How Has the Pre Collision Technology Market Evolved Historically and What is its Current Size?
The pre collision technology market has seen considerable growth due to a variety of factors.
• The market size for pre-collision technology has experienced a swift expansion in the previous years. The market is set to expand from $56.56 billion in 2024 to $62.48 billion in 2025, showing a compound annual growth rate (CAGR) of 10.5%.
The historical growth is largely due to advancements in forward collision warning, automatic emergency braking, lane departure warning, blind spot detection, and collision avoidance systems.
What is the Forecasted Market Size and CAGR for the Pre Collision Technology Market?
The pre collision technology market is expected to maintain its strong growth trajectory in upcoming years.
• It is projected that the pre-collision technology market will experience robust expansion in the forthcoming years. The market size is expected to escalate to $87.41 billion by 2029, growing at a compounded annual growth rate (CAGR) of 8.8%.
This expected growth during the forecast period can be ascribed to advancements in driver-assistance systems, connected vehicle technology, vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, as well as the electrification and weight reduction of autonomous vehicles. Enhanced sensor fusion, AI-driven collision foresight, detection of pedestrians and cyclists, integration of adaptive cruise control, and ongoing software enhancements and updates constitute the major trends for the forecast period.
What Key Factors and Trends Are Driving The Growth Pre Collision Technology Market?
The pre-collision technology market is expected to expand due to the escalating demand for self-driving cars. Autonomous vehicles can operate independently by sensing their environment, without any human control. These cars employ pre-collision technology, using cameras, sensors, radars, and software, to anticipate and minimize potential crashes, contributing to a safer and accident-free driving experience. Projected data for 2022 released by the Insurance Institute for Highway Safety, a US-based independent, nonprofit scientific and educational organization, suggests that approximately 3.5 million autonomous cars are expected to ply on US roads by 2025, and this figure is expected to rise to 4.5 million by 2030. Moreover, by 2040, it is anticipated that 75% of all cars worldwide will be autonomous. Therefore, the growing demand for autonomous vehicles is fueling the progress of the pre-collision technology market.
What Are The Market Segments In The Pre Collision Technology Market?
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
Subsegments:
1) By Parking Assistance: Rear Parking Sensors, Front Parking Sensors, 360-Degree Camera Systems
2) By Lane Departure Warning System (LDWS): Lane Keeping Assist, Lane Departure Prevention
3) By Autonomous Emergency Braking (AEB): Forward Collision Warning (FCW), Automatic Emergency Braking (AEB) With Pedestrian Detection
4) By Adaptive Cruise Control (ACC): Standard Adaptive Cruise Control, Dynamic Radar Cruise Control
5) By Other Products: Blind Spot Detection Systems, Cross Traffic Alert Systems
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How Are Emerging Trends Reshaping The Dynamics Of The Pre Collision Technology Market?
Leading firms in the pre-collision technology market are focusing on the development of technologically superior products like collision avoidance systems to solidify their market presence. Collision avoidance systems are safety tools designed to avoid or reduce the impact of accidents. One such example is the Generation 3 Collision Avoidance System (CAS) unveiled by the US-based Wabtec Corporation in June 2023. The company, which provides equipment, systems, and digital solutions, designed the Generation 3 CAS with a simplified, clear user interface and voice alerts based on context using the newest principles of human factor design. The new system substitutes old, analog beep-and-buzzer technology with intelligent, distinct, guided, and auditory signals. It enables operators to function without distractions, facilitating immediate response to auditory alerts. The upgraded system will enhance safety and productivity, offering the highest degree of performance through its rule-based and intelligent features.
Who Are the Key Players In The Pre Collision Technology Market?
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
What Are The Regional Insights Into The Pre Collision Technology Market?
North America was the largest region in the pre-collision technology market in 2024. 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.
