The Forward Collision Warning System for Automotive report offers a thorough examination of the diverse pattern and factors affecting the development direction of the worldwide market. An assessment of the impact of government rules and methodologies accessible assignments is in like manner included giving a widely inclusive layout of the Forward Collision Warning System for Automotive markets future perspective. the Forward Collision Warning System for Automotive report fuses into significance information identifying with the regular components of the market and shows refined improvement measures for the market dependent on information. The Forward Collision Warning System for Automotive report researches the market dependent on its genuine geographies, grandstand segments, and current market pattern.
Global Forward collision warning system for automotive market is expected to rise to an estimated value of USD 33.58 billion by 2026, registering a CAGR of 9.98% in the forecast period of 2019-2026. Rising demand for automated vehicles and rising safety awareness is the major factor for the growth of this market.
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Market Definition: Global Forward Collision Warning System for Automotive Market
Forward collision warning system or collision avoidance system or collision mitigation system is specially designed system whose main aim is to reduce austerity of an accident. They are designed to eliminate the accidents between railways, marines, automobiles etc. It uses technologies like LiDAR, ultrasonic; RADAR etc. do detect the collisions. Blind spot detection, adaptive cruise control, lane departure warning system, etc. are some of the common forward collision warning system.
- Increasing safety concerns is driving the growth of this market
- Rising demand for automated vehicle is another factor acting as a driver for the growth of the market
- Technological advancement and development is enhancing the growth in the market
- Strict government regulation related to forward collision warning system is a key factor for the market growth
- High installation cost is hindering the market growth
- Presence of low- price carmaker is another factor restraining the growth of the market
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Segmentation: Global Forward Collision Warning System for Automotive Market
- Adaptive Cruise Control
- Autonomous Emergency Braking
- Lane Departure Warning System
- Parking assistance
- Blind Spot Detection
- Aerospace & Defense
By Product Type
- Airborne Collision Avoidance System
- Traffic Collision Avoidance System
- Terrain Awareness and Warning System
- Ground Proximity Warning System
- Portable Collision Avoidance System
- Synthetic Vision
- Obstacle Collision Avoidance System
By Sales Channel
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Key Developments in the Market:
- In March 2019, Conplant announced the launch of their new smart collision avoidance system namely Integrated Intelligent Collision Avoidance System (IICAS) which has the ability to slow down the machine whenever they detect any problem in the machine. The main aim of the launch is to meet the rising demand for safety among population. It also has True 3D Smart Cameras which have the ability to detect potential collisions.
- In January 2019, Nanotron Technologies GmbH announced the launch of their new PDS2400 Collision Avoidance Solution (CAS) for open-pit mine safety. It is specially designed to supports collision awareness and proximity warning between fast moving vehicles. It also has ready-to-go system and turnkey which usually requires calibration before use. They have the ability to track objectswith an accuracy upto 10cm.
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Competitive Analysis: Global Forward Collision Warning System for Automotive Market
Global forward collision warning system for automotive market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of forward collision warning system for automotive market for global, Europe, North America, Asia-Pacific and South America.
Major Market Competitors/Players: Global Forward Collision Warning System for Automotive Market
Few of the major competitors currently working in the global forward collision warning system for automotive market are Delphi Technologies, Robert Bosch GmbH, DENSO CORPORATION, Autoliv Inc, Becker Mining, Wabtec Corporation, Siemens, Collins Aerospace., Alstom, GENERAL ELECTRIC, Honeywell International Inc, Saab AB, ZF Friedrichshafen AG, Continental AG, Gentex Corporation, Velodyne Lidar, Inc.
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