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Automotive Collision Avoidance Systems Market Size (2024 - 2029)

The automotive collision avoidance systems market is projected to experience significant growth over the forecast period, driven by increasing demand for autonomous vehicles and government initiatives aimed at enhancing vehicle safety. These systems utilize advanced sensors and cameras to prevent accidents by processing environmental data and alerting drivers to potential risks. Despite the high installation costs posing a challenge to market expansion, the rising focus on automotive safety standards and greater electronic integration in vehicles are expected to create additional opportunities for market growth.

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Market Size of Automotive Collision Avoidance Systems Industry

Automotive Collision Avoidance Systems Market Summary
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

Automotive Collision Avoidance Systems Market 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 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
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Norway
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle-East and Africa
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Automotive Collision Avoidance Systems Market Size Summary

The automotive collision avoidance systems market is poised for substantial growth, driven by the increasing demand for advanced safety features and autonomous vehicles. These systems, which utilize sensors and cameras to prevent accidents by alerting drivers and taking control in complex situations, are becoming integral to modern vehicles. Government initiatives worldwide to enhance vehicle safety standards are significantly contributing to market expansion. The market is also benefiting from the rising integration of electronic systems in vehicles and the growing awareness of automotive safety among consumers. Despite the high installation costs posing a challenge, the market is expected to thrive due to the continuous advancements in technology and the increasing emphasis on advanced driver assistance systems (ADAS).

China's robust automotive manufacturing sector presents lucrative opportunities for the collision avoidance systems market, with the country being a major player in the electric vehicle segment. The presence of key automotive manufacturers and the rapid growth of the electric vehicle market in China are likely to drive demand for these systems. Additionally, collaborations and partnerships among industry players, such as those between Hesai Technology and Great Wall Motors, and Innoviz Technologies with the BMW Group, are fostering innovation and expanding market reach. The involvement of established companies like Continental, Delphi, and Mobileye, alongside new entrants, underscores the market's potential for growth and the ongoing investment in research and development to meet the evolving demands of vehicle safety and automation.

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Automotive Collision Avoidance Systems Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Growing Autonomous Vehicle Demand To Propel The Market Growth

    2. 1.2 Market Restraints

      1. 1.2.1 High Installation Cost May Hamper The Market Growth

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Function Type

      1. 2.1.1 Adaptive

      2. 2.1.2 Automated

      3. 2.1.3 Monitoring

      4. 2.1.4 Warning

    2. 2.2 By Technology Type

      1. 2.2.1 Radar

      2. 2.2.2 Lidar

      3. 2.2.3 Camera

      4. 2.2.4 Ultrasonic

    3. 2.3 By Vehicle Type

      1. 2.3.1 Passenger Vehicle

      2. 2.3.2 Commercial Vehicle

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Rest of North America

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Norway

        5. 2.4.2.5 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 South Korea

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 Rest of the World

        1. 2.4.4.1 South America

        2. 2.4.4.2 Middle-East and Africa

Automotive Collision Avoidance Systems Market Size FAQs

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.

In 2024, the Automotive Collision Avoidance Systems Market size is expected to reach USD 64.96 billion.

Automotive Collision Avoidance Systems Market Report Snapshots

Automotive Collision Avoidance Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)