AP NEWS

Global Collision Avoidance System Market 2018-2023: CAGR is Projected to Grow at 13.2% - ResearchAndMarkets.com

August 8, 2018

DUBLIN--(BUSINESS WIRE)--Aug 8, 2018--The “Collision Avoidance System Market- Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.

Collision avoidance system market was valued at US$ 9.186 billion in 2017 and is projected to expand at a CAGR of 13.2% over the forecast period to reach US$ 19.332 billion by 2023.

Rising number of road accidents worldwide is the major driver of collision avoidance system market.

Growing focus on workers’ safety in industries such as material handling is further boosting the demand for collision avoidance systems.

The potential for the expansion of these systems on account of growing emphasis on car safety, such as Global New Car Assessment Programme (NCAP), to mitigate or prevent motor vehicle crashes is further contributing to the market growth.

However, high cost of these systems is currently impeding its adoption, thus restraining the overall market growth.

Geographically, Europe holds the largest market share of global collision avoidance system market owing to the high adoption rate of these systems in the EU countries supported by mandatory regulations mandating the deployment of these systems.

Major industry players profiled as part of the report are Delphi Technologies, Robert Bosch GmbH, Denso Corporation, Autoliv Inc., and Rockwell Collins among others.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Collision Avoidance System Market By Type

6. Collision Avoidance System Market By Technology

7. Collision Avoidance System Market By End Use Industry

8. Collision Avoidance System Market By Geography

9. Competitive Intelligence

10. Company Profiles

Delphi Technologies Robert Bosch GmbH Denso Corporation Autoliv Inc. ZF Friedrichshafen AG Becker Mining Rockwell Collins Hexagon AB

For more information about this report visit https://www.researchandmarkets.com/research/c94rwb/global_collision?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180808005313/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Automotive Safety

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE OTHER AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/08/2018 06:35 AM/DISC: 08/08/2018 06:35 AM

http://www.businesswire.com/news/home/20180808005313/en

AP RADIO
Update hourly