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Rising Road Accidents Drive Growth Of Forward Collision Warning Systems For Automotive Market: A Key Driver Powering Forward Collision Warning System For Automotive Market Growth In 2025
Forward Collision Warning System For Automotive
What Is the Current Forward Collision Warning System For Automotive Market Size and Its Estimated Growth Rate?
The market size of the forward collision warning system for automotive has experienced swift growth recently. It is projected to expand from $33.99 billion in 2024 to $37.9 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.5%. The surge during the past period can be ascribed to the escalating awareness about road safety, consumer preference for safety attributes, rising road accidents, government efforts towards road safety, heightened vehicle production, and integration with advanced driver assistance systems.
In the coming years, the market for the automotive forward collision warning system is predicted to swell rapidly, reaching a value of $59.36 billion in 2029, reflecting a compound annual growth rate (CAGR) of 11.9%. This growth throughout the forecasting period can be associated to increased focus on vehicle safety ratings, the worldwide enlargement of ADAS market, regulatory requirements, collaborations in the insurance sector, urbanization and traffic congestion, and the rising development of customizable warning signals. The forecast period is set to see significant trends such as integration with advanced driver assistance systems (ADAS), collision prevention, self-sufficient emergency braking (aeb), the detection of pedestrians and cyclists, the fusion of multi-sensor technology, the reduction of false alarms, and the utilization of v2x communication.
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How Are Emerging Segments Shaping the Forward Collision Warning System For Automotive Market Landscape?
The forward collision warning system for automotive market covered in this report is segmented -
1) By Type: Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Lane Departure Warning System (LDWS), Parking Assistance, Other Types
2) By Technology: LIDAR, Radar, Camera, Ultrasonic, Other Technologies
3) By Sales Channel: OEM, Aftermarket
4) By Application: Aerospace And Defense, Marine, Rail, Automotive
Subsegments:
1) By Adaptive Cruise Control (ACC): Standard ACC, Dynamic ACC
2) By Autonomous Emergency Braking (AEB): AEB With Pedestrian Detection, AEB With Cyclist Detection, AEB With Vehicle Detection
3) By Lane Departure Warning System (LDWS): Lane Keeping Assist, Lane Departure Prevention
4) By Parking Assistance: Front Parking Sensors, Rear Parking Sensors, 360-Degree Camera Systems
5) By Other Types: Collision Avoidance Systems, Blind Spot Detection Systems, Cross-Traffic Alert Systems
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Which Growth Factors Are Influencing Forward Collision Warning System For Automotive Market Expansion?
The increase in road accidents is fueling the development of forward collision warning systems in the auto market. Injuries or fatalities resulting from vehicular crashes often result from road accidents. These accidents can be reduced by implementing collision warning systems in vehicles. These systems examine the vehicle's speed and provide warning alerts and graphics if a collision is anticipated. For example, The Bake, The Road Safety Charity, a UK government organization, reported in October 2023 that there were 1,766 road fatalities in 2022 in the UK, with 1,711 in Britain and 55 in Northern Ireland. Moreover, since 2021, the number of road fatalities has increased by 10%. Hence, the surge in road accidents is anticipated to stimulate the growth of forward collision warning systems in the auto market.
Who Are the Dominant Players Across Different Forward Collision Warning System For Automotive Market Segments?
Major companies operating in the forward collision warning system for automotive market are Velodyne LiDAR Inc., Gentex Corporation, ZF Friedrichshafen AG, Continental AG, Denso Corporation, BorgWarner Inc., Mobileye Global Inc., Honeywell International Inc., Robert Bosch GmbH, Siemens AG, Autoliv Inc., Infineon Technologies AG, Panasonic Corporation, Bendix Commercial Vehicle Systems LLC, Toyota Motor Corporation, WABCO Vehicle Control Services, RTX Corporation, Valeo Group, Aptiv PLC, Hitachi Astemo Ltd., NXP Semiconductors, STMicroelectronics N.V.
What Are the Latest Developing Trends in the Forward Collision Warning System For Automotive Market?
The rise in technological innovations is a prominent trend within the automotive collision warning systems market. Companies competing within this sphere are engineering innovative products or technologies to edge out competitors. For example, Volvo Trucks, a company based in Sweden, unveiled new safety systems in August 2023. Their GSR system includes features such as Front Short Range Assist to warn drivers of possible collisions and Intelligent Speed Assist, a speed limit alert system. The technology further includes a Tire Pressure Monitoring System for early pressure alerts in addition to a Door Opening Warning and Auto Hold, features available for Volvo FH, FM, and FMX models. By continuously tracking the road in front, the technology alerts the driver seconds before a potential accident, thus preventing automotive collisions.
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Which Geographic Regions Are Expected to Dominate the Forward Collision Warning System For Automotive Market in the Coming Years?
North America was the largest region in the forward collision warning system for the automotive market in 2024. The regions covered in the forward collision warning system for automotive market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Forward Collision Warning System For Automotive Market?
2. What is the CAGR expected in the Forward Collision Warning System For Automotive Market?
3. What Are the Key Innovations Transforming the Forward Collision Warning System For Automotive Industry?
4. Which Region Is Leading the Forward Collision Warning System For Automotive Market?
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