Market Size of Automotive Collision Avoidance Systems Industry
| 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 |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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 | |||||||
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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.
Automotive Collision Avoidance Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Growing Autonomous Vehicle Demand To Propel The Market Growth
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1.2 Market Restraints
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1.2.1 High Installation Cost May Hamper The Market Growth
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Function Type
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2.1.1 Adaptive
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2.1.2 Automated
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2.1.3 Monitoring
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2.1.4 Warning
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2.2 By Technology Type
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2.2.1 Radar
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2.2.2 Lidar
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2.2.3 Camera
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2.2.4 Ultrasonic
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2.3 By Vehicle Type
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2.3.1 Passenger Vehicle
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2.3.2 Commercial Vehicle
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Norway
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2.4.2.5 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 South Korea
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 Rest of the World
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2.4.4.1 South America
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2.4.4.2 Middle-East and Africa
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Automotive Collision Avoidance Systems Market Size 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.
