp
Which Growth Factors Are Influencing Collision Avoidance System Market Expansion?
The collision avoidance system market is expected to flourish, propelled by an increased demand for automated vehicles. These vehicles, which are able to sense their environment and function without direct human control, utilise collision avoidance systems that include sensors, cameras, emergency braking, lane-keeping, among others to manoeuvre and prevent mishaps. According to a 2024 report by the Paris-based International Energy Agency, an autonomous intergovernmental organisation, the total number of registered electric cars worldwide reached 40 million in 2023, with nearly 14 million new registrations in that year alone. Electric cars represented about 18% of all vehicles sales in 2023, a notable increase from 14% in 2022, and a significant leap from just 2% five years prior. This boosted demand for automated vehicles is, therefore, seen as a growth driver for the collision avoidance system market.
Who Are the Dominant Players Across Different Collision Avoidance System Market Segments?
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.
What Are the Latest Developing Trends in the Collision Avoidance System Market?
The surge in technological innovation is a dominant trend emerging in the collision avoidance system market. Major businesses in this sector are concentrated on inventing new technical solutions to fortify their standing. For example, Wabtec Digital Mine, a technological firm based in the United States, unveiled the Generation 3 Collision Avoidance System (CAS) in June 2023. This sophisticated system places a significant emphasis on genuine collision avoidance, outperforming traditional proximity detection methods. It continues to provide core functions such as real-time self-testing, personnel detection, and secondary sensing, ensuring superior performance. The Generation 3 CAS comes with a user-friendly interface equipped with context-based voice alerts, substituting traditional alert sounds with discreet, directional, and audible warnings. The system prioritizes safety and productivity, striving to mitigate risks attached to vehicle interactions in mining environments.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/collision-avoidance-system-global-market-report
Which Geographic Regions Are Expected to Dominate the Collision Avoidance System Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Collision Avoidance System Market?
2. What is the CAGR expected in the Collision Avoidance System Market?
3. What Are the Key Innovations Transforming the Collision Avoidance System Industry?
4. Which Region Is Leading the Collision Avoidance System Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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: mailto: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 Rising Demand For Automated Vehicles Fuels Growth In The Collision Avoidance System Market: A Key Driver Powering Collision Avoidance System Market Growth In 2025 here
News-ID: 3952874 • Views: …
More Releases from The Business Research Company
2025-2034 Inkjet Coder Market Evolution: Disruptions, Innovations, and Untapped …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Inkjet Coder Market Through 2025?
Strong growth has been witnessed in recent years in the inkjet coder market. It is projected that this market will expand from $2.11 billion in 2024 to $2.27 billion in 2025, experiencing a compound annual growth rate…
Global Industrial Cooking Fire Protection Systems For Food Manufacturing Market …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Industrial Cooking Fire Protection Systems For Food Manufacturing Industry Market Size Be by 2025?
Over the past few years, the market size for industrial cooking fire protection systems used in food manufacturing has seen a consistent growth. It is projected that the market value will grow…
High Speed Engine Market Trends That Will Shape the Next Decade: Insights from I …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the High Speed Engine Market Size By 2025?
The market for high speed engines has seen considerable growth in the last few years. The market which is valued at $24.17 billion in 2024 is predicted to reach $25.58 billion in 2025, experiencing a Compound Annual Growth…
Industrial Sector Growth Fuels Expansion Of Evaporative Cooling Market: The Driv …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Evaporative Cooling Market Size Growth Forecast: What to Expect by 2025?
The market size for evaporative cooling has seen a robust growth in recent times. The outlook predicts an escalation from $6.41 billion in 2024 to $6.8 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.…
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…
