A collision avoidance system (CAS), also known as a pre-crash system, forward collision warning system (FCW), or collision mitigation system, is an advanced driver-assistance system designed to prevent or reduce the severity of a collision. In its basic form, a forward collision warning system monitors a vehicle's speed, the speed of the vehicle in front of it, and the distance between the vehicles, so that it can provide a warning to the driver if the vehicles get too close, potentially helping to avoid a crash. Various technologies and sensors that are used include radar (all-weather) and sometimes laser (LIDAR) and cameras (employing image recognition) to detect an imminent crash. GPS sensors can detect fixed dangers such as approaching stop signs through a location database. Pedestrian detection can also be a feature of these types of systems. Collision avoidance systems range from widespread systems mandatory in some countries, such as autonomous emergency braking (AEB) in the EU, agreements between carmakers and safety officials to make crash avoidance systems eventually standard, such as in the U.S., to research projects including some manufacturer-specific devices.

Market Dynamics:

An increase in demand for automated vehicles plays a vital role that is boosting the Global Automotive Collision Avoidance System Market.

According to the Insurance Institute for Highway Safety (IIHS), when a collision-avoidance system was mounted in their car, 62 percent of drivers paid more attention to the road and used turn signals more frequently. The introduction of new advanced collision avoidance systems such as Forward collision warning systems (FCW), Lane departure warning systems, Pedestrian detection systems, and automatic braking systems are increasing the demand of the market. Automated driving technologies have advanced significantly in recent years (ADS). Some of today's automobiles have adapted to automatic operations. Furthermore, concept vehicles capable of self-driving have been tested and studied on public roads in Japan, Europe, and the United States. Congestion is minimized, protection is increased, and car passengers experience less tension as a result of the automated device.

As a result of the presence of such features, demand for automated vehicles is increasing, supplementing the growth of the collision avoidance device industry. Increased vehicle safety standards and electronic convergence, on the other hand, are expected to generate further business growth opportunities. However, high installation costs, on the other hand, restrict continuous growth to a greater extent. The report has profiled twenty-five key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimating its size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, and trusted vendors are analysis and report has come up with recommendations for a future hot spot in North America. Major countries’ policies regarding manufacturing and their impact on Collision Avoidance System demand are covered in the report.

Key features of the study:

• This report provides an in-depth analysis of the global Automotive Collision Avoidance System Market , and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the Global Automotive Collision Avoidance System Market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Alstom SA, Autoliv, Inc., Denso Corporation, General Electric Company, Hexagon AB, Honeywell International, Inc., Robert Bosch GmbH, Rockwell Collins, Inc., Siemens AG, and Wabtec Corporation
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global Automotive Collision Avoidance System Market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Automotive Collision Avoidance System Market
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• Global Automotive Collision Avoidance System Market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global Automotive Collision Avoidance System Market.

Detailed Segmentation:

• Global Automotive Collision Avoidance System Market , By Device Type
  • Adaptive Cruise Control (ACC)
  • Autonomous Emergency Braking (AEB)
  • Blind Spot Detection (BSD)
  • Driver Monitoring System (DMS)
  • Electronic Stability Control (ESC)
  • Lane Departure Warning (LDW)
  • Night Vision (NV)
  • Tire Pressure Monitoring System (TPMS)
• Global Automotive Collision Avoidance System Market , By Technology Type
  • Radar
  • LiDAR
  • Camera
  • Ultrasonic
• Global  Automotive Collision Avoidance System Market , By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • Alstom SA. 
  • Autoliv, Inc.
  • Denso Corporation
  • General Electric Company
  • Hexagon AB
  • Honeywell International, Inc.
  • Robert Bosch GmbH
  • Rockwell Collins, Inc.
  • Siemens AG
  • Wabtec Corporation