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 Anti-Collision Or Collision Avoidance System
Market Analysis:
https://www.grandviewresearch.com/industry-analysis/collision-avoidance-system-market
https://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
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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
Access Full Press Release of this Report:
https://www.grandviewresearch.com/press-release/global-collision-avoidance-system-market
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: https://www.grandviewresearch.com/