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.

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.
 

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

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

This report provides comprehensive analysis of

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

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?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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