Collision Avoidance System Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Forward Collision Warning, Reverse Collision Warning, Adaptive Cruise Control, Multi-Collision Brake, Others), By Technology (Radar, LiDAR), By Industry Vertical (Automotive, Material Handling, Aerospace And Defense, Others), And By Geography - Forecasts From 2022 To 2027

The market for collision avoidance systems is anticipated to increase at a CAGR of 9.34%, from US$10.997 billion in 2020 to US$20.542 billion by 2027.

Safety systems that are used to lessen the severity of an accident include collision avoidance systems. These systems are mostly used in the mining, construction, and automotive industries, among others. A collision avoidance system uses lasers, cameras, radars, LIDAR, and sensors to detect impending collisions and warn the driver. The rise in traffic accidents worldwide is the main factor driving the market for collision avoidance technologies. The rising focus on worker safety in industries like material handling is increasing the demand for collision avoidance technologies. The high cost of these systems, however, is preventing widespread adoption and preventing further industry expansion.

Growing number of traffic crashes, rising efforts of Government and market players to fuel market expansion

There seem to be more accidents and rush-hour traffic because of a range of factors, such as driver distraction, fatigue, and lack of coordination, among others, which can result in collisions and endanger other people's lives. Collision avoidance technologies that may either help the driver avoid a collision or can prevent a collision on both the front and backward sides of the vehicle are thus becoming more and more necessary. The global market for collision avoidance systems is also being driven by decreased insurance premiums for vehicles incorporating these systems.

By introducing new regulations and programmes, the government is working harder to reduce the number of traffic accidents and improve public safety. The government is working harder to lessen the incidence of traffic accidents and increase public safety by enacting new programmes and rules that must be obeyed. The global market for collision avoidance systems is expanding as a result of increased awareness among governments in various areas, which is encouraging the installation of collision avoidance systems in trains, airplanes, and submarines. In addition, an increasing number of industry players are creating and launching new and enhanced items to suit the escalating demand from the automobile industry, which will aid in reducing accident rates, bolster their market share, and promote market expansion.

Key Developments:

• March 2022: Leading mobility provider DENSO recently revealed that it has created the Global Safety Package 3*1, an active safety system intended to increase vehicle safety by enhancing their environment-sensing abilities. The Global Safety Package helps the driver operate the car securely by combining the capabilities of a millimeter-wave radar sensor and vision sensor. The vision sensor makes use of a camera to detect the surroundings in front of the car, while the millimeter-wave radar sensor makes use of radar to detect the forms of road objects, such as vehicles and guardrails. The millimeter-wave radar sensor aids in preventing collisions at junctions, whether with other cars or pedestrians, thanks to its broader detection angle, longer detection range, and increased speed resolution. The Vision sensor has a greater range to identify road objects in front of the car and a broader horizontal field of view to aid with collision avoidance at intersections. This facilitates lane changes and adaptive cruise control across a wider speed range.
• July 2022: A new generation dual-use laser anti-collision system for small to medium-sized rotorcraft has been introduced by Leonardo. The 13kg LOAM-V2 (Laser Obstacle Avoidance and Monitoring) system has a small form factor and can identify small obstructions in the way of a flight path, like cables with a diameter of 5 mm, and alert the crew to take evasive action. The device functions as a radar-laser (LADAR), scanning the region close to the flight route to gather current data on the terrain and potential obstructions. The data is then processed to deliver audible and visual alerts. The 13kg LOAM-V2 has a small form factor. The system's behavior changes to provide up to 3600 coverage when flying slowly. The active laser can be integrated with systems based on static databases of barriers and digital maps, as well as other sensors like radars and visible or infrared video cameras.

Product Offerings:

• Toyota Safety SenseTM: The Toyota Safety SenseTM package of active safety features is a feature that comes standard on many Toyota automobiles. These cutting-edge features aim to provide drivers with peace of mind while also helping to protect passengers from harm. This Toyota model has an invisible laser and a front-facing camera with the Pre-Collision System. These parts are used to calculate the distance between the vehicle and the object in front of it. The speed is taken into consideration by the system when determining the likelihood of a collision. Toyota will issue an audiovisual alert to warn one of the hazards if it decides that a collision is likely. The Toyota Pre-Collision System may apply the brakes if the driver does not slow down or stop their car after receiving an alert.
• TailGUARD Reversing Collision Avoidance System: TailGUARDTM is a reverse collision avoidance system with automatic braking. It is made to identify tiny, big, stationary, and moving objects in the blind zone behind the car, halting the car at a safe distance and assisting in accident avoidance. When reversing, sensors are activated to monitor the area six feet behind the car and, if the brake is not applied at two feet from an obstacle, automatically apply the brakes.

Collision Avoidance System Market Scope:

Segmentation

• By Type
  • Forward Collision Warning
  • Reverse Collision Warning
  • Adaptive Cruise Control (ACC)
  • Multi-Collision Brake
  • Others
• By Technology
  • Radar
  • LiDAR
• By Industry Vertical
  • Automotive
  • Material Handling
  • Aerospace and Defense
  • Others
• By Geography
  • North America
    • USA
    • Mexico
    • Canada
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

Frequently Asked Questions (FAQs)

Q1. What will be the collision avoidance system market size by 2027?
A1. The collision avoidance system market is anticipated to reach a market size of US$20.542 billion by 2027.

Q2. What is the size of the collision avoidance system market?
A2. Collision Avoidance System Market was valued at US$10.997 billion in the year 2020.

Q3. What are the growth prospects for the collision avoidance system market?
A3. The global collision avoidance systems market is anticipated to grow at a CAGR of 9.34% over the forecast period.

Q4. Which region holds the largest share of the collision avoidance system market?
A4. Europe holds the largest share of the global collision avoidance system market owing to the widespread use of these systems in EU member states and the existence of laws requiring their use.

Q5. What factors are anticipated to drive the collision avoidance system market growth?
A5. The collision avoidance system market growth is primarily driven by the increase in traffic accidents around the world.