Collision Avoidance Systems - Global Market Trajectory & Analytics

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

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