The global collision avoidance system market is expected
to reach USD 18.97 billion by 2025, according to a new study conducted by Grand
View Research, Inc. The updated ratings of safety agencies and incorporation of
anti-collision systems in mass-market models are expected to propel the market
growth over the next six years.
The increasing awareness among consumers and extensive R&D by market
players have fueled the market growth. Collision avoidance systems enable
vehicles to carry out semi-autonomous and autonomous decision-making. The rising
need for security from consumers and governments is also expected to drive the
collision avoidance systems market growth.
The recent developments in the sensor technology are oriented toward
making highly sophisticated devices and augmenting them with various parts of
an automobile. Anti-collision systems enable automotive OEMs to integrate
additional intelligence to achieve the goal of an autonomous car.
Strict legal and regulatory standards have mandated the inclusion of
sensors in motor vehicles. This is further estimated to drive the collision
avoidance systems market. However, the high costs of long-range radars and
LiDAR-based systems may restrain the market growth as low-price carmakers may
abstain from adding onto the cost of vehicles.
Full research report on Collision
Avoidance System Market analysis:
http://www.grandviewresearch.com/industry-analysis/collision-avoidance-system-market
http://www.grandviewresearch.com/industry-analysis/collision-avoidance-system-market
Further key findings from the study suggest:
·
Radar-based systems accounted for over 41%
of the global market in 2015. The segment is further expected to gain market
share over the forecast period.
·
The reducing prices of radars have led to
the increased adoption of the technology by various automotive OEMs
·
Camera-based collision avoidance systems
are expected to witness high growth, owing to the government regulations
mandating their incorporation into vehicles
·
Adaptive cruise control accounted for a
major market share in 2015. Such systems rely on long-range and medium and
short-range radar systems to automatically adjust a vehicle’s speed.
·
Technological innovations may mandate the
incorporation of systems in vehicles to counter the threat of accidents due to
human errors, which account for 90% of accidents, according to a 2014 UN Road
Safety Collaboration study
·
Europe is expected to continue to lead the
market over the forecast period. It accounted for over 33% of the market in
2015.
·
The key industry participants include
Bosch, Continental, Delphi, Denso, Autoliv, and TRW, among others
View more reports
of this category by Grand View Research at: https://www.grandviewresearch.com/industry/semiconductors-and-electronics
Grand View Research has segmented the global collision avoidance system
market based on technology, application, and region:
Collision Avoidance
System Technology Outlook (Revenue, USD Million, 2014 - 2025)
·
Radar
·
Camera
·
Ultrasonic
·
LiDAR
Collision Avoidance
System Application Outlook (Revenue, USD Million, 2014 - 2025)
·
Adaptive Cruise Control (ACC)
·
Blind Spot Detection (BSD)
·
Forward Collision Warning System (FCWS)
·
Lane Departure Warning System (LDWS)
·
Parking Assistance
·
Others
Collision Avoidance
System Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o France
·
Asia Pacific
o China
o Japan
o India
·
Latin America
o Mexico
o Brazil
·
The Middle East and Africa
View
Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-collision-avoidance-system-market
About
Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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