PUBLISHER: The Business Research Company | PRODUCT CODE: 1458727
PUBLISHER: The Business Research Company | PRODUCT CODE: 1458727
Pre-collision technology, also referred to as collision avoidance technology, is an advanced driver-assistance system (ADAS) developed to prevent or lessen the severity of collisions. It integrates sensors, cameras, radar, and software in vehicles to detect potential collisions, alert the driver, or intervene to avoid or minimize the impact of a collision.
The primary components and products in pre-collision technology include parking assistance, the Lane Departure Warning System (LDWS), autonomous emergency braking (AEB), and adaptive cruise control (ACC). Parking assistance assists drivers in parking safely by using sensors and cameras to determine the best parking approach. These technologies utilize various sensor technologies such as cameras, ultrasonics, radar, LiDAR, and others, and are applied in automotive, aviation, railway, mining, marine, and other industries.
The pre-collision technology research report is one of a series of new reports from The Business Research Company that provides pre-collision technology market statistics, including the pre-collision technology industry's global market size, regional shares, competitors with an Pre-collision technology market share, detailed pre-collision technology market segments, market trends and opportunities, and any further data you may need to thrive in the pre-collision technology industry. This pre-collision technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The pre-collision technology market size has grown rapidly in recent years. It will grow from $51.04 billion in 2023 to $56.56 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The historic growth in the automotive safety systems market can be attributed to the increasing adoption of advanced safety features such as forward collision warning, automatic emergency braking, lane departure warning, blind spot detection, and collision avoidance systems.
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 forecasted growth 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, and continuous software updates and improvements.
The growth of the pre-collision technology market is expected to be propelled by the increasing demand for autonomous vehicles. Autonomous vehicles, also known as self-driving automobiles, can sense their surroundings and operate without human intervention. Pre-collision technology plays a crucial role in autonomous cars by detecting and mitigating potential collisions using cameras, sensors, radar, and software to enhance safety and prevent accidents. For example, the Insurance Institute for Highway Safety estimates that approximately 3.5 million self-driving vehicles will be on US roads by 2025 and 4.5 million by 2030. Furthermore, it is projected that 75% of vehicles worldwide will be autonomous by 2040. As the demand for autonomous vehicles rises, so does the demand for pre-collision technology, driving the growth of the market.
Major companies in the pre-collision technology market are focusing on technologically advanced products, such as collision avoidance systems, to enhance their market position. Collision avoidance systems are safety equipment designed to prevent or reduce the severity of collisions. For example, in June 2023, Wabtec Corporation launched the Generation 3 Collision Avoidance System (CAS). This system features a new, cleaner user interface and context-based voice alerts developed using the latest human factor design principles. It replaces traditional beeps-and-buzzer analog technology with smart, discreet, directed auditory alerts, allowing operators to stay focused and respond promptly to notifications. The new system aims to improve safety and productivity by incorporating the latest rule and intelligence capabilities.
In December 2022, Epiroc AB, a Sweden-based manufacturer of mining and infrastructure equipment, acquired Mernok Elektronik Pty Ltd. for an undisclosed sum. This acquisition will strengthen Epiroc's position as the global leader in automation and protection solutions for the mining industry. Mernok Elektronik Pty Ltd., based in South Africa, specializes in providing innovative collision avoidance technologies for mining operations.
Major companies operating in the pre-collision technology market report are Toyota Motor Corporation, Robert Bosch GmbH, Siemens AG, General Electric Company, Hitachi Automotive Systems, Panasonic Corporation, Denso Corporation, Qualcomm Technologies Inc., ZF Friedrichshafen AG, Continental AG, Hyundai Mobis, Magna International Inc., Mitsubishi Electric Corporation, Honeywell International Inc., Valeo SA, Texas Instruments Incorporated, Collins Aerospace, Aptiv PLC, Alstom SA, Infineon Technologies AG, NXP Semiconductors, Renesas Electronics Corporation, Autoliv Inc., Wabtec Corporation, Garmin Ltd., Pioneer Corporation, Mobileye, Delphi Automotive PLC
North America was the largest region in the pre-collision technology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pre-collision technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the pre-collision technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The pre-collision technology market consists of revenues earned by entities by providing services such as forward collision warning, automatic emergency braking, collision avoidance assist, pedestrian detection, road sign assist, and cross-traffic alert. The market value includes the value of related goods sold by the service provider or included within the service offering. The pre-collision technology market also includes sales of forward-facing cameras, radar systems, lidar, ultrasonic sensors, electronic control units (ECUs), and actuators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Pre-Collision Technology Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pre-collision technology market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pre-collision technology? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The pre-collision technology market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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