Global Collision Avoidance Systems Market to Reach $62.8 Billion by 2027
Amid the COVID-19 crisis, the global market for Collision Avoidance Systems estimated at US$40.7 Billion in the year 2020, is projected to reach a revised size of US$62.8 Billion by 2027, growing at a CAGR of 6.4% over the period 2020-2027. Automotive, one of the segments analyzed in the report, is projected to record a 6.6% CAGR and reach US$21.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Construction & Mining segment is readjusted to a revised 7% CAGR for the next 7-year period.The U.S. Market is Estimated at $12.2 Billion, While China is Forecast to Grow at 8% CAGR
The Collision Avoidance Systems market in the U.S. is estimated at US$12.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$8.3 Billion by the year 2027 trailing a CAGR of 8% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR.Aerospace Segment to Record 5.8% CAGR
In the global Aerospace segment, USA, Canada, Japan, China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.3 Billion in the year 2020 will reach a projected size of US$10.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.Select Competitors (Total 83 Featured)
- Alstom SA
- Analog Devices, Inc.
- Autoliv, Inc.
- Becker Mining Systems AG
- Caterpillar Inc.
- Continental AG
- Delphi Automotive LLP
- Denso Corporation
- General Electric Company
- Honeywell International, Inc.
- Infineon Technologies AG
- Murata Manufacturing Co. Ltd.
- NXP Semiconductors N.V
- Panasonic Corporation
- Robert Bosch GmbH
- Rockwell Collins, Inc.
- Saab AB
- Siemens AG
- Wabtec Corporation
- ZF Friedrichshafen AG
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to a digital archives and Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 531 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 40.7 Billion |
Forecasted Market Value ( USD | $ 62.8 Billion |
Compound Annual Growth Rate | 6.4% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARYIII. MARKET ANALYSIS
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
IV. COMPETITION
Companies Mentioned
A selection of companies mentioned in this report includes:
- Alstom SA
- Analog Devices, Inc.
- Autoliv, Inc.
- Becker Mining Systems AG
- Caterpillar Inc.
- Continental AG
- Delphi Automotive LLP
- Denso Corporation
- General Electric Company
- Honeywell International, Inc.
- Infineon Technologies AG
- Murata Manufacturing Co. Ltd.
- NXP Semiconductors N.V
- Panasonic Corporation
- Robert Bosch GmbH
- Rockwell Collins, Inc.
- Saab AB
- Siemens AG
- Wabtec Corporation
- ZF Friedrichshafen AG