Global Automotive Collision Avoidance Systems Market - Segmented by Technology Type, Device, Vehicle Type, and Geography - Growth, Trends, and Forecast (2018 - 2023)
Automotive collision warning systems potentially signify the next significant leap in vehicle safety technology. Such systems attempt to actively warn drivers of an impending collision event, allowing the driver adequate time to take appropriate corrective actions to mitigate, or completely avoid, the accident. Crash statistics and numerical analysis strongly suggest that such collision warning systems will be effective.
Crash data collected by the U.S. National Highway Traffic Safety Administration (NHTSA) show that ~88% of rear-end collisions are caused due to negligence on the part of driver or following the other vehicle closely. These types of crashes could derive a beneficial influence from such systems. In fact, NHTSA countermeasure effectiveness modeling predicts that “head-way detection systems can theoretically prevent 37% to 74% of all police reported rear-end crashes.” Thus, the introduction of collision warning systems could result in the dramatic reduction of crash fatalities, injuries, and property damage.
Radar Based Systems Occupy Highest Market Share
Radar-based systems accounted for over 41% of the global market in 2016. The segment is further expected to gain market share during the forecast period. The reducing prices of radars have led to the increased adoption of the technology by various automotive OEMs.
Europe is expected to continue to lead the market during the forecast period. It accounted for over 35% of the market, in 2016. The consumer preference in Europe was observed to be greatly inclined towards safety features of a vehicle and this was coupled with the presence of headquarters of companies, like Bosch, Continental, Autoliv, ZF, etc., which has allowed for technological advancements in safety segment. The updated ratings of safety agencies and incorporation of anti-collision systems in mass-market models by European commission are expected to propel the market growth over the next five years.
The market study on global automotive collision avoidance systems is segmented into radar, lidar, camera, and ultrasonic based on technology type; adaptive cruise control, blind spot detection, lane departure warning, electronic stability control, driver monitoring system and autonomous emergency braking based on device; and passenger cars, commercial vehicles based on vehicle type. This study covers all the major countries of North America, Europe, Asia-Pacific, and Rest of the World.
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