Automotive Collision Avoidance Systems Market Size
| Study Period | 2019-2029 |
| Market Size (2024) | USD 64.96 Billion |
| Market Size (2029) | USD 115.87 Billion |
| CAGR (2024 - 2029) | 12.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive Collision Avoidance Systems Market Analysis
The Automotive Collision Avoidance Systems Market size is estimated at USD 64.96 billion in 2024, and is expected to reach USD 115.87 billion by 2029, growing at a CAGR of 12.20% during the forecast period (2024-2029).
Automotive collision avoidance systems prevent imminent crashes by receiving environmental inputs and adapting accordingly. It takes control and performs complicated functions for drivers in complex situations. It also uses sensors and cameras to collect data and process it through controller units. These units send signals to drivers to alert them about concerns that increase the risk of collision and injury, both regarding their driving and other’s driving.
Various initiatives by governments of different countries to improve the safety systems onboard a car are considered significant growth factors. For instance, the National Transportation Safety Board (NTSB) of the United States released a list of the 10 most wanted transportation safety improvements. This list suggests incorporating technologies that can be used to equip vehicles for passenger safety.
Growing demand for autonomous vehicles drives the demand for automobile collision avoidance systems. However, market growth is hindered by a high installation cost. On the other hand, rising concerns about automotive safety norms and increased electronic integration in vehicles are anticipated to generate further opportunities for expansion in the collision avoidance systems market.
Automotive Collision Avoidance Systems Market Trends
LiDAR Segment to Grow Significantly During The Forecast Period
The advanced driver assistance system (ADAS) market is expected to grow significantly during the forecast period. Increasing safety campaigns by different organizations and large-scale OEMs are significant factors for the increased public awareness of vehicle safety.
Rising awareness among customers is leading to a growth in the demand for vehicles with autonomous and advanced safety features. LiDAR is used to measure distances by illuminating the target with laser light and measuring the reflection with a sensor. The automotive LiDAR system is used mainly in Semi or fully autonomous vehicle assistance features such as collision warning & avoidance systems, blind-spot monitors, lane-keep assistance, lane-departure warning, and adaptive cruise control. They also offer complete automation under all driving modes for self-driving cars.
Increasing developments across the autonomous and semi-autonomous vehicle industry, rising emphasis from the governments for ADAS-incorporated vehicles, and a surge in investments and funding in LiDAR startups are some of the keys that are expected to drive the market growth.
For instance, in November 2023, AEye Inc. announced the launch of 4Sight™ Flex, In-cabin Lidar system. It boasts a 120o horizontal (H) x 30o vertical (V) field of view, with ultra-high resolution of up to 0.05° x 0.05° and long-range detection of up to 275 meters at 10% reflectivity, all at approximately half the size and up to 40% lower power consumption compared to AEye’s first-generation design.
Due to such developments from both vehicle manufacturers and equipment suppliers, combined with the immense size and potential for scalability to existing vehicles, this segment of the market is anticipated to witness a significant growth rate during the forecast period.
Asia-Pacific is the Fastest-growing Market
Growing demand for ADAS-equipped vehicles and constructive government support are expected to boost the target market growth over the forecast period. With increased customer demand, automakers invest more in research and development. The combination of sensors and technology has fundamentally transformed the automotive industry. Furthermore, innovative technologies attract new customers, which is likely to witness major growth for the market during the forecast period.
China is one of the prominent countries in terms of vehicle manufacturing in Asia-Pacific. China has a major presence of automotive manufacturers, which is likely to create lucrative opportunities for the market during the forecast period. According to the China Association of Automobile Manufacturers (CAAM), China’s auto sales surged 29.7% in July 2022, standing at 2.42 million units, compared to the previous year. The sales of new energy vehicles, including pure electric vehicles, plug-in hybrids, and hydrogen fuel-cell vehicles, increased by 120% in July 2022 from the previous year.
China is not only one of the world's largest EV markets, but it is also one of the fastest-growing EV manufacturers. Many players are also expanding alongside the Chinese automobile industry, embracing reforms alongside its partners in order to achieve win-win solutions through innovative new products.
In February 2023, Geely officially announced the launch of the new Panda Mini micro-electric vehicle. In standard configuration, the vehicle features a 9.2-inch color instrument panel, ABS (Anti-lock Braking System), and EBD (Electronic Brakeforce Distribution). Some models feature an 8-inch central display and a backup camera, assisting drivers in various driving scenarios.
Automotive Collision Avoidance Systems Industry Overview
A few players, such as Continental, Delphi, Denso, Autoliv, Mobileye, Panasonic, and Hella, dominate the automotive collision avoidance systems market. However, the market still attracts several new players, which indicates the great potential this market exhibits. They are entering partnerships and planning to invest in the latest ADAS features. For instance, in November 2023, Hesai Technology announced an automotive LIDAR design partnership with Great Wall Motors. Multiple passenger vehicle models from GWM will equip Hesai's ultra-high resolution long-range lidar AT128, with plans for mass production and delivery starting in 2024.
Additionally, in June 2023, Nissan Motors announced the development of new LIDAR-based advanced driver-assistance technology, which features intersection collision avoidance. The technology features a new control logic for intersection collision avoidance based on ground-truth perception technology utilizing next-generation LIDAR. It can detect an object’s speed, location, and potential risk of a collision from a lateral direction.
Automotive Collision Avoidance Systems Market Leaders
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Continental AG
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Delphi Automotive
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Robert Bosch GmbH
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Autoliv Inc.
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Mobileye
*Disclaimer: Major Players sorted in no particular order
Automotive Collision Avoidance Systems Market News
- Aug 2023: Innoviz Technologies and the BMW Group announced a collaboration by starting a B-sample development phase on a new generation of LiDAR. Under the new development agreement, Innoviz will develop B-Samples based on its second-generation InnovizTwo LiDAR sensor.
- In Sept 2023: Innoviz Technologies announced a distribution agreement with Ask Co. Ltd to sell LiDAR products in Japan.
- Jun 2022: In India, ZF Group inaugurated its new Tech center facility in Hyderabad. The Tech Center India is critical for ZF Group in the technology domains of e-mobility, ADAS, integrated safety, vehicle motion control, and digitalization.
- Apr 2022: Hesai Technology announced a new strategic cooperation agreement with WeRide. According to the agreement, the two companies will promote the autonomous vehicle application of automotive grade, hybrid solid-state lidar, empowering scale deployment, and commercial application of WeRide’s autonomous driving technology.
Automotive Collision Avoidance Systems Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Growing Autonomous Vehicle Demand To Propel The Market Growth
4.2 Market Restraints
4.2.1 High Installation Cost May Hamper The Market Growth
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Function Type
5.1.1 Adaptive
5.1.2 Automated
5.1.3 Monitoring
5.1.4 Warning
5.2 By Technology Type
5.2.1 Radar
5.2.2 Lidar
5.2.3 Camera
5.2.4 Ultrasonic
5.3 By Vehicle Type
5.3.1 Passenger Vehicle
5.3.2 Commercial Vehicle
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Norway
5.4.2.5 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 Rest of the World
5.4.4.1 South America
5.4.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 Continental AG
6.2.2 Delphi Automotive
6.2.3 Denso Corporation
6.2.4 Infineon Technologies
6.2.5 Panasonic Corporation
6.2.6 Robert Bosch GmbH
6.2.7 ZF Group
6.2.8 Autoliv Inc.
6.2.9 Siemens AG
6.2.10 Bendix Commercial Vehicle Systems LLC
6.2.11 Toyota
6.2.12 WABCO Vehicle Control Services
6.2.13 Fujitsu Laboratories Ltd
6.2.14 Magna International
6.2.15 Mobileye
6.2.16 Hyundai Mobis
6.2.17 Hella KGaA Hueck & Co.
6.2.18 National Instruments Corp.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Investment In Research and Development
Automotive Collision Avoidance Systems Industry Segementation
An automotive collision avoidance system or driver assistance system is designed to prevent or mitigate the severity of collisions by alerting the driver through sound or light.
The automotive collision avoidance systems market has been segmented by function type (adaptive, automated, monitoring, and warning), technology type (radar, LiDAR, camera, and ultrasonic), vehicle type (passenger vehicle and commercial vehicle), and geography (North America, Europe, Asia-Pacific, and Rest of World). The market size and forecasts are provided in terms of value (USD) for all the above segments.
| By Function Type | |
| Adaptive | |
| Automated | |
| Monitoring | |
| Warning |
| By Technology Type | |
| Radar | |
| Lidar | |
| Camera | |
| Ultrasonic |
| By Vehicle Type | |
| Passenger Vehicle | |
| Commercial Vehicle |
| Geography | |||||||
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Automotive Collision Avoidance Systems Market Research FAQs
How big is the Automotive Collision Avoidance Systems Market?
The Automotive Collision Avoidance Systems Market size is expected to reach USD 64.96 billion in 2024 and grow at a CAGR of 12.20% to reach USD 115.87 billion by 2029.
What is the current Automotive Collision Avoidance Systems Market size?
In 2024, the Automotive Collision Avoidance Systems Market size is expected to reach USD 64.96 billion.
Who are the key players in Automotive Collision Avoidance Systems Market?
Continental AG, Delphi Automotive, Robert Bosch GmbH, Autoliv Inc. and Mobileye are the major companies operating in the Automotive Collision Avoidance Systems Market.
Which is the fastest growing region in Automotive Collision Avoidance Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Automotive Collision Avoidance Systems Market?
In 2024, the Europe accounts for the largest market share in Automotive Collision Avoidance Systems Market.
What years does this Automotive Collision Avoidance Systems Market cover, and what was the market size in 2023?
In 2023, the Automotive Collision Avoidance Systems Market size was estimated at USD 57.03 billion. The report covers the Automotive Collision Avoidance Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Collision Avoidance Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Automotive Collision Avoidance Systems Industry Report
Statistics for the 2024 Automotive Collision Avoidance Sensors market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Collision Avoidance Sensors analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Automotive Collision Avoidance Systems Market Report Snapshots
