Collision Avoidance System Market

1. Collision Avoidance System Market Global Opportunity Analysis and Industry Forecast, 2017-2023

2. Collision Avoidance System Market Overview • According to a recent report published by Allied Market Research, titled, Collision Avoidance System Market by Type, Technology, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global collision avoidance system market was valued at $13.18 billion in 2016, and is projected to reach at $24.99 billion by 2023, growing at a CAGR of 9.7% from 2017 to 2023. • Collision Avoidance System Market is a safety awareness or a warning system designed to reduce the severity of a collision. Such systems are widely used in automobile and mining sectors to avoid accidents. It is also known as pre-crash system, forward collision warning system, or collision mitigating system. This system helps detect the imminent strike, alerting the driver about any collision. These systems are interpolated within the vehicle to enable semi-autonomous and autonomous decision-making. • In 2016, UK dominated the market in Europe; similarly, the U.S. led the overall market in North America. At present, Europe dominates this market, followed by North America. China dominates the market in Asia-Pacific.

3. Increase in demand for automated vehicles plays a vital role in driving the automobile collision avoidance system market. In addition, improved visibility & enhanced safety supplements the market. However, high installation cost hampers the growth of the market to a greater extent. On the other hand, increase in automotive safety norms and electronic integration in automotive is projected to create greater opportunities for market expansion. • The major companies profiled in the report include Delphi Automotive LLP, Robert Bosch GmbH, Denso Corporation, Autoliv, Inc., General Electric Company, Rockwell Collins, Inc., Honeywell International, Inc., Siemens AG, Alstom SA, and Wabtec Corporation. Read More at: https://www.alliedmarketresearch.com/collision-avoidance-system-market

4. Market Segmentation The automobile collision avoidance system market is segmented based on type, technology, application, and region. The type covered in the market research report include adaptive cruise control, autonomous emergency braking (AEB), lane departure warning system, parking assistance, and others (blind spot detection & night vision). The technology discussed in the study are LiDAR, RADAR, ultrasonic, and camera. The application segment includes automotive, aerospace & defense, marine, and rail. The regions considered in the study are North America, Europe, Asia‐Pacific, and LAMEA. Get PDF Brochure: https://www.alliedmarketresearch.com/request-sample/2380

5. Segmentation by Geography

6. Top Impacting Factors

7. Key Market Players

8. Key Benefits • This study comprises analytical depiction of the global collision avoidance systems market with current trends and future estimations to depict the imminent investment pockets. • The overall market potential is determined to understand the profitable trends to gain a stronger foothold. • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis. • The current market is quantitatively analyzed from 2017 to 2023 to highlight the financial competency of the market. • Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.

9. Key Findings • Adaptive cruise control type generated the highest revenue of the global collision avoidance systems market in 2016. • In 2016, the RADAR technology generated the highest revenue among the collision avoidance systems market. • LAMEA is anticipated to exhibit a highest CAGR during the forecast period. • In 2016, the automotive application segment contributed the highest market shares in the collision avoidance system market.

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