Report Scope & Overview:
Automotive Collision Avoidance System Market Size was valued at USD 57.02 billion in 2022 and is expected to reach USD 113.63 billion by 2030 and grow at a CAGR of 9% over the forecast period 2023-2030.
Collision avoidance systems are safety devices that help to reduce the severity of a collision. The automotive industry, the construction industry, and the mining industry, amongst others, are among the most common users of these systems. The driver is given advanced warning of an impending crash by the collision avoidance system, which detects an impending crash with the use of a laser, camera, radars, LIDAR, and other sensors. On occasion, it will carry out the task on its own without requiring any participation from the driver. The implementation of collision avoidance systems makes it possible to cut down on the overall number of traffic collisions and lessens the toll that these collisions take on the people inside of vehicles and on pedestrians.
In 2020, Infineon Technologies AG and GT Advanced Technologies (GTAT) have come to an agreement regarding the delivery of silicon carbide (Sic) boules and have signed a supply contract. The agreement's first term is for a period of five years. The German semiconductor maker has added another component to its effort to ensure its increasing need for base materials in this sector with the signing of this supply deal.
The increasing popularity of sport utility vehicles (SUVs), luxury cars, and other high-end transportation.
A rise in interest in self-driving cars.
Growth in the demand for vehicles with automated driving systems.
Visibility and safety enhancements like blind-spot collision prevention aid increase market growth.
The collision avoidance system market is hampered by high installation costs, which are a key issue.
Due to automobile sales and production being cyclical, market growth is stifled.
An increase in the minimum safety standards for motor vehicles.
Integration of electronic components in an automobile.
Advanced driver assistance systems in passenger cars should boost the collision avoidance business.
Rigid barriers are less effective because more of the impact energy is passed to the car occupants, causing more injuries.
Low-cost automobile makers avoid adding these systems, which could slow market growth.
IMPACT OF COVID-19:
COVID-19 has had a considerable impact on the electronics and semiconductor industries. Due to an increase in the number of COVID-19 cases, businesses and production facilities around the world have been forced to close, and these closures are projected to continue until at least 2021. Additionally, the worldwide supply chain was interrupted by the partial or complete lockdown, making it difficult for manufacturers to contact their customers. The COVID-19 epidemic is having an effect on people's lives and the global economy. Every day, the impact of this disease escalates and has a global influence. Uncertainty in stock markets and a decrease in corporate confidence, as well as an increase in a panic amongst customers, are all consequences of the financial crisis.
KEY MARKET PLAYERS:
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), and Hexagon AB (Sweden) are some of the affluent competitors with significant market share in the Automotive Collision Avoidance System Market.
Market, By Product:
The global market has been divided into Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Lane Departure Warning System (LDWS), Parking assistance, and Others Based on the product segment. Blind-spot detection and lane departure warning systems that use cameras and radar have become more popular because their prices have gone down. They are expected to gain a large share of the market over the next six years. In the coming years, adaptive cruise controls will be popular. In these systems, short, medium, and long-range radars modify the vehicle's speed.
Market, By Technology:
The global market has been divided into LiDAR, RADAR, Ultrasonic, Camera, and Others Based on the technology segment. In situations requiring accurate distance and placement of obstacles, radars are preferred. Vision and infrared cameras have a smaller field of view than radars but recognize obstacles. Ultrasound systems offer short-distance obstacle detection and are utilized in parking assistance. LiDAR-based anti-collision systems are expensive and cumbersome for large auto manufacturers.
Market, By Application:
The global market has been divided into Rail, Automotive, Aerospace and Defense, and Marine based on the application segment. The automotive industry was the most significant user of this technology, followed by the railway industry and the construction and mining industries. During the time period covered by this estimate, it is anticipated that the construction industry will offer the greatest opportunity for growth for collision avoidance systems, followed by the automotive and railway industries.
Adaptive Cruise Control (ACC)
Autonomous Emergency Braking (AEB)
Lane Departure Warning System (LDWS)
Aerospace and Defense
Anti-collision systems have mature markets in North America and Europe because government regulations in the region require automobiles to have advanced safety features. In order to receive the highest safety rating from European NCAP, passenger vehicles must be equipped with an emergency autonomous braking system. As a result of the strict laws governing road safety, North America and Europe are projected to hold a significant part of the market. As a result of stricter safety regulations, the Asia Pacific anti-collision systems market is predicted to grow at a rapid pace over the next few years. Global demand for luxury vehicles is predicted to rise in Asia and the Middle East as consumers become more affluent and disposable incomes rise.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 57.02 Billion|
|Market Size by 2030||US$ 113.63 Billion|
|CAGR||CAGR of 9% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• 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)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||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), and Hexagon AB (Sweden)|
|Key Drivers||•The increasing popularity of sport utility vehicles (SUVs), luxury cars, and other high-end transportation.
•A rise in interest in self-driving cars.
|RESTRAINTS||•The collision avoidance system market is hampered by high installation costs, which are a key issue.
•Due to automobile sales and production being cyclical, market growth is stifled.
The Automotive Collision Avoidance System market size was valued at USD 57.02 billion in 2022.
The CAGR of Automotive Collision Avoidance System market is 9%.
North America and Europe region are dominating the Automotive Collision Avoidance System market.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 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
9. Global Automotive Collision Avoidance System Market Segmentation, By Technology
10. Global Automotive Collision Avoidance System Market Segmentation, By Application
10.3 Aerospace and Defense
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Siemens AG (Germany),
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Robert Bosch GmbH (Germany)
12.3 General Electric Company (US)
12.4 Aptiv Plc (Republic of Ireland)
12.5 Honeywell International, Inc. (US)
12.6 Denso Corporation (Japan)
12.7 Alstom SA (France)
12.8 Rockwell Collins, Inc. (US)
12.9 Hexagon AB (Sweden)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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