The escalation in the accident rates worldwide has prompted manufacturers to put in systems that can reduce the damage sustained in the event of an accident. Market reports connected with the automobile industry have been presented by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better. The Global Collision Avoidance System Market is projected to be buoyed by an 8% CAGR in the forecast period.

The innovations observed in the radar and LIDAR are expected to substantially increase the growth of the automotive collision avoidance system market. Increasing awareness about road safety has increased the efficiency of such systems and will alter the development of the market effectively in the forecast period. Increasing emphasis by government agencies is projected to further spur the expansion of the automotive collision avoidance system market in the forecast period.

Segmental Analysis

The segmentation of the automotive collision avoidance system market is carried out on the basis of vehicle type, process type, sales channel, and region. Based on type, the automotive collision avoidance system market has been segmented into autonomous emergency braking, adaptive cruise control, blind spot detection, and lane departure warning. Based on technology, the market has been segmented into LIDAR, radar, and camera. Based on sales channel, the automotive collision avoidance system market has been divided into OEM and aftermarket. On the basis of vehicle type, the market has been segmented into commercial vehicle, passenger car, and electric vehicle.

Detailed Regional Analysis

The regional analysis of the automotive collision avoidance system market comprises of regions such as North America, Asia Pacific, Europe, and the Rest of the World. The automotive collision avoidance system market in the European region is anticipated to control the market in terms of value and volume. In the European region, the increasing sales of the luxury vehicle, specifically sports utility vehicle (SUV) will raise the demand for collision avoidance systems in vehicles. Furthermore, the amplified vehicle safety concerns among consumers will control the progress of the market for the automotive collision avoidance system globally. The North American regional market is projected to develop at an elevated CAGR during the forecast period.

Competitive Landscape

The market trends hint at favorable development of the products that can bring in novelty to the product range and address the customer need better. The market also shows potential for demonstrating a greater comparative or differential value. The presence of a productive entity is expected to generate more sales or superior margins compared to its market rivals. The advent of new technology has boosted the growth potential of the market. Substantial cutbacks in administrative finances are bringing further development to the market. The development of a strong value chain is moreover motivating the expansion of the market. The market competitors find themselves in a favorable position with the ability to manage the pace of change.

The leading contenders in the automotive collision avoidance system market globally are Robert Bosch GmbH (Germany), General Electric Company (US), Aptiv Plc (Republic of Ireland), Denso Corporation (Japan), and Honeywell International, Inc. (US), Alstom SA (France), Rockwell Collins, Inc. (US), Siemens AG (Germany), and Hexagon AB (Sweden) among others.

Industry Updates:

Jan 2019 nanotron has announced a new collision avoidance system explicitly intended for mine safety. The PDS2400 exploits nanotron’s swarm bee family of smart RF modules for location sensing. The new system also intends to give designers modular solutions that will lessen the time required for successful deployment and system customization. The PDS2400 collision avoidance system (CAS) is the outcome of the partnership between Selectronic, who is a well-noted mainstay in industrial safety, and nanotron Technologies GmbH, that is an established provider of location-aware IoT sensors and wireless technology.