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Collision Avoidance System Market by Type (Adaptive Cruise Control, Autonomous Emergency Braking (AEB), Lane Departure Warning System, Parking Assistance, and Others), Technology (LiDAR, RADAR, Ultrasonic, and Camera), and Application (Automotive, Aerospace & Defense, Marine, and Rail) - Global Opportunity Analysis and Industry Forecast, 2017-2023 Update Available On-Demand
| A02049 | Pages: 140 | Nov 2017 | 10216 Views | | |
| Author(s) : Akshay Jadhav | Tables: 50 | Charts: 36 | Formats*: | |
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Request Now !Collision Avoidance System Market Overview:
The global collision avoidance system market was valued at $13.18 billion in 2016 and is expected to garner at $24.99 billion by 2023, growing at a CAGR of 9.7% from 2017 to 2023. Collision Avoidance System is a safety awareness or a warning system designed to reduce the severity of a collision. Such systems are widely used in automobile and mining sectors to avoid accidents. It is also known as the pre-crash system, forward collision warning system, or collision mitigating system. This system helps detect the imminent strike, alerting the driver about any collision. These systems are interpolated within the vehicle to enable semi-autonomous and autonomous decision-making. Moreover, such systems automatically take action without any input from the driver.
Increase in demand for automated vehicles plays a vital role in driving the automobile collision avoidance system market. In addition, improved visibility & enhanced safety supplements the market. However, high installation cost hampers the growth of the market to a greater extent. On the other hand, an increase in automotive safety norms and electronic integration in automotive is projected to create greater opportunities for market expansion.
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The major companies profiled in the report include Delphi Automotive LLP, Robert Bosch GmbH, Denso Corporation, Autoliv, Inc., General Electric Company, Rockwell Collins, Inc., Honeywell International, Inc., Siemens AG, Alstom SA, and Wabtec Corporation.
Segment Overview
The automobile collision avoidance system market is segmented based on type, technology, application, and region. The type covered in the market research report include adaptive cruise control, autonomous emergency braking (AEB), lane departure warning system, parking assistance, and others (blind spot detection & night vision). The technology discussed in the study are LiDAR, RADAR, ultrasonic, and camera. The application segment includes automotive, aerospace & defense, marine, and rail. The regions considered in the study are North America, Europe, Asia‐Pacific, and LAMEA
Top Impacting Factors
Increase in demand for automated vehicles, improved visibility & enhanced safety, high installation cost, and increase in automotive safety norms & electronic integration in automotive are the significant factors that impact the growth of the global collision avoidance systems market. These factors are anticipated to either drive or hamper the market.
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Increase in Demand for Automated Vehicles
In recent years, there is considerable developments in automated driving systems (ADS). Some of the cars sold today have adapted to the automated operations. In addition, prototype cars, which are capable of the autonomous driving are being tested on public roads of Europe, Japan, and the U.S. Automated system features reduced congestions, improved safety, and less stress level for car occupants. Due to the presence of such features, there is increase in demand for the automated vehicles, which supplements the growth of collision avoidance system market. Â
Improved Visibility and Enhanced Safety
Reduced visibility conditions such as fog frequently causes multiple vehicle crashes with the serious consequences. Collision avoidance systems warns the driver whenever vehicle is in a condition to collide or crash on to the upfront object, which helps in collision/crash avoidance, particularly in reduced visibility conditions. Moreover, this helps in the upgradation of the safety of the vehicle as well as the occupants, which in turn drives the global collision avoidance system market.
High Installation Cost
Collision avoidance systems require sensors such as electromagnetic sensors, optical sensors, and acoustic sensors, which are mounted at different parts of the vehicle to continually sense and monitor the surrounding environment which adds to the overall cost of collision avoidance system. For instance, use of ultrasonic sensors in parking aid vehicle safety system. Moreover, electromagnetic sensors are most expensive as compared to the other sensor. Thus, high implementation cost restricts the growth of collision avoidance systems.
Increase in Automotive Safety Norms
According to World health organization (WHO) 1.25 million people die due to road accidents and millions more are injured. The safety of the vehicle plays a critical role in adverting the crash or reduce the impact. Vehicles equipped with such standards is least expected to be involved in the accident and major injury to the occupants. The minimum basic safety standards for the vehicle manufacturer and industry include standards on frontal and side impact protect occupants, electronic stability control, pedestrian protection, seat-belts, ISOFIX child restraint anchorage point. Furthermore, there is an increase in trend to include safety standard as basic feature which creates lucrative opportunities for the market expansion. For instance, National Highway Traffic Safety Administration (NHTSA) Insurance Institute for Highway Safety (IIHS) announced that the 99% of auto manufacturers in the U.S. have signed agreement to include automatic emergency braking (AEB) systems as a standard feature by 2022 for all new vehicles.
Key Benefits
- This study comprises analytical depiction of the global collision avoidance systems market with current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2017 to 2023 to highlight the financial competency of the market.
- Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.
Collision Avoidance System Market Key Segments:
By Type
- Adaptive Cruise Control (ACC)
- Autonomous Emergency Braking (AEB)
- Lane Departure Warning System (LDWS)
- Parking assistance
- Others (blind spot detection & night vision)
By Technology
- LiDAR
- RADAR
- Ultrasonic
- Camera
By Application
- Automotive
- Aerospace & Defense
- Marine
- Rail
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players Profiled
- Delphi Automotive LLP
- Robert Bosch GmbH
- Denso Corporation
- Autoliv, Inc.
- General Electric Company
- Rockwell Collins, Inc.
- Honeywell International, Inc.
- Siemens AG
- Alstom SA
- Wabtec Corporation
CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVES
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. PORTER’S FIVE FORCES ANALYSIS
3.3.1. High bargaining power of suppliers
3.3.2. High-to-moderate threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. High-to-moderate intensity of rivalry
3.3.5. Moderate bargaining power of buyers
3.4. KEY MARKET PLAYER POSITIONING, 2016
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Increase in demand for automated vehicles
3.5.1.2. Improved visibility and enhanced safety
3.5.2. Restraints
3.5.2.1. High installation cost
3.5.3. Opportunities
3.5.3.1. Increase in automotive safety norms
3.5.3.2. Electronic integration in automotive
CHAPTER 4 COLLISION AVOIDANCE SYSTEM MARKET, BY TYPE
4.1. OVERVIEW
4.2. ADAPTIVE CRUISE CONTROL (ACC)
4.2.1. Key market trends, market size and forecast
4.2.2. Key growth factors and opportunities
4.3. AUTONOMOUS EMERGENCY BRAKING (AEB)
4.3.1. Key market trends, market size and forecast
4.3.2. Key growth factors and opportunities
4.4. LANE DEPARTURE WARNING SYSTEM (LDWS)
4.4.1. Key market trends, market size and forecast
4.4.2. Key growth factors and opportunities
4.5. PARKING ASSISTANCE
4.5.1. Key market trends, market size and forecast
4.5.2. Key growth factors and opportunities
4.6. OTHERS (BLIND SPOT DETECTION & NIGHT VISION)
4.6.1. Key market trends, market size and forecast
4.6.2. Key growth factors and opportunities
CHAPTER 5 COLLISION AVOIDANCE SYSTEM MARKET, BY TECHNOLOGY
5.1. OVERVIEW
5.2. LIDAR
5.2.1. Key market trends, market size and forecast
5.2.2. Key growth factors and opportunities
5.3. RADAR
5.3.1. Key market trends, market size and forecast
5.3.2. Key growth factors and opportunities
5.4. ULTRASONIC
5.4.1. Key market trends, market size and forecast
5.4.2. Key growth factors and opportunities
5.5. CAMERA
5.5.1. Key market trends, market size and forecast
5.5.2. Key growth factors and opportunities
CHAPTER 6 COLLISION AVOIDANCE SYSTEM MARKET, BY APPLICATION
6.1. OVERVIEW
6.2. AUTOMOTIVE
6.2.1. Key market trends, market size and forecast
6.2.2. Key growth factors and opportunities
6.3. AEROSPACE & DEFENSE
6.3.1. Key market trends, market size and forecast
6.3.2. Key growth factors and opportunities
6.4. MARINE
6.4.1. Key market trends, market size and forecast
6.4.2. Key growth factors and opportunities
6.5. RAIL
6.5.1. Key market trends, market size and forecast
6.5.2. Key growth factors and opportunities
CHAPTER 7 COLLISION AVOIDANCE SYSTEM MARKET, BY GEOGRAPHY
7.1. OVERVIEW
7.2. NORTH AMERICA
7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast, by Type
7.2.4. Market size and forecast, by country
7.2.5. U.S.
7.2.5.1. Market size and forecast
7.2.6. Canada
7.2.6.1. Market size and forecast
7.2.7. Mexico
7.2.7.1. Market size and forecast
7.3. EUROPE
7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast, by Type
7.3.4. Market size and forecast, by country
7.3.5. UK
7.3.5.1. Market size and forecast
7.3.6. Germany
7.3.6.1. Market size and forecast
7.3.7. France
7.3.7.1. Market size and forecast
7.3.8. Rest of Europe
7.3.8.1. Market size and forecast
7.4. ASIA-PACIFIC
7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast, by Type
7.4.4. Market size and forecast, by country
7.4.5. China
7.4.5.1. Market size and forecast
7.4.6. Japan
7.4.6.1. Market size and forecast
7.4.7. India
7.4.7.1. Market size and forecast
7.4.8. Australia
7.4.8.1. Market size and forecast
7.4.9. Rest of Asia-Pacific
7.4.9.1. Market size and forecast
7.5. LAMEA
7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast, by Type
7.5.4. Market size and forecast, by region
7.5.5. Latin America
7.5.5.1. Market size and forecast
7.5.6. The Middle East
7.5.6.1. Market size and forecast
7.5.7. Africa
7.5.7.1. Market size and forecast
CHAPTER 8 COMPANY PROFILES
8.1. DELPHI AUTOMOTIVE LLP
8.1.1. Company Overview
8.1.2. Financial performance
8.1.3. Key strategies & developments
8.2. ROBERT BOSCH GMBH
8.2.1. Company Overview
8.2.2. Financial performance
8.2.3. Key strategies & developments
8.3. DENSO CORPORATION
8.3.1. Company Overview
8.3.2. Financial performance
8.3.3. Key strategies & developments
8.4. AUTOLIV, INC.
8.4.1. Company Overview
8.4.2. Financial performance
8.4.3. Key strategies & developments
8.5. GENERAL ELECTRIC COMPANY
8.5.1. Company Overview
8.5.2. Financial performance
8.5.3. Key strategies & developments
8.6. ROCKWELL COLLINS, INC.
8.6.1. Company Overview
8.6.2. Financial performance
8.6.3. Key strategies & developments
8.7. HONEYWELL INTERTNATIONAL INC.
8.7.1. Company Overview
8.7.2. Financial performance
8.7.3. Key strategies & developments
8.8. SIEMENS AG
8.8.1. Company Overview
8.8.2. Financial performance
8.8.3. Key strategies & developments
8.9. ALSTOM SA
8.9.1. Company Overview
8.9.2. Financial performance
8.9.3. Key strategies & developments
8.10. WABTEC CORPORATION
8.10.1. Company Overview
8.10.2. Financial performance
8.10.3. Key strategies & developments
LIST OF TABLES
TABLE 1. GLOBAL COLLISION AVOIDANCE SYSTEM MARKET REVENUE, BY TYPE, 2016-2023($MILLION)
TABLE 2. ADAPTIVE CRUISE CONTROL MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 3. AUTONOMOUS EMERGENCY BRAKING (AEB) MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 4. LANE DEPARTURE WARNING SYSTEM (LDWS) MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 5. PARKING ASSISTANCE MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 6. OTHERS (BLIND SPOT DETECTION & NIGHT VISION) MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 7. GLOBAL COLLISION AVOIDANCE SYSTEM MARKET REVENUE, BY TECHNOLOGY, 2016-2023($MILLION)
TABLE 8. LIDAR MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 9. RADAR MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 10. ULTRASONIC MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 11. CAMERA REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 12. GLOBAL COLLISION AVOIDANCE SYSTEM MARKET REVENUE, BY APPLICATION, 2016-2023($MILLION)
TABLE 13. AUTOMOTIVE MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 14. AEROSPACE & DEFENSE MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 15. MARINE MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 16. MARINE MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 17. COLLISION AVOIDANCE SYSTEM MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 18. NORTH AMERICAN COLLISION AVOIDANCE SYSTEM MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 19. NORTH AMERICAN COLLISION AVOIDANCE SYSTEM MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 20. U.S. COLLISION AVOIDANCE SYSTEM MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 21. CANADA COLLISION AVOIDANCE SYSTEM MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 22. MEXICO COLLISION AVOIDANCE SYSTEM MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 23. EUROPE COLLISION AVOIDANCE SYSTEM MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 24. EUROPE COLLISION AVOIDANCE SYSTEM MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 25. UK COLLISION AVOIDANCE SYSTEM MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 26. GERMANY COLLISION AVOIDANCE SYSTEM MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 27. FRANCE COLLISION AVOIDANCE SYSTEM MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 28. REST OF EUROPE COLLISION AVOIDANCE SYSTEM MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 29. ASIA-PACIFIC COLLISION AVOIDANCE SYSTEM MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 30. ASIA-PACIFIC COLLISION AVOIDANCE SYSTEM MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 31. CHINA COLLISION AVOIDANCE SYSTEM MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 32. JAPAN COLLISION AVOIDANCE SYSTEM MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 33. INDIA COLLISION AVOIDANCE SYSTEM MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 34. INDIA COLLISION AVOIDANCE SYSTEM MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 35. REST OF ASIA-PACIFIC COLLISION AVOIDANCE SYSTEM MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 36. LAMEA COLLISION AVOIDANCE SYSTEM MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 37. LAMEA COLLISION AVOIDANCE SYSTEM MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 38. LATIN AMERICA COLLISION AVOIDANCE SYSTEM MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 39. MIDDLE EAST COLLISION AVOIDANCE SYSTEM MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 40. AFRICA COLLISION AVOIDANCE SYSTEM MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 41. COMPANY SNAPSHOT: DELPHI AUTOMOTIVE LLP
TABLE 42. COMPANY SNAPSHOT: ROBERT BOSCH GMBH
TABLE 43. COMPANY SNAPSHOT: DENSO CORPORATION
TABLE 44. COMPANY SNAPSHOT: AUTOLIV, INC.
TABLE 45. COMPANY SNAPSHOT: GENERAL ELECTRIC COMPANY
TABLE 46. COMPANY SNAPSHOT: ROCKWELL COLLINS, INC.
TABLE 47. COMPANY SNAPSHOT: HONEYWELL INTERTNATIONAL INC.
TABLE 48. COMPANY SNAPSHOT: SIEMENS AG
TABLE 49. COMPANY SNAPSHOT: ALSTOM SA
TABLE 50. COMPANY SNAPSHOT: WABTEC CORPORATION
LIST OF FIGURES
FIGURE 1. MARKET SEGMENTATION
FIGURE 2. EXECUTIVE SUMMARY
FIGURE 3. TOP INVESTMENT POCKETS (2016)
FIGURE 4. KEY PLAYER POSITIONING OF COLLISION AVOIDANCE SYSTEM COMPANIES, 2016
FIGURE 5. GLOBAL COLLISION AVOIDANCE SYSTEM MARKET, BY TYPE, 2016-2023
FIGURE 6. GLOBAL COLLISION AVOIDANCE SYSTEM MARKET, BY TECHNOLOGY, 2016-2023
FIGURE 7. GLOBAL COLLISION AVOIDANCE SYSTEM MARKET, BY APPLICATION (2016-2023)
FIGURE 8. NORTH AMERICAN COLLISION AVOIDANCE SYSTEM MARKET SHARE, BY COUNTRY, 2016-2023 (%)
FIGURE 9. U.S. COLLISION AVOIDANCE SYSTEM MARKET, 2016-2023 ($BILLION)
FIGURE 10. CANADA COLLISION AVOIDANCE SYSTEM MARKET, 2016-2023 ($BILLION)
FIGURE 11. MEXICO COLLISION AVOIDANCE SYSTEM MARKET, 2016-2023 ($BILLION)
FIGURE 12. EUROPE COLLISION AVOIDANCE SYSTEM MARKET SHARE, BY COUNTRY, 2016-2023 (%)
FIGURE 13. UK COLLISION AVOIDANCE SYSTEM MARKET, 2016-2023 ($BILLION)
FIGURE 14. GERMANY COLLISION AVOIDANCE SYSTEM MARKET, 2016-2023 ($BILLION)
FIGURE 15. FRANCE COLLISION AVOIDANCE SYSTEM MARKET, 2016-2023 ($BILLION)
FIGURE 16. REST OF EUROPE COLLISION AVOIDANCE SYSTEM MARKET, 2016-2023 ($BILLION)
FIGURE 17. ASIA-PACIFIC COLLISION AVOIDANCE SYSTEM MARKET SHARE, BY COUNTRY, 2016-2023 (%)
FIGURE 18. CHINA COLLISION AVOIDANCE SYSTEM MARKET, 2016-2023 ($BILLION)
FIGURE 19. JAPAN COLLISION AVOIDANCE SYSTEM MARKET, 2016-2023 ($BILLION)
FIGURE 20. INDIA COLLISION AVOIDANCE SYSTEM MARKET, 2016-2023 ($BILLION)
FIGURE 21. AUSTRALIA COLLISION AVOIDANCE SYSTEM MARKET, 2016-2023 ($BILLION)
FIGURE 22. REST OF ASIA-PACIFIC COLLISION AVOIDANCE SYSTEM MARKET, 2016-2023 ($BILLION)
FIGURE 23. LAMEA COLLISION AVOIDANCE SYSTEM MARKET SHARE, BY REGION, 2016-2023 (%)
FIGURE 24. LATIN AMERICA COLLISION AVOIDANCE SYSTEM MARKET, 2016-2023 ($BILLION)
FIGURE 25. MIDDLE EAST COLLISION AVOIDANCE SYSTEM MARKET, 2016-2023 ($BILLION)
FIGURE 26. AFRICA COLLISION AVOIDANCE SYSTEM MARKET, 2016-2023 ($BILLION)
FIGURE 27. FINANCIAL PERFORMANCE: DELPHI AUTOMOTIVE LLP
FIGURE 28. FINANCIAL PERFORMANCE: ROBERT BOSCH GMBH
FIGURE 29. FINANCIAL PERFORMANCE: DENSO CORPORATION
FIGURE 30. FINANCIAL PERFORMANCE: AUTOLIV, INC.
FIGURE 31. FINANCIAL PERFORMANCE: GENERAL ELECTRIC COMPANY
FIGURE 32. FINANCIAL PERFORMANCE: ROCKWELL COLLINS, INC.
FIGURE 33. FINANCIAL PERFORMANCE: HONEYWELL INTERTNATIONAL INC.
FIGURE 34. FINANCIAL PERFORMANCE: SIEMENS AG
FIGURE 35. FINANCIAL PERFORMANCE: ALSTOM SA
FIGURE 36. FINANCIAL PERFORMANCE: WABTEC CORPORATION
The global collision avoidance systems market is expected to witness high growth rate due to increase in demand for the automated vehicles, improvement of visibility, and enhanced safety. However, high installation cost impedes the market growth.
The collision avoidance system market signifies a promising picture for the automotive industry. The current business scenario has witnessed an increase in the demand for the collision avoidance system particularly in the developing regions. The companies adopt innovative techniques in an effort to provide customers with advanced and innovative product offerings.
The factor responsible for collision avoidance system uptake is rate of the technological advances. Inspire of the recent advancements, there exists further scope for improvement. For instance, systems such as autonomous emergency braking system still has difficulty in identifying the objects when vehicle is at a high speed. Collision avoidance system seeks for cost-effective system solutions, which is fully integrated with other sensors.
Among North America, Asia-Pacific, Europe, and LAMEA, Europe exhibits the highest revenue in the market. On the other hand, LAMEA is expected to grow at a faster pace, predicting a lucrative market growth for collision avoidance systems.
Delphi Automotive LLP, Robert Bosch GmbH, Denso Corporation, Autoliv, Inc., General Electric Company, Rockwell Collins, Inc., Honeywell International, Inc., Siemens AG, Alstom SA, and Wabtec Corporation are key market players that occupy a significant revenue share in the collision avoidance systems market.
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