Automotive Collision Avoidance System Market Size, Share And Segmentation By Product (Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Lane Departure Warning System (LDWS), Parking Assistance, Others), By Technology (LiDAR, RADAR, Ultrasonic, Camera, Others), By Application (Rail, Automotive, Aerospace And Defense, Marine), By Regions And Global Market Forecast 2023-2030

The latest SNS Insider report unveils the promising growth of the Automotive Collision Avoidance System Market, valuing it at USD 57.02 billion in 2022. Projections indicate a remarkable escalation to USD 113.63 billion by 2030, exhibiting a robust CAGR of 9% over the forecast period from 2023 to 2030. This trajectory underscores the increasing importance placed on road safety and the indispensable role played by collision avoidance systems in achieving this paramount goal.

The pivotal market driver behind the soaring trajectory of Automotive Collision Avoidance Systems is the global commitment to enhancing road safety. Governments worldwide are championing initiatives to reduce road accidents and casualties, leading to a surge in the adoption of collision avoidance systems. These advanced technologies act as vigilant guardians on the road, preventing imminent crashes and mitigating the severity of collisions, thereby fostering a safer driving environment.

Key Companies:

• Robert Bosch GmbH (Germany)
• General Electric Company (US)
• Aptiv Plc (Republic of Ireland)
• Honeywell International, Inc. (the US)
• Denso Corporation (Japan)
• Siemens AG (Germany)
• Alstom SA (France)
• Rockwell Collins, Inc. (the US)
• Hexagon AB (Sweden)

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Market Report Scope

Automotive Collision Avoidance Systems are at the forefront of technological innovation, reshaping the landscape of road safety. These systems, leveraging sensors and cameras, collect and process real-time data to anticipate and prevent potential collisions. The market report delves into the profound impact of these systems across various industries, from adaptive cruise control to autonomous emergency braking and lane departure warning systems. The scope extends to the application of LiDAR, RADAR, Ultrasonic, and Camera technologies, ensuring a comprehensive understanding of the market’s transformative potential.

Market Analysis

Despite the challenges posed by the COVID-19 pandemic, the Automotive Collision Avoidance Systems Market is poised for resurgence. The pandemic-induced dip in automotive sales in 2020 is gradually giving way to a positive outlook, driven by the projected surge in the use of autonomous vehicles. The systems’ ability to prevent collisions by adapting to environmental inputs positions them as critical components in the future of automotive safety.

Government initiatives globally play a pivotal role in fostering the growth of collision avoidance systems. Stricter safety regulations, such as those mandated by the National Transportation Safety Board (NTSB) in the United States, advocate for incorporating advanced technologies into vehicles to enhance passenger safety. The automotive industry’s growing demand for autonomous vehicles further propels the need for collision avoidance systems, presenting significant growth opportunities despite installation cost challenges.

Segmentation Analysis

By Product:

Blind-spot detection and lane departure warning systems take center stage, gaining popularity due to their affordability and effectiveness. Adaptive cruise controls are anticipated to surge in popularity, driven by their reliance on short, medium, and long-range radars to modify a vehicle’s speed.

By Technology:

Radar technology dominates in situations requiring accurate distance and obstacle placement. Vision and infrared cameras cater to specific needs, offering a smaller field of view but heightened obstacle recognition. Ultrasound systems find utility in short-distance obstacle detection, particularly in parking assistance.

By Application:

The automotive industry leads the charge in adopting collision avoidance systems, followed by the smart railway, construction, and mining sectors. The construction industry is poised to offer substantial growth opportunities during the forecast period.

Growth Factors

• As collision avoidance systems prove their efficacy in reducing the frequency and severity of accidents, insurance companies are increasingly offering incentives to vehicle owners who install these safety features. Reduced insurance premiums act as a compelling motivator for consumers to opt for collision avoidance systems, fostering greater market penetration.
• The automotive industry is witnessing a surge in collaborations and partnerships among key players. Strategic alliances between technology providers, automotive manufacturers, and component suppliers are accelerating the development and integration of advanced collision avoidance systems. These partnerships contribute to technological innovation, ensuring the continuous evolution of the market.

Regional Development

North America and Europe boast mature markets, driven by stringent regulatory requirements for advanced safety features in automobiles. The Asia Pacific region is set to witness rapid growth, propelled by increasing affluence, rising disposable incomes, and a surge in demand for luxury vehicles.

Key Takeaways

• Automotive Collision Avoidance Systems are pivotal in reshaping road safety, with a projected market value exceeding USD 113.63 billion by 2030.
• Government initiatives, rising demand for autonomous vehicles, and increasing concerns about automotive safety norms are key growth factors.
• Radar technology, blind-spot detection, and lane departure warning systems are dominating segments, driving advancements in collision avoidance systems.

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Recent Developments

In May 2021: Toyota Motor Corp announced a groundbreaking partnership with ZF and Mobileye to develop advanced driver assistance systems (ADAS). This collaboration underscores the industry’s commitment to driving innovation and ensuring the continued evolution of Automotive Collision Avoidance Systems.

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Global Automotive Collision Avoidance System Market Segmentation, By Product
8.1 Adaptive Cruise Control (ACC)
8.2 Autonomous Emergency Braking (AEB)
8.3 Lane Departure Warning System (LDWS)
8.4 Parking assistance
8.5 Others

9. Global Automotive Collision Avoidance System Market Segmentation, By Technology
9.1 LiDAR
9.2 RADAR
9.3 Ultrasonic
9.4 Camera
9.5 Others

10. Global Automotive Collision Avoidance System Market Segmentation, By Application
10.1 Rail
10.2 Automotive
10.3 Aerospace and Defense
10.4 Marine

11. Regional Analysis

Continued…!

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