Product Code: MCP11155
Current Disruptions Elicit a -15.8% Decline in Growth. Future Outlook for Autonomous Technologies Encourages a 6.4% Projected Growth Opportunity
The global market for Collision Avoidance Systems is expected to slump by -15.8% in the year 2020 and thereafter recover to reach US$62.7 billion by the year 2027,trailing a post COVID-19 CAGR of 6.4% over the analysis period 2020 through 2027. A truly global industry, the auto industry has fallen victim to the global disruption wreaked by the pandemic. While current disruptions in the automotive industry are impacting immediate term prospects, the longer-term implications of the current pandemic and the interest in non-contact, autonomous technologies bodes well for long-term growth of collision avoidance systems especially in autonomous vehicle applications. One of the impact factors is the massive disruption of the supply chain which has impacted production lines dependent in Asia, especially China for raw materials, parts and components. Lockdowns, rising unemployment & shrinking disposable incomes have knocked down consumer confidence and with it sales of new vehicles. Global automobile production is expected to register a sharp decline in 2020, as auto plants across the globe suspend production temporarily to curb the spread of COVID-19 in line with revised safety protocols to safeguard employees against the pandemic. The halt in production is expected to impact the cash flow for the automakers against the drop in demand. COVID-19 outbreak and stringent measures to contain the pandemic hold negative implications for the global automobile industry that is forecast to witness a dramatic decline of about 15% in vehicle production in 2020. Suspended vehicle production in North America coerced automakers to delay launch of new models.
In the midst of millions of units decline in sales and R&D cutbacks, autonomous cars are witnessing increased interest. The idea of driverless cars has assumed new importance in a world dependent on transportation & a pandemic that has forced social isolation & impacted how we travel. Autonomous cars are a major end-user of collision avoidance systems & the accelerated future towards mobility with minimal human interaction bodes well for post pandemic growth. Collision avoidance systems (CAS) represent a promising technology with significant potential to reduce the risk of collisions and accidents. Also popular as collision mitigating systems, pre-crash systems and forward collision warning systems, these platforms assist users in detecting an imminent obstacle or strike for averting an accident. In addition, the technology is integrated with other systems for enabling autonomous or semi-autonomous decision making and braking. Radar, LiDAR and Camera are the basic technologies applied in collision avoidance systems. The incorporation of forward-collision warning systems and automatic braking has been known to reduce crashes or at least, reduce crash intensity. Blind-spot monitoring and assist feature alerts drivers by lighting up an icon on dashboard or mirror after detecting a vehicle in blind-spot. The system also alerts drivers when they are about to turn into another vehicle. Lane departure warning and assist feature relies on sensors for monitoring the distance of a car from a lane line. Advanced systems are also capable of taking corrective action for keeping the vehicle in proper lane. On the other hand, rear cameras and parking assist reduces the risk of back-over accidents through alerts after detecting an obstacle. These cameras also assist drivers in congested parking spots. Automatic park assist is one of the latest features intended to identify a parking space and help drivers steer the car into the parking space. Adaptive headlights are generally limited to high-end models, and intended to illuminate the road during turns or when a driver maneuvers winding, narrow roads. Drowsiness detection systems detect drowsiness or eye movement of drivers and even detect the position of a car in traffic lines to identify erratic movement.
Collision avoidance systems find extensive use in the mining and automobile sectors for averting accidents. The market for these systems in the post pandemic period will be propelled by the expected adoption of automated vehicles, stringent automotive safety regulations and the ability of the technology to ensure enhanced safety and visibility. Automakers in the US, Europe and Japan have already begun testing prototype cars capable of driving autonomously. These innovative concepts are intended to reduce traffic congestion and stress while improving safety. In the aviation industry, collision avoidance systems are expected to receive a major impetus from regulatory pressure that mandates it airline operators to implement the technology for higher safety. The EU No. 1332/2011 regulation in Europe requires all flights with aircraft exceeding 5700kg or authorized to carry over 19 to adopt collision avoidance systems by 2015. In addition, non-compliant aircraft operating in the European Airspace that have planned an upgrade to ACAS II version 7.1 are likely to receive exemption for a specific period. However, these exemptions depend on registration region of the aircraft along with operating approval from EU or non-EU states. The increasing popularity of UAVs or drones is also expected to offer intriguing opportunities for collision avoidance systems (CAS) for enabling drones to navigate safety in real-time. Collision avoidance is a powerful feature that minimizes pilot's error and avoids collisions. While various drones with CAS feature small sensors mounted over the body, others come with optical radar capable of viewing objects in full 360°. Sensors rely on ultrasonic or infrared scans for assisting processors in making decisions automatically to protect the drone. These advantages along with increasing adoption of drones are anticipated to open a new window of opportunity for aircraft CAS technology.
Competitors identified in this market include, among others,
- Alstom SA
- Autoliv, Inc.
- Aviation Communication & Surveillance Systems, LLC (ACSS)
- Becker Mining Systems AG
- Delphi Automotive PLC
- Denso Corporation
- General Electric Company
- Hexagon AB
- Honeywell International, Inc.
- Mobileye N.V.
- Robert Bosch GmbH
- Rockwell Collins, Inc.
- SAAB AB
- Siemens AG
- Wabtec Corporation
TABLE OF CONTENTS
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- Pandemic Crisis Weakens Economic Environment, Triggering Negative Tide in GDP
- EXHIBIT 1: World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
- EXHIBIT 2: Global Reduction in CAPEX (in %) by Industry for FY2020
- EXHIBIT 3: Global PMI Index Points for the Years 2018, 2019 & 2020
- Collision Avoidance System (CAS): A Prelude
- Key Components of Automotive Collision Avoidance Systems
- Technologies Prevalent in Aerospace Collision Avoidance System
- Steady Growth Projected for Collision Avoidance Systems Market
- Recent Market Activity
- 2. FOCUS ON SELECT PLAYERS
- SELECT WORLD BRANDS
- 3. MARKET TRENDS & DRIVERS
- Automotive Sector: Largest Consumer of CAS Technology
- Collision Avoidance Technology Seeks Mainstream Role in Automotive Industry
- Rising Importance of Road Traffic Safety Triggers Wider Uptake of Automotive CAS
- EXHIBIT 4: With Millions Continuing to Die in Preventable Road Accidents, the Focus on Automobile Safety Has Never Been Higher: Number of Deaths Caused by Road Accidents Worldwide by Region for the Years 2017 & 2030
- Collision Avoidance Technologies Hold Potential in Reducing Accidents
- Despite the Impact of COVID-19, Long-term Growth for CAS to Ride on Recovering Automotive Industry Dynamics
- EXHIBIT 5: Automotive Demand Reduction in Key Regions in 2020 (In Million Vehicles)
- EXHIBIT 6: Post COVID-19 Recovery in Automobile Production to Spur Growth in Collision Avoidance Systems Market: World Automobile Production in Million Units for 2008-2022
- Heavy Commercial Vehicles Market: A Key Indicator of Growth
- EXHIBIT 7: World Commercial Vehicle Market Breakdown of Production Volume (in %) by Region for 2010, 2015 & 2019
- Collision Avoidance Systems Poised to Improve Fleet Safety
- Key Trends in Advanced Driver Assistance and Collision Avoidance Systems
- Robust Long Term Opportunities for CAS in Construction and Mining Sectors
- CAS in Construction Applications: Growth Prospects Remain Promising
- EXHIBIT 8: Global Construction Spending (In US$ Trillion) for 2019, 2020 & 2021
- EXHIBIT 9: Projected Infrastructure Investment Needed (in US$ Trillion) by Region Over the Period 2016-2040
- EXHIBIT 10: Global Value of Megacity Construction Projects (US$ Billion) in 2019
- CAS Remain Relevant in Mining Facilities
- World Metals & Mining Industry by Material Category: A Snapshot
- EXHIBIT 11: Leading Mining Nations in the World (2019): Percentage Breakdown of Mine Production Volume for Australia, China, Russia, USA, and Others
- Aerospace - A Potential Market for Collision Avoidance System
- EXHIBIT 12: Massive Negative Impact on Air Travel Leading to Weak Momentum in CAS Market: Global Airlines Performance by Region: 2020 Vs 2019
- Sustained Emphasis on Improving Aircraft Safety Creates Fertile Environment for Aircraft CAS Market
- Regulatory Stress on ACAS II (TCAS II) and ACAS X Widens Opportunities
- Rise of UAVs Creates New Growth Avenue for Aircraft CAS
- Collision Avoidance Sensors: Eye in the Sky
- EXHIBIT 13: Global Market for Military Drones (In US$ Billion) for the Years 2018, 2020, 2022 and 2024
- CAS Gains Traction in Maritime Applications
- Rising Commercial & Recreational Maritime Activity: Opportunity Indicator for Marine CAS
- Commercial Shipping
- EXHIBIT 14: World Seaborne Trade (in Billions of Cargo Ton Miles) for the Years 2015, 2017 and 2019
- Recreational Shipping
- EXHIBIT 15: World Cruise Passengers (in Millions) for the Years 2010, 2015 and 2019
- CAS Comes to Fore to Enhance Safety of Railway Systems
- Technology Improvements Aid Market Expansion
- Latest Innovations in Collision Avoidance and Passenger Safety Systems
- Certain Advanced Safety Systems Show Promise in Preventing Crashes
- Effectiveness of FCW and AEB Systems in Avoiding Rear-End Collisions
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Current & Future Analysis for Collision Avoidance Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027
- TABLE 2: World Historic Review for Collision Avoidance Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 3: World 12-Year Perspective for Collision Avoidance Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2015, 2020 & 2027
- TABLE 4: World Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027
- TABLE 5: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 6: World 12-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2020 & 2027
- TABLE 7: World Current & Future Analysis for Construction & Mining by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027
- TABLE 8: World Historic Review for Construction & Mining by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 9: World 12-Year Perspective for Construction & Mining by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2020 & 2027
- TABLE 10: World Current & Future Analysis for Aerospace by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027
- TABLE 11: World Historic Review for Aerospace by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 12: World 12-Year Perspective for Aerospace by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2020 & 2027
- TABLE 13: World Current & Future Analysis for Railway by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027
- TABLE 14: World Historic Review for Railway by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 15: World 12-Year Perspective for Railway by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2020 & 2027
- TABLE 16: World Current & Future Analysis for Marine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027
- TABLE 17: World Historic Review for Marine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 18: World 12-Year Perspective for Marine by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2020 & 2027
III. MARKET ANALYSIS
- GEOGRAPHIC MARKET ANALYSIS
- UNITED STATES
- Market Overview
- Market Analytics
- TABLE 19: USA Current & Future Analysis for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
- TABLE 20: USA Historic Review for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 21: USA 12-Year Perspective for Collision Avoidance Systems by Application - Percentage Breakdown of Value Sales for Automotive, Construction & Mining, Aerospace, Railway and Marine for the Years 2015, 2020 & 2027
- CANADA
- TABLE 22: Canada Current & Future Analysis for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
- TABLE 23: Canada Historic Review for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 24: Canada 12-Year Perspective for Collision Avoidance Systems by Application - Percentage Breakdown of Value Sales for Automotive, Construction & Mining, Aerospace, Railway and Marine for the Years 2015, 2020 & 2027
- JAPAN
- TABLE 25: Japan Current & Future Analysis for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
- TABLE 26: Japan Historic Review for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 27: Japan 12-Year Perspective for Collision Avoidance Systems by Application - Percentage Breakdown of Value Sales for Automotive, Construction & Mining, Aerospace, Railway and Marine for the Years 2015, 2020 & 2027
- CHINA
- Market Overview
- Market Analytics
- TABLE 28: China Current & Future Analysis for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
- TABLE 29: China Historic Review for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 30: China 12-Year Perspective for Collision Avoidance Systems by Application - Percentage Breakdown of Value Sales for Automotive, Construction & Mining, Aerospace, Railway and Marine for the Years 2015, 2020 & 2027
- EUROPE
- Market Overview
- Market Analytics
- TABLE 31: Europe Current & Future Analysis for Collision Avoidance Systems by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027
- TABLE 32: Europe Historic Review for Collision Avoidance Systems by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 33: Europe 12-Year Perspective for Collision Avoidance Systems by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2015, 2020 & 2027
- TABLE 34: Europe Current & Future Analysis for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
- TABLE 35: Europe Historic Review for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 36: Europe 12-Year Perspective for Collision Avoidance Systems by Application - Percentage Breakdown of Value Sales for Automotive, Construction & Mining, Aerospace, Railway and Marine for the Years 2015, 2020 & 2027
- FRANCE
- TABLE 37: France Current & Future Analysis for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
- TABLE 38: France Historic Review for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 39: France 12-Year Perspective for Collision Avoidance Systems by Application - Percentage Breakdown of Value Sales for Automotive, Construction & Mining, Aerospace, Railway and Marine for the Years 2015, 2020 & 2027
- GERMANY
- TABLE 40: Germany Current & Future Analysis for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
- TABLE 41: Germany Historic Review for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 42: Germany 12-Year Perspective for Collision Avoidance Systems by Application - Percentage Breakdown of Value Sales for Automotive, Construction & Mining, Aerospace, Railway and Marine for the Years 2015, 2020 & 2027
- ITALY
- TABLE 43: Italy Current & Future Analysis for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
- TABLE 44: Italy Historic Review for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 45: Italy 12-Year Perspective for Collision Avoidance Systems by Application - Percentage Breakdown of Value Sales for Automotive, Construction & Mining, Aerospace, Railway and Marine for the Years 2015, 2020 & 2027
- UNITED KINGDOM
- TABLE 46: UK Current & Future Analysis for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
- TABLE 47: UK Historic Review for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 48: UK 12-Year Perspective for Collision Avoidance Systems by Application - Percentage Breakdown of Value Sales for Automotive, Construction & Mining, Aerospace, Railway and Marine for the Years 2015, 2020 & 2027
- REST OF EUROPE
- TABLE 49: Rest of Europe Current & Future Analysis for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
- TABLE 50: Rest of Europe Historic Review for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 51: Rest of Europe 12-Year Perspective for Collision Avoidance Systems by Application - Percentage Breakdown of Value Sales for Automotive, Construction & Mining, Aerospace, Railway and Marine for the Years 2015, 2020 & 2027
- ASIA-PACIFIC
- TABLE 52: Asia-Pacific Current & Future Analysis for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
- TABLE 53: Asia-Pacific Historic Review for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 54: Asia-Pacific 12-Year Perspective for Collision Avoidance Systems by Application - Percentage Breakdown of Value Sales for Automotive, Construction & Mining, Aerospace, Railway and Marine for the Years 2015, 2020 & 2027
- REST OF WORLD
- TABLE 55: Rest of World Current & Future Analysis for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
- TABLE 56: Rest of World Historic Review for Collision Avoidance Systems by Application - Automotive, Construction & Mining, Aerospace, Railway and Marine Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019
- TABLE 57: Rest of World 12-Year Perspective for Collision Avoidance Systems by Application - Percentage Breakdown of Value Sales for Automotive, Construction & Mining, Aerospace, Railway and Marine for the Years 2015, 2020 & 2027
IV. COMPETITION
- Total Companies Profiled: 83
比較リスト
