The Collision Avoidance System market is expected to grow at a considerable CAGR of around 7.5% during the forecast years. The collision avoidance system is the industrial autonomous system that is useful in avoiding any collision by notifying the operator or automatically taking a decision on itself. These systems are installed in various items including automobiles, planes, trains, ships, and other vehicles to avoid impact. There are several collision avoidance systems in the market such as airborne collision avoidance systems (ACAS), train collision avoidance market (TCAS), ground proximity warning systems (GPWS), and obstacle avoidance systems. The major key factor driving the growth of the global collision avoidance market is expected to be the technological advancement in the industry and the increasing number of road travellers and vehicle safety concerns. For instance, In November 2020, Ride Vision launched a two-wheeler collision avoidance system. This system is an AI-Based safety alert system, it uses image recognition and other AI-based algorithms to indicate the correct vehicle position and memorize the rider behaviour.
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COVID-19 has impacted the global economy due to a slowdown in the manufacturing of various industries. Due to curfew and lockdown globally, the manufacturing facilities are shut for a longer duration impacted. Moreover, the decreased sales in the automobile industry also impacted the demand for collision avoidance systems due to decreased manufacturing of road vehicles.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Collision Avoidance System Market by Technology
- Radar
- Camera
- Ultrasound
- LiDAR
Collision Avoidance System Market by Functionality
- Adaptive Cruise Control (ACC)
- Autonomous Emergency Braking (AEB)
- Parking Assistant
- Lane Departure Warning System
- Other
Collision Avoidance System Market by End-user
- Automotive
- Marine
- Aerospace and Defense
- Railways
- Others
Regional Analysis
- North America
- The US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- LILEE System, Ltd.
- Ride Vision Ltd.
- DENSO Corp.
- General Electric Co.
- Rockwell Automation, Inc.
- Honeywell International Inc.
- Siemens AG
- ALSTOM SA
- Wabtec Corp.
- ZF Friedrichshafen AG
- Knorr-Bremse AG
- Hella GmbH & Co. KGaA
- Becker Mining Systems AG
- Hexagon AB
- Aviation Communication & Surveillance Systems, LLC
- Saab AB
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the Collision Avoidance System market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market
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