Between 2022 and 2032, the global front collision warning market is expected to grow at a strong 14.5 percent compound annual growth rate (CAGR).
The front collision warning (FCW) system is an ADAS feature that alerts drivers when they are nearing a collision with an impediment or another vehicle. The global demand for advanced driver assistance systems (ADAS) is expected to rise in unison with the increasing number of passenger vehicles equipped with sophisticated safety features.
Radar, LIDAR, video, and ultrasonic sensors are used by forwarding collision warning systems to scan the road while driving and detect any impending obstacles. A collision avoidance or mitigation system is another name for a forward-collision warning system. Increased sales of luxury vehicles and increased desire for autonomous vehicles in places such as North America, Europe, and elsewhere are driving demand for front collision warning systems.
According to FMI, Europe is anticipated to dominate the worldwide front collision warning market. By 2032, the European front collision warning market is expected to reach $4,222.0 million.
Key Takeaways:
• In 2022, the ultrasonic sensor sector is expected to account for approximately 35.3 percent of the entire market.
• Through 2032, the OEM segment is expected to develop at a 14.5 percent compound annual growth rate (CAGR).
• In the projected period, Europe will emerge as a lucrative front collision warning market, with an incremental dollar opportunity of US$ 3,193.3 million.
• By the end of the projected period, the passenger car segment is expected to be worth around US$ 7,823.3 Mn.
Competitive Landscape
Continental AG, Robert Bosch GmbH, Magna International, Delphi Automotive, ZF Friedrichshafen, Denso Corporation, Gentex Corporation, Honeywell International Inc., Wabtec Corporation and others.
