Collision Mitigation Technology Market

Collision mitigation technology improves vehicle safety by reducing or preventing rear-end collisions. The collision mitigation technology is a radar-based, forward-looking technology, based on adaptive cruise control (ACC) with active braking. When a vehicle comes within a predefined distance of another vehicle or obstacle, the collision mitigation technology provides an audible and /or visual warning that enables the driver to decelerate or correct his driving behavior. When a vehicle intrudes its preset safe distance, the collision mitigation technology not only warns the driver but also initiates braking, thus preventing a collision.

The advantage of collision mitigation technology is to reduce rear-end crashes and reduce severity of accidents, which is expected to boost the demand for the technology. The collision mitigation technology is integrated with stability control system and antilock braking system, which are also capable to reduce the loss of control and rollover crashes. Rising demand for high-speed vehicles is driving the need to adopt advanced technologies such as collision mitigation technology in order to satisfy consumer interest without compromising on safety. Increase in concern about occupant safety and awareness programs by traffic administrations worldwide are anticipated to boost the collision mitigation technology market. The collision mitigation technology has a particular advantage in commercial vehicles, as vehicles carrying heavy loads are difficult to stop, as compared to passenger vehicles. Intercontinental trucking activities are highly popular in North America and Europe, which in turn is expected to drive the collision mitigation technology market in these regions. Rapid economic development in Asia Pacific is boosting the sales of commercial vehicles, thereby fuelling the demand for commercial vehicles in the region. This, in turn, is expected to propel the demand for collision mitigation technology.

The collision mitigation technology is an expensive technology, as it uses multiple other collision avoidance systems such as ABS, ACC, and stability control. This is a key factor restraining the market.

The global collision mitigation technology market can be segmented based on technology, vehicle, sales channel, and region. Based on technology, the collision mitigation technology market can be classified into radar, ultrasonic, LiDAR, and camera.

In terms of vehicle, the collision mitigation technology market can be split into passenger vehicle and commercial vehicle.

Based on sales channel, the collision mitigation technology market can be bifurcated into OEM and aftermarket. Competition among automakers is compelling them to offer safety features to gain competitive edge. Therefore, the collision mitigation technology is estimated to be primarily introduced in the market as OEM-fitted equipment.

In terms of region, the collision mitigation technology market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe being developed regions witness a high demand of safety systems and hence, are anticipated to lead the global collision mitigation technology market.

Key players operating in global collision mitigation technology market include Meritor WABCO, Bendix Commercial Vehicle Systems LLC, DENSO Corporation, Robert Bosch GmbH, and Autoliv.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

• Market segments and sub-segments
• Market trends and dynamics
• Supply and demand
• Market size
• Current trends/opportunities/challenges
• Competitive landscape
• Technological breakthroughs
• Value chain and stakeholder analysis

The regional analysis covers:

• North America (U.S. and Canada)
• Latin America (Mexico, Brazil, Peru, Chile, and others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
• Eastern Europe (Poland and Russia)
• Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
• Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

• A complete backdrop analysis, which includes an assessment of the parent market
• Important changes in market dynamics
• Market segmentation up to the second or third level
• Historical, current, and projected size of the market from the standpoint of both value and volume
• Reporting and evaluation of recent industry developments
• Market shares and strategies of key players
• Emerging niche segments and regional markets
• An objective assessment of the trajectory of the market
• Recommendations to companies for strengthening their foothold 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.