Automotive Collision Avoidance System Market by Device, Technology, and Geography

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Automotive Collision Avoidance System Market-
Global Industry Insight, Trends, Outlook, and
Opportunity Analysis 2017-2025

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REPORT DESCRIPTION
Automotive Collision Avoidance System Market
Overview
A lot of the vehicular accidents reported
worldwide can be effectively curbed by the
implementation of efficient safety systems such
collision avoidance systems. These systems are
increasingly being deployed in various
applications such as aerospace, marine,
industrial robotics, and unmanned autonomous
vehicles to ensure enhanced safety. Collision
avoidance system primarily integrates radar
and/rear- and front-mounted cameras to constantly
monitor the vehicular traffic immediately ahead
and behind the vehicle. The system constantly
tracks scans the immediate surroundings of the
automotive and alerts the driver if it detects
any impending collision or if the vehicle veers
off the lane. In case the driver fails to
respond, it may deploy emergency brakes in order
to avert a collision. The rising installation of
sensors technology in automotive and increasing
road accidents are some of the major factor for
the growth of collision avoidance system in
automotive industry. According to World Health
Organization, more than 1.2 million people die
due to road accident each year and 90 of the
deaths occur in middle income and low income
economies. Moreover, the high cost of long rage
radar and LiDAR based technology may hinder the
market growth.
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REPORT DESCRIPTION
Installation of autonomous emergency braking
system uplifted the demand for collision
avoidance systems Autonomous emergency braking
systems are deployed in advanced collision
avoidance systems. As the name suggests,
autonomous emergency braking system automatically
applies the brakes in order to prevent a
collision. The system applies either partial or
fully braking force according to alerts detected
by sensors. In addition, the government
regulation for mandatory installation of
autonomous emergency braking system in vehicles
have also accelerated the market. for example In
2016, U.S. Department of Transportation's
National Highway Traffic Safety Administration
have officially announced that automakers in the
U.S. have to make the autonomous emergency
braking system a standard feature for all cars
and trucks by 2022. Europe automotive collision
avoidance system market holds the dominant
position in 2016. On the basis of geography, the
automotive collision avoidance system market is
segmented into North America, Europe, Asia
Pacific, Latin America, Middle East, and Africa.
The Europe region holds the dominant position in
the market in 2016 and is projected to retain its
dominance throughout the forecast period,
followed by North America and Asia
Pacific. Request sample Copy of this
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REPORT DESCRIPTION
Germany, France, Italy, Spain, and the U.K. are
some of the major countries which drives the
automotive collision avoidance system market in
this region. According to European Commission, in
2016, over 46 percent of fatalities reported in
the region were due to road accidents. This in
turn, positions the region as a key market for
collision avoidance systems. The Asia
Pacific automotive collision avoidance system
market is projected to exhibit the highest CAGR
over the forecast period. The bustling automotive
sector in India, China, and Japan position these
as key growth engines of the automotive collision
avoidance system market in this region. The
government regulation for safety concerns and to
reduce the road accidents become one of the major
growth factor for the market in Asia Pacific
region. For Example In 2016, according to Indian
ministry of road transport highways, it is
mandatory for the OEMs to install anti-locking
brake system on heavy vehicles. Key
Companies- Global Automotive collision avoidance
system Market. Some of the major companies in the
global automotive collision avoidance system
market are Alstom SA, Autoliv, Inc., Denso
Corporation, General Electric Company, Hexagon
AB, Honeywell International, Inc., Robert Bosch
GmbH, Rockwell Collins, Inc., Siemens AG, and
Wabtec Corporation Request For Customization _at_
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