The global collision avoidance system market is anticipated to grow at a considerable CAGR of around 7.5% during the forecast years. The collision avoidance system is used in various transport modes including cars, trucks, trains, planes, ships, and trains, to avoid collision by indicating the operator or automatically taking a decision in case of emergency. There are various types of collision avoidance systems including Airborne Collision Avoidance Systems (ACAS) for airplanes, Train Collision Avoidance System (TCAS) for better safety in rail routes, Ground Proximity Warning System (GPWS), and Obstacle Avoidance System for road transport.
Browse the full report description of “Global Collision Avoidance System Market Size, Share & Trend Analysis Report by Technology (Radar, Camera, Ultrasound, and LiDAR), by Functionality (Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Parking Assistant, Lane Departure Warning System, and Others), by End-user (Automotive, Marine, Aerospace and Defense, and Railways), Forecast (2022-2028)” at https://www.omrglobal.com/industry-reports/collision-avoidance-system-market
The key factor for the growth of the global collision avoidance system market is increasing awareness of safety among people and increasing road accidents globally. According to World Health Org. (WHO), it has been reported that around 1.3 million people die every year due to road accidents, due to which people are more inclined towards the safety features in their vehicles. In addition, government has also imposed major guidelines for the manufacturer regarding addition of safety features in the passenger vehicles. Following the government guidelines, the demand for safety including collision avoidance systems such as pedestrian detection systems, adaptive cruise control, lane change warning system, and others is increased.
In addition, as reported in Economic Times Auto, according to a survey 3 out 4 respondents preferred 5-star safety-rated vehicles for their future purchase. The other reason for the growth of the market is the increased air traffic, increasing the demand for airborne collision avoidance systems (ACAS). These ACASs are used in Aeroplanes to track the other planes in the air and warn the pilots about the nearby planes to avoid the collision. Resulting in the growth of the global collision avoidance system market.
Market Coverage
• The market number available for – 2022-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Technology
o By Functionality
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Aptiv Global Operations Ltd., Autoliv Inc., Continental AG, Mobileye, Robert Bosch GmbH, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Collision Avoidance System Market Report by Segment
By Technology
By Functionality
By End-User
Global Collision Avoidance System Market Report Segment by Region
North America
• The US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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