Automotive Collision Avoidance System Market Overview:

The automotive collision avoidance system is a safety system in the vehicle manufactured to prevent vehicle crash. The collision avoidance system in the vehicle primarily uses radar and LIDAR to detect an imminent crash. Also, GPS feature is used to detect stop signs through a location database and approach the brakes in the vehicle. The system acts autonomously without any driver input during an imminent crash. Collision avoidance can be carried out by braking or steering.
The automotive collision avoidance system is one of the safety systems inside the vehicle used to reduce the risk of collision. The system uses different technologies such as radar, LIDAR, and camera to provide extra safety to the vehicle or passenger. The system first detects the impending collision and then sends warning signals to the driver. Collision avoidance working can be carried out through the braking system or steering system. The braking system is very useful during the low speed of the vehicle. In Dec 2017, the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS) stressed upon the need for collision avoidance system in the automobile, which is appreciated by the top manufacturers in the U.S. market.
Key Players in Automotive Collision Avoidance System Market:
The prominent players in the global automotive collision avoidance system market include Aptiv Plc (Republic of Ireland), Robert Bosch GmbH (Germany), General Electric Company (U.S.), Denso Corporation (Japan), and Honeywell International, Inc. (U.S.). Siemens AG (Germany), Alstom SA (France), Rockwell Collins, Inc. (U.S.), and Hexagon AB (Sweden) are among others.
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Automotive Collision Avoidance System Market Segmentation:
By Type
• Adaptive Cruise Control
• Autonomous Emergency Braking
• Blind Spot Detection
• Lane Departure Warning
• Others
By Technology
• Radar
• LIDAR
• Camera
• Others
By Sales Channel
• OEM
• Aftermarket
By Vehicle Type
• Passenger Car
• Commercial Vehicle
• Electric Vehicle
By Region
• North America
• Asia-Pacific
• Europe
• Rest of the World
Regional Analysis:
North America is projected to grow at a higher CAGR during the forecast period. In North America, growing participation of the automobile associations and government of the U.S. and Canada in the development of automotive collision avoidance system will significantly add to the market growth in terms of value and volume. Increase in government regulation and programs such as advanced car assessment program in the U.S. will boost the demand for the automotive collision avoidance system during the forecast period. Asia-Pacific will play a significant role in improving the presence of the automotive collision avoidance system due to the presence of China, Japan, and India. Increase in the presence of manufacturers in the Asia-Pacific will reduce the high cost of the product and influence the sales of automotive collision avoidance system during the forecast period. The rest of the world that includes consists of the Middle East & Africa and South America, is expected to generate the highest revenue and witness the highest CAGR in 2017 and during the forecast period.
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