Collision Avoidance System Market 2023-2032; Growth Forecast & Industry Share Report

Collision avoidance system market size is projected to expand at over 5% CAGR from 2023 to 2032. The increasing concerns about road safety, regulatory initiatives for mandating advanced safety features, and the rising adoption of autonomous vehicles is driving the demand for collision avoidance systems. The growing number of vehicles on roads is propelling the higher need to mitigate accidents and reduce fatalities. For instance, in April 2022, global technology company ZF launched its new City Bus Collision Mitigation System (CMS), designed to actively prevent head-on collisions with vehicles, bicycles, and pedestrians.

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Based on technology, the industry value from the radar-based systems segment is estimated to rise at substantial CAGR through 2032, owing to their effectiveness in detecting and responding to potential collisions. Radar-based systems offer reliable performance in various environmental conditions, emerging crucial for advanced driver assistance systems. In addition, the increasing demand for enhanced safety features in vehicles and the ongoing technological advancements will also boost the segment growth.

Collision avoidance system market share from the aviation application segment is estimated to experience significant CAGR through 2032, driven by the increasing need for air traffic safety. The rising volume of air traffic, emergency of stringent regulatory standards, and the growing focus on preventing mid-air collisions will also drive the adoption of advanced collision avoidance systems in the aviation sector.

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Regionally, the Middle East & Africa collision avoidance system industry is slated to expand at rapid pace between 2023 and 2032. The growth can be attributed to the rising urbanization and infrastructure development. The increasing focus on road safety measures is leading to the higher adoption of advanced driver assistance systems in vehicles. The growing efforts by several governments to prioritize safety solutions will also boost the regional market expansion.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Collision avoidance system market 360ยบ synopsis, 2018 - 2032

2.2    Business trends

2.3    Regional trends

2.4    Device trends

2.5    Technology trends

2.6    Application trends

Chapter 3   Collision Avoidance System Industry Insights

3.1    Impact of COVID-19

3.2    Industry ecosystem analysis

3.3    Vendor matrix

3.4    Profit margin analysis

3.5    Technology & innovation landscape

3.6    Patent analysis

3.7    Key news and initiatives

3.7.1    Partnership/Collaboration

3.7.2    Merger/Acquisition

3.7.3    Investment

3.7.4    Product launch & innovation

3.8    Regulatory landscape

3.9    Impact forces

3.9.1    Growth drivers

3.9.1.1   Rise in the production of connected and autonomous vehicles

3.9.1.2   High focus on technological advancements

3.9.1.3   Reduction in insurance costs

3.9.1.4   Safety and regulatory compliance

3.9.2    Industry pitfalls & challenges

3.9.2.1   Increasing environmental regulations

3.9.2.2   Interference from other vehicles or electronic devices can lead to false detections

3.10    Growth potential analysis

3.11    Porter’s analysis

3.12    PESTEL analysis

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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