The Forward Collision Warning System For Automotive Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Forward Collision Warning System For Automotive Global Market Report 2024, The forward collision warning system for automotive market size has grown rapidly in recent years. It will grow from $30.73 billion in 2023 to $34.45 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to increasing awareness of road safety, consumer demand for safety features, rising number of road accidents, government initiatives for road safety, increased vehicle production, integration with advanced driver assistance systems..
The forward collision warning system for automotive market size is expected to see rapid growth in the next few years. It will grow to $53.55 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to continued emphasis on vehicle safety ratings, global expansion of adas market, regulatory mandates, insurance industry collaboration, urbanization and traffic congestion, development of customizable warning alerts.. Major trends in the forecast period include integration with advanced driver assistance systems (adas), collision mitigation and autonomous emergency braking (aeb), pedestrian detection and cyclist detection, multi-sensor fusion technology, improved false alarm reduction, adoption of v2x communication..
The rising incidences of road accidents are driving the growth of forward collision warning systems for the automotive market. Road accident causes injury or death due to crashes originating from vehicles. Road accidents can be avoided with the implementation of collision warning systems in vehicles. It analyzes the speed of the car and gives warning lights and images if a collision is detected. For instance, in 2021, according to the U.S. Department of Transportation’s National Highway Traffic Safety Administration, it displayed the biggest six-month growth in the Fatality Analysis Reporting System’s history. In the first half of 2021, a projected 20,160 people died in car accidents, an increase of 18.4% from the previous year. Most fatalities are anticipated throughout that time period than at any point since 2006. In the first half of 2021, more than 20,000 people lost their lives on American highways. Therefore, rising incidences of road accidents are expected to propel the growth of forward collision warning systems for the automotive market.
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The forward collision warning system for automotive market covered in this report is segmented –
1) By Type: Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Lane Departure Warning System (LDWS), Parking assistance, Other Types
2) By Technology: LIDAR, Radar, Camera, Ultrasonic, Other Technologies
3) By Sales Channel: OEM, Aftermarket
4) By Application: Aerospace & Defense, Marine, Rail, Automotive
Top Major Players:
Velodyne LiDAR Inc.
Gentex Corporation
ZF Friedrichshafen AG
Continental AG
Denso Corporation
North America was the largest region in the forward collision warning system for the automotive market in 2023.
Technological advancements are a key trend gaining popularity in collision warning systems for the automotive market. Many companies operating in collision warning systems for the automotive industry are developing new products or new technologies to gain a competitive advantage in the market. For instance, in 2021, Mobileye, an Israel-based developer of vision-based advanced driver assistance systems, launched an AI-based collision avoidance technology that identifies potential hazards and alerts drivers in real-time. This technology continuously monitors the road ahead and warns the driver a few seconds before a potential collision, thus avoiding any occurrence of collision for the automotive.
The forward collision warning system for automotive market report table of contents includes:
1. Executive Summary
2. Form-Fill-Seal Equipment Market Characteristics
3. Form-Fill-Seal Equipment Market Trends And Strategies
4. Form-Fill-Seal Equipment Market – Macro Economic Scenario
5. Global Form-Fill-Seal Equipment Market Size and Growth
….……
31. Global Form-Fill-Seal Equipment Market Competitive Benchmarking
32. Global Form-Fill-Seal Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Form-Fill-Seal Equipment Market
34.Form-Fill-Seal Equipment Market Future Outlook and Potential Analysis
35. Appendix
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