DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Collision Avoidance System Market - Forecasts from 2016 to 2021" report to their offering.
Collision Avoidance System market is expected to grow at a compound annual growth rate of 6.22% over the period 2016 to 2021.
These systems assist are used in automobiles to reduce the severity of collision. These systems can be semi or fully autonomous and can either give a warning to the driver or take action automatically.
Increasing road accidents globally is driving the demand for these systems. Strict regulations being formulated by governments across different geographies is also provided significant boost to the market growth. Insurance companies are also taking various initiatives such as reducing the annual premium to heighten consumer inclination towards these systems. Increasing adoption of these systems by players across different industry verticals will also contribute to the growth of this market over the next six years.
Under the application; Construction and Mining, Spacecraft, Automobile, Aircrafts, Positive train control and Automatic Identification System (marine) have been covered.
Under technology, market is segmented into Radar, Camera, Ultrasonic and LiDAR. Detailed comprehensive forecast with analysis has also been covered as part of this section.
Key industry players profiled as part of this section are Delphi Automotive PLC, Robert Bosch GmbH, Denso Corporation, Autoliv, TRW Automotive along with others.
For more information about this report visit http://www.researchandmarkets.com/research/7hmf9s/collision