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Rising Road Accidents Drive Growth Of Forward Collision Warning Systems For Automotive Market: The Driving Engine Behind Forward Collision Warning System For Automotive Market Evolution in 2025
Forward Collision Warning System For Automotive
Forward Collision Warning System For Automotive Market Size Growth Forecast: What to Expect by 2025?
Over the past years, the size of the forward collision warning system for the automotive market has seen a significant surge. The market is projected to expand from $33.99 billion in 2024 to reach $37.9 billion in 2025, with a compound annual growth rate (CAGR) of 11.5%. The growth observed in the previous period is a result of escalation in road safety consciousness, consumer preference for safety functionalities, an increase in road mishaps, government efforts to bolster road safety, enhanced vehicle production, and integration with advanced driver assistance systems.
How Will the Forward Collision Warning System For Automotive Market Size Evolve and Grow by 2029?
The market size of the forward collision warning system for automotive is anticipated to witness swift expansion in the upcoming years, reaching up to $59.36 billion in 2029 with a compound annual growth rate (CAGR) of 11.9%. This projected growth within the forecast period can be associated with the steady focus on vehicle security ratings, the global enlargement of the ADAS market, regulatory obligations, cooperative efforts in the insurance sector, urbanization and traffic congestion, and the creation of adjustable warning alerts. The projection period will see major trends such as enhanced driver assistance system (ADAS) integration, collision mitigation, autonomous emergency braking (AEB), detection of pedestrians and cyclists, multi-sensor fusion technology, betterment in reducing false alarms, and the adoption of v2x communication.
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What Drivers Are Propelling the Growth of Forward Collision Warning System For Automotive Market Forward?
As road accidents increase, so does the demand for forward collision warning systems in the automobile industry. Accidents on the road, often resulting in injuries or fatalities, predominantly stem from vehicle collisions. These collisions can be effectively curtailed by incorporating collision warning systems in automobiles, which scrutinize vehicle speed and alert drivers with lights and imagery when a prospective collision is sensed. For instance, Bake, The Road Safety Charity, a government establishment based in the UK, reported in October 2023 that the UK suffered 1,766 fatalities due to road accidents in 2022, distinguishing 1,711 fatalities in Britain and 55 in Northern Ireland. Additionally, the fatalities from road mishaps saw an uptick of 10% since 2021. Consequently, the escalating trend in road accidents is anticipated to augment the growth of forward collision warning systems in the automobile market.
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Which Emerging Trends Are Transforming the Forward Collision Warning System For Automotive Market in 2025?
The momentum of technological progress is a critical trend gaining traction in automotive collision warning systems. Several firms in the collision warning systems for automobiles domain are creating innovative products or technologies to gain a market edge. To illustrate, Volvo Trucks, a manufacturing company based in Sweden, unveiled new safety systems in August 2023. With features such as Front Short Range Assist for imminent collision warnings, and Intelligent Speed Assist for speed limit alerts, the GSR introduces other improvements like a Tire Pressure Monitoring System for early pressure alerts, plus Door Opening Warning and Auto Hold, which are available across Volvo FH, FM, and FMX models. This technology persistently studies the impending road and alerts the driver a few seconds prior to a possible crash, thereby preventing any automobile collision.
What Are the Key Segments in the Forward Collision Warning System For Automotive Market?
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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Who Are the Key Players Shaping the Forward Collision Warning System For Automotive Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Forward Collision Warning System For Automotive Market?
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.
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