Collision Avoidance System Market
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Transparency <strong>Market</strong> Research<br />
<strong>Collision</strong> <strong>Avoidance</strong> <strong>System</strong> <strong>Market</strong> -<br />
Global Industry Analysis, Size, Share,<br />
Growth, Trends and Forecast 2016 –<br />
2023<br />
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REPORT DESCRIPTION<br />
<strong>Collision</strong> <strong>Avoidance</strong> <strong>System</strong> <strong>Market</strong> - Global Industry Analysis, Size, Share, Growth, Trends and<br />
Forecast 2016 - 2023<br />
<strong>Collision</strong> avoidance systems are safety systems which are used for reducing severity of an accident. These<br />
systems are mostly implemented in automotive, construction and mining sectors among others. <strong>Collision</strong> avoidance<br />
system uses laser, camera, radars, LIDAR and sensors to detect a forthcoming crash and alerts the driver about an<br />
imminent collision. Sometimes, it automatically takes the action without input of the driver. <strong>Collision</strong> avoidance<br />
systems are incorporated within cars by major automobile manufacturers worldwide, such as Audi, BMW, Cadillac,<br />
Fiat, Hyundai, Mitsubishi, Nissan, Toyota, Volkswagen, Mercedes-Benz, Ford, Honda and General Motors among<br />
others.<br />
Some of the key driving factors for the global collision avoidance system market is increasing awareness among<br />
consumers and original equipment manufacturers for vehicle safety. Moreover, rising government regulations<br />
coupled with development of advanced car assessment programs are set to augment the growth of the market for<br />
collision avoidance system during the forecast period. In January 2015, the National Highway Traffic Safety<br />
Administration of the U.S. announced development of automated emergency braking system into its updated car<br />
assessment program in order to avoid or prevent severity of collisions. Moreover, increasing sales of luxury vehicles<br />
and sports utility are anticipated to drive the growth of collision avoidance system market. Different geographical<br />
drivers are also accountable for the growth of this market. Increasing automotive safety norms in emerging<br />
economies, such as Asia Pacific, Middle East and Africa is expected to create significant opportunity for the growth of<br />
this market in the future. However, cyclic nature of automotive production and sales is likely to hinder the growth of<br />
the market. Moreover, radar and LiDAR based collision avoidance systems are costly and low-priced car<br />
manufacturers often avoid addition of these systems into the vehicles, which in turn, is expected to restrain the<br />
market growth.<br />
Global collision avoidance system market can be broadly classified on the basis of type, technology, application and<br />
geography. The market can be subdivided by type into adaptive cruise control, lane departure warning, blind spot<br />
detection, night vision, autonomous emergency braking, driver monitoring system and others. By technology, the<br />
market for collision avoidance system has been segmented into LiDAR, radar, ultrasonic and camera. The market<br />
can be bifurcated by application into automotive, airborne, construction, marine and rail. By geography, the global<br />
collision avoidance system market has been classified into North America, Europe, Asia Pacific and Rest of the World.
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In the present scenario, the collision avoidance system market is dominated by Europe in terms of revenue, followed<br />
by North America and Asia-Pacific. The major factor responsible for potential development of this market in Europe is<br />
growing awareness for safety features within vehicles and immense advancement of automotive sector. However,<br />
Asia Pacific is likely to witness potential growth in the future, mainly due to increasing government regulations<br />
regarding installation of collision avoidance systems.<br />
Some of the Top Players in the market for collision avoidance system are Honeywell International, Inc. (U.S.),<br />
Robert Bosch GmbH (Germany), General Electric Company (U.S.), Siemens AG (Germany), Alstom SA (France),<br />
Rockwell Collins, Inc. (U.S.), Hexagon AB (Sweden), Becker Mining <strong>System</strong>s AG (Germany), Wabtec Corporation (U.S.)<br />
and Denso Corporation (Japan) among others.<br />
This research report analyzes this market on the basis of its market segments, major geographies, and current<br />
market trends.<br />
Geographies analyzed under this research report include<br />
North America<br />
Asia Pacific<br />
Europe<br />
Middle East and Africa<br />
Latin America<br />
This report provides comprehensive analysis of<br />
<strong>Market</strong> growth drivers<br />
Factors limiting market growth<br />
Current market trends<br />
<strong>Market</strong> structure
<strong>Market</strong> projections for upcoming years<br />
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides<br />
market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five<br />
force model analysis and detailed profiles of top industry players. The report also includes a review of micro and<br />
macro factors essential for the existing market players and new entrants along with detailed value chain analysis.<br />
Reasons for Buying this Report<br />
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• It provides a forward looking perspective on different factors driving or restraining market growth<br />
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow<br />
• It helps in understanding the key product segments and their future<br />
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analysis of market segments<br />
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