The global front collision warning market was worth US$ 2.93 Billion in the year 2022 and is expected to reach US$ 11.28 Billion by the year 2032 at a staggering CAGR of 14.5% between 2022 and 2032.
With growing number of road mishaps, the front collision warning market is expected to grow atrociously in the forecast period.
Front collision warning system is vital for the vehicle drivers as it does monitor speed of the vehicle and renders warning to the driver with regards to impending collision using vibrations, beeps, lights in their seats. They make use of camera, LiDAR, radar, and ultrasonic sensors for detecting traffic ahead of driver.
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As of now, providers of front collision warning system are emphasizing better crash rating systems with various advanced technologies for providing precise information in comparison with historic period for facilitating revenue generation. Vehicles are coming up with these systems in-built for having safety technologies such as automatic emergency braking; which makes it simpler to halt vehicles at the time of emergency.
Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Front Collision Warning Market’. It has its line of expertise to deploy an eagle’s eye view in its primary, secondary, and tertiary modes of research.
“Growing demand for efficient safety mechanisms/technology in the automobiles is expected to take the front collision warning market to a greater ‘high’ in the upcoming period”, says an analyst from Future Market Insights.
Key Takeaways from Front Collision Warning Market
- North America holds the largest market share with the US witnessing higher production as well as sales of the automobiles all through.
- The Asia-Pacific is expected to grow at the fastest rate in the front collision warning market with China leading from the front on the account of rising demand for autonomous vehicles all across. Korea is another country slated to keep the cash registers ringing for the front collision warning market in the upcoming period.
- Europe is led by Germany with it being a hub of the automotive industry and the scenario is expected to remain unchanged even going forward.
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Competitive Warning
- Continental AG, in February 2020, did announce opening of a production plant in the US. The basic objective is that of expanding manufacturing capacity of the radar sensors with regards to advanced driver assistance systems, thereby strengthening the foothold on the whole.
- The other players in front collision warning market include Robert Bosch GmbH, Delphi Automotive, ZF Friedrichshafen, Autoliv Inc., Denso Corporation, Magna International, Gentex Corporation, Mobileye, Siemens, Honeywell International Inc., BorgWarner Inc., and likewise.
What does the Report state?
- The research study is based on technology (ultrasonic sensor, LiDAR sensor, radar sensor, camera sensor, infrared sensor, and pressure sensor), sales channel (aftermarket and OEM), and vehicle type (passenger vehicles, LCVs, and HCVs).
- With autonomous vehicles in greater demand in Europe, North America, East Asia, and likewise, the global front collision warning market is expected to witness grandeur in the forecast period.
Front Collision Warning Market by Category
By Technology:
- Ultrasonic Sensor
- Lidar Sensor
- Radar Sensor
- Camera Sensor
- Infrared Sensor
- Pressure Sensor
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By Sales Channel:
- OEM
- Aftermarket
By Vehicle Type:
- Passenger Vehicles
- LCV
- HCV
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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