The automobile collision avoidance system market is segmented based on type, technology, application, and region.

Portland, OR -- (SBWire) -- 03/16/2018 --Collision Avoidance System Market is a safety awareness or a warning system designed to reduce the severity of a collision. Such systems are widely used in automobile and mining sectors to avoid accidents. It is also known as pre-crash system, forward collision warning system, or collision mitigating system. This system helps detect the imminent strike, alerting the driver about any collision. These systems are interpolated within the vehicle to enable semi-autonomous and autonomous decision-making. Moreover, such systems automatically take action without any input from the driver.

Increase in demand for automated vehicles plays a vital role in driving the automobile collision avoidance system market. In addition, improved visibility & enhanced safety supplements the market. However, high installation cost hampers the growth of the market to a greater extent. On the other hand, increase in automotive safety norms and electronic integration in automotive is projected to create greater opportunities for market expansion.

The major companies profiled in the report include Delphi Automotive LLP, Robert Bosch GmbH, Denso Corporation, Autoliv, Inc., General Electric Company, Rockwell Collins, Inc., Honeywell International, Inc., Siemens AG, Alstom SA, and Wabtec Corporation.

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In recent years, there is considerable developments in the automated driving systems (ADS). Some of the cars sold today have adopted to the automated operations. In addition, prototype cars, which are capable of the autonomous driving are being tested on public roads of Europe, Japan, and the U.S. Automated system features reduced congestions, improved safety, and less stress level for car occupants. Due to the presence of such features, there is increase in demand for the automated vehicles, which supplements the growth of collision avoidance system market.

Reduced visibility conditions such as fog frequently causes multiple vehicle crashes with the serious consequences. Collision avoidance systems warns the driver whenever vehicle is in a condition to collide or crash on to the upfront object, which helps in collision/crash avoidance, particularly in reduced visibility conditions. Moreover, this helps in the upgradation of the safety of the vehicle as well as the occupants, which in turn drives the global collision avoidance system market.

Key Benefits

-This study comprises analytical depiction of the global collision avoidance systems market with current trends and future estimations to depict the imminent investment pockets.
-The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
-The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
-The current market is quantitatively analyzed from 2017 to 2023 to highlight the financial competency of the market.
-Porter's Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.

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