A forward collision warning system is an active safety feature that warns a driver in the event of imminent frontal collision. When the vehicle comes too close to another vehicle in front of it, a visual and audible signal occurs to alert the driver to the situation. It is also known as pre-crash system or collision mitigation system. It utilized radar and sometimes laser (LIDAR) and camera to detect an imminent crash.

Demand for forward collision warning system is rising due to the increasing concern of society toward safety and forward collision system comes by default in the autonomous vehicles. The forward collision warning system market is estimated to expand at a remarkable pace due the automation of the automotive industry. Several automotive manufacturers are providing this feature even in small segmented cars in order to reduce the number of road accidents.

The forward collision warning system market can be segmented based on the warning systems used, reaction of the warning system, placement of the system in the vehicle, type of manufacturer, type of the vehicle, and region.

Based on the warning system used, the forward collision system market can be categorized into radar, LIDAR, and camera. In a radar warning system (Radio detection and ranging) technology, radio waves are used to measure the distance from the other vehicle or any hurdle in the way. In LIDAR (Light Detection and Ranging) technology, a laser emits an infrared laser beam from the hood of the vehicle, which reflects off another vehicle and allows the distance between the two vehicles to be measured. Camera warning systems work differently than radar and laser warning systems. Instead of relying on Doppler Shift readings or reflections, this forward collision warning system has a camera mounted on the front of the vehicle and an electronic image-processor. The camera and image-processor are used to determine the risk of frontal collision.

In terms of reaction of the system, the forward collision warning system market can be categorized into three types on the basis of the reaction of the system as warning and preparing brakes, warning and autonomous braking, and autonomous braking. The first type of reaction system issues a warning and prepares the braking system to provide maximum stopping power the moment the driver presses the brake pedal. This type of system does not autonomously apply the brakes. The second type of reaction system is estimated to warn the driver and autonomously apply the brakes in order to slow the vehicle prior to impact or to stop a vehicle and prevent an impact. These systems first warn the driver and prepare the brakes for full stopping power, and then, if the driver fails to respond to the warning, they will try to slow or stop the vehicle without driver input. The third type of reaction system autonomously brakes the car without first warning the driver. It first identifies the potential for a collision, and then readies the braking system to deliver maximum stopping power when the driver reacts. If the driver does nothing, however, the system autonomously engages the vehicle’s brakes.

Based on the type of vehicle, the forward collision warning system market can be segmented into passenger vehicle and commercial vehicle. The passenger vehicle segment is further sub-segmented into hatchback, sedan, and multi utility vehicle (MUV). The commercial vehicle segment is further sub-segmented into light commercial vehicle (LCV) and heavy commercial vehicle (HCV).

In terms of region, the forward collision warning system market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe dominate the global forward collision warning system market due to the increasing concerns about safety and the presence of advanced technologies in the regions. Asia Pacific is an emerging market for the forward collision system.

Key manufacturers operating in the forward collision warning system market are Delphi Automotive LLP, Velodyne LiDAR Inc., Gentex Corporation, ZF Friedrichshafen, Continental AG, and Denso Corporation.

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.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

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.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Forward Collision Warning System Automotive Market

Pre Book