Press release
Strategic Forecast for the Collision Avoidance System Industry: Market Outlook 2025-2034
Collision Avoidance System Market Size
Collision Avoidance System Market Size Growth Forecast: What to Expect by 2025?
The market size for collision avoidance systems has seen a significant increase lately. The values are projected to surge from $45.75 billion in 2024 to $50.07 billion in 2025, with a compound annual growth rate (CAGR) of 9.4%. Factors attributing to this growth over the historic period include stringent automobile safety regulations, decrease in accidents and fatalities, the impact of urbanization and traffic crowding, increasing consumer desire for safety attributes, and the sway of the insurance sector.
How Will the Collision Avoidance System Market Size Evolve and Grow by 2029?
The market size of the collision avoidance system is anticipated to experience robust growth in the coming years, expanding to $72.9 billion in 2029 with a compound annual growth rate (CAGR) of 9.8%. This increase over the forecast period can be associated with the emergence of smart cities and infrastructure, safeguarding pedestrian and cyclist safety, adoption in emerging markets, the rise of autonomous vehicles, and escalating road traffic. Notable trends during the prognosis period include the integration of electric and hybrid vehicles, revolutionary developments in the automotive industry, incorporation of real-time data and artificial intelligence, the advent of 5G technology and V2X communication, as well as advances in driver assistance systems (adas).
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What Drivers Are Propelling the Growth of Collision Avoidance System Market Forward?
The anticipation of a surge in automated vehicle demand is seen as a potential propeller for the future growth of the collision avoidance system market. Automated vehicles, which are capable of perceiving their environment and operating without the need for human intervention, employ these collision avoidance systems. This system includes components like sensors, cameras, emergency braking, lane-keeping, among others, to control the vehicle and prevent mishaps. To illustrate, the International Energy Agency, a self-governing intergovernmental organisation based in Paris, documented in April 2024 that the world saw nearly 14 new million electric vehicle registrations in 2023, culminating in a total of 40 million of these vehicles on the roads. With an increase from 14% in 2022 to 18% of all vehicle sales in 2023, and only 2% five years prior to that, electric cars have shown considerable growth. Consequently, this escalating demand for automated vehicles is a key factor propelling the expansion of the collision avoidance system market.
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Which Emerging Trends Are Transforming the Collision Avoidance System Market in 2025?
The adoption of emerging technology has become a prominent trend in the collision avoidance system market. The prominent players in this market are concentrating their efforts on creating novel technological solutions to fortify their standing in the market. As an example, in June 2023, Wabtec Digital Mine, a US-based tech company, introduced the Generation 3 Collision Avoidance System (CAS). This impressive system prioritizes genuine collision prevention, going beyond the usual proximity detection capabilities. It retains core functionalities such as constant self-testing, personnel detection, and secondary sensing, promising top-tier performance. The Generation 3 CAS comes with a highly intuitive user interface with context-based voice prompts, replacing conventional buzzes and beeps with subtle, directional, and audible warning sounds. It significantly improves safety and productivity, with a primary emphasis on minimizing the risks linked to vehicle interactions in mining environments.
What Are the Key Segments in the Collision Avoidance System Market?
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 Technolog: 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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Who Are the Key Players Shaping the Collision Avoidance System Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Collision Avoidance System Market?
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.
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