Collision Avoidance System Market cover

Collision Avoidance System Market by Applications (Parking Assistance, Forward Collision Warning System, Adaptive Cruise Control, Lane Departure Warning System, Blind Spot Detection, and Others), Technology (Ultrasound, Radar, LiDAR, and Camera), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: FB-3267
  • Author: Growth Market Reports
  • Rating: 4.2
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  • No. Of Pages: 192
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The global collision avoidance system market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the high degree of development in the field of ultrasound technologies, LiDAR, radar, and camera.


Collision Avoidance System Market summary

Collision avoidance system is a warning system or a safety awareness designed to reduce the severity of a collision. As soon as collision is detected, the system warns the driver with the help of light or sound to avoid the collision. Some of these system uses Artificial Intelligence machine vision technology or sensors and some of them use dash cams for images and GPS for location information.  The system offer benefits in automobile and mining sector to avoid accidents. According to Insurance Institute for Highway Safety, a U.S. based non-profit organization stated that 62% of drivers gave keen attention to the street and used turn signals more regularly when a collision avoidance system was implemented in their vehicle.

The COVID-19 pandemic outbreak had negative impact on the market. During pandemic, the sales of automotive is significantly reduced, which affected the demand of collision avoidance system. Additionally, lockdown imposed by government bodies resulted in halt in R&D activities and manufacturing of the system. The market is expected to recover soon as the emergency lockdown is gradually lifted and manufacturing plants are resuming their operations across the globe due to the sharp decline in the number of the COVID cases in many countries.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing initiative of government regarding safety on road in many countries is one of the key factors driving the market growth.
  • Rising integration of collision avoidance system in their models by automakers is projected to boost the market during the forecast period.
  • Escalating cost of installation for collision avoidance system acts as a major challenge that can restrict the market growth in the coming years.
  • Sometimes these system only warns the drivers and does not perform any autonomous avoidance movement is expected to hamper the market growth during the projected timeline.
  • Growing electronic integration in vehicles is anticipated to create significant growth opportunities for the market.

Scope of the Report

The report on the global collision avoidance system market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Collision Avoidance System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Parking Assistance, Forward Collision Warning System, Adaptive Cruise Control, Lane Departure Warning System, Blind Spot Detection, and Others), and Technology (Ultrasound, Radar, LiDAR, and Camera)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Bosch; Delphi Automotive; Continental AG; Denso Corp.; and TRW automotive Holdings Corp.

Market Segment Insights

BSD and LDWS segment to expand at robust growth rate

Based on applications, the global collision avoidance system market is segmented into parking assistance, forward collision warning system (FCWS), adaptive cruise control (ACC), lane departure warning system (LDWS), blind spot detection (BSD), and others. The BSD and LDWS segment is estimated to expand at robust growth rate during the forecast period due to these systems which are cost effective in nature compared to any other system. Moreover, BSD and LDWS uses camera as well as radar technology to detect collision, which is driving the segment growth further. However, the ACC segment is anticipated to expand at a substantial CAGR in the coming years attributed to these system automatically controls the vehicle speed by using short, medium, and long range radars.

Preferred setup drives the radar segment

On the basis of technology, the market is segregated into ultrasound, radar, LiDAR, and camera. The radar segment is projected to register at high CAGR in the projected timeline owing to the preferred setup for detection of distance and location of obstacle. On the other hand, the ultrasound segment is anticipated to register a substantial CAGR during the forecast period attributed to the ultrasound detect obstacle at short distance. Additionally, ultrasound is inexpensive and mostly used in parking assistance is major driver of the segment.


Collision Avoidance System Market technology

North America is to constitute a key market share

In terms of region, the global collision avoidance system market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to stringent government regulations about road safety in the region. However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to the increased spending capacity, sale of premium cars, and increased emphasis on the implementation of rigorous safety rules.


Collision Avoidance System Market region

Segments

Segments Covered in the Report

The global collision avoidance system market has been segmented on the basis of

Applications

  • Parking Assistance
  • Forward Collision Warning System
  • Adaptive Cruise Control
  • Lane Departure Warning System
  • Blind Spot Detection
  • Others

Technology

  • Ultrasound
  • Radar
  • LiDAR
  • Camera

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Bosch
  • Delphi Automotive
  • Continental AG
  • Denso Corp.
  • TRW automotive Holdings Corp.

Competitive Landscape

Key players competing in the global collision avoidance system market are Bosch; Delphi Automotive; Continental AG; Denso Corp.; and TRW automotive Holdings Corp. Companies are focusing on development of 360-degree system surveillance system for enhanced safety. Furthermore, companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

Collision Avoidance System Market keyplayers

For instance, in May 2021, Toyota Motor Corp. is Japanese multinational automotive manufacturer announced a partnership agreement with ZF and Mobileye to develop advanced driver assistance systems (ADAS). The newly developed system is aimed to use in forthcoming multiple vehicle platforms for the Toyota Group. In August 2020, Continental AG manufactured 30 million radar sensors for collision avoidance systems to support the worldwide efforts in making driving safer.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Collision Avoidance System Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Collision Avoidance System Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Collision Avoidance System Market - Supply Chain
  4.5. Global Collision Avoidance System Market Forecast
     4.5.1. Collision Avoidance System Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Collision Avoidance System Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Collision Avoidance System Market Absolute $ Opportunity
5. Global Collision Avoidance System Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Collision Avoidance System Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Collision Avoidance System Demand Share Forecast, 2019-2026
6. North America Collision Avoidance System Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Collision Avoidance System Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Collision Avoidance System Demand Share Forecast, 2019-2026
7. Latin America Collision Avoidance System Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Collision Avoidance System Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Collision Avoidance System Demand Share Forecast, 2019-2026
8. Europe Collision Avoidance System Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Collision Avoidance System Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Collision Avoidance System Demand Share Forecast, 2019-2026
9. Asia Pacific Collision Avoidance System Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Collision Avoidance System Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Collision Avoidance System Demand Share Forecast, 2019-2026
10. Middle East & Africa Collision Avoidance System Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Collision Avoidance System Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Collision Avoidance System Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Collision Avoidance System Market: Market Share Analysis
  11.2. Collision Avoidance System Distributors and Customers
  11.3. Collision Avoidance System Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Bosch
     11.4.2. Delphi Automotive
     11.4.3. Continental AG
     11.4.4. Denso Corp.
     11.4.5. TRW automotive Holdings Corp.

Segments Covered in the Report

The global collision avoidance system market has been segmented on the basis of

Applications

  • Parking Assistance
  • Forward Collision Warning System
  • Adaptive Cruise Control
  • Lane Departure Warning System
  • Blind Spot Detection
  • Others

Technology

  • Ultrasound
  • Radar
  • LiDAR
  • Camera

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Bosch
  • Delphi Automotive
  • Continental AG
  • Denso Corp.
  • TRW automotive Holdings Corp.

Key players competing in the global collision avoidance system market are Bosch; Delphi Automotive; Continental AG; Denso Corp.; and TRW automotive Holdings Corp. Companies are focusing on development of 360-degree system surveillance system for enhanced safety. Furthermore, companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

Collision Avoidance System Market keyplayers

For instance, in May 2021, Toyota Motor Corp. is Japanese multinational automotive manufacturer announced a partnership agreement with ZF and Mobileye to develop advanced driver assistance systems (ADAS). The newly developed system is aimed to use in forthcoming multiple vehicle platforms for the Toyota Group. In August 2020, Continental AG manufactured 30 million radar sensors for collision avoidance systems to support the worldwide efforts in making driving safer.

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