The global front collision warning market is currently valued at around USD 2,925.0 Million and is anticipated to progress at a CAGR of 14.5% to reach USD 11,282.8 Million by the year 2032. A front collision warning (FCW) system scans the road ahead and is designed to warn the driver about any impending obstacle or any other vehicle or object in the path of the moving vehicle.
| Attribute | Details |
|---|---|
| Front Collision Warning Market Base Year Value (2021A) | USD 2,581.9 Million |
| Front Collision Warning Market Estimated Year Value (2022E) | USD 2,925.0 Million |
| Front Collision Warning Market Projected Year Value (2032F) | USD 11,282.8 Million |
| Value CAGR (2022 to 2032) | 14.5% |
| Collective Value Share: Top 3 Countries (2022E) | 50.7% |
FMI forecasts that the front collision warning market is projected to register year-on-year growth of 13.3% in 2022. The surging use of adaptive control systems as a safety feature in vehicles is increasing the demand for these systems in various countries. Considering this, FMI has projected the market to reach 36.4 Million units in terms of volume by 2032.
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The demand for front collision warning systems grew at 8.9% CAGR between 2017 and 2021. The increasing demand for autonomous vehicles in developed regions like North America, Europe, East Asia, and others are boosting the application of front collision warning systems in the forecast period.
The front collision warning system is crucial for vehicle drivers as it monitors the vehicle speed and the speed of the vehicle in front of it and warns the driver regarding any impending collision using lights, beeps, or vibrations in their seat. These systems use radar, lidar, camera, and ultrasonic sensors to detect traffic ahead of the driver.
There is a rise in demand for front collision warning systems for passenger vehicles as they improve vehicle safety, hence the front collision warning market is expected to grow at 14.0% CAGR in terms of volume over the forecast period, from 2022 to 2032.
Front collision warning system providers are recently focusing on better crash rating systems with advanced technologies to provide more accurate information as compared to the historic period for higher revenue generation.
The front collision warning (FCW) system in a vehicle is an ADAS feature that warns drivers if they are approaching any collision in the form of an obstruction or a car or person in its path. Front collision warning system sales are projected to grow as they are helpful in avoiding rear-end collisions of vehicles. Growing safety requirement for vehicle drivers is a crucial factor propelling the demand for automobiles.
Vehicles in-built with these systems also have other safety technologies like automatic emergency braking, which makes it easier to stop the vehicle during emergency situations. Collision avoidance systems rely on radar and ultrasonic sensors to detect the distance between two cars and prevent accidents with other vehicles or pedestrians by alerting the driver about the potential possibility of collision.
Therefore, surging demand for safe driving around the world has piqued the interest of auto owners in this technology. As per FMI, sales in the market will steadily multiply through the course of the forecast period.
Principal Consultant
COVID-19 has had a severe impact on the global automotive industry. Sales of automobiles decreased in 2020 in all regions due to manufacturing restrictions across the globe. Drop in new vehicle sales and limited supply of vehicle parts due to trade restrictions in many regions also impacted the global front collision warning system market.
The COVID-19 outbreak also impacted the sales of front collision warning systems as there was lesser demand for automobiles due to lockdowns in many countries which also disrupted the supply chain. The slowdown in the manufacturing of collision mitigation systems has impacted the market growth negatively in 2020. The demand for these systems is expected to boost post-COVID-19 with the resuming of production facilities and relaxation in lockdown across various regions.
Higher Focus on Vehicle Safety to Drive Sales in the USA
The front collision warning system works by using radar, LIDAR, camera, and ultrasonic sensor technology to determine the distance and speed of the vehicles ahead and alert the driver by sending a visual and audio signal if it detects an imminent collision with other vehicles.
The USA is considered a lucrative market for front collision warning systems due to the high production and sales of automobiles in the country. Manufacturers of front collision warning systems in the USA are focusing on adapting various technologies to increase vehicle safety. The front collision warning market in the USA is anticipated to expand at a CAGR of 14.4% during the forecast period.
Surging Automation of Vehicles and High PV Production Pushing Sales in China
China is estimated to account for about 68.6% share, based on value, in the East Asia market in 2022. The region is expected to register demand for technologically advanced safety features and warning systems for integration in automobiles. Coupled with this, the surging passenger vehicle production will help the market growth in China.
Increasing sales of on-road vehicles in China along with surging population and disposable income are some of the factors presenting a conducive environment for front collision warning systems sales in the country. Rising autonomous vehicle sales in China also will boost the sales of front collision warning systems in the country.
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The higher efficiency of Ultrasonic Sensors Seals their Dominance as the Leading Technology Segment
Forward collision warning systems use radar, lidar, camera, and ultrasonic sensors to scan the road while driving and detect any obstruction coming the way and alert the drivers to avoid the collision.
Increasing the use of ultrasonic and radar sensors to calculate the relative distance between two cars to avoid any kind of accident is boosting the demand for front collision warning systems in the forecast period. The growing use of ultrasonic sensors in autonomous vehicles is also one of the factors responsible for the growth of the ultrasonic sensor segment.
Ultrasonic sensors are used with other sensors to understand the vehicle ahead as well as know about the surroundings of the vehicle. The ultrasonic sensor segment is expected to expand at a CAGR of 14.1% by end of the forecast period.
Front collision warning systems are focused on increasing the safety of vehicles as they are intended to assist drivers in avoiding rear-end crashes and accidents. Front collision warning systems are installed in passenger vehicles, light commercial vehicles, and heavy commercial vehicles to increase their safety by avoiding any vehicle mishap. Some of the new vehicles available today have radar sensors, cameras, and ultrasonic sensors built- into the front and rear to provide protection to the vehicle.
The increasing number of on-road vehicles and growing sales and production of passenger vehicles in the global market is a significant factors boosting the sales of front collision warning systems.
The sales of front collision warning systems also will rise in the luxury vehicles segment. Besides this, the rising demand for advanced driving assistance systems in automobiles is expected to generate significant opportunities for the Front Collision Warning Market. The passenger vehicles segment is expected to reach about USD 7,823.3 Million by end of the forecast period.
The global front collision warning market is dominated by a few large players. Leading players focus on providing a wide range of high-tech safety features designed to reduce crashes, reduce driver distraction and enhance comfort for vehicle drivers. The major players in the market also aim at improving vehicle safety by helping avoid accidents of vehicles. They are focusing on increasing the manufacturing capacity as well as focusing on advanced technology development for vehicles to strengthen their position in the global market. For instance:
In Feb 2020, Continental AG announced the opening of a new manufacturing plant in the USA. The purpose is an expansion of production capacity of radar sensors for advanced driver assistance systems and to expand the company’s market position as well.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Turkey, Northern Africa, South Africa |
| Key Segments Covered | By Technology, By Sales Channel, By Vehicle Type & Region |
| Key Companies Profiled | Robert Bosch GmbH; Delphi Automotive; Continental AG; ZF Friedrichshafen; Autoliv Inc.; Denso Corporation; Magna International; Gentex Corporation; Mobileye; Siemens; Honeywell International Inc.; BorgWarner Inc. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global front collision warning market is anticipated to reach a valuation of USD 2,925.0 Million in 2022.
The global front collision warning market is anticipated to witness a growth rate of 14.5% over the forecast period of 2022 and 2032 in terms of value.
The Global Front Collision Warning Market witnessed a growth of 8.9% CAGR between 2017 and 2021.
Robert Bosch GmbH, Continental AG, Magna International, Delphi Automotive, ZF Friedrichshafen AG, and others are the key players in the global front collision warning market.
Key players in the global front collision warning market are expected to hold around 60-65% of the global market share.
The top countries driving the front collision warning systems demand are China, Germany, and the USA
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in USD Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 8. Market Background 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Technology Type 9.1. Ultrasonic Sensor 9.2. Lidar Sensor 9.3. Radar Sensor 9.4. Camera Sensor 9.5. Infrared Sensor 9.6. Pressure Sensor 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Sales Channel 10.1. OEM 10.2. Aftermarket 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type 11.1. Passenger Vehicles 11.2. LCV 11.3. HCV 12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 12.1. North America 12.2. Latin America 12.3. Europe 12.4. East Asia 12.5. South Asia & Pacific 12.6. Middle East & Africa 13. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032 19. Key and Emerging Countries Market Analysis 20. Market Structure Analysis 21. Competition Analysis 21.1. Robert Bosch GmbH 21.2. Continental AG 21.3. Mobileye 21.4. Wabtec Corporation 21.5. Magna International 21.6. Denso Corporation 21.7. ZF Friedrichshafen 21.8. Delphi Automotive 21.9. Autoliv Inc. 21.10. Other Manufacturers 22. Assumptions and Acronyms Used 23. Research Methodology
Automotive
June 2023
REP-GB-283
224 pages
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Front Collision Warning Market
