The Global Forward Collision Warning Market is Expected to

NEWARK, Del, June 07, 2022 (GLOBE NEWSWIRE) — Forward Collision Warning Market Set to Hit USD 11,282.8 million by 2032, from USD 2,925.0 million in 2022, at a CAGR of 14.5% during the forecast period of 2022 to 2032.

Forward Collision Warning (FCW) systems are designed to alert drivers to an impending accident and help them avoid or mitigate collisions. FCW systems use sensors such as radars or cameras to detect objects in the vehicle’s path and warn the driver if a collision is imminent. Such systems are also called pre-collision systems or forward collision avoidance systems.

Forward collision warning systems are becoming increasingly popular in new vehicles due to their ability to improve road safety. Additionally, FCW systems can also help reduce motorist insurance premiums. The Front Collision Warning market report covers all key parameters such as product innovation, market dynamics, opportunities and geographical outlook for Front Collision.

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According to the IMF, the global market for frontal collision warning systems is expected to be dominated by Europe. The Europe Forward Collision Warning Market is expected to reach US$4,222.0 million by 2032.

“Forward collision warning systems are intended to help drivers avoid collisions with vehicles from behind. Increased safety awareness among drivers and emphasis on road safety is expected to drive demand for these systems over the forecast period,” says an IMF analyst.

Key points to remember:

The ultrasonic sensor segment is expected to hold around 35.3% of the total market share in 2022.

The OEM segment is expected to grow at a CAGR of 14.5% through 2032.

Europe will emerge as an attractive forward collision warning market globally and is expected to create an additional US$3,193.3 million dollar opportunity during the forecast period.

The passenger vehicle segment is expected to reach approximately US$7,823.3 million by the end of the forecast period.

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Competitive landscape

Key market players in the forward collision warning market elaborated in the report include Continental AG, Robert Bosch GmbH, Magna International, Delphi Automotive, ZF Friedrichshafen, Denso Corporation, Gentex Corporation, Honeywell International Inc., Wabtec Corporation and others.

The global forward collision warning market is dominated by a few major players. The major players are focused on providing a wide range of high-tech safety devices designed to reduce accidents, reduce driver distraction and improve comfort for vehicle operators. The major players in the market also aim to improve vehicle safety by helping to avoid vehicle accidents. They focus on increasing manufacturing capacity as well as developing advanced technologies for vehicles. For instance:

· In February 2020, Continental AG announced the opening of a new manufacturing facility in the United States. The aim is to expand the production capacity of radar sensors for advanced driver assistance systems and also expand the company’s position in the market.

Forward Collision Warning Market by Category

By technology:

  • Ultrasonic sensor
  • Lidar sensor
  • radar sensor
  • Camera sensor
  • Infrared sensor
  • Pressure sensor

By sales channel:

By type of vehicle:

By region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and the Pacific
  • Middle East and Africa

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More information on the world front Collision Warning Market Report

In its latest report, FMI offers an unbiased analysis of the Global Forward Collision Warning Market, providing historic data for the period 2017-2021 and forecast statistics for the period 2022-2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of Technology (Ultrasonic Sensor, Lidar Sensor, Radar Sensor, Camera Sensor, Infrared Sensor, Pressure Sensor), by Sales Channel (OEM, aftermarket), by vehicle type (passenger vehicles, LCVs, HCVs) and by region (North America, Latin America, Europe, East Asia, South Asia and Pacific, and Middle East and Africa).

Contents

1. Summary

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 / Limits

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

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