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Global Automotive Steering Avoidance System: Introduction

  • Automotive steering avoidance system market is likely to expand during the forecast period due to rising integration of advanced driving assistance systems in vehicles
  • Automotive steering avoidance system or steering collision system is used in vehicles to prevent collision by automatically steering the vehicle while sensing the obstacle or pre-collision. The automotive steering avoidance system is a safety system used in a vehicle to steer the vehicle pre-collision.
  •  Steering avoidance system utilizes a band or chain of technologies to detect obstacles, or the possibility of collision with the help sensors, radar, camera, and LiDAR to identify a vehicle approaching or obstacle by slightly steering to prevent direct collision or avoid the collision. The steering avoidance system provides signals to the driver on the dashboard or by vibrating or creating sound from the steering about a possible collision. When the driver does not respond on the warnings, the steering system operates automatically to reduce the effects of the collision.

Global Automotive Steering Avoidance System Market: Drivers

  • Rise in demand for technologically advanced vehicles is a major factor driving the automotive steering avoidance systems market. Vehicles are equipped with several systems that can detect obstacles and vehicles on the road, or around the vehicles, and take preventive measures to maintain the speed and distance of the vehicle from other surrounding vehicles.
  • High penetration of technologies, such as lane keep assist systems, is a key factor that is estimated to drive the global automotive steering avoidance system market during the forecast period
  • Increase in disposable income is fueling the procurement of premium vehicles equipped with such systems. This, in turn, is anticipated to propel the market for automotive steering avoidance systems during the forecast period.
  • Among technologies, emergency braking system and adaptive cruise control are likely to be the major technologies augmenting the expansion of the global automotive steering avoidance system market, as the demand for both systems is witnessing installation in vehicles at a high rate.

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Global Automotive Steering Avoidance System Market: Opportunities

  • Automotive steering avoidance system market is likely to expand with the rise in integration of automotive advanced driving assistance systems in vehicles. High focus on reducing road fatality rate is driving governments to mandate use of advanced technologies. Moreover, increase in demand for vehicles equipped with advanced and safety features is likely to offer high revenue generation opportunities in the market.
  • Development of autonomous vehicles is anticipated to offer growth opportunities, as level 3 and level 4 autonomous vehicles are equipped with a complete set of steering systems and operate automatically with some assistance of human drivers

Global Automotive Steering Avoidance System Market: Regional Overview

Europe is expected to lead the global automotive steering avoidance system market due to high focus on the adoption of safety technologies and stringent regulations for road transportation. Integration rate of advanced driving assistance system (ADAS) in vehicles is high in Europe. This is expected to be a key factor for the major market share of Europe. Presence of manufacturers, such as Volkswagen AG, BMW AG, and Daimler is boosting the market for automotive steering avoidance systems in the region, as large number of vehicles being offered by these manufacturers are equipped with steering avoidance system.

Global Automotive Steering Avoidance System Market: Competition Landscape

Global automotive steering avoidance system is highly concentrated comprising major automotive giants such as:

  • ZF Friedrichshafen AG
  • Continental AG
  • Robert Bosch GmbH
  • Valeo S.A.
  • Magna International Inc.

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Global Automotive Steering Avoidance System Market, by Technology

  • LiDAR
  • Radar
  • Camera
  • Sensors
  • Others

Global Automotive Steering Avoidance System Market, by Type

  • Pre-collision System
  • Lane Departure Warning
  • Adaptive Cruise Control
  • Steering Bypass Assist
  • Autonomous Emergency Braking
  • Parking Assist System
  • Others

Global Automotive Steering Avoidance System Market, by Operation Type

  • Autonomous Vehicle
  • Semi-autonomous Vehicle
  • Manual Vehicles

Global Automotive Steering Avoidance System Market, by Vehicle Type

  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial vehicle

Global Automotive Steering Avoidance System Market, by Sales Channel

  • OEM
  • Aftermarket

Global Automotive Steering Avoidance System Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

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Below is a snapshot of these quadrants.

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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Automotive Steering Avoidance System Market