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The market of Automotive Collision Avoidance System is highly affected by various factors that play a significant role in deciding the direction under which this market would grow. The first of these major motivating factors is the heightened focus on road safety. Road safety is also becoming a concern as the number of motor vehicles continues to increase on every part of earth keeping pedestrians protected.
This has seen governments and regulatory bodies worldwide adopt strict safety measures, forcing manufacturers of automobiles to include sophisticated features in their vehicles. Real-time monitoring and intervention devices, such as the Automotive Collision Avoidance System have also emerged as a critical solution to these safety concerns.
In addition, the growing consumer consciousness and need for ADAS drive a considerable part of market’s growth. As consumers become aware of safety features incorporated in automobiles, the crash avoidance system has grown popular for its capacity to prevent accidents or reduce their impact. Therefore, automobile manufacturers are incorporating these systems into their cars to match the consumer’s needs and have an upper hand in the market.
Other important dynamics of the Automotive Collision Avoidance System market are associated with technological advancements and developments in the automobile industry. The development of modern collision avoidance systems has been made possible by the constant advancements in sensor technologies, radar systems as well as artificial intelligence. These developments improve the system’s precision, speed, and overall performance such that both manufacturers.
In addition, the integrated initiatives between automotive makers and technology vendors promote market development. Partnerships and collaborations enable companies to capitalize on the strengths of one another, so their automotive knowledge couples with advanced technologies that produce effective collision avoidance systems.
These types of collaborations support innovation and speed up the implementation of advanced safety technologies in automotive industry. Other economic factors that affect the Automotive Collision Avoidance System market include rising disposable incomes of consumers. With the increase in people’s income, there is a high willingness to purchase expensive vehicles with modern safety features.
Furthermore, the urbanization and congestion faced by most major cities spur consumption of collision avoidance systems because they help to navigate busy streets full of speeding vehicles. However, challenges like high cost of advanced safety technologies and the complexity involved in integrating these systems into conventional vehicles inhibit market growth.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 80.9 Billion |
| Market Size Value In 2023 | USD 87.37 Billion |
| Growth Rate | 8.00% (2023-2032)Base Year2022Market Forecast Period2023-2032Historical Data2019- 2021Market Forecast UnitsValue (USD Billion)Report CoverageRevenue Forecast, Market Competitive Landscape, Growth Factors, and TrendsSegments CoveredType, Technology, Vehicle Type, Sales Channel, and RegionGeographies CoveredNorth America, Europe, AsiaPacific, and the Rest of the WorldCountries CoveredThe U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and BrazilKey Companies ProfiledAptiv Plc (Republic of Ireland), Robert Bosch GmbH (Germany), General Electric Company (US), Denso Corporation (Japan), and Honeywell International, Inc. (US). Siemens AG (Germany), Alstom SA (France), Rockwell Collins, Inc. (US), and Hexagon AB (Sweden)Key Market OpportunitiesRising awareness among consumers for vehicle safetyKey Market DynamicsVehicle safety Government regulations |
Automotive Collision Avoidance System Market Highlights:
Automotive Collision Avoidance System Market Overview:
Automotive Collision Avoidance System Market Size was valued at USD 87.37 billion in 2023. The Global Automotive Collision Avoidance System Industry is projected to grow from USD 94.35 Billion in 2024 to USD 161.71 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.96% during the forecast period (2024 - 2032). Increasing consumer awareness of vehicle safety and vehicle safety government regulations are the key market driver enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Automotive Collision Avoidance System Market Trends
Increasing Demand for ADAS is driving the market growth
The advanced driver assistance system (ADAS) market is expected to grow significantly during the forecast period. Increasing safety campaigns by different organizations and large-scale OEMs are significant factors for the increased public awareness of vehicle safety. Rising awareness among customers is leading to a growth in the demand for vehicles with autonomous and advanced safety features. Government norms and policies are also boosting the market CAGR of the ADAS market. US and European authorities have made installing automotive emergency braking (AEB) and forward collision avoidance/warning systems mandatory up to a certain level in both passenger cars and all commercial vehicles from 2022. The conventional trend of featuring advanced safety systems in luxury cars is gradually shifting toward standardizing safety systems across all segments of cars. For instance, in a move to increase the use of ADAS systems, the United Kingdom's government approved an automated lane-keeping system (ALKS) in April 2021, designed for use on motorways in slow traffic and other applications.
They are additionally, Increasing awareness among consumers and original equipment manufacturers for vehicle safety. Moreover, rising government regulations coupled with the development of advanced car assessment programs are set to augment the growth of the market for collision avoidance systems during the forecast period. In January 2015, the National Highway Traffic Safety Administration of the U.S. announced the development of an automated emergency braking system in its updated car assessment program in order to avoid or prevent the severity of collisions. Moreover, increasing sales of luxury vehicles and sports utilities will drive the Automotive Collision Avoidance System market revenue. Different geographical drivers are also accountable for the growth of this market.
Automotive Collision Avoidance System Market Segment Insights:
Automotive Collision Avoidance System Material By Type Insights
The Automotive Collision Avoidance System market segmentation based on type includes ACC, AEB, blind spot detection, lane departure warning, and others. The ACC segment dominates the market. This is due to the collision avoidance system maintaining a safe distance between vehicles by automatically adjusting the vehicle's speed based on the vehicle's speed ahead—the increasing demand for vehicle safety features.
Automotive Collision Avoidance System Technology Insights
Based on the Technology, the Automotive Collision Avoidance System market segmentation includes Radar, Lidar, Cameras, and Others. The Radar segment dominates the market. This is because radar is a widely used technology in the automotive industry. It offers advantages such as high accuracy and long-range detection capabilities, and the increasing demand for radar-based collision avoidance systems in mid-range and high-end vehicles is expected to drive the growth of this segment.
February 2021: Continental AG bought stakes in AI chip startup Recogni to develop a chip that helps ADAS systems in real-time object recognition.
Automotive Collision Avoidance System Vehicle Type Insights
Based on vehicle type, the Automotive Collision Avoidance System market segmentation includes passenger cars, commercial vehicles and electric vehicles. Due to the rising adoption of luxury automobiles, Passenger Cars will dominate the market in 2022. Passenger automation remains the largest market for both keypad and keypad-less entry. The need for enhanced security and technological advancement has been a primary driver of market expansion. Whereas, the electric vehicle segment is the fastest-growing segment during the forecast period. This is due to the increasing adoption of electric vehicles and the growing demand for advanced safety features.
Figure1: Automotive Collision Avoidance System Market, by Vehicle Type, 2022 & 2032(USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Automotive Collision Avoidance System Sales Channel Insights
Based on sales channels, the Automotive Collision Avoidance System market segmentation includes OEM and aftermarket. The OEM segment dominates the market. This is due to (OEM) components being the same as the ones that came with your automobile and are of the same high quality. They were the go-to destination for regular people and purists looking for precise replacement parts for their cars. OEM components have become accessible at other retail outlets and online through third-party suppliers in recent years. They are also the costliest. Unlike many aftermarket components, OEM parts are also crash-tested.
Automotive Collision Avoidance System Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American automotive collision avoidance system market will dominate due to the increasing awareness among consumers of vehicle safety and vehicle safety government regulations.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: Automotive Collision Avoidance System Market Share By Region 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Automotive Collision Avoidance System market accounts for the second-largest market share owing to the growth of the aerospace & defense sector. Further, the German vehicle collision avoidance system Industry held the largest market share, and the UK Automotive Collision Avoidance System was the fastest-growing market in the European Region.
The Asia-Pacific Automotive Collision Avoidance System Industry is expected to grow at the fastest CAGR from 2024 to 2032. This is due to the increasingly stringent regulations regarding installing collision avoidance systems. Automotive and, construction & mining sectors are expected to drive the market. Moreover, China’s Automotive Collision Avoidance System market held the largest market share, and the Indian vehicle collision avoidance system Industry was the fastest-growing market in the Asia-Pacific region.
Automotive Collision Avoidance System Key Market Players& Competitive Insights.
Leading market players are investing heavily in research and development to expand their product lines, which will help the automotive collision avoidance system market, grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The automotive industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Collision Avoidance System industry to benefit clients and increase the market sector. In recent years, the Collision Avoidance System industry has offered some of the most significant advantages to the automotive industry. Major players in the vehicle collision avoidance system Industry include Aptiv Plc (Republic of Ireland), Robert Bosch GmbH (Germany), General Electric Company (US), Denso Corporation (Japan), and Honeywell International, Inc. (US). Siemens AG (Germany), Alstom SA (France), Rockwell Collins, Inc. (US), Hexagon AB (Sweden), and others are attempting to increase market demand by investing in research and development operations.
Continental AG, commonly known as Continental or colloquially as Conti, is a German multinational automotive parts manufacturing company specializing in tires, brake systems, and interior electronics. Continental AG bought stakes in AI chip startup Recogni in February 2021 to develop a chip that helps ADAS systems in real-time object recognition.
Toyota Motor Corporation is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on August 28, 1937. Toyota is one of the largest automobile manufacturers in the world, producing about 10 million vehicles per year. Toyota Motor Corp announced a partnership agreement with ZF and Mobileye to develop and supply advanced driver assistance systems (ADAS) for use in upcoming multiple vehicle platforms for the Toyota Group.
Key Companies in the Automotive Collision Avoidance System market include
- Autoliv, Inc. (Sweden)
- Siemens AG (Germany)
- Denso Corporation (Japan)
- Alstom S.A. (France)
- Mobileye N.V. (Israel)
- General Electric Company (U.S.)
- Becker Mining Systems AG (Germany)
- Saab AB (Sweden)
- Aviation Communication & Surveillance Systems, LLC (U.S.)
- Hexagon AB (Sweden)
- Rockwell Collins, Inc. (U.S.)
- Honeywell International, Inc. (U.S.)
- Wabtec Corporation (U.S.)
Automotive Collision Avoidance System on Industry Developments
August 2020: Continental produced 30 million radar sensors to support worldwide efforts to make driving safer using collision avoidance systems.
May 2021: Toyota Motor Corp announced a partnership agreement with ZF and Mobileye to develop and supply advanced driver assistance systems (ADAS) for the Toyota Group's upcoming multiple-vehicle platforms.
Automotive Collision Avoidance System Market Segmentation:
Collision Avoidance System Type Outlook
- ACC
- WEB
- Blind Spot Detection
- Lane Departure Warning
- Others
Collision Avoidance System Technology Outlook
- Radar
- Lidar
- Camera
- Others
Collision Avoidance System Vehicle Type Outlook
- Passenger Car
- Commercial Vehicle
- Electric Vehicle
Collision Avoidance System Sales Channel Outlook
- OEM
- Aftermarket
Collision Avoidance System Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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