The collision avoidance systems market is anticipated to increase at a CAGR of 12.32%, from US$14.532 billion in 2020 to US$32.777 billion by 2027.Safety systems that are used to lessen the severity of an accident include collision avoidance systems. These systems are mostly used in the mining, construction, and automotive industries, among others. A collision avoidance system uses lasers, cameras, radars, LIDAR, and sensors to detect impending collisions and warn the driver. The rise in traffic accidents worldwide is the main factor driving the market for collision avoidance technologies. The rising focus on worker safety in industries like material handling is increasing the demand for collision avoidance technologies. The high cost of these systems, however, is preventing widespread adoption and preventing further industry expansion.
A growing number of traffic crashes, rising efforts of Government and market players to fuel market expansionThere seem to be more accidents and rush-hour traffic because of a range of factors, such as driver distraction, fatigue, and lack of coordination, among others, which can result in collisions and endanger other people's lives. Collision avoidance technologies that may either help the driver avoid a collision or can prevent a collision on both the front and back sides of the vehicle are thus becoming more and more necessary. The global market for collision avoidance systems is also being driven by decreased insurance premiums for vehicles incorporating these systems.
By introducing new regulations and programmes, the government is working harder to reduce the number of traffic accidents and improve public safety. The government is working harder to lessen the incidence of traffic accidents and increase public safety by enacting new programmes and rules that must be obeyed. The global market for collision avoidance systems is expanding as a result of increased awareness among governments in various areas, which is encouraging the installation of collision avoidance systems in trains, airplanes, and submarines. In addition, an increasing number of industry players are creating and launching new and enhanced items to suit the escalating demand from the automobile industry, which will aid in reducing accident rates, bolster their market share, and promote market expansion.
- March 2022: Leading mobility provider DENSO recently revealed that it has created the Global Safety Package 3*1, an active safety system intended to increase vehicle safety by enhancing their environment-sensing abilities. The Global Safety Package helps the driver operate the car securely by combining the capabilities of a millimeter-wave radar sensor and vision sensor. The vision sensor makes use of a camera to detect the surroundings in front of the car, while the millimeter-wave radar sensor makes use of radar to detect the forms of road objects, such as vehicles and guardrails. The millimeter-wave radar sensor aids in preventing collisions at junctions, whether with other cars or pedestrians, thanks to its broader detection angle, longer detection range, and increased speed resolution. The Vision sensor has a greater range to identify road objects in front of the car and a broader horizontal field of view to aid with collision avoidance at intersections. This facilitates lane changes and adaptive cruise control across a wider speed range.
- July 2022: A new generation dual-use laser anti-collision system for small to medium-sized rotorcraft has been introduced by Leonardo. The 13kg LOAM-V2 (Laser Obstacle Avoidance and Monitoring) system has a small form factor and can identify small obstructions in the way of a flight path, like cables with a diameter of 5 mm, and alert the crew to take evasive action. The device functions as a radar-laser (LADAR), scanning the region close to the flight route to gather current data on the terrain and potential obstructions. The data is then processed to deliver audible and visual alerts. The 13kg LOAM-V2 has a small form factor. The system's behavior changes to provide up to 3600 coverage when flying slowly. The active laser can be integrated with systems based on static databases of barriers and digital maps, as well as other sensors like radars and visible or infrared video cameras.
- Toyota Safety SenseTM: The Toyota Safety SenseTM package of active safety features is a feature that comes standard on many Toyota automobiles. These cutting-edge features aim to provide drivers with peace of mind while also helping to protect passengers from harm. This Toyota model has an invisible laser and a front-facing camera with the Pre-Collision System. These parts are used to calculate the distance between the vehicle and the object in front of it. The speed is taken into consideration by the system when determining the likelihood of a collision. Toyota will issue an audiovisual alert to warn one of the hazards if it decides that a collision is likely. The Toyota Pre-Collision System may apply the brakes if the driver does not slow down or stop their car after receiving an alert.
- TailGUARD Reversing Collision Avoidance System: TailGUARDTM is a reverse collision avoidance system with automatic braking. It is made to identify tiny, big, stationary, and moving objects in the blind zone behind the car, halting the car at a safe distance and assisting in accident avoidance. When reversing, sensors are activated to monitor the area six feet behind the car and, if the brake is not applied at two feet from an obstacle, automatically apply the brakes.
- Forward Collision Warning
- Reverse Collision Warning
- Adaptive Cruise Control (ACC)
- Multi-Collision Brake
By Industry Vertical
- Material Handling
- Aerospace and Defense
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
Frequently Asked Questions about the Collision Avoidance System Market
What is the estimated value of the Collision Avoidance System Market?
The Collision Avoidance System Market was estimated to be valued at $14.53 billion in 2020.
What is the growth rate of the Collision Avoidance System Market?
The growth rate of the Collision Avoidance System Market is 12.3%, with an estimated value of $32.78 billion by 2027.
What is the forecasted size of the Collision Avoidance System Market?
The Collision Avoidance System Market is estimated to be worth $32.78 billion by 2027.
Who are the key companies in the Collision Avoidance System Market?
Key companies in the Collision Avoidance System Market include Bosch Engineering, Denso Corporation, Autoliv Inc., ZF Friedrichshafen AG, Becker Mining, Collins Aerospace, Hexagon AB, Continental AG and Panasonic Holdings Corporation.
|No. of Pages||142|
|Forecast Period||2020 - 2027|
| Estimated Market Value ( USD
||USD 14.53 billion|
| Forecasted Market Value ( USD
||USD 32.78 billion|
|Compound Annual Growth Rate||12.3%|
|No. of Companies Mentioned||12|
Table of Contents1. INTRODUCTION
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. COLLISION AVOIDANCE SYSTEMS MARKET BY TYPE
5.2. Forward Collision Warning
5.3. Reverse Collision Warning
5.4. Adaptive Cruise Control (ACC)
5.5. Multi-Collision Brake
6. COLLISION AVOIDANCE SYSTEMS MARKET BY TECHNOLOGY
7. COLLISION AVOIDANCE SYSTEMS MARKET BY INDUSTRY VERTICAL
7.3. Material Handling
7.4. Aerospace and Defense
8. COLLISION AVOIDANCE SYSTEMS MARKET BY GEOGRAPHY
8.2. North America
8.3. South America
8.4.3. United Kingdom
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.4. South Korea
9. COMPETITIVE INTELLIGENCE
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Robert Bosch Gmbh
10.2. Denso Corporation
10.3. Autoliv Inc.
10.4. ZF Friedrichshafen AG
10.5. Becker Mining
10.6. Collins Aerospace, A United Technologies Company
10.7. Hexagon AB
10.8. Continental AG
10.9. Infineon Technologies AG
10.10. Panasonic Holdings Corporation
10.11. Hyundai Motor Company
10.12. Mossy Toyota
- Bosch Engineering
- Denso Corporation
- Autoliv Inc.
- ZF Friedrichshafen AG
- Becker Mining
- Collins Aerospace
- Hexagon AB
- Continental AG
- Infineon Technologies AG
- Panasonic Holdings Corporation
- Hyundai Motor Company
- Mossy Toyota