Dan’s Biz Bookshelf: Four Important Books You Need to Read (Not Just Say You Have)
The Marketing Minute: Cracking the Code of Technical Marketing
Increasing Focus on Safety Drives Collision Avoidance System Market
November 27, 2015 | PRNewswireEstimated reading time: 2 minutes
The report "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", published by MarketsandMarkets, 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 installed collision avoidance systems.
The collision avoidance system market is application driven; the application in the automotive sector accounted for the largest share in 2014
The global collision avoidance system market is application driven; it has been segmented into automotive, aerospace, railway, marine, and construction & mining. The automotive collision avoidance system accounted for the largest share of the global collision avoidance system market in 2014; this market is expected to grow at a significant rate between 2015 and 2020, 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 installed collision avoidance systems. In developed regions, such as North America and Europe, growth in the automotive collision avoidance system market is expected to be driven by rise in commercial vehicles while, in developing regions, such as Asia-Pacific and RoW, it is likely to be driven by the rise in passenger cars during the forecast period.
Collision avoidance systems are used in the construction & mining sector and this market is expected to witness rapid growth during the forecast period
However, acceptance and installation rates of collision avoidance systems in construction & mining equipment sector are high. The market for collision avoidance systems used in the construction & mining sector is expected to grow considerably during the forecast period. The growth of collision avoidance system market in other applications is expected to be rapid due to the significant demand for new fleet (aircraft, ships, and trains including rail network).
North America is expected to hold a large share of the collision avoidance system market by 2020
Europe was the largest market in 2014, followed by North America and Asia-Pacific. Regulations have driven the market for collision avoidance systems to reduce the collisions and mitigate the effects of imminent collisions (accidents). Europe was the early adopter which has resulted in a large market for collision avoidance systems in 2014. However, with the expected increase in regulations related to safety systems in other regions, such as North America, Asia-Pacific, and RoW, coupled with a growing focus on safety systems, these regions are expected to develop potential growth opportunities for this market during the forecast period. The collision avoidance system market in North America is expected to surpass that of Europe by 2016 and hold a large market share through 2020.
The major companies in the global collision avoidance system market that have been included in this report are Robert Bosch GmbH (Germany), Delphi Automotive Plc. (U.K.), Autoliv, Inc. (Sweden), Denso Corporation (Japan), Mobileye 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.
Share on:
Testimonial
"The I-Connect007 team is outstanding—kind, responsive, and a true marketing partner. Their design team created fresh, eye-catching ads, and their editorial support polished our content to let our brand shine. Thank you all! "
Sweeney Ng - CEE PCBSuggested Items
Nortech Systems Achieves Enhanced Fiber Optic Performance
09/16/2025 | Nortech SystemsNortech Systems Incorporated, a leading provider of design and manufacturing solutions for complex electromedical devices and electromechanical systems, announced significant advancements in its fiber optic capabilities.
Altair, Wichita State University’s NIAR Sign MoU to Accelerate Aerospace Innovation
09/16/2025 | AltairAltair, a global leader in computational intelligence, and Wichita State University’s (WSU) National Institute for Aviation Research (NIAR), one of the world’s leading aerospace research institutions, have signed a memorandum of understanding (MoU) to advance innovation across the aerospace and defense industries.
India’s Aerospace and Defence Engineered for Power, Driven by Electronics
09/16/2025 | Gaurab Majumdar, Global Electronics AssociationWith a defence budget of $82.05 billion (2025–26) and a massive $223 billion earmarked for aerospace and defence spending over the next decade, India is rapidly positioning itself as a major player in the global defence and aerospace market.
Honeywell-Led Consortium Receives UK Government Funding to Revolutionize Aerospace Manufacturing
09/02/2025 | HoneywellA consortium led by Honeywell has received UK Government funding for a project that aims to revolutionize how critical aerospace technologies are manufactured in the UK through the use of AI and additive manufacturing.
Coherent Announces Agreement to Sell Aerospace and Defense Business to Advent for $400 Million
08/15/2025 | AdventCoherent Corp., a global leader in photonics, today announced that it has entered into a definitive agreement to sell its Aerospace and Defense business to Advent, a leading global private equity investor, for $400 million. Proceeds will be used to reduce debt, which will be immediately accretive to Coherent’s EPS.