The latest report from RnR Market Research forecasts the global collision avoidance system market to grow at a CAGR of 22.02 per cent over the period 2014-2019
The 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. It includes a discussion of the key vendors operating in this market.
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 report 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.
These collision avoidance systems are termed as life saving 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 minimising the impact of accidents. These systems, in many cases, either adjust the steering response or increase the braking power to improve preventive actions.
According to the report, the quest for automobile safety is considered one of the key drivers in the development of advanced automobile safety systems and collision avoidance system market. 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 2015 collision avoidance system market research 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 industry growth.
Commenting on this latest report on collision avoidance system market, an analyst said: "The automotive industry endeavours 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."
The 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. It includes a discussion of the key vendors operating in this market.
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 report 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.
These collision avoidance systems are termed as life saving 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 minimising the impact of accidents. These systems, in many cases, either adjust the steering response or increase the braking power to improve preventive actions.
According to the report, the quest for automobile safety is considered one of the key drivers in the development of advanced automobile safety systems and collision avoidance system market. 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 2015 collision avoidance system market research 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 industry growth.
Commenting on this latest report on collision avoidance system market, an analyst said: "The automotive industry endeavours 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."
