Rising number of vehicles on road and increased consumer awareness regarding safety is expected to result in a surge in the demand for collision avoidance system in the global market, according to a report by Persistence Market Research.
Key findings about the global collision avoidance system market are as follows:
1. Automotive industry is the largest shareholder in the global market is adoption in automobiles is expected to boost the market.
2. Strict government regulations and insurance premium discounts are major drivers.
3. Governments of various regions have become aware of the importance of the system and hence is being actively adopted in all transportation modes including railways, airways, and seaways.
4. Owing to high cost, the adoption of collision avoidance system is restricted to premium segments.
5. The system only warns while the driver needs to control the vehicle. Negligence in case of the driver can lead to a mishap and hence is a major restraint.
Thinking about report: Please observe the beneath the hyperlinks to satisfy your necessities; Request for the Report sample : http://www.persistencemarketresearch.com/samples/11233
6. Flourishing automotive sector in Europe is resulting in the region leading the global market.
7. Europe has stringent regulations and safety norms which has resulted in vehicles have multi-layered safety system including that of tire pressure monitors.
8. Rising construction of railways and mining sector is fueling the North America market region.
9. Asia Pacific has the largest potential owing to the rise in demand for automobiles in India and China.
10. Japan and Latin America are new entrants to the market, while MEA is expected to grow at a lethargic pace for the forecast period.
For more information on the global collision avoidance system market, follow the link:
Major players in the global collision avoidance system market are Delphi Automotive LLP, Becker Mining Systems AG, Robert Bosch GmbH, Autoliv Inc., Denso Corporation, Wabtec Corporation, General Electric, Saab AB, Siemens AG, Rockwell Collins, Honeywell International Inc., and Alstom.