Collision Avoidance System is designed to reduce the severity of an accident

A collision avoidance system helps in preventing collision of vehicles mitigates the results of an imminent collision. It finds
applications in several industries like automotive, aerospace, railroad, marine, and mining & construction. In all applications,
collision avoidance systems prevent crashes either by issuing a warning to an operator or performing an autonomous avoidance
maneuver. But, based on application and the kind of action contemplated, the metric for quantifying the threat of collision and
also the decision-making algorithm might vary significantly.

Collision Avoidance System Market



 The key drivers leading to the increase of the market primarily include the growing focus of customers and OEMs on safety
features of automobiles, government regulations, the effect of the New Car Assessment Programs (NCAPs) on clients, and reinforcement
from insurers by decreasing the premium for vehicles with collision avoidance systems.

collision avoidance system
                                         


The automotive application segment was the largest application area for this particular market in 2014. Collision avoidance
systems are getting to be compulsory in automotive and construction & mining sectors and this is expected to induce the increase
of the crash avoidance system market at a substantial rate between 2015 and 2020, especially in developing markets. On the other
hand, the market for collision avoidance systems is predicted to grow at a considerable speed in aerospace, railroad, and marine
industries throughout the forecast period.

Europe accounted for the biggest market with a share of 35.89percent of the worldwide crash avoidance system marketplace in 2014
because of strict regulations mandating the installation of certain crash avoidance systems, such as electronic stability control
(ESC) and a tire pressure monitoring system (TPMS) from the automotive sector. Furthermore, at December 2011, the European
Commission mandated all new aircraft above 5,700 kg maximum take-off density or a maximum passenger seating capacity of over 19
armed with the ACAS II version 7.1 by December 1, 2015. These mandates would help the market for collision avoidance systems in
Europe to increase at a substantial rate throughout the forecast period. North America is predicted to potential market expansion
in automotive, railway, and construction & mining sectors throughout the forecast period. Asia-Pacific is expected to a
significant growth potential for collision avoidance systems in automotive, mining & construction businesses during the forecast
period. 
This Information Submitted BY Market Research Company(Maximize Market Research PVT.LTD)

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