Global Collision Avoidance System Market 2015-2019
About collision avoidance system
Ever since the advent of automobiles, road safety has been as the primary concern among consumers, governments and government transport authorities, and automobile manufacturers. Vehicle, passenger, and pedestrian safety has gained attention, owing to a rise in the number of accidents across the globe. Consequently, resulting in the commencing of collision avoidance systems, assuring improved safety compared to other driver assistance, passive safety, and active safety systems. These collision avoidance systems are termed as life savior technology, as they help in reducing the severity of accidents. Collision avoidance systems have the capability to analyze and monitor drivers’ actions, nearby surroundings of vehicles, and road conditions, thereby preventing and minimizing the impact of accidents. These systems, in many cases, either adjust the steering response or increase the braking power to improve preventive actions.
Technavio's analysts forecast the global collision avoidance system market to grow at a CAGR of 22.02% over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the global collision avoidance system market for the period of 2015-2019. To calculate the market size, the repot considers revenue generated from the sale of forward collision warning (FCW) systems, lane departure warning systems (LDWS), adaptive cruise control (ACC) systems, and blind spot detection (BSD) systems by both original equipment manufacturers (OEMs) and aftermarket.
Technavio's report, Global Collision Avoidance System Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global collision avoidance system market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Collision Avoidance System Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Collision Avoidance System Market: Continental, Delphi Automotive, Robert Bosch and TRW Automotive
Other Prominent Vendors in the market are: AWTI, Ford Motor, GENTEX, Preco Electronics, Renault, Safe Drive Systems, Subaru of America, and Toyota.
Commenting on the report, an analyst from Technavio’s team said: “The automotive industry endeavors to attain the goal of zero road fatalities combined with sufficing consumer safety demands and government regulations, and is propelling the adoption of collision avoidance and driver assistance systems. As a result, automobile manufacturers in collaboration with automotive safety and automotive camera manufacturers are integrating radar and cameras, which integrates video sensing, radar sensing, and data fusion in a single module.”
According to the report, the quest for automobile safety is considered one of the key drivers in the development of advanced automobile safety systems. Advanced safety and security features are no longer limited to premium vehicles. Consumers are now more aware about safety systems and technologies and are taking an interest in improving the safety systems for their vehicles. As a result, electronic equipment such as cameras and sensors are now being installed, even in entry-level vehicles.
Further, the report states that present day collision avoidance systems do not cater to all types of accidents, owing to the functionality and technical limitations of each system. However, OEMs are consistently focusing and investing in R&D to increase and enhance the functionality of collision avoidance systems to cater to all types of road accidents. However, these systems are still not available, which is in turn creating a loophole in the market and hindering market growth.
Continental, Delphi Automotive, Robert Bosch,TRW Automotive, AWTI, Ford Motor, GENTEX, Preco Electronics, Renault, Safe Drive Systems, Subaru of America, and Toyota.
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