Automotive Front

Aug 12, 2023

WILMINGTON, DE / ACCESSWIRE / April 13, 2023 / Transparency Market Research Inc. - The global automotive front-end collision warning system market is anticipated to grow at an impressive 11.7% CAGR from 2023 to 2031. By end of the forecast period, a valuation of US$ 11.7 billion is anticipated.

The growth in sales of sports utility vehicles (SUVs) and high-end luxury & utility vehicles, and rising demand for automated vehicles are driving growth in the automotive front-end collision warning system market.

In addition, increasing norms for automotive safety, electronic integration in automobiles, and installation of advanced driver assistance and monitoring systems in passenger cars are anticipated to fuel the product demand during the forecast period.

The prevention of frontal and side-impact, electronic stability control, protection for pedestrians, seat belts, and ISOFIX child restraint anchorage points are among the minimum basic safety regulations for automotive manufacturers and industries. Due to this, there is a growing trend in considering safety as a primary component, which is further expected to fuel the market expansion.

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The Insurance Institute for Highway Safety (IIHS) of the National Highway Traffic Safety Administration (NHTSA) recently declared that around 99% of automobile manufacturers in the United States have agreed to integrate automatic emergency braking (AEB) systems as a standard safety feature on all new vehicles by end of 2022. This is expected to escalate the product sales. Along with this, customers' growing knowledge is augmenting the demand for vehicles with auto-pilot and advanced safety systems which is further expected to support market expansion.

Market Snapshot:

Report Coverage

Details

Market Revenue

USD 4.3 Bn

Estimated Value

USD 11.7 Bn

Growth Rate - CAGR

11.7 %

Forecast Period

2023-2031

No. of Pages

190 Pages

Market Segmentation

Component, System Type, Technology, Vehicle Type, Propulsion

Regions Covered

North America, Europe, Asia Pacific, Middle East & Africa, South America

Companies covered

Alstom, Autoliv, Becker Mining Systems, Continental AG, Delphi Technologies, Denso Corporation, General Electric, Hexagon AB, Honeywell International, Magna International Inc., Mobileye N.V, Robert Bosch GmbH, Siemens, Wabtec Corporation, ZF Friedrichshafen (TRW), Other Key Players

Key Takeaways from the Market Report

The global automotive front-end collision warning system market is expected to be worth US$ 4.81 billion as of 2023.

From 2023 to 2031, the market is expected to grow with a CAGR of 11.7%.

Burgeoning demand for automatic vehicles is fueling the demand for automobile front-end collision avoidance systems.

Growing concerns about automotive safety standards and integration of electronics in vehicles will drive market growth.

By System type, the parking assistance segment is expected to be highest contributor to the market and is projected to grow at a CAGR of 11.5% during the assessment period.

Automotive Front-end Collision Warning System Market: Growth Drivers & Trends

The growing adoption of tech-superior driver assistance features like brake assists, lane departure warning, forward collision warning, automatic braking, pedestrian detection, adaptive cruise control (ACC), blind-spot detection, automatic high beams, and backup cameras in all standard cutting-edge vehicles are expected to boost the product demand.

Automakers across the globe are heavily investing in research and development activities and are including cutting-edge features like warning, monitoring, steering, and braking to stand out their products from their competitors due to the surging demand for autonomous vehicles. This is expected to open up new space for innovations in products, which will fuel market expansion.

Government laws and regulations imposed on automobile manufacturing are further proliferating product sales. For an instance, in 2020, Europe and the United States made the installation of automotive emergency braking and front-end collision avoidance/warning systems compulsory in passenger cars and all commercial vehicles up to a specific level.

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Automotive Front-end Collision Warning System Market: Regional Analysis

Europe is expected to dominate the automotive front-end collision avoidance system by accumulating over 42% market share by end of the forecast period.

Factors such as thriving growth in the aerospace & defense industry, stringent governmental regulations, and expanding automotive industry. Rising extensive studies on collision warning and avoidance systems in the region are supporting the market expansion.

The market in Asia-Pacific is expected to a high growth of 11.4% during the forecast period. The faster adoption rate among consumers is driving regional growth.

Several Original Equipment Manufacturers (OEMs) are now incorporating parking assist systems in mid and small-segment cars which were earlier installed on luxury cars only to create a differentiating factor from other OEMs.

Automotive Front-end Collision Warning System Market: Prominent Players

The global Automotive Front-end Collision Avoidance/Warning System Market is characterized by the presence of numerous regional as well as global entities. Some key automotive front-end collision warning system service providers profiled by TMR include:

Alstom

Autoliv

Becker Mining Systems

Continental AG

Delphi Technologies

General Electric

Denso Corporation

Hexagon AB

Honeywell International

Magna International Inc.

Mobileye N.V

Robert Bosch GmbH

Siemens

Wabtec Corporation

ZF Friedrichshafen (TRW)

Prominent developments in the Automotive Front-end Collision Warning System domain by key players are as follows:

In January 2021, Denso Corporation collaborated with Aeva, a United States-based perception and LIDAR systems company, to advance in creating next-generation sensing and perception systems.

In February 2021, Continental AG bought shares in Artificial Intelligence chip startup Recogni, to develop a chip that will help ADAS systems in real-time recognition of objects.

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Automotive Front-end Collision Warning System Market- Key Segments

By Component

DC Motor

Sensor

Camera

Electronic Control Unit

Others

By System Type

Adaptive Cruise Control (ACC)

Autonomous Emergency Braking (AEB)

Lane Departure Warning Systems (LDWS)

Electronic Stability Control (ESC)

Driver Monitoring System (DMS)

Parking Assistance

Others

By Technology

LIDAR

Radar

Ultrasonic

Others

By Vehicle Type

Passenger Cars

Hatchback

Sedan

Utility Vehicles

Light Commercial Vehicles

Heavy Duty Trucks

Buses and Coaches

By Propulsion

IC Engine

Gasoline

Diesel

Electric

Battery Electric Vehicle (BEV)

Hybrid Electric Vehicle (HEV)

Plug-In Hybrid Electric Vehicle (PHEV)

By Region

North America

Asia Pacific

Europe

South America

Middle East & Africa

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