Lucintel’s latest market report analyzed that collision avoidance system provides attractive opportunities in applications, such as automotive, aerospace, railway, marine, and construction & mining. The collision avoidance system market is expected to reach $73.8 billion by 2028 with a CAGR of 10.8%. In this market, parking assistance is the largest segment by technology, whereas automotive is largest by application.
Based on technology, the collision avoidance system market is segmented into LiDAR, radar, ultrasonic, cameras, and others. The parking assistance segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, because despite increasing population and rising number of vehicles, the parking space in major cities has either remained the same or decreased.
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The Collision Avoidance system Market is marked by the presence of several big and small players. Some of the prominent players offering collision avoidance system include Robert Bosch, Becker Mining Systems,Denso Corporation, Wabtec Corporation, Siemens AG, Honeywell International, Rockwell Collins, Autoliv, Delphi Automotive, Hexagon ABHoneywell, Johnson & Johnson ADT Corporation, Control4 Corporation, United Technologies.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link firstname.lastname@example.org.
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