Collision
avoidance systems are safety systems which are used for
reducing severity of an accident. These systems are mostly
implemented in automotive, construction and mining sectors among
others. Collision avoidance system uses laser, camera, radars, LIDAR
and sensors to detect a forthcoming crash and alerts the driver about
an imminent collision. Sometimes, it automatically takes the action
without input of the driver. Collision avoidance systems are
incorporated within cars by major automobile manufacturers worldwide,
such as Audi, BMW, Cadillac, Fiat, Hyundai, Mitsubishi, Nissan,
Toyota, Volkswagen, Mercedes-Benz, Ford, Honda and General Motors
among others.
Some of the key
driving factors for the global collision avoidance system market is
increasing awareness among consumers and original equipment
manufacturers for vehicle safety. Moreover, rising government
regulations coupled with development of advanced car assessment
programs are set to augment the growth of the market for collision
avoidance system during the forecast period. In January 2015, the
National Highway Traffic Safety Administration of the U.S. announced
development of automated emergency braking system into its updated
car assessment program in order to avoid or prevent severity of
collisions. Moreover, increasing sales of luxury vehicles and sports
utility are anticipated to drive the growth of collision avoidance
system market. Different geographical drivers are also accountable
for the growth of this market. Increasing automotive safety norms in
emerging economies, such as Asia Pacific, Middle East and Africa is
expected to create significant opportunity for the growth of this
market in the future. However, cyclic nature of automotive production
and sales is likely to hinder the growth of the market. Moreover,
radar and LiDAR based collision avoidance systems are costly and
low-priced car manufacturers often avoid addition of these systems
into the vehicles, which in turn, is expected to restrain the market
growth.
Global collision
avoidance system market can be broadly classified on the basis of
type, technology, application and geography. The market can be
subdivided by type into adaptive cruise control, lane departure
warning, blind spot detection, night vision, autonomous emergency
braking, driver monitoring system and others. By technology, the
market for collision avoidance system has been segmented into LiDAR,
radar, ultrasonic and camera. The market can be bifurcated by
application into automotive, airborne, construction, marine and rail.
By geography, the global collision avoidance system market has been
classified into North America, Europe, Asia Pacific and Rest of the
World.
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In the present
scenario, the collision avoidance system market is dominated by
Europe in terms of revenue, followed by North America and
Asia-Pacific. The major factor responsible for potential development
of this market in Europe is growing awareness for safety features
within vehicles and immense advancement of automotive sector.
However, Asia Pacific is likely to witness potential growth in the
future, mainly due to increasing government regulations regarding
installation of collision avoidance systems.
Some of the Top
Players in the market for collision avoidance system are
Honeywell International, Inc. (U.S.), Robert Bosch GmbH (Germany),
General Electric Company (U.S.), Siemens AG (Germany), Alstom SA
(France), Rockwell Collins, Inc. (U.S.), Hexagon AB (Sweden), Becker
Mining Systems AG (Germany), Wabtec Corporation (U.S.) and Denso
Corporation (Japan) among others.
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