Collision avoidance system is a safety awareness or a warning system designed to reduce the severity of a collision. These systems are widely used in automobile and mining sectors to avoid accidents. It is also known as pre-crash system, forward collision warning system, or collision mitigating system.
Portland, OR -- (SBWIRE) -- 07/25/2017 -- The Collision Avoidance System Market is expected to grow rapidly, owing to increase in demand for automated systems. This system has gained popularity among the various applications such as aerospace, marine, industrial robot manipulators, and unmanned autonomous vehicles. The key drivers for global collision avoidance system market are improved visibility, enhanced safety, and increase in demand for automated vehicles. However, high maintenance cost hampers the market growth. Furthermore, irrespective of the challenges, surge in use of electronic content and electronic integration in automotive provides an opportunity for market growth in the near future.
This system helps to detect the imminent strike, alerting the driver about any collision. These systems are interpolated within the vehicle to enable semi-autonomous and autonomous decision-making. Moreover, these systems can automatically take action without any input from the driver. At present, automobile manufacturers, such as Audi, BMW, Cadillac, Fiat, Hyundai, Mitsubishi, Nissan, Toyota, Volkswagen, Mercedes-Benz, Ford, Honda, and others, are using these systems to reduce the incidence of accidents.
The collision avoidance system market is segmented on the basis of type, technology, industry vertical, and geography. On the basis of type, it is classified into adaptive cruise control, lane departure warning, blind spot detection, night vision, and others. The technology segment is divided into LIDAR, radar, ultrasonic, and camera. Based on industry verticals, it is categorized into automotive, aerospace & defense, marine, locomotive, and others. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The major companies profiled in the report include Delphi Automotive LLP, Robert Bosch GmbH, Denso Corporation, Autoliv, Inc., General Electric Company, Rockwell Collins, Inc., Honeywell International, Inc., Siemens AG, Alstom SA, and Wabtec Corporation.
Comprehensive analysis of the current trends and future estimations in the collision avoidance system market is provided.
The report provides a competitive scenario of the market with growth trends, structure, driving factors, scope, opportunities, and challenges.
Includes a detailed analysis of the key segments to provide insights on market dynamics.
Porters Five Forces analysis highlights the potential of buyers and suppliers and provides insights on the competitive structure of the market to devise effective growth strategies and facilitate better decision-making.
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