Industry Outlook and Trend Analysis
The Collision Avoidance System Market was worth USD 31.25 billion in 2014 and is expected to reach approximately USD 60.77 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.67% during the forecast period. The market has seen development in the course of recent years, attributable to the high level of advancement in the field of LiDAR, radar, ultrasound, and camera innovations. Luxury automakers keep on exploiting the capability of such systems as a part of their active safety package. The developing sales of utility, sports, and luxury vehicles are foreseen to drive the counter impact frameworks industry development. Some major automakers have just started the reconciliation of basic collision avoidance systems into their mass-market models.
Technology Outlook and Trend Analysis
Various technology-based collision avoidance systems, for example, ultrasound, LiDAR, camera, and radar, provide pre-crash mitigation and active safety capacities to engine vehicles. Radars are favoured in the setup that need exact assurance of separation and area of any impediment. Cameras, both vision, and infrared have a shorter field of view than radars however help in recognizing the sort of impediment.
The leading players in the market are TRW Automotive, Denso, Robert Bosch GmbH, Delphi Automotive Systems and Continental AG. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Application Outlook and Trend Analysis
The development of the industry is boosted by the rising sales of Advanced Driver Assistance Systems (ADAS), for example, blind spot detection, lane departure warning, adaptive cruise control, forward collision warning setup, and parking assistance, among others. Vehicles outfitted with stopping help make use of a variety of ultrasound and anti-collision systems.
Regional Outlook and Trend Analysis
North America and Europe are developing markets of anti-collision systems as the propelled safety in motor vehicles has been ordered by government controls in the area. For instance, the Electronic Stability Control (ESC) standard is implemented in all the new vehicles since 2012 in the U.S. The European NCAP needs passenger vehicles to provide the emergency autonomous braking solution for accomplishing the organization’s most astounding safety rating.
The Collision Avoidance System Market is segmented as follows-
Blind Spot Detection (BSD)
Lane Departure Warning (LDW)
Adaptive Cruise Control (ACC)
Forward Collision Warning (FCW)
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?