Global Collision Avoidance System Market 2015-2019

Market outlook of collision avoidance systems

Technavio market research analysts predict substantial growth for manufacturers of collision avoidance systems with an overall market growth rate of over 22% until 2019. Analysts expect the demand and sales of collision avoidance systems to increase considerably during the forecast period.

The market is driven by increasing emphasis on safety solutions, especially collision avoidance systems such as FCW, BSD, LDWS, and ACC. The market is expected to derive its growth from the integration of cameras and radar technologies that offer an enhanced field of view and coverage. The growing usage of ACC is expected to further boost the market over the next four years.

Benefits offered by collision avoidance systems

• Enhances comfort while driving, as it offers better control of the vehicle speed.
• Improves vehicle and consumers safety, as it automatically slows down and speeds up the vehicle depending on the movement of the vehicle in the front.
• Allows the driver to set the distance limit range of the system, which is generally about 500 ft.
• Improves the fuel efficiency of the vehicles by maintaining constant speeds.

Market segmentation of collision avoidance systems by functionality

• Adaptive cruise control (ACC)
• Blind spot detection (BSD)          
• Forward collision warning (FCW)              
• Lane departure warning system (LDWS)               

ACC is expected to account for close to 28% of the total sales in the global collision avoidance systems market by 2019.

Geographical segmentation of the collision avoidance system market

• APAC
• Americas
• EMEA

The research report predicts a gradual decline in the collision avoidance system market in EMEA in the upcoming four years. The region is undergoing a phase of economic uncertainty which has reduced the consumer confidence, making the automotive market extremely price sensitive in the region.

During the same period, the APAC market is expected to witness the fastest growth rate on account of the growing safety concerns among consumers and governments authorities because of the congested traffic in countries such as India and China.

Competitive vendor landscape of the collision avoidance systems market

• Continental       
• Delphi Automotive         
• Robert Bosch    
• TRW Automotive            

The competition among the existing market players is set to intensify with renewed efforts on improving product features. This trend is a direct fallout of stringent government regulations. The collision avoidance systems manufacturers are focusing on manufacturing low-cost systems to attain a competitive edge in the market. As a result, the threat of rivalry among the existing players is pretty high.

Other prominent vendors in the market include AWTI, Ford Motor, GENTEX, Preco Electronics, Renault, Safe Drive Systems, Subaru of America, and Toyota.

Key questions answered in the report

• Market projections until 2019 based on collision avoidance systems market?
• What are the key factors driving the collision avoidance systems market?
• What are the key market trends impacting the growth of the collision avoidance systems market?
• What are the various opportunities and threats faced by the vendors in the collision avoidance systems market?
• Trending factors influencing the market shares for EMEA, APAC, and Americas?
• Key outcome of the five forces analysis on the collision avoidance systems market?
• Growth forecast of the collision avoidance systems market until 2019?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Automotive Infotainment Market: Report Analysis 2015-2019
• Automotive Telematics: Market Research Report 2015-2019
• FEA in the Automotive Sector: Global Market Analysis 2015-2019
• Voice Recognition Market for the Automotive Sector in the US 2015-2019
• Global cPDM Market in the Automotive Sector: Research Analysis 2015-2019