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), By Technology Type:( Radar, LiDAR, Camera, Ultrasonic) and By Geography (North America, Europe, Latin America, Asia pacific, Middle east and Africa)

Published In : Jun 2023

Code : CMI1128

Pages :180

Formats :

Excel and PDF

Industry : Automotive and Transportation

Automotive Collision Avoidance System MarketSize and Trends

Global Automotive Collision Avoidance System Market size was valued at US$ 62.7 Billion in 2022, exhibiting a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030.

Collision avoidance systems are safety systems that are used for reducing the severity of an accident. These systems are increasingly being deployed in various applications such as aerospace, marine, industrial robotics, and unmanned autonomous vehicles to ensure enhanced safety. Collision avoidance system primarily integrates radar, rear and front-mounted cameras, and ultrasonic sensors to constantly monitor the vehicular traffic ahead and behind the vehicle immediately. The system constantly scans the immediate surroundings of the vehicle and alerts the driver if it detects any impending collision or if the vehicle veers off the road. If the driver fails to respond, it may deploy emergency brakes to avert a collision. Increasing installation of sensor technology in automotive vehicles and increasing road accidents are some of the major factors driving the growth of the global automotive collision avoidance system market.

Global Automotive Collision Avoidance System Market- Trends

Increasing Demand for ADAS

The advanced driver assistance system (ADAS) market is expected to register huge growth 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. Government norms and policies are also boosting the sales of the ADAS market. US and European authorities have made installing automotive emergency braking (AEB) and forward collision avoidance/warning systems mandatory up to a certain level in both passenger cars and all commercial vehicles from 2020.

In January 2021, Aptiv PLC launched its next-generation ADAS platform. It formalizes the interfaces for sensors and feature functions. The platform enables extensive reuse of base

software components, lowering development costs. It works flawlessly with a zonal

architecture in which I/O and compute are separated.