DUBLIN, Dec. 03, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/qxjxdf/collision) has announced the addition of the "Collision Avoidance System Market - Global Trend & Forecast to 2020" report to their offering.
The global collision avoidance system market is expected to grow from USD 31.19 Billion in 2014 to USD 50.38 Billion by 2020 at a CAGR of 7.74% between 2015 and 2020. The 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 with collision avoidance systems.
The construction sector is expected to provide the highest growth potential for collision avoidance systems, followed by automotive and railway during the forecast period. The collision avoidance system market in the automotive sector is expected to be driven by the increasing focus of consumers and OEMs on safety of vehicles, and the mandate of collision avoidance systems to automobiles across the globe, especially North America and developing economies.
Europe accounted for the largest share of the collision avoidance systems market in 2014, followed by North America and Asia-Pacific. However, the market in RoW is expected to grow at the highest rate, followed by Asia-Pacific between 2015 and 2020. The collision avoidance system market in RoW and Asia-Pacific regions is expected to be driven by the increasing stringent regulations regarding installation of collision avoidance systems. Automotive and construction & mining sectors are expected to drive the market for collision avoidance systems during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Automotive Collision Avoidance System Market
8 Airborne Collision Avoidance System Market
9 Rail Collision Avoidance System Market
10 Marine Collision Avoidance System Market
11 Construction & Mining Collision Avoidance System Market
12 Collision Avoidance System Market, By Region
13 Competitive Landscape
14 Company Profiles
- Alstom SA
- Autoliv, Inc.
- Aviation Communication & Surveillance Systems, Llc
- Becker Mining Systems AG
- Delphi Automotive PLC
- Denso Corporation
- General Electric Company
- Hexagon AB
- Honeywell International, Inc.
- Mobileye N.V.
- Robert Bosch GmbH
- Rockwell Collins, Inc.
- SAAB AB
- Siemens AG
- Wabtec Corporation
For more information visit http://www.researchandmarkets.com/research/qxjxdf/collision
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SOURCE Research and Markets