A collision avoidance system is an automobile safety system which is designed to reduce the risk of accident by alert the driver of an automobile by using different technologies. As there have been so many technology advancement taking place in automobile in spite of it, number of accident are rising up. This is especially true for intersection accidents, the ratio of intersection accidents is largest among total number globally. As a result it is recommended that intersection collision system must be implemented in automobiles as a part of vehicle safety system. A collision avoidance system consists of a processor, controller which are responsible to get task performed and control each component such as different sensors, indicators. Sensors are used to detect or sense the obstacles or other automobiles which come in front of the sensor and hence it sends the message to the controller and controller take further action as per different system. These sensors are also of different types it can be sound sensor which works on ultrasonic frequency, light sensors like LASER, cameras & so many. The output would be sent to the LCD screen installed in front of the driver and also the buzzer starts producing sounds to make alert the driver depends on the system.
The global collision avoidance sensor market has witnessed high growth over the past some years and with advancement in camera, RADAR, LiDAR & ultrasound technology it is expected to experience same growth during forecast period as well.
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Collision Avoidance Sensor Market: Market Dynamics
The key trend of global collision avoidance sensors market is the growing demand of automotive safety system by the users and hence the different automobile safety system manufacturers are focusing on developing innovation in technology and investing in R&D in order to remain competitive in the market. The key growth drivers of global collision avoidance sensor market are increasing customer awareness towards automotive safety systems along with the increasing interest of consumers to avail inbuilt collision avoidance system even in the entry level automotive vehicles are playing a key role as a growth driver for global automotive collision avoidance sensor market. On the other hand the functional limitation of collision avoidance sensors which are not sufficient to sense all types of accidents hence further advancement is necessary in that is presently hindering the growth of global collision avoidance sensor market are acting as the key restraint for this market.
Collision Avoidance Sensor Market: Segmentation
Segmentation of Collision avoidance sensor market is done on the basis of product type, functionality & Geography. On the basis of product type the global collision avoidance market is segmented as camera, Radar, LiDAR & ultrasound sensors. On the basis of functionality, the global collision avoidance sensor market is segmented as blind spot detection (BSD), lane departure warning System (LDWS), adaptive cruise control (ACC), parking assistance & others.
Geographically, global collision avoidance sensor market is segmented into seven regions ; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA). Among all the regions North America & Western Europe are the highest contributor in terms of revenue in global collision avoidance sensor market because government’s rules and regulations according to which automobile safety systems have been mandated in the motor vehicle.
Collision Avoidance Sensor Market: Key Players
The key players of global collision avoidance sensor market are Bosch Limited, DENSO CORPORATION, Delphi Automotive LLP, Autoliv Inc., Infineon Technologies AG, Murata Manufacturing Co. Ltd. Analog Devices Inc. & others.
The report covers exhaustive analysis on:
- Collision avoidance sensor Market Segments
- Collision avoidance sensor Market Dynamics
- Historical Actual Market Size, 2012 – 2014
- Collision avoidance sensor Market Size & Forecast 2016 to 2026
- Supply & Demand Value Chain
- Collision avoidance sensor Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
- Collision avoidance sensor Market Drivers and Restraints
Regional analysis for Collision avoidance sensor Market includes
- North America US & Canada
- Latin America Brazil, Argentina & Others
- Western Europe EU5 Nordics Benelux
- Eastern Europe
- Asia Pacific Australia and New Zealand (ANZ) Greater China India ASEAN Rest of Asia Pacific
- Middle East and Africa GCC Countries Other Middle East North Africa South Africa Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint.
NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.
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