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Collision Avoidance System Market Trends

  • Report ID: GMI7374
  • Published Date: Sep 2024
  • Report Format: PDF

Collision Avoidance System Market Trends

The integration of artificial intelligence (AI) and machine learning (ML) into collision avoidance systems is becoming increasingly prevalent. These technologies allow systems to improve decision-making capabilities by learning from vast amounts of data and real-time driving conditions. AI-driven CAS can better detect, predict, and respond to potential collisions with greater accuracy and efficiency. As AI and ML technologies continue to advance, collision avoidance systems are becoming more sophisticated, intelligent, and adaptive, providing safer and more reliable driving experiences.
 

Vehicle-to-Everything (V2X) communication is a growing trend that significantly enhances the effectiveness of collision avoidance systems. V2X enables vehicles to communicate with other vehicles (V2V), infrastructure (V2I), and pedestrians (V2P) to detect potential hazards well in advance. This type of communication is crucial for preventing accidents in complex driving environments, such as urban intersections or highways. As smart cities and connected infrastructure initiatives gain momentum worldwide, V2X technology is becoming a standard feature in modern vehicles, further integrating with collision avoidance systems.
 

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of collision avoidance system was worth around USD 61.3 billion in 2023 and is projected to grow at over 5% CAGR between 2024 and 2032, driven by the rise of autonomous and semi-autonomous vehicles.

The LiDAR collision avoidance system segment held a market share of 34% in 2023 and will grow rapidly through 2032, due to its exceptional accuracy and ability to create detailed, real-time 3D maps of the vehicles surroundings.

North America collision avoidance system market held about 31% revenue share in 2023 and will expand rapidly through 2032, due to stringent vehicle safety regulations and high consumer expectations for advanced safety features.

Delphi Automotive Plc. (Aptiv), Denso Corporation , Hexagon AB , Mobileye N.V., Rockwell Collins Inc. (Collins Aerospace), Wabtec Corporation among others.

Collision Avoidance System Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 288
  • Countries covered: 25
  • Pages: 180
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