Collision Avoidance System Market by Type (Adaptive Cruise Control, Autonomous Emergency Braking (AEB), Lane Departure Warning System, Parking Assistance, and Others), Technology (LiDAR, RADAR, Ultrasonic, and Camera), and Application (Automotive, Aerospa

Collision Avoidance System Market is a safety awareness or a warning system designed to reduce the severity of a collision. Such systems are widely used in automobile and mining sectors to avoid accidents. It is also known as pre-crash system, forward collision warning system, or collision mitigating system. This system helps detect the imminent strike, alerting the driver about any collision. These systems are interpolated within the vehicle to enable semi-autonomous and autonomous decision-making.

Increase in demand for automated vehicles plays a vital role in driving the automobile collision avoidance system market. In addition, improved visibility & enhanced safety supplements the market. However, high installation cost hampers the growth of the market to a greater extent. On the other hand, increase in automotive safety norms and electronic integration in automotive is projected to create greater opportunities for market expansion.

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The major companies profiled in the report include Delphi Automotive LLP, Robert Bosch GmbH, Denso Corporation, Autoliv, Inc., General Electric Company, Rockwell Collins, Inc., Honeywell International, Inc., Siemens AG, Alstom SA, and Wabtec Corporation.

The automobile collision avoidance system market is segmented based on type, technology, application, and region. The type covered in the market research report include adaptive cruise control, autonomous emergency braking (AEB), lane departure warning system, parking assistance, and others (blind spot detection & night vision). The technology discussed in the study are LiDAR, RADAR, ultrasonic, and camera.

Increase in demand for automated vehicles, improved visibility & enhanced safety, high installation cost, and increase in automotive safety norms & electronic integration in automotive are the significant factors that impact the growth of the global collision avoidance systems market. These factors are anticipated to either drive or hamper the market.

Key Benefits

• This study comprises analytical depiction of the global collision avoidance systems market with current trends and future estimations to depict the imminent investment pockets.
• The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current market is quantitatively analyzed from 2017 to 2023 to highlight the financial competency of the market.
• Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.

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