How much is the collision avoidance system market worth?

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.

Why is the demand for LiDAR collision avoidance system rising?

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.

Why is the collision avoidance system industry growing rapidly in North America?

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.

Who are the major collision avoidance system industry players?

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

Collision Avoidance System Market Share

Report ID: GMI7374

Published Date: September 2024

Report Format: PDF

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Collision Avoidance System Market Share

Robert Bosch GmbH, Delphi Automotive Plc. (Aptiv) and General Electric Company collectively hold a significant market share of around 27% in the Collision Avoidance System industry, due to their strong brand reputations, extensive product portfolios, and global reach. These companies have a long-standing presence in the construction equipment industry, allowing them to leverage decades of experience, technological innovation, and deep customer relationships.

Their products are known for reliability, efficiency, and advanced features, which meet the diverse needs of large-scale infrastructure projects across different regions. Additionally, their ability to offer comprehensive after-sales support, financing options, and integrated solutions enhances customer loyalty and market penetration.

Collision Avoidance System Market Companies

The major players operating in the collision avoidance system industry are:

Delphi Automotive Plc. (Aptiv)
Denso Corporation
Hexagon AB
Mobileye N.V.
Rockwell Collins Inc. (Collins Aerospace)
Wabtec Corporation
Robert Bosch GmbH.

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Question(FAQ) :

How much is the collision avoidance system market worth?: 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.
Why is the demand for LiDAR collision avoidance system rising?: 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.
Why is the collision avoidance system industry growing rapidly in North America?: 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.
Who are the major collision avoidance system industry players?: Delphi Automotive Plc. (Aptiv), Denso Corporation , Hexagon AB , Mobileye N.V., Rockwell Collins Inc. (Collins Aerospace), Wabtec Corporation among others.

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Authors: Preeti Wadhwani, Satyam Jaiswal

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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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Collision Avoidance System Market Share

Collision Avoidance System Market Share

Collision Avoidance System Market Companies

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