22nd January 2020 – The Collision
Avoidance System Market report presents a widespread and elementary
study of Collision Avoidance System business at the side of the analysis of
subjective aspects which is able to give key business insights to the readers.
Worldwide Collision Avoidance System 2025 analysis report offers the analytical
read of the business by learning various factors like Collision Avoidance
System growth, consumption volume, market trends and Collision Avoidance System
business price structures throughout the forecast amount from 2014 to 2025.
The global Collision Avoidance System
Market size is expected to value at USD 18.97 billion by 2025. The collision
avoidance systems market is subject to witness a substantial growth due to the
introduction of advanced technologies in automotive sector such as LiDAR (Light
Detection and Ranging), digital camera, radar, and ultrasound technologies.
Luxury car manufactures are spending
substantial amount of money to exploit the use of high degree systems for their
active safety packages. Globally, the collision avoidance system market is
predicted to grow at CAGR of 21.2% in forecast period, providing numerous
opportunities for market players to invest for research and development in the
collision avoidance system industry.
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Robust growth in automotive industry in
North America and Asia pacific region due to the rising sales of sports,
utility and luxury vehicles is anticipated to boost market growth over the
forecast period. Rise in the number of manufactures that are incorporating the
collision avoidance system into their mass-market models is expected to pave a
way for future market developments. For instance, development of pre-crash
braking packages, auto-parking feature, auto-adjust headlamp, and vehicle
communication devices by Toyota has gained widespread popularity among
consumers.
Increasing adoption of collision
avoidance system allows the sharp decline in the number of road accidents.
Additionally, mitigating the impact on vehicle occupants and pedestrians, in a
case of an accident. These factors are expected to fuel the growth of collision
avoidance systems market over the next seven years.
Moreover, rising awareness among
consumers, higher approval rate, coupled with substantial investment by
industry participants for extensive research &development are propelling
market expansion, in the recent years. Introduction of automatic emergency
braking by the U.S. National Highway Traffic Safety Administration (NHTSA) to
limit crashes and reduce the loss of life is estimated to rocket market growth
in the upcoming years.
Asia-Pacific region is predicted to hold
major market share in the collision avoidance system with massive growth in
forecast period. Countries such as India, China and Singapore are leading the
Asia-Pacific market with robust growth of automotive sector, increasing demand
for luxury vehicles, strong economic growth, rising purchasing power of
consumers, and significant investment by leading industry players considering
potential growth opportunities in the region. The key players in the collision
avoidance system are Continental AG, Bosch SE, TRW automotive Co., Delphi
Automotive, Inc., and Denso Co.
Key Questions Answered:
-What is the industry size and rising
rate of the market for particular regions?
-What is the market size and development
rate of the global and regional market by various segments?
-Which region is expected to drive the
market by the forecast period?
-What are the key technological and
industry trends affecting the market?
-What are the significant key players
performing in the market?
-What factor are estimated in drive and
restrain the market growth?
-What are the key opportunities in the
market?
-Which company accounted for the highest
market share?
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