Techno World Automotive-Collision-Avoidance-System-Market | Page 2

Installation of autonomous emergency braking system uplifted the demand for
collision avoidance systems
Autonomous emergency braking systems are deployed in advanced collision avoidance systems.
As the name suggests, autonomous emergency braking system automatically applies the brakes
in order to prevent a collision. The system applies either partial or fully braking force according
to alerts detected by sensors. In addition, the government regulation for mandatory installation
of autonomous emergency braking system in vehicles have also accelerated the market. for
example: In 2016, U.S. Department of Transportation's National Highway Traffic Safety
Administration have officially announced that automakers in the U.S. have to make the
autonomous emergency braking system a standard feature for all cars and trucks by 2022.
Europe automotive collision avoidance system market holds the dominant position in
2016.
On the basis of geography, the automotive collision avoidance system market is segmented into
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The Europe region
holds the dominant position in the market in 2016 and is projected to retain its dominance
throughout the forecast period, followed by North America and Asia Pacific. Germany, France,
Italy, Spain, and the U.K. are some of the major countries which drives the automotive collision
avoidance system market in this region. According to European Commission, in 2016, over 46
percent of fatalities reported in the region were due to road accidents. This in turn, positions the
region as a key market for collision avoidance systems.
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The Asia Pacific automotive collision avoidance system market is projected to exhibit the highest
CAGR over the forecast period. The bustling automotive sector in India, China, and Japan position
these as key growth engines of the automotive collision avoidance system market in this region.
The government regulation for safety concerns and to reduce the road accidents become one of
the major growth factor for the market in Asia Pacific region. For Example: In 2016, according to
Indian ministry of road transport & highways, it is mandatory for the OEMs to install anti-locking
brake
system
on
heavy
vehicles.
Key Companies- Global Automotive collision avoidance system Market.
Some of the major companies in the global automotive collision avoidance system market are
Alstom SA, Autoliv, Inc., Denso Corporation, General Electric Company, Hexagon AB, Honeywell
International, Inc., Robert Bosch GmbH, Rockwell Collins, Inc., Siemens AG, and Wabtec
Corporation