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Collision Avoidance System Market Geographical Region and Growth Prospects by 2025




The global?collision avoidance system market?is expected to reach USD 18.97 billion by 2025, according to a new study conducted by Grand View Research, Inc. The updated ratings of safety agencies and incorporation of anti-collision systems in mass-market models are expected to propel the market growth over the next six years.

The increasing awareness among consumers and extensive R&D by market players have fueled the market growth. Collision avoidance systems enable vehicles to carry out semi-autonomous and autonomous decision-making. The rising need for security from consumers and governments is also expected to drive the collision avoidance systems market growth.

The recent developments in the sensor technology are oriented toward making highly sophisticated devices and augmenting them with various parts of an automobile. Anti-collision systems enable automotive OEMs to integrate additional intelligence to achieve the goal of an autonomous car.

Strict legal and regulatory standards have mandated the inclusion of sensors in motor vehicles. This is further estimated to drive the collision avoidance systems market. However, the high costs of long-range radars and LiDAR-based systems may restrain the market growth as low-price carmakers may abstain from adding onto the cost of vehicles.

Further key findings from the study suggest:

Radar-based systems accounted for over 41% of the global market in 2015. The segment is further expected to gain market share over the forecast period.
The reducing prices of radars have led to the increased adoption of the technology by various automotive OEMs
Camera-based collision avoidance systems are expected to witness high growth, owing to the government regulations mandating their incorporation into vehicles
Adaptive cruise control accounted for a major market share in 2015. Such systems rely on long-range and medium and short-range radar systems to automatically adjust a vehicle?s speed.
Technological innovations may mandate the incorporation of systems in vehicles to counter the threat of accidents due to human errors, which account for 90% of accidents, according to a 2014 UN Road Safety Collaboration study
Europe is expected to continue to lead the market over the forecast period. It accounted for over 33% of the market in 2015.
The key industry participants include Bosch, Continental, Delphi, Denso, Autoliv, and TRW, among others

Grand View Research has segmented the global collision avoidance system market based on technology, application, and region:

Collision Avoidance System Technology Outlook (Revenue, USD Million, 2014 – 2025)

Radar
Camera
Ultrasonic
LiDAR

Collision Avoidance System Application Outlook (Revenue, USD Million, 2014 – 2025)

Adaptive Cruise Control (ACC)
Blind Spot Detection (BSD)
Forward Collision Warning System (FCWS)
Lane Departure Warning System (LDWS)
Parking Assistance
Others

Collision Avoidance System Regional Outlook (Revenue, USD Million, 2014 – 2025)

North America
US.
Canada
Europe
Germany
France
Asia Pacific
China
Japan
India
Latin America
Mexico
Brazil
The Middle East and Africa

?About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The?company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:?www.grandviewresearch.com





Posted by on 9. October 2019. Filed under Semiconductors. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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