Global Collision Avoidance System Market

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Collision Avoidance System Market Global Industry Analysis, Size, Share,

Growth, Trends and Forecast 2016 –

2023

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REPORT DESCRIPTION

Collision Avoidance System Market - Global Industry Analysis, Size, Share, Growth, Trends and

Forecast 2016 - 2023

Collision avoidance systems are safety systems which are used for reducing severity of an accident. These

systems are mostly implemented in automotive, construction and mining sectors among others. Collision avoidance

system uses laser, camera, radars, LIDAR and sensors to detect a forthcoming crash and alerts the driver about an

imminent collision. Sometimes, it automatically takes the action without input of the driver. Collision avoidance

systems are incorporated within cars by major automobile manufacturers worldwide, such as Audi, BMW, Cadillac,

Fiat, Hyundai, Mitsubishi, Nissan, Toyota, Volkswagen, Mercedes-Benz, Ford, Honda and General Motors among

others.

Some of the key driving factors for the global collision avoidance system market is increasing awareness among

consumers and original equipment manufacturers for vehicle safety. Moreover, rising government regulations

coupled with development of advanced car assessment programs are set to augment the growth of the market for

collision avoidance system during the forecast period. In January 2015, the National Highway Traffic Safety

Administration of the U.S. announced development of automated emergency braking system into its updated car

assessment program in order to avoid...