Collision Avoidance System Market

REPORT DESCRIPTION
Collision Avoidance System Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2016 - 2023
Collision avoidance systems are safety systems which are used for reducing severity of an accident. These
systems are mostly implemented in automotive, construction and mining sectors among others. Collision avoidance
system uses laser, camera, radars, LIDAR and sensors to detect a forthcoming crash and alerts the driver about an
imminent collision. Sometimes, it automatically takes the action without input of the driver. Collision avoidance
systems are incorporated within cars by major automobile manufacturers worldwide, such as Audi, BMW, Cadillac,
Fiat, Hyundai, Mitsubishi, Nissan, Toyota, Volkswagen, Mercedes-Benz, Ford, Honda and General Motors among
others.
Some of the key driving factors for the global collision avoidance system market is increasing awareness among
consumers and original equipment manufacturers for vehicle safety. Moreover, rising government regulations
coupled with development of advanced car assessment programs are set to augment the growth of the market for
collision avoidance system during the forecast period. In January 2015, the National Highway Traffic Safety
Administration of the U.S. announced development of automated emergency braking system into its updated car
assessment program in order to avoid or prevent severity of collisions. Moreover, increasing sales of luxury vehicles
and sports utility are anticipated to drive the growth of collision avoidance system market. Different geographical
drivers are also accountable for the growth of this market. Increasing automotive safety norms in emerging
economies, such as Asia Pacific, Middle East and Africa is expected to create significant opportunity for the growth of
this market in the future. However, cyclic nature of automotive production and sales is likely to hinder the growth of
the market. Moreover, radar and LiDAR based collision avoidance systems are costly and low-priced car
manufacturers often avoid addition of these systems into the vehicles, which in turn, is expected to restrain the
market growth.
Global collision avoidance system market can be broadly classified on the basis of type, technology, application and
geography. The market can be subdivided by type into adaptive cruise control, lane departure warning, blind spot
detection, night vision, autonomous emergency braking, driver monitoring system and others. By technology, the
market for collision avoidance system has been segmented into LiDAR, radar, ultrasonic and camera. The market
can be bifurcated by application into automotive, airborne, construction, marine and rail. By geography, the global
collision avoidance system market has been classified into North America, Europe, Asia Pacific and Rest of the World.