PUBLISHER: The Business Research Company | PRODUCT CODE: 1648608
PUBLISHER: The Business Research Company | PRODUCT CODE: 1648608
Collision avoidance systems are safety mechanisms designed to alert or assist drivers in avoiding impending collisions, thereby reducing the risk of incidents. These systems provide visual and auditory warnings to drivers and may actively enforce defensive maneuvers, such as braking, when a collision is imminent. The primary purpose of collision avoidance systems is to prevent or mitigate the severity of collisions.
The main products within the realm of collision avoidance systems include Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Lane Departure Warning Systems, Parking Assistance, and other related products. Adaptive Cruise Control (ACC) is a type of active safety system that automatically regulates a vehicle's acceleration and braking. Various technologies, including lidar, radar, ultrasonic sensors, cameras, and others, are employed in these systems. Collision avoidance systems find applications in automotive, marine, aerospace, railways, and various other sectors.
The collision avoidance system market research report is one of a series of new reports from The Business Research Company that provides collision avoidance system market statistics, including collision avoidance system industry global market size, regional shares, competitors with a collision avoidance system market share, detailed collision avoidance system market segments, market trends and opportunities, and any further data you may need to thrive in the collision avoidance system industry. This collision avoidance system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The collision avoidance system market size has grown strongly in recent years. It will grow from $45.75 billion in 2024 to $50.07 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to increased automotive safety regulations, reduction in accidents and fatalities, urbanization and traffic congestion, consumer demand for safety features, and insurance industry influence.
The collision avoidance system market size is expected to see strong growth in the next few years. It will grow to $72.9 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to smart cities and infrastructure, pedestrian and cyclist safety, emerging market adoption, growing autonomous vehicles, and rising road traffic. Major trends in the forecast period include electric and hybrid vehicle integration, automotive industry innovations, real-time data and ai integration, 5g connectivity and v2x communication, and advanced driver assistance systems (adas).
The growing demand for automated vehicles is projected to drive the expansion of the collision avoidance system market in the future. Automated vehicles are those that can detect their environment and function without human input. These vehicles rely on collision avoidance systems, including sensors, cameras, emergency braking, lane-keeping assistance, and more, to navigate and prevent accidents. For example, in April 2024, the International Energy Agency, an autonomous intergovernmental organization based in Paris, reported that nearly 14 million new electric cars were registered worldwide in 2023, increasing the total number of electric cars on the road to 40 million. Electric vehicles represented about 18% of all cars sold in 2023, compared to 14% in 2022 and just 2% five years earlier. As a result, the growing demand for automated vehicles is fueling the growth of the collision avoidance system market.
The increasing road traffic is anticipated to drive the growth of the collision avoidance market. As road congestion and traffic volumes grow, so does the risk of accidents and collisions. Collision avoidance systems are essential in reducing this risk by offering automated braking, driver warnings, and improving safety for pedestrians, cyclists, and other road users. The rise in distracted driving and the expansion of urban areas with densely packed vehicles further emphasize the need for these systems. For example, in October 2023, the UK-based government organization, Brake, The Road Safety Charity, reported that there were 1,766 road deaths in the UK in 2022, with 1,711 in Britain and 55 in Northern Ireland.
Technological advancements stand out as a prominent trend in the collision avoidance system market. Major companies operating in this sector are actively pursuing the development of innovative technological solutions to bolster their market standing. An illustrative example is Wabtec Digital Mine, a US-based technology company that launched the Generation 3 Collision Avoidance System (CAS) in June 2023. This advanced system surpasses traditional proximity detection, focusing on true collision avoidance. Core features include real-time self-testing, personnel detection, and secondary sensing, ensuring optimal performance. The Generation 3 CAS incorporates a user-friendly interface with context-based voice alerts, replacing conventional beeps and buzzers with discreet, directional, and audible warnings. Designed to enhance safety and productivity, the system places a strong emphasis on reducing risks associated with vehicle interactions in mining environments, illustrating the ongoing trend of technological innovation in the collision avoidance system market.
Prominent companies in the collision avoidance market are integrating Advanced Driver Assistance Systems (ADAS) into their products, reinforcing their market position. ADAS technologies play a crucial role in providing warnings to drivers, assisting with vehicle control, and, in some instances, autonomously taking actions to prevent or mitigate collisions, thereby enhancing overall driving safety. An illustrative example is MG Motor, a UK-based automotive company, which, in January 2023, launched the Next-Gen Hector. This vehicle features an Autonomous Level 2 (ADAS) system equipped with 11 Advanced Driver Assistance Systems and over 75 connected car features through the i-SMART technology. The safety features incorporated in the Next-Gen Hector include airbags, a 360-degree camera, and stability controls. This integration of ADAS technologies highlights the commitment of major automotive companies to enhancing vehicle safety and collision avoidance capabilities.
In December 2022, Epiroc, a Sweden-based mining company, acquired Mernok Elektronik (Pty) Ltd for an undisclosed sum. Through this acquisition, Epiroc seeks to enhance its position in automation and safety solutions for mining operations. Mernok Elektronik (Pty) Ltd, a South Africa-based company, specializes in designing and manufacturing collision avoidance systems and proximity detection technologies for the mining industry.
Major companies operating in the collision avoidance system market include ZF Friedrichshafen AG, General Electric Company, Mobileye Global Inc., Denso Corporation, Robert Bosch GmbH, Wabtec Corporation, Alstom SA, Autoliv Inc., Honeywell International Inc., Ride Vision Ltd., LILEE System Ltd., Knorr-Bremse AG, Hella GmbH & Co. KGaA, Becker Mining Systems AG, Hexagon AB, Saab AB, Rockwell Automation Inc., Hyundai Mobis, Analog Devices, Murata Manufacturing Co. Ltd., Infineon Technologies, Panasonic Corporation, Continental AG, Siemens AG, Aptiv Plc, Magna International Inc., Valeo India Pvt. Ltd., NXP Semiconductors, Texas Instruments Incorporated, STMicroelectronics N.V., Renesas Electronics Corporation, Aisin Seiki Co. Ltd., Sensata Technologies Inc., First Sensor AG, LeddarTech Inc., Quanergy Systems Inc., Velodyne Lidar Inc., Ouster Inc., Luminar Technologies Inc.
North America was the largest region in the collision avoidance system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this collision avoidance system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the collision avoidance system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The collision avoidance systems market consists of sales of electronic stability control (ESC), pedestrian detection systems, and cross-traffic warnings, sensors, such as lasers, GPS, and artificial intelligence. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Collision Avoidance System Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on collision avoidance system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for collision avoidance system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The collision avoidance system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.