News

Auto Collision Avoidance Systems Global Market to Grow

Order Reprints

June 28, 2018—The global automotive collision avoidance system market is predicted to grow at a CAGR of 23.2 percent during the period 2018-2022.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the collision avoidance technology with active steering control for commercial vehicles. Advanced braking technologies are witnessing continuous innovation and development in terms of design and functionality. Automotive component suppliers around the world are leveraging their technologies and competitive advantage in the development of such systems, thereby making the market more competitive.

According to the report, one of the major drivers for this market is the growing emphasis on advanced safety systems in automobiles. The automotive collision avoidance system is revolutionizing the concept of safety in the automotive industry. The development of collision avoidance systems for automotive applications, which includes active safety system, plays a crucial role in making vehicles and roads safer for both vehicle occupants and pedestrians.

Further, the report states that one of the major factors hindering the growth of this market is the technical issues leading to poor reliability and vehicle recalls. Most of the these technologies and systems involve a high interaction of electronic content, which invariably makes these systems more vulnerable to faults and malfunctions.

Recommended Products

2018 Industry Survey: Complete Report

2015 Ratchet+Wrench Shop Performance Survey: Complete Report

2017 Ratchet+Wrench Shop Technology Survey: Complete Report

Related Articles

WardsAuto: Key Regions to Watch for Global Automotive Aftermarket Growth

Report: Strong 2018-2028 Growth Predicted for ADAS Market

Self-Driving Car, Truck Market Demand to Reach 4,223 Units by 2030

You must login or register in order to post a comment.