The Pre-Collision Technology 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 Pre-Collision Technology Global Market Report 2024, The pre-collision technology market size is expected to see strong growth in the next few years. It will grow to $80.52 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to advanced driver-assistance systems, connected vehicle technology, vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, autonomous vehicles electrification and lightweighting. Major trends in the forecast period include enhanced sensor fusion, AI-powered collision prediction, pedestrian and cyclist detection, adaptive cruise control integration, continuous software updates and improvements.
Increasing demand for autonomous vehicles is expected to propel the growth of the pre-collision technology market going forward. An autonomous vehicle, or self-driving automobile, is a vehicle that can sense its surroundings and operate without human intervention. Pre-collision technology is used in autonomous cars to detect and mitigate possible collisions by utilizing cameras, sensors, radar, and software to increase safety and avoid accidents. For instance, in 2022, according to the Insurance Institute for Highway Safety, a US-based independent, nonprofit scientific, and educational organization, it is estimated that around 3.5 million self-driving vehicles are expected to be on US roads by 2025 and 4.5 million by 2030. Additionally, it is estimated that 75% of cars on the roads in the world are expected to be autonomous by 2040. Therefore, increasing demand for autonomous vehicles is driving the pre-collision technology market.
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The pre-collision technology market covered in this report is segmented –
1) By Product: Parking Assistance, Lane Departure Warning System (LDWS), Autonomous Emergency Braking (AEB), Adaptive Cruise Control (ACC), Other Products
2) By Technology: Camera, Ultrasonic, Radio Detection And Ranging (RADAR), Light Detection And Ranging (LiDAR), Other Technologies
3) By Application: Automotive, Aviation, Railway, Mining, Marine, Other Applications
Major companies operating in the pre-collision technology market are focused on technologically advanced products, such as collision avoidance systems, to strengthen their position in the market. A collision avoidance system is a piece of safety equipment meant to prevent or lessen the severity of a collision. For instance, in June 2023, Wabtec Corporation, a US-based company that offers equipment, systems, and digital solutions, launched the Generation 3 Collision Avoidance System (CAS). The Generation 3 CAS has a new, cleaner, and plainer user interface and context-based voice alerts created with the most recent human factor design principles. It replaces beeps-and-buzzer analog technology with smart, discrete, directed, and auditory alerts. This interface allows operators to operate without distractions and respond immediately to auditory notifications. The new system will improve safety and productivity while also providing the latest level of performance through its rules and intelligence capabilities.
The pre-collision technology market report table of contents includes:
- Executive Summary
- Pre-Collision Technology Market Characteristics
- Pre-Collision Technology Market Trends And Strategies
- Pre-Collision Technology Market – Macro Economic Scenario
- Global Pre-Collision Technology Market Size and Growth
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- Global Pre-Collision Technology Market Competitive Benchmarking
- Global Pre-Collision Technology Market Competitive Dashboard
- Key Mergers And Acquisitions In Pre-Collision Technology Market
- Pre-Collision Technology Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Toyota Motor Corporation
- Robert Bosch GmbH
- Siemens AG
- General Electric Company
- Hitachi Automotive Systems
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