Collision Avoidance System Market - Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America & Middle East & Africa)

Description

The global collision avoidance system market is projected to witness robust growth over the forecast period from 2024 to 2031, according to a recent report by Fairfield Market Research. The market, which was valued at US$ 13 billion in 2024, is anticipated to expand at an impressive CAGR of 19.0%, crossing a valuation of around US$ 45 billion by 2031.

Driving Forces Behind Market Growth

Automobile collision avoidance systems, leveraging cues from their surroundings to adjust behavior and prevent impending collisions, are witnessing increased demand worldwide. Factors such as the growing need for autonomous vehicles, rising concerns for road safety, advancements in technology, and evolving government regulations are propelling this demand.

The report highlights the role of sophisticated sensors such as cameras, radars, and LiDAR in enhancing the performance and reliability of collision avoidance systems. With the increasing popularity of autonomous vehicles, the need for cutting-edge safety measures has become paramount, further driving the market growth.

Market Trends and Opportunities

Several trends are shaping the collision avoidance system market landscape. Notably, there is a growing demand for high-end cars equipped with advanced safety technologies, as well as a requirement for collision avoidance systems in new automobiles mandated by various governments. Europe is expected to witness significant growth, with a predicted CAGR of about 40.2%, driven by the growing need for safety equipment in the automotive sector.

The United States of America is showcasing high demand for front collision avoidance systems, with a projected market worth of US$ 9.4 billion by 2031. This demand is attributed to the rising adoption of advanced driver assistance systems and increasing public awareness of traffic safety.

Similarly, the United Kingdom and Japan are expected to experience substantial growth in their respective collision avoidance system markets, driven by advancements in technology and rising demand for high-tech safety features. South Korea, on the other hand, is anticipated to benefit from the growing usage of autonomous cars and increasing demand for electric vehicles.

Challenges and Restraints

Despite the promising growth prospects, the market faces several challenges. High installation costs, limited awareness, and concerns regarding privacy and security are hindering widespread adoption. Technical issues with current collision avoidance technologies, as well as the complexity of integrating these systems with other vehicle components, pose additional challenges for manufacturers.

Emerging Technologies and Preferred Applications

LiDAR technology emerges as a preferred choice for collision avoidance systems, with significant growth anticipated in the next decade. Its applications span across various sectors, including medical, aerospace, and automotive. Additionally, parking assistance remains the leading application of collision avoidance systems, driven by the ongoing expansion of the automotive industry and rising demand for premium cars.

Competitive Landscape

In the competitive landscape, market players are focused on delivering high-quality products and expanding their portfolios through innovation and technology patents. Companies are actively working to increase their market share and capitalize on the growing demand for collision avoidance systems worldwide.

Key Companies Profiled:

Continental AG
BorgWarner Inc.
Denso corporation
Hexagon
Wabtec Corporation
Alstom
Siemens AG
Honeywell International Inc.
Autoliv Inc.
Rockwell Collins Inc.

Collision Avoidance System Market Outlook by Category

By Technology

LiDAR
Radar
Ultrasound
Camera

By Application

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

By Region

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

1. Executive Summary

1.1. Global Collision Avoidance System Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Collision Avoidance System Market Outlook, 2018 - 2031

3.1. Global Collision Avoidance System Market Outlook, by Technology, Value (US$ Bn), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. LIDAR
  - 3.1.1.2. Radar
  - 3.1.1.3. Ultrasound
  - 3.1.1.4. Camera
3.2. Global Collision Avoidance System Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Adaptive Cruise Control
  - 3.2.1.2. Blind Spot Detection
  - 3.2.1.3. Forward Collision Warning System
  - 3.2.1.4. Lane Departure Warning System
  - 3.2.1.5. Parking Assistance
3.3. Global Collision Avoidance System Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Collision Avoidance System Market Outlook, 2018 - 2031

4.1. North America Collision Avoidance System Market Outlook, by Technology, Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. LIDAR
  - 4.1.1.2. Radar
  - 4.1.1.3. Ultrasound
  - 4.1.1.4. Camera
4.2. North America Collision Avoidance System Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Adaptive Cruise Control
  - 4.2.1.2. Blind Spot Detection
  - 4.2.1.3. Forward Collision Warning System
  - 4.2.1.4. Lane Departure Warning System
  - 4.2.1.5. Parking Assistance
4.3. North America Collision Avoidance System Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 4.3.1.2. U.S. Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 4.3.1.3. Canada Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 4.3.1.4. Canada Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Collision Avoidance System Market Outlook, 2018 - 2031

5.1. Europe Collision Avoidance System Market Outlook, by Technology, Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. LIDAR
  - 5.1.1.2. Radar
  - 5.1.1.3. Ultrasound
  - 5.1.1.4. Camera
5.2. Europe Collision Avoidance System Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Adaptive Cruise Control
  - 5.2.1.2. Blind Spot Detection
  - 5.2.1.3. Forward Collision Warning System
  - 5.2.1.4. Lane Departure Warning System
  - 5.2.1.5. Parking Assistance
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Collision Avoidance System Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. Germany Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. U.K. Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. U.K. Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.5. France Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 5.3.1.6. France Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.7. Italy Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 5.3.1.8. Italy Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.9. Turkey Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 5.3.1.10. Turkey Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.11. Russia Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 5.3.1.12. Russia Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.13. Rest of Europe Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 5.3.1.14. Rest of Europe Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Collision Avoidance System Market Outlook, 2018 - 2031

6.1. Asia Pacific Collision Avoidance System Market Outlook, by Technology, Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. LIDAR
  - 6.1.1.2. Radar
  - 6.1.1.3. Ultrasound
  - 6.1.1.4. Camera
6.2. Asia Pacific Collision Avoidance System Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Adaptive Cruise Control
  - 6.2.1.2. Blind Spot Detection
  - 6.2.1.3. Forward Collision Warning System
  - 6.2.1.4. Lane Departure Warning System
  - 6.2.1.5. Parking Assistance
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Collision Avoidance System Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. China Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. Japan Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. Japan Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. South Korea Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. South Korea Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. India Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. India Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Southeast Asia Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Southeast Asia Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Rest of Asia Pacific Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Collision Avoidance System Market Outlook, 2018 - 2031

7.1. Latin America Collision Avoidance System Market Outlook, by Technology, Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. LIDAR
  - 7.1.1.2. Radar
  - 7.1.1.3. Ultrasound
  - 7.1.1.4. Camera
7.2. Latin America Collision Avoidance System Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Collision Avoidance System Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. Brazil Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Mexico Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. Mexico Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. Argentina Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. Argentina Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. Rest of Latin America Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Collision Avoidance System Market Outlook, 2018 - 2031

8.1. Middle East & Africa Collision Avoidance System Market Outlook, by Technology, Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. LIDAR
  - 8.1.1.2. Radar
  - 8.1.1.3. Ultrasound
  - 8.1.1.4. Camera
8.2. Middle East & Africa Collision Avoidance System Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Adaptive Cruise Control
  - 8.2.1.2. Blind Spot Detection
  - 8.2.1.3. Forward Collision Warning System
  - 8.2.1.4. Lane Departure Warning System
  - 8.2.1.5. Parking Assistance
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Collision Avoidance System Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. GCC Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. South Africa Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. South Africa Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. Egypt Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. Egypt Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. Nigeria Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. Nigeria Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.9. Rest of Middle East & Africa Collision Avoidance System Market by Technology, Value (US$ Bn), 2018 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Collision Avoidance System Market by Application, Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs by Application Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. Continental AG
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Technology Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. BorgWarner Inc.
  - 9.4.2.1. Company Overview
  - 9.4.2.2. Technology Portfolio
  - 9.4.2.3. Financial Overview
  - 9.4.2.4. Business Strategies and Development
- 9.4.3. DENSO CORPORATION
  - 9.4.3.1. Company Overview
  - 9.4.3.2. Technology Portfolio
  - 9.4.3.3. Financial Overview
  - 9.4.3.4. Business Strategies and Development
- 9.4.4. Analog Devices, Inc.
  - 9.4.4.1. Company Overview
  - 9.4.4.2. Technology Portfolio
  - 9.4.4.3. Financial Overview
  - 9.4.4.4. Business Strategies and Development
- 9.4.5. Infineon Technologies AG
  - 9.4.5.1. Company Overview
  - 9.4.5.2. Technology Portfolio
  - 9.4.5.3. Financial Overview
  - 9.4.5.4. Business Strategies and Development
- 9.4.6. Panasonic Corporation
  - 9.4.6.1. Company Overview
  - 9.4.6.2. Technology Portfolio
  - 9.4.6.3. Financial Overview
  - 9.4.6.4. Business Strategies and Development
- 9.4.7. Robert Bosch GmbH
  - 9.4.7.1. Company Overview
  - 9.4.7.2. Technology Portfolio
  - 9.4.7.3. Financial Overview
  - 9.4.7.4. Business Strategies and Development
- 9.4.8. Nissha GSI Technologies
  - 9.4.8.1. Company Overview
  - 9.4.8.2. Technology Portfolio
  - 9.4.8.3. Financial Overview
  - 9.4.8.4. Business Strategies and Development
- 9.4.9. General Electric Company
  - 9.4.9.1. Company Overview
  - 9.4.9.2. Technology Portfolio
  - 9.4.9.3. Financial Overview
  - 9.4.9.4. Business Strategies and Development
- 9.4.10. Honeywell International Inc
  - 9.4.10.1. Company Overview
  - 9.4.10.2. Technology Portfolio
  - 9.4.10.3. Financial Overview
  - 9.4.10.4. Business Strategies and Development
- 9.4.11. Siemens AG
  - 9.4.11.1. Company Overview
  - 9.4.11.2. Technology Portfolio
  - 9.4.11.3. Financial Overview
  - 9.4.11.4. Business Strategies and Development
- 9.4.12. SAAB AB
  - 9.4.12.1. Company Overview
  - 9.4.12.2. Technology Portfolio
  - 9.4.12.3. Financial Overview
  - 9.4.12.4. Business Strategies and Development
- 9.4.13. Hexagon AB
  - 9.4.13.1. Company Overview
  - 9.4.13.2. Technology Portfolio
  - 9.4.13.3. Financial Overview
  - 9.4.13.4. Business Strategies and Development
- 9.4.14. Wabtec Corporation
  - 9.4.14.1. Company Overview
  - 9.4.14.2. Technology Portfolio
  - 9.4.14.3. Financial Overview
  - 9.4.14.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations