Global Collision Avoidance System Market: 7.74% CAGR Forecast to 2020

Dec 08, 2015, 09:15 ET from ReportsnReports

PUNE, India, December 8, 2015 /PRNewswire/ --

The global market for collision avoidance systems is expected to grow at a CAGR of 7.74% between 2015 and 2020 and US$ 50.38 billion. This report segments the collision avoidance system market comprehensively and provides the closest approximations of the size of the overall market and its sub-segments across verticals and regions.

Complete report on global collision avoidance systems market spread across 179 pages, profiling 15 companies and supported with 79 tables and 72 figures is now available at .

The worldwide collision avoidance systems market is expected to be driven by the growing focus of consumers and OEMs on safety features of vehicles, government regulations, influence of the New Car Assessment Programs (NCAPs), and encouragement from insurance companies by reducing the premium for vehicles installed with collision avoidance systems.

The market in the construction & mining sector is expected to grow rapidly. The application in the automotive sector accounted for the largest share of the collision avoidance systems market in 2014 and this trend is expected to continue during the forecast period. However, the increasing installations of collision avoidance systems in the construction & mining sector would provide rapid growth between 2015 and 2020, especially in RoW and Asia-Pacific regions.

RoW and Asia-Pacific is expected to be the fastest-growing markets. Europe accounted for the largest share of the global collision avoidance system market in 2014 due to strict regulations mandating the installation of certain collision avoidance systems in various applications. North America accounted for the second largest collision avoidance system market in 2014 and is expected to surpass Europe by 2016. RoW and Asia-Pacific regions are expected to offer high growth potential for the collision avoidance systems during the forecast period in the automotive and construction & mining sectors.

The report profiles key players in the collision avoidance system market with their respective market share analysis. The prominent players profiled in this report are Robert Bosch GmbH (Germany), Delphi Automotive PLC (U.K.), Autoliv, Inc. (Sweden), Denso Corporation (Japan), Mobil eye N.V. (Israel), Becker Mining Systems AG (Germany), Hexagon AB (Sweden), Wabtec Corporation (U.S.), Rockwell Collins, Inc. (U.S.), Aviation Communication & Surveillance Systems, LLC (U.S.), Honeywell International, Inc. (U.S.), Saab AB (Sweden), General Electric Company (U.S.), Alstom SA (France), and Siemens AG (Germany), and others. Order a copy of Collision Avoidance System Market by Device, Technology, Application (Automotive, Aerospace, Railway, Marine, and Construction & Mining), and Region (North America, Europe, Asia-Pacific, and RoW) - Global Trend & Forecast to 2020 research report at .

The report describes market dynamics that include key drivers, restraints, challenges, and opportunities with respect to the collision avoidance system market and forecasts the same till 2020. This global report provides a detailed view of the market based on device, technology, and region. The report also profiles the prominent players in the market along with their key growth strategies. The competitive landscape of the market analyzes a large number of players with their market share. The market is witnessing numerous collaborations and partnerships across the value chain, to cater to various industries in different regions.

Continuing with the related market, another research on Crash Barrier Systems Market Global Trends & Forecasts to 2020 says, the global crash barrier systems market is estimated to grow at a CAGR of 3.12% from 2015-2020. The growth of this market is propelled by an increase in the roadway infrastructure and automotive industry throughout the world. Tata Steel Limited (India), NV Bekaert SA (Belgium), Trinity Industries, Inc. (U.S.), Nucor Corporation (U.S.), Valmont Industries, Inc. (U.S.), Lindsay Corporation (U.S.), Hill & Smith Holdings PLC (U.K.), Transpo Industries, Inc. (U.S.), Arbus Limited (U.K.), Avon Barrier Corporation Ltd. (U.K.) have been profiled in this 161 pages research available at .

Explore more reports on automotive market at .

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