According to Research Report Published by Research Cosmos, Automotive Collision avoidance system tracks the object of collision risk and accordingly prompts or initiates evasive action to avoid a collision. The rising installation of sensors technology in automotive vehicles such as ultrasonic sensors and infrared sensors, rising installation of autonomous emergency braking system to reduce collision, electronic stability control system to reduce danger of skidding and losing control are some of the major drivers which fuels the collision avoidance system market.
The increasing government regulation related to vehicle security plays a major role for the growth of the collision avoidance system market. For example: In 2016, according to Indian Ministry of road Transport & Highways, it is mandatory for the OEMs to install anti-locking brake system on heavy vehicles. Similarly, in 2014, The European transport safety council have announced that its mandatory for the OEMs to install automated emergency braking systems, anti-lock braking systems, electronic stability control and seat-belt reminders in new vehicles. Moreover the increasing cases of road accidents have also raised the demand of collision avoidance system market globally. For instance: According to Indian Ministry of Road Transport & Highways, in 2016, around 150,785 people died due to road accident. Similarly, according to NHTSA data 37,461 lives were lost on U.S. roads.
Key features of the study:
This report provides an in-depth analysis of automotive collision avoidance system market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global Automotive Collision Avoidance System Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
Key companies covered as a part of this study include Alstom SA, Autoliv, Inc., Denso Corporation, General Electric Company, Hexagon AB, Honeywell International, Inc., Robert Bosch GmbH, Rockwell Collins, Inc., Siemens AG, Wabtec Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion and marketing tactics
The global Automotive Collision Avoidance System Market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Automotive Collision Avoidance System Market.