Global Automotive Rear Cross Traffic Alert System Market 2016-2020
The RCTAS is an extension of blind spot detection (BSD) systems, which is a type of collision avoidance system. Hence, the evolution of this system can be linked to that of BSD systems. The primary functional features of both systems are similar, except that the BSD is used for monitoring front sides of the vehicle; whereas, the RCTAS is developed for rear sides of the vehicle. BSD is also known as blind spot information, side assist, side blind zone alert, blind spot warning, and active blind spot monitoring system.
Technavio’s analysts forecast the global automotive rear cross traffic alert system (RCTAS) market to grow at a CAGR of 10.33% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive rear cross traffic alert system (RCTAS) market for 2016-2020. To calculate the market size, the report considers a top-down approach, where the market is derived from the overall automotive RCTAS application volume.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Rear Cross Traffic Alert System (RCTAS) Market 2016-2020
Technavio recognizes the following companies as the key players in the global automotive rear cross traffic alert system (RCTAS) market: Autoliv, Bosch, Continental AG, Delphi, and Valeo.
Other Prominent Vendors in the market are: Infineon Technologies.
Commenting on the report, an analyst from Technavio’s team said: “Evolution in sensor and microcontroller technology will be a key trend for market growth. Technology in the fields of automotive sensors and microcontrollers is evolving at a rapid pace. The designers and developers of automotive electronics are continuously working on improving the technology to make safety systems imbibing these components more fool proof in functionality. The application of imaging sensors is certainly going to proliferate in step with the advances in the appearance of sensors”
According to the report, the automotive industry is seeing growth in the population of baby boomers year-on-year which will be a key driver for market growth. Especially in the last decade, there has been a significant increase in the number of license holders who are above 60 years of age. According to research, there are over two million people in the US alone holding a driving license who are over 85 years of age, and the number is expected to grow in the years to come.
Further, the report states that the increased complexity in vehicle tasks and displays can result in driver information overload as systems are becoming more integrated and display more data to the driver than the required minimum and this factor will be a challenge for the market. Automotive governing councils in developed economies, such as the Americas and Europe, have found that several features of ADAS may unintentionally induce cognitive distraction in drivers. Depending too much on driver assistive safety systems for a safer drive may possibly result in distraction due to the multiple pieces of information presented by the system. Distraction or driver discomfort may also arise from any limitation of the product feature that may be detrimental to the safety of the driver, vehicle, and surrounding traffic environment.
Autoliv, Bosch, Continental AG, Delphi, Valeo, Infineon Technologies.
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