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.
Browse full research report on 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
Browse more reports of this category
by Grand View Research: 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
- U.S.
- Canada
- Europe
- Germany
- France
- Asia Pacific
- China
- Japan
- India
- Latin America
- Mexico
- Brazil
- The Middle
East and Africa
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
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