Collision Avoidance System Market

Collision Avoidance System Market Outlook (2024 to 2034)

The global collision avoidance system market is projected to top a valuation of US$ 11.25 billion in 2024 and thereafter expand at a CAGR of 15.9% to end up at US$ 49.16 billion by 2034.

Automobile collision systems are designed to provide a detailed analysis of a vehicle's surroundings to detect potential collision risks and prevent major accidents. These systems use a variety of sensors and cameras to gather data, which is then processed by control units. Based on this data, the systems adjust the vehicle's behavior and can take actions that might be difficult for drivers to perform in challenging scenarios.

When the system detects issues with driving or other potential hazards, it communicates this information to the driver, along with recommendations for resolution. This functionality is a key reason why we are seeing rapid collision avoidance system market growth.

Governments are increasingly recognizing the importance of road safety, especially as vehicles become faster and more advanced. This recognition is driving government projects that support the development and implementation of collision avoidance systems, leading to a global rise in demand.

Previously, collision avoidance systems were predominantly found in luxury vehicles. However, due to heightened safety awareness, these systems are now mandatory in all types of vehicles. This shift is driving a steady increase in the collision avoidance system market size.

• The East Asia market share is projected to increase to 38.4% by the end of 2034.
• The market in the United States has been forecasted to expand at a CAGR of 14.7% through 2034.
• Japan is estimated to hold a 27.5% share of the East Asia market in 2024.

Report Attribute	Detail
Collision Avoidance System Market Size (2024E)	US$ 11.25 Billion
Forecasted Market Value (2034F)	US$ 49.16 Billion
Global Market Growth Rate (2024 to 2034)	15.9% CAGR
East Asia Market Growth Rate (2024 to 2034)	16.5% CAGR
North America Market Value (2034F)	13.03 Billion
Radar Segment Value (2034F)	US$ 16.67 Billion
Parking Assistance Segment Value (2034F)	US$ 3.88 Billion
Key Companies Profiled	Alstom SA; Autoliv Inc.; Automotive Plc.; Aviation Communication & Surveillance Systems, LLC; Becker Mining Systems AG; Delphi Denso Corporation; Hexagon AB; Honeywell International, Inc.; Robert Bosch GmbH; Rockwell Collins, Inc.; Saab AB; General Electric Company; Wabtec Corporation.

Why is Deployment of Collision Avoidance Systems Increasing Rapidly?

“Concerns about Road Accidents and Fatalities and Increased Commuting Distances”

Road accidents and fatalities have long been a major concern for drivers, whether in developing or developed countries. This concern has driven many drivers to install collision avoidance systems in their vehicles to minimize the risk of accidents. Additionally, as global travel and commuting distances increase, drivers often face longer journeys, which can lead to fatigue and a higher likelihood of accidents. Collision avoidance systems offer peace of mind, allowing drivers to rely on these technologies to reach their destinations safely.

Governments worldwide are implementing stricter regulations to enhance vehicle safety. These regulations encourage the adoption of collision avoidance systems and other safety technologies to significantly reduce collision risks.

• For example, since 2022, authorities in the United States and Europe have mandated the installation of automotive emergency braking (AEB) and forward collision avoidance/warning systems in both passenger cars and commercial vehicles.

“High-Speed Rails Employing Collision Avoidance System to Minimize Possibilities of Accidents”

Another factor driving market growth is the implementation of Advanced Driver Assistance Systems (ADAS) not only in automobiles but also in train systems. As trains, including metros, become faster, the risk of accidents increases. To address this, engineers are incorporating advanced safety systems into train designs to enhance passenger safety and ensure timely arrivals. These systems help mitigate the risk of accidents and improve overall safety in high-speed rail environments.

What is Potentially Hindering Demand Growth for Collision Avoidance Systems?

“High Cost of Deployment and Lack of Standardization”

Deployment of collision avoidance systems comes with a high cost, and this is becoming a key restraint on the growth of this market. The cost of equipment, installation, and maintenance can be very high, making it difficult for the drivers to justify the purchase of the system at certain times.

On top of this, the cost of training personnel to use the systems can further add up to the cost, making it impractical for many drivers to install such safety systems. Another factor that is not working in favor of suppliers is the lack of standardization, as there are several manufacturers and each manufacturer uses their system, making it very confusing for the end user to understand it and this can increase the chances of an accident on a high level.

Country-wise Analysis

As awareness of safety increases and governments worldwide continue to prioritize passenger safety, the market for collision avoidance systems is projected to grow steadily. Major contributors to this market include the United States, Canada, Mexico, Japan, and China. Among these countries, the United States is expected to hold a significant collision avoidance system market share.

What is Contributing to Rising Adoption of Collision Avoidance Systems in the United States?

“Advancements Such as Adaptive Cruise Control and Driver Monitoring Systems”

Attribute	United States
Market Value (2024E)	US$ 2.62 Billion
Growth Rate (2024 to 2034)	14.7% CAGR
Projected Value (2034F)	US$ 10.36 Billion

Automobile collision systems are an integral part of driver assistance systems, and their popularity is growing. Sales of adaptive cruise control are expected to drive the market in the United States to new heights in the coming years.

• In January 2023, Magna International Inc., a U.S.-based company, introduced a new driver monitoring system capable of detecting tiredness, exhaustion, and distracted driving. This system enhances safety by alerting drivers when these conditions are detected, thereby assisting them in maintaining focus and safety on the road.

As a result of such innovations and increasing demand, the United States is projected to hold 79.5% share of the North America market by the end of 2034, attracting many global suppliers.

Why are Collision Avoidance System Manufacturers Thriving in China?

“Rising Sales of Autonomous Vehicles”

Attribute	China
Market Value (2024E)	US$ 2.43 Billion
Growth Rate (2024 to 2034)	16.3% CAGR
Projected Value (2034F)	US$ 10.99 Billion

Demand for both automatic and autonomous vehicles is rising in China, with a growing emphasis on collision avoidance systems for autonomous vehicles. This collision avoidance system market trend is benefitting providers, as sales of autonomous cars increase significantly across the country.

• In April 2022, Hyundai Mobis introduced innovative brainwave technology designed to prevent accidents and collisions caused by driver negligence. By utilizing driver monitoring technologies based on brainwave patterns, this system aims to reduce risky situations. This development is emerging as a new trend in the market.

Category-wise Insights

There are a variety of applications for the ADAS system. A few of them include adaptive cruise control, blind spot detection, forward collision warning systems, and lane departure warning systems.

What Makes LiDAR Technology a Favored Choice among End Users?

“Precise Measurements and Reliable Performance of LiDAR Enhancing Safety and Functionality”

Attribute	LiDAR
Segment Value (2024E)	US$ 4.18 Billion
Growth Rate (2024 to 2034)	16.1% CAGR
Projected Value (2034F)	US$ 17.8 Billion

Use of LiDAR technology is prominent among end users in the market, significantly outpacing other available technologies. LiDAR's precision and range make it a preferred choice for both drivers and manufacturers. These light-detecting and ranging systems are crucial in the development of self-driving and autonomous vehicles. As sales of such vehicles increase, the demand for LiDAR technology is growing much faster compared to other technologies.

What Role Do Collision Avoidance Systems Play in Adaptive Cruise Control?

“Collision Avoidance Systems Supporting ACC by Helping Maintain Safe Distance from Car Ahead”

Attribute	Adaptive Cruise Control
Segment Value (2024E)	US$ 4.17 Billion
Growth Rate (2024 to 2034)	15.7% CAGR
Projected Value (2034F)	US$ 19.07 Billion

Adaptive cruise control (ACC) is the most frequently utilized function in modern vehicles. ACC's capability to automatically adjust vehicle speed to maintain a safe following distance from the car ahead makes it a favored choice for drivers seeking enhanced safety and convenience. This functionality is increasingly becoming a prominent trend in the collision avoidance system market.

Market Competition

Key players in the collision avoidance system industry are increasingly focusing on introducing new products including automotive collision repair, LiDAR sensors, and area sensors.

• Nissan incorporated intersection collision avoidance into its upcoming driver-assistance technology, which utilizes advanced LiDAR technology in June 2023.
• Kennametal Inc. announced an addition to abrasive blast nozzles for advanced surface preparation, named Blast Ninja in March 2023.
• In January 2023, the Delco Remy 150MT starter was unveiled by Borgwarner Inc. at Heavy Duty Aftermarket. The high-performance power pack of Delco Remy 150MT enhances performance for quick engine starts.
• DENSO collaborated with Aeva and brought New LiDAR to the market. Advanced driver assistance systems and autonomous driving depend heavily on LiDAR technology in January 2021.

Fact.MR provides detailed information about the price points of key manufacturers of collision avoidance systems positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Segmentation of Collision Avoidance System Market Research

• By Technology :

  • LiDAR
  • Radar
  • Ultrasound
  • Cameras

• By Application :

  • Adaptive Cruise Control
  • Blind Spot Detection
  • Forward Collision Warning Systems
  • Lane Departure Warning Systems
  • Parking Assistance

• By Region :

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa