[220 Pages Report] The global front collision warning market is currently valued at around US$ 2,925.0 Million and is anticipated to progress at a CAGR of 14.5% to reach US$ 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) | US$ 2,581.9 Million |
Front Collision Warning Market Estimated Year Value (2022E) | US$ 2,925.0 Million |
Front Collision Warning Market Projected Year Value (2032F) | US$ 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.
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 US$ 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 US$ 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 | Front Collision Warning Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product innovation & Diversification
4.3. Marketing and Brand management
4.4. Supply Chain Management
5. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032
5.1. Historical Market Volume (‘000 Units) Analysis, 2017 to 2021
5.2. Current and Future Market Volume (‘000 Units) Projections, 2022 to 2032
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Pricing Analysis by Regions
7. Global Market Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032
7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021
7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.3. Supply-Demand Analysis
8.4. Value Chain
8.5. Market Dynamics
8.6. Impact of COVID-19 Crisis
9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Technology Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) and Volume Analysis By Technology Type, 2017 to 2021
9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Technology Type, 2022 to 2032
9.3.1. Ultrasonic Sensor
9.3.2. Lidar Sensor
9.3.3. Radar Sensor
9.3.4. Camera Sensor
9.3.5. Infrared Sensor
9.3.6. Pressure Sensor
9.4. Market Attractiveness Analyses, By Technology Type
10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Sales Channel
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) and Volume Analysis By Sales Channel, 2017 to 2021
10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Sales Channel, 2022 to 2032
10.3.1. OEM
10.3.2. Aftermarket
10.4. Market Attractiveness Analysis By Sales Channel
11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Million) and Volume Analysis By Vehicle Type, 2017 to 2021
11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Vehicle Type, 2022 to 2032
11.3.1. Passenger Vehicles
11.3.2. LCV
11.3.3. HCV
11.4. Market Attractiveness Analysis By Vehicle Type
12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
12.1. Introduction
12.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2017 to 2021
12.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2032
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. East Asia
12.3.5. South Asia & Pacific
12.3.6. Middle East & Africa
12.4. Market Attractiveness Analysis By Region
13. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
13.4.1. By Technology Type
13.4.2. By Sales Channel
13.4.3. By Vehicle Type
13.4.4. By Country
13.4.4.1. United States of America
13.4.4.2. Canada
13.5. Market Attractiveness Analysis
13.5.1. By Technology Type
13.5.2. By Sales Channel
13.5.3. By Vehicle Type
13.5.4. By Country
13.6. Market Trends
13.7. Drivers and Restraints Impact Analysis
14. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
14.4.1. By Technology Type
14.4.2. By Sales Channel
14.4.3. By Vehicle Type
14.4.4. By Country
14.4.4.1. Brazil
14.4.4.2. Mexico
14.4.4.3. Rest of Latin America
14.5. Market Attractiveness Analysis
14.5.1. By Technology Type
14.5.2. By Sales Channel
14.5.3. By Vehicle Type
14.5.4. By Country
14.6. Market Trends
14.7. Drivers and Restraints Impact Analysis
15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
15.4.1. By Technology Type
15.4.2. By Sales Channel
15.4.3. By Vehicle Type
15.4.4. By Country
15.4.4.1. Germany
15.4.4.2. Italy
15.4.4.3. France
15.4.4.4. United Kingdom
15.4.4.5. Spain
15.4.4.6. BENELUX
15.4.4.7. Russia
15.4.4.8. Rest of Europe
15.5. Market Attractiveness Analysis
15.5.1. By Technology Type
15.5.2. By Sales Channel
15.5.3. By Vehicle Type
15.5.4. By Country
15.6. Market Trends
15.7. Drivers and Restraints Impact Analysis
16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
16.4.1. By Technology Type
16.4.2. By Sales Channel
16.4.3. By Vehicle Type
16.4.4. By Country
16.4.4.1. China
16.4.4.2. Japan
16.4.4.3. South Korea
16.5. Market Attractiveness Analysis
16.5.1. By Technology Type
16.5.2. By Sales Channel
16.5.3. By Vehicle Type
16.5.4. By Country
16.6. Market Trends
16.7. Drivers and Restraints Impact Analysis
17. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
17.4.1. By Technology Type
17.4.2. By Sales Channel
17.4.3. By Country
17.4.3.1. India
17.4.3.2. ASEAN
17.4.3.3. Australia and New Zealand
17.4.3.4. Rest of South Asia & Pacific
17.5. Market Attractiveness Analysis
17.5.1. By Technology Type
17.5.2. By Sales Channel
17.5.3. By Country
17.6. Market Trends
17.7. Drivers and Restraints Impact Analysis
18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
18.4.1. By Technology Type
18.4.2. By Sales Channel
18.4.3. By Vehicle Type
18.4.4. By Country
18.4.4.1. GCC Countries
18.4.4.2. Turkey
18.4.4.3. Northern Africa
18.4.4.4. South Africa
18.4.4.5. Rest of Middle East and Africa
18.5. Market Attractiveness Analysis
18.5.1. By Technology Type
18.5.2. By Sales Channel
18.5.3. By Country
18.6. Market Trends
18.7. Drivers and Restraints Impact Analysis
19. Key and Emerging Countries Market Analysis
19.1. USA Market Analysis
19.1.1. By Technology Type
19.1.2. By Sales Channel
19.1.3. By Vehicle Type
19.2. Canada Market Analysis
19.2.1. By Technology Type
19.2.2. By Sales Channel
19.2.3. By Vehicle Type
19.3. Mexico Market Analysis
19.3.1. By Technology Type
19.3.2. By Sales Channel
19.3.3. By Vehicle Type
19.4. Brazil Market Analysis
19.4.1. By Technology Type
19.4.2. By Sales Channel
19.4.3. By Vehicle Type
19.5. Germany Market Analysis
19.5.1. By Technology Type
19.5.2. By Sales Channel
19.5.3. By Vehicle Type
19.6. Italy Market Analysis
19.6.1. By Technology Type
19.6.2. By Sales Channel
19.6.3. By Vehicle Type
19.7. France Market Analysis
19.7.1. By Technology Type
19.7.2. By Sales Channel
19.7.3. By Vehicle Type
19.8. UK Market Analysis
19.8.1. By Technology Type
19.8.2. By Sales Channel
19.8.3. By Vehicle Type
19.9. Spain Market Analysis
19.9.1. By Technology Type
19.9.2. By Sales Channel
19.9.3. By Vehicle Type
19.10. Russia Market Analysis
19.10.1. By Technology Type
19.10.2. By Sales Channel
19.10.3. By Vehicle Type
19.11. BENELUX Market Analysis
19.11.1. By Technology Type
19.11.2. By Sales Channel
19.11.3. By Vehicle Type
19.12. China Market Analysis
19.12.1. By Technology Type
19.12.2. By Sales Channel
19.12.3. By Vehicle Type
19.13. Japan Market Analysis
19.13.1. By Technology Type
19.13.2. By Sales Channel
19.13.3. By Vehicle Type
19.14. S. Korea Market Analysis
19.14.1. By Technology Type
19.14.2. By Sales Channel
19.14.3. By Vehicle Type
19.15. India Market Analysis
19.15.1. By Technology Type
19.15.2. By Sales Channel
19.15.3. By Vehicle Type
19.16. ASEAN Market Analysis
19.16.1. By Technology Type
19.16.2. By Sales Channel
19.16.3. By Vehicle Type
19.17. Turkey Market Analysis
19.17.1. By Technology Type
19.17.2. By Sales Channel
19.17.3. By Vehicle Type
19.18. Northern Africa Market Analysis
19.18.1. By Technology Type
19.18.2. By Sales Channel
19.18.3. By Vehicle Type
19.19. South Africa Market Analysis
19.19.1. By Technology Type
19.19.2. By Sales Channel
19.19.3. By Vehicle Type
20. Market Structure Analysis
20.1. Market Analysis by Tier of Companies [Adaptive Cruise Control]
20.2. Market Concentration
20.3. Market Share Analysis of Top Players
21. Competition Analysis
21.1. Competition Dashboard
21.2. Primary Survey Analysis
21.3. Competition Deep Dive
21.3.1. Robert Bosch GmbH
21.3.1.1. Overview
21.3.1.2. Product Portfolio
21.3.1.3. Key Financials
21.3.1.4. Sales Footprint
21.3.1.5. Strategy Overview
21.3.2. Continental AG
21.3.2.1. Overview
21.3.2.2. Product Portfolio
21.3.2.3. Key Financials
21.3.2.4. Sales Footprint
21.3.2.5. Strategy Overview
21.3.3. Mobileye
21.3.3.1. Overview
21.3.3.2. Product Portfolio
21.3.3.3. Key Financials
21.3.3.4. Sales Footprint
21.3.3.5. Strategy Overview
21.3.4. Wabtec Corporation
21.3.4.1. Overview
21.3.4.2. Product Portfolio
21.3.4.3. Key Financials
21.3.4.4. Sales Footprint
21.3.4.5. Strategy Overview
21.3.5. Magna International
21.3.5.1. Overview
21.3.5.2. Product Portfolio
21.3.5.3. Key Financials
21.3.5.4. Sales Footprint
21.3.5.5. Strategy Overview
21.3.6. Denso Corporation
21.3.6.1. Overview
21.3.6.2. Product Portfolio
21.3.6.3. Key Financials
21.3.6.4. Sales Footprint
21.3.6.5. Strategy Overview
21.3.7. ZF Friedrichshafen
21.3.7.1. Overview
21.3.7.2. Product Portfolio
21.3.7.3. Key Financials
21.3.7.4. Sales Footprint
21.3.7.5. Strategy Overview
21.3.8. Delphi Automotive
21.3.8.1. Overview
21.3.8.2. Product Portfolio
21.3.8.3. Key Financials
21.3.8.4. Sales Footprint
21.3.8.5. Strategy Overview
21.3.9. Autoliv Inc.
21.3.9.1. Overview
21.3.9.2. Product Portfolio
21.3.9.3. Key Financials
21.3.9.4. Sales Footprint
21.3.9.5. Strategy Overview
21.3.10. Other Manufacturers
21.3.10.1. Overview
21.3.10.2. Product Portfolio
21.3.10.3. Key Financials
21.3.10.4. Sales Footprint
21.3.10.5. Strategy Overview
22. Assumptions and Acronyms Used
23. Research Methodology
Automotive
June 2023
REP-GB-283
224 pages
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