PUBLISHER: The Business Research Company | PRODUCT CODE: 1659083
PUBLISHER: The Business Research Company | PRODUCT CODE: 1659083
The Forward Collision Warning System in the automotive industry is a proactive safety feature designed to alert drivers in advance of potential frontal collisions. This system detects the likelihood of a collision with a vehicle ahead and promptly notifies the driver. It proves particularly valuable in critical situations, such as heavy traffic or low visibility conditions, by delivering visual and audio warnings. In cases where a potential collision is identified, the system issues a warning to the driver, and if there's no rapid response, it can autonomously initiate braking.
Various types of forward collision warning systems in the automotive sector include Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Lane Departure Warning Systems (LDWS), Parking Assistance, and others. Active safety technologies, like Adaptive Cruise Control, play a key role in automatically adjusting a vehicle's acceleration and braking. The technologies employed by these systems include lidar, radar, camera, ultrasonic sensors, and others. These technologies are typically sold or distributed through sales channels such as OEM (Original Equipment Manufacturer) and aftermarket. The application of the forward collision warning system extends beyond automotive to industries like aerospace and defense, marine, rail, showcasing its versatility in enhancing safety across various transportation sectors.
The forward collision warning system for automotive market research report is one of a series of new reports from The Business Research Company that provides forward collision warning system for automotive market statistics, including forward collision warning system for automotive industry global market size, regional shares, competitors with a forward collision warning system for automotive market share, detailed forward collision warning system for automotive market segments, market trends and opportunities, and any further data you may need to thrive in the forward collision warning system for automotive industry. This forward collision warning system for automotive 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 forward collision warning system for automotive market size has grown rapidly in recent years. It will grow from $33.99 billion in 2024 to $37.9 billion in 2025 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to increasing awareness of road safety, consumer demand for safety features, rising number of road accidents, government initiatives for road safety, increased vehicle production, integration with advanced driver assistance systems.
The forward collision warning system for automotive market size is expected to see rapid growth in the next few years. It will grow to $59.36 billion in 2029 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to continued emphasis on vehicle safety ratings, global expansion of ADAS market, regulatory mandates, insurance industry collaboration, urbanization and traffic congestion, development of customizable warning alerts. Major trends in the forecast period include integration with advanced driver assistance systems (ADAS), collision mitigation and autonomous emergency braking (aeb), pedestrian detection and cyclist detection, multi-sensor fusion technology, improved false alarm reduction, adoption of v2x communication.
The rising incidence of road accidents is driving the demand for forward collision warning systems in the automotive market. Road accidents, which can result in injuries or fatalities, may be reduced through the integration of collision warning systems in vehicles. These systems assess the car's speed and provide visual alerts when a potential collision is detected. For example, in October 2023, The Bake, a UK-based road safety charity, reported that there were 1,766 road deaths in the UK in 2022, with 1,711 occurring in Britain and 55 in Northern Ireland. Moreover, the number of road deaths increased by 10% compared to 2021. This rise in road accidents underscores the urgent need for forward collision warning systems to improve vehicle safety and prevent collisions, thus propelling the growth of this segment within the automotive market.
The expanding automotive production sector is poised to drive the growth of forward collision warning systems in the automotive market. Automotive production involves the manufacturing of various vehicles, and the implementation of forward collision warning systems is crucial for vehicle safety. These systems utilize sensors to detect potential frontal collisions, providing timely alerts to drivers and sometimes triggering automatic braking. In August 2023, total vehicle production in the United States increased to 11.77 million units, reflecting a growth trend. As automotive production continues to rise, the demand for forward collision warning systems is expected to grow proportionally, contributing to the expansion of the automotive safety technology market.
Technological advancements represent a key trend in the forward collision warning systems for the automotive market. Companies operating in this industry are focused on developing new products and technologies to gain a competitive edge. For example, Mobileye, an Israel-based developer of advanced driver assistance systems, introduced an AI-based collision avoidance technology. This innovative technology employs artificial intelligence to identify potential hazards and provide real-time alerts to drivers. The system continuously monitors the road ahead, issuing warnings seconds before a potential collision, thereby enhancing automotive safety through cutting-edge technological solutions.
Major companies in the forward collision warning systems market are increasingly emphasizing the introduction of collision mitigation systems to gain a competitive advantage. Collision mitigation systems are advanced safety technologies designed to help drivers prevent or minimize the impact of collisions. ZF Friedrichshafen AG, a Germany-based engineering company, launched a new collision mitigation system for city buses in April 2022. Tailored for urban environments, this system provides active braking support and issues forward collision warnings to prevent accidents with other vehicles, bicyclists, and pedestrians. As companies prioritize the development of collision mitigation systems, the automotive market is expected to witness further advancements in safety technology.
In October 2023, Universal Scientific Industrial (Shanghai) Co., Ltd., a computer storage device manufacturer based in China, acquired TE Connectivity Ltd. for an undisclosed sum. This acquisition is intended to enhance Universal Scientific Industrial (Shanghai) Co., Ltd.'s portfolio by incorporating Hirschmann Car Communication, a recognized leader in automotive solutions. Under the leadership of its current management, Hirschmann Car Communication will continue to drive innovation in wireless automotive technology, reflecting a mutual vision for the future of connectivity. TE Connectivity Ltd. is an Ireland-based global leader in connectivity solutions, known for developing innovative technologies like forward collision warning systems to enhance automotive safety.
Major companies operating in the forward collision warning system for automotive market are Velodyne LiDAR Inc., Gentex Corporation, ZF Friedrichshafen AG, Continental AG, Denso Corporation, BorgWarner Inc., Mobileye Global Inc., Honeywell International Inc., Robert Bosch GmbH, Siemens AG, Autoliv Inc., Infineon Technologies AG, Panasonic Corporation, Bendix Commercial Vehicle Systems LLC, Toyota Motor Corporation, WABCO Vehicle Control Services, RTX Corporation, Valeo Group, Aptiv PLC, Hitachi Astemo Ltd., NXP Semiconductors, STMicroelectronics N.V.
North America was the largest region in the forward collision warning system for the automotive market in 2024. The regions covered in the forward collision warning system for automotive market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the forward collision warning system for automotive market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The forward collision warning system for the automotive market consists of sales of warning and preparing brakes, warning, and autonomous braking. 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.
Forward Collision Warning System For Automotive 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 forward collision warning system for automotive 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 forward collision warning system for automotive ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The forward collision warning system for automotive 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.