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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).
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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
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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.
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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?
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