Press release
Forward Collision Warning System for Automotive Market | Estimated Value of USD 34.58 billion by 2026 | CAGR 9.98%
Forward Collision Warning System for Automotive market
Global forward collision warning system for automotive market is expected to rise to an estimated value of USD 33.58 billion by 2026, registering a CAGR of 9.98% in the forecast period of 2019-2026. Rising demand for automated vehicles and rising safety awareness is the major factor for the growth of this market.
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Market Definition: Global Forward Collision Warning System for Automotive Market
Forward collision warning system or collision avoidance system or collision mitigation system is specially designed system whose main aim is to reduce austerity of an accident. They are designed to eliminate the accidents between railways, marines, automobiles etc. It uses technologies like LiDAR, ultrasonic; RADAR etc. do detect the collisions. Blind spot detection, adaptive cruise control, lane departure warning system, etc. are some of the common forward collision warning system.
Market Drivers:
Increasing safety concerns is driving the growth of this market
Rising demand for automated vehicle is another factor acting as a driver for the growth of the market
Technological advancement and development is enhancing the growth in the market
Strict government regulation related to forward collision warning system is a key factor for the market growth
Market Restraints:
High installation cost is hindering the market growth
Presence of low- price carmaker is another factor restraining the growth of the market
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Segmentation: Global Forward Collision Warning System for Automotive Market
By Type
Adaptive Cruise Control
Autonomous Emergency Braking
Lane Departure Warning System
Parking assistance
Blind Spot Detection
Others
By Technology
LiDAR
RADAR
Ultrasonic
Camera
By Application
Automotive
Aerospace & Defense
Marine
Rail
Others
By Product Type
Airborne Collision Avoidance System
Traffic Collision Avoidance System
Terrain Awareness and Warning System
FLARM
Ground Proximity Warning System
Portable Collision Avoidance System
Synthetic Vision
Obstacle Collision Avoidance System
By Sales Channel
OEM
Aftermarket
By Geography
North America
US
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa
Key Developments in the Market:
In March 2019, Conplant announced the launch of their new smart collision avoidance system namely Integrated Intelligent Collision Avoidance System (IICAS) which has the ability to slow down the machine whenever they detect any problem in the machine. The main aim of the launch is to meet the rising demand for safety among population. It also has True 3D Smart Cameras which have the ability to detect potential collisions.
In January 2019, Nanotron Technologies GmbH announced the launch of their new PDS2400 Collision Avoidance Solution (CAS) for open-pit mine safety. It is specially designed to supports collision awareness and proximity warning between fast moving vehicles. It also has ready-to-go system and turnkey which usually requires calibration before use. They have the ability to track objectswith an accuracy upto 10cm.
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Competitive Analysis: Global Forward Collision Warning System for Automotive Market
Global forward collision warning system for automotive market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of forward collision warning system for automotive market for global, Europe, North America, Asia-Pacific and South America.
Major Market Competitors/Players: Global Forward Collision Warning System for Automotive Market
Few of the major competitors currently working in the global forward collision warning system for automotive market are Delphi Technologies, Robert Bosch GmbH, DENSO CORPORATION, Autoliv Inc, Becker Mining, Wabtec Corporation, Siemens, Collins Aerospace., Alstom, GENERAL ELECTRIC, Honeywell International Inc, Saab AB, ZF Friedrichshafen AG, Continental AG, Gentex Corporation, Velodyne Lidar, Inc.
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