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[2020-2030 Edition] Collision Avoidance System Market Report: Product Experts Ideas from Delphi Automotive, Bosch, Denso Corpo, Autoliv, General Electric, Rockwell, Honeywell, Siemens, Alstom, and Wabtec Corp

04-20-2020 11:19 AM CET | Tourism, Cars, Traffic

Press release from: Allied Market Research

Collision Avoidance System Market

Collision Avoidance System Market

The global collision avoidance systems market is expected to witness high growth rate due to increase in demand for the automated vehicles, improvement of visibility, and enhanced safety. However, high installation cost impedes the market growth.

The global collision avoidance system market was valued at $13.18 billion in 2016, and is projected to reach at $24.99 billion by 2023, growing at a CAGR of 9.7% from 2017.

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The collision avoidance system market signifies a promising picture for the automotive industry. The current business scenario has witnessed an increase in the demand for the collision avoidance system particularly in the developing regions. The companies adopt innovative techniques in an effort to provide customers with advanced and innovative product offerings.

The factor responsible for collision avoidance system uptake is rate of the technological advances. Inspire of the recent advancements, there exists further scope for improvement. For instance, systems such as autonomous emergency braking system still has difficulty in identifying the objects when vehicle is at a high speed. Collision avoidance system seeks for cost-effective system solutions, which is fully integrated with other sensors.

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Among North America, Asia-Pacific, Europe, and LAMEA, Europe exhibits the highest revenue in the market. On the other hand, LAMEA is expected to grow at a faster pace, predicting a lucrative market growth for collision avoidance systems.

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 are key market players that occupy a significant revenue share in the collision avoidance systems market.

Key Benefits

o This study comprises analytical depiction of the global collision avoidance systems market with current trends and future estimations to depict the imminent investment pockets.

o The overall market potential is determined to understand the profitable trends to gain a stronger foothold.

o The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.

o The current market is quantitatively analyzed from 2017 to 2023 to highlight the financial competency of the market.

o Porter's Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.

Access Report Summary: https://www.alliedmarketresearch.com/collision-avoidance-system-market

Collision Avoidance System Market Key Segments:

By Type

o Adaptive Cruise Control (ACC)
o Autonomous Emergency Braking (AEB)
o Lane Departure Warning System (LDWS)
o Parking assistance
o Others (blind spot detection & night vision)

By Technology

o LiDAR
o RADAR
o Ultrasonic
o Camera

By Application

o Automotive
o Aerospace & Defense
o Marine
o Rail

By Region

o North America

o U.S.
o Canada
o Mexico

o Europe

o UK
o Germany
o France
o Rest of Europe

o Asia-Pacific

o China
o Japan
o India
o Rest of Asia-Pacific

o LAMEA

o Latin America
o Middle East
o Africa

Key Market Players Profiled

o Delphi Automotive LLP
o Robert Bosch GmbH
o Denso Corporation
o Autoliv, Inc.
o General Electric Company
o Rockwell Collins, Inc.
o Honeywell International, Inc.
o Siemens AG
o Alstom SA
o Wabtec Corporation

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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