Collision Avoidance System Market Size, Share, Opportunities, And Trends By Type (Forward Collision Warning, Reverse Collision Warning, Adaptive Cruise Control, Multi-Collision Brake, Others), By Technology (Radar, LiDAR), By Industry Vertical (Automotive, Material Handling, Aerospace And Defense, Others), And By Geography - Forecasts From 2024 To 2029

The collision avoidance system market is expected to grow at a CAGR of 8.42%, reaching a market size of US$77.799 billion in 2029 from US$51.942 billion in 2024.

To decrease the intensity of a mishap, systems designed for safety purposes are collision-evading devices. Issues like these are used mostly in industries like mining, construction, and automotive, among many others. Collision avoidance systems include lasers, cameras, radars, LIDAR, and even sensors that detect possible crashes before they happen and warn the drivers before it’s too late. The worldwide growth rate for traffic accidents is the main driving force behind the collision avoidance technology market. Increasing concentration on occupational safety in sectors like warehouse management is increasing traction for collision avoidance technologies.

Moreover, collision avoidance technology reduces the number of traffic accidents and lessens their effects on pedestrians and car occupants. The market for anti-collision systems has grown as a result of rising consumer awareness, updated safety agency ratings, and continuous research and development by leading industry players. For example, ZF, Mobileye, and Toyota Motor Corp. worked together to develop and provide advanced driver assistance systems (ADAS). The integration of these systems into different vehicle platforms throughout the Toyota Group will guarantee improved driving assistance and safety features for cars to come.

Collision Avoidance Market Drivers:

• A growing number of traffic crashes are expected to fuel market expansion

The rise in traffic jams and accidents results from various factors, including but not limited to drivers' distractions, tiredness or fatigue, and lack of proper teamwork, which can cause crashes and harm other people’s lives. This makes collision avoidance technologies, which drivers can use to avoid crashes or even stop them altogether on the front and back sides of vehicles, more crucial. Another reason why the global market for these devices is growing is that car insurance is becoming cheaper with the introduction of such systems.

• Increased government regulations

Improving the safety of the public and reducing the frequency of road accidents are some of the goals of the government, which has introduced new policies and programs. By instituting innovative operations and rules, the government is making strident efforts to establish safer roads. The rising awareness among various authorities has propelled growth in the international market for anti-collision systems, leading to the adoption of trains, planes, and submarines worldwide. Furthermore, new players are constantly entering the industry and developing improved products to meet the increasing demands of the automotive sector. This will likely result in a decrease in accident rates, subsequently increasing consumer interest in their products.

• Increasing adoption of advanced sensors

sensors, along with Light Detection and Ranging (LiDAR), constitute another major trend driving the need for high-quality optical components such as precision lenses and specialized glasses. These parts are critical in enhancing more precise and effective collision avoidance systems across different spheres such as aerospace and automotive industries. In addition, there is an increased focus on sustainability and environmental conservation among market players. Consequently, most manufacturers have now turned to recyclable or eco-friendly materials in collision avoidance systems. Some manufacturers are investigating bio-based polymers or lightweight composites instead of traditional metals or plastics. Additionally, these eco-friendly initiatives correspond with the rise in energy-efficient products demanded by the transportation and industrial sectors.

Collision Avoidance Market Restraint:

• High initial cost.

Due to the high installation costs, especially in price-sensitive markets, the widespread adoption of collision avoidance systems has been significantly hampered. Though several safety benefits are accruable from these systems, such as reduced accident incidences and potential insurance premium savings, some manufacturers and consumers may consider their initial installation costs high. The cost includes potential maintenance and calibration costs throughout the vehicle's lifetime and the purchase and installation of the required hardware and software.

Customers who value affordability in price-sensitive markets might be discouraged from choosing cars with collision avoidance systems due to the additional expense of these features. Furthermore, manufacturers must balance integrating collision avoidance systems and other cost-cutting strategies.

Collision Avoidance Market Geographical Outlook

• Asia Pacific is expected to hold a significant market share in the forecast period.

The disposable income of consumers in the Asia Pacific region has been increasing in nations like China, India, Indonesia, and Thailand. Customers' rapid adoption of collision avoidance systems has enabled market growth in this area.

Currently, some automakers are integrating parking assistance systems that used to be exclusive to a segment with higher prices into their mid-range or smaller vehicles to distinguish themselves from the competition. The use of ADAS systems is just beginning in price-sensitive nations such as India because buying a car requires money, while collision avoidance systems do not appear to make much difference in terms of safety; hence, people do not know them well enough. However, there have been various awareness campaigns, government initiatives, and programs; hence, this trend has been improving steadily with time.

Collision Avoidance Market Developments:

• In November 2023, the Indian government allowed the two international giants, Kyosan Electric Manufacturing Co. from Japan and Siemens AG from Germany, to implement the Kavach automatic train collision avoidance system on Indian Railways in a landmark ruling.
• In June 2023, the latest Birth of Wabtec Dedicated Mine introduced Generation 3 Collision Avoidance System (CAS) putting a new mark for all work safety standards globally. The most recent advancements in human factor design have gone into creating the Generation 3 CAS, which features a completely new, simpler, and cleaner user interface along with context-based voice alerts. It takes the place of analogue "beeps and buzzzer" technology with more advanced, discrete, directed, and audible warnings. Operators can work uninterrupted by this interface and react to audio alerts instantly.
• In March 2022, leading mobility provider DENSO revealed that it had created the Global Safety Package 3*1. This active safety system is intended to increase vehicle safety by enhancing their environment-sensing abilities. A camera forms the basis of a vision sensor for cars, which helps detect surroundings, while millimetre wave radars help detect shapes of road objects like vehicles, guardrails, and so on. The advantage of this is that collisions at intersections can be avoided, whether pedestrians or other vehicles, mainly due to wider detection angles, longer ranges, and better speed resolution. The Vision sensor has a greater range to identify road objects in front of the car and a broader horizontal field of view to aid collision avoidance at intersections. This facilitates lane changes and adaptive cruise control across a wider speed range.

Key Market Segmentation:

The collision avoidance system market is segmented and analyzed as below:

• By Type
  • Forward Collision Warning
  • Reverse Collision Warning
  • Adaptive Cruise Control (ACC)
  • Multi-Collision Brake
  • Others
• By Technology
  • Radar
  • LiDAR
• By Industry Vertical
  • Automotive
  • Material Handling
  • Aerospace and Defense
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. COLLISION AVOIDANCE SYSTEM MARKET BY TYPE

5.1. Introduction

5.2. Forward Collision Warning

5.3. Reverse Collision Warning

5.4. Adaptive Cruise Control (ACC)

5.5. Multi-Collision Brake

5.6. Others

6. COLLISION AVOIDANCE SYSTEM MARKET BY TECHNOLOGY

6.1. Introduction

6.2. Radar

6.3. LiDAR

7. COLLISION AVOIDANCE SYSTEM MARKET BY INDUSTRY VERTICAL

7.1. Introduction

7.2. Automotive

7.3. Material Handling

7.4. Aerospace and Defense

7.5. Others

8. COLLISION AVOIDANCE SYSTEM MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Type

8.2.2. By Technology

8.2.3. By Industry Vertical

8.2.4. By Country

8.2.4.1. USA

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. By Type

8.3.2. By Technology

8.3.3. By Industry Vertical

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina

8.3.4.3. Others

8.4. Europe

8.4.1. By Type

8.4.2. By Technology

8.4.3. By Industry Vertical

8.4.4. By Country

8.4.4.1. Germany

8.4.4.2. France

8.4.4.3. United Kingdom

8.4.4.4. Italy

8.4.4.5. Others

8.5. Middle East and Africa

8.5.1. By Type

8.5.2. By Technology

8.5.3. By Industry Vertical

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.2. UAE

8.5.4.3. Others

8.6. Asia Pacific

8.6.1. By Type

8.6.2. By Technology

8.6.3. By Industry Vertical

8.6.4. By Country

8.6.4.1. India

8.6.4.2. China

8.6.4.3. Japan

8.6.4.4. South Korea

8.6.4.5. Taiwan

8.6.4.6. Thailand

8.6.4.7. Indonesia

8.6.4.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Robert Bosch Gmbh

10.2. Denso Corporation

10.3. Autoliv Inc.

10.4. ZF Friedrichshafen AG

10.5. Becker Mining

10.6. Collins Aerospace, A United Technologies Company

10.7. Hexagon AB

10.8. Continental AG

10.9. Infineon Technologies AG

10.10. Panasonic Holdings Corporation

10.11. Hyundai Motor Company

10.12. Mossy Toyota

Robert Bosch Gmbh

Denso Corporation

Autoliv Inc.

ZF Friedrichshafen AG

Becker Mining

Collins Aerospace, A United Technologies Company

Hexagon AB

Continental AG

Infineon Technologies AG

Panasonic Holdings Corporation

Hyundai Motor Company

Mossy Toyota