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Top Trends Transforming the Pre-Collision Technology Market Landscape in 2025: Technological Excellence With Next-Gen Collision Avoidance Systems
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsWhat Will the Pre-Collision Technology Industry Market Size Be by 2025?
Recent years have witnessed a swift expansion in the market size of pre-collision technology. Projected growth sees it increasing from $56.56 billion in 2024 to $62.48 billion in 2025 at a compound annual growth rate (CAGR) of 10.5%. Factors contributing to the growth in the historical period include developments such as forward collision warning, automatic emergency braking, lane departure warning, blind spot detection, and collision avoidance system.
What's the Long-Term Growth Forecast for the Pre-Collision Technology Market Size Through 2029?
Anticipated robust expansion is predicted for the pre-collision technology market in the coming years. By 2029, it is projected to reach a size of $87.41 billion with a compound annual growth rate (CAGR) of 8.8%. The projected growth during this period can be attributed to technological advancements such as driver-assistance systems, connected vehicle technology, vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, autonomous vehicle electrification, and lightweighting. Key trends for this period include improved sensor fusion, AI-driven collision forecasts, detection of pedestrians and cyclists, integration of adaptive cruise control, and ongoing software enhancements.
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What Are the Key Growth Drivers Fueling the Pre-Collision Technology Market Expansion?
The surge in demand for self-driving vehicles is projected to fuel the expansion of the pre-collision technology market in the future. An autonomous vehicle, also known as a self-driving car, has the ability to perceive its environment and function without the need for human input. Pre-collision technology applied in these vehicles identifies potential collision situations and minimizes them using cameras, sensors, radar, and software for enhanced safety and accident prevention. For instance, the Insurance Institute for Highway Safety, an independent US-based scientific and educational nonprofit organization, predicted in 2022 that approximately 3.5 million autonomous cars will be on the US roads by 2025, and this number will rise to 4.5 million by 2030. Moreover, it is projected that by 2040, 75% of vehicles worldwide will be autonomous. Thus, the upward trend in demand for autonomous vehicles is a significant factor propelling the growth of the pre-collision technology market.
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What Are the Key Trends Driving Pre-Collision Technology Market Growth?
Top players in the pre-collision technology market are striving to enhance their market standing by investing in high-tech products, for example, collision avoidance systems. This type of system is a safety tool designed to either prevent or minimize the impact of a collision. To illustrate, in June 2023, Wabtec Corporation, a company based in the United States offering equipment, systems and digital solutions, introduced its Generation 3 Collision Avoidance System (CAS). The Generation 3 CAS comes with a simplified and intuitive user interface and context-sensitive voice alerts, developed using the latest human factor design principles. Instead of traditional beeps-and-buzzer analog technology, it employs smart, distinct, targeted, and audible alerts. This system provides a distraction-free environment for operators enabling them to promptly react to auditory indications. The implementation of this fresh system will not only enhance safety and productivity but also offer cutting-edge performance using its rule-based and analytical abilities.
How Is the Pre-Collision Technology Market Segmented?
The pre-collision technology market covered in this report is segmented -
1) By Product: Parking Assistance, Lane Departure Warning System (LDWS), Autonomous Emergency Braking (AEB), Adaptive Cruise Control (ACC), Other Products
2) By Technology: Camera, Ultrasonic, Radio Detection And Ranging (RADAR), Light Detection And Ranging (LiDAR), Other Technologies
3) By Application: Automotive, Aviation, Railway, Mining, Marine, Other Applications
Subsegments:
1) By Parking Assistance: Rear Parking Sensors, Front Parking Sensors, 360-Degree Camera Systems
2) By Lane Departure Warning System (LDWS): Lane Keeping Assist, Lane Departure Prevention
3) By Autonomous Emergency Braking (AEB): Forward Collision Warning (FCW), Automatic Emergency Braking (AEB) With Pedestrian Detection
4) By Adaptive Cruise Control (ACC): Standard Adaptive Cruise Control, Dynamic Radar Cruise Control
5) By Other Products: Blind Spot Detection Systems, Cross Traffic Alert Systems
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Which Companies Are Leading the Charge in Pre-Collision Technology Market Innovation?
Major companies operating in the pre-collision technology market report are Toyota Motor Corporation, Robert Bosch GmbH, Siemens AG, General Electric Company, Hitachi Automotive Systems, Panasonic Corporation, Denso Corporation, Qualcomm Technologies Inc., ZF Friedrichshafen AG, Continental AG, Hyundai Mobis, Magna International Inc., Mitsubishi Electric Corporation, Honeywell International Inc., Valeo SA, Texas Instruments Incorporated, Collins Aerospace, Aptiv PLC, Alstom SA, Infineon Technologies AG, NXP Semiconductors, Renesas Electronics Corporation, Autoliv Inc., Wabtec Corporation, Garmin Ltd., Pioneer Corporation, Mobileye, Delphi Automotive PLC
Which Regions Are Leading the Global Pre-Collision Technology Market in Revenue?
North America was the largest region in the pre-collision technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pre-collision technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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