COVID-19 pandemic has turned out to be a major growth determinant in the industrial automation sector. With the integration of digital infrastructure to monitor and control public health, industrial automation has taken a new shape. This crisis has enhanced the value of IT and digital transformation across different sectors and industries.
In the current situation of restricted movement and reduced workforce, new technologies have been developed to provide end-to-end automation in different sectors such as food processing. Automated systems are hired by the companies to ensure continued supply and manufacturing of products with the least manual interference.
The digital transformation during the COVID-19 pandemic has enhanced our dependency on advanced technologies such as Augmented Reality, Virtual Reality, and the Industrial Internet of Things. The unfulfilled financial targets are compelling the organizations to adopt automation and advanced technologies to stay ahead in the market competition. Businesses are utilizing this opportunity by identifying daily operational needs and inculcating automation in it to create a digital infrastructure for the long term.
Collision Avoidance System Market: Overview
Increasing number of severe accidents had elevated the need of a system to avoid collisions. The collision avoidance system is helpful to avoid imminent collisions amongst objects such as automobiles, aircrafts, railways, marine and others. The increasing application of collision avoidance system in construction and mining industries are boosting the global collision avoidance system market. Based upon its applications there are various collision avoidance system such as airborne collision avoidance system (ACAS), traffic collision avoidance system (TCAS), ground proximity warning system (GPWS), obstacle collision avoidance system.
To remain ‘ahead’ of your competitors, request for a sample >>> https://www.persistencemarketresearch.com/samples/11233
Collision avoidance system works on the principle of avoiding the collision by warning the operator of the threat or by taking an autonomous avoidance movement. The automobile giants such as Fusion, General Motors and Ford Explorer are having a pre-collision system installed in their cars. These pre-collision system uses radar to detect the approaching obstacles and alerts the drivers accordingly, or even the system will brake the vehicle. Currently the global collision avoidance system market is in billions and is anticipated to witness a modest CAGR growth in the forecasted period.
Collision Avoidance System Market: Drivers and Restraints
Automotive industry is having the largest share in the global collision avoidance market and due to the increasing concern of travellers and vehicle safety the global collision avoidance system market is anticipated to boost in the forecasted period. Further, stringent government regulations, and lower insurance premium of vehicles with collision avoidance system is driving the global collision avoidance system market. Increased awareness amongst governments of different regions is leading to the installation of collision avoidance system in railways, aircrafts and submarines, resulting in the growth of global collision avoidance system market.
The expensive nature of collision avoidance system restricts its usage in the middle level and lower level segment vehicles. In some cases the collision avoidance system only warns the drivers and does not perform any autonomous avoidance movement, and ignorance of drivers might lead to the collision. The above factors can slowdown the global collision avoidance system market.
To receive extensive list of important regions, ask for TOC here >>> https://www.persistencemarketresearch.com/toc/11233
Collision Avoidance System Market: Segmentation
On the basis of Product Type, the collision avoidance system market can be segmented as follows:
- Airborne Collision Avoidance System (ACAS)
- Traffic Collision Avoidance System (TCAS)
- Terrain Awareness and Warning System (TAWS).
- Ground Proximity Warning System (GPWS)
- Portable Collision Avoidance System (PCAS)
- Synthetic Vision
- Obstacle Collision Avoidance System
On the basis of Functionality, the collision avoidance system market can be segmented as follows:
- Adaptive Cruise Control (ACC)
- Blind Spot Detection (BSD)
- Forward Collision Warning (FCW)
- Lane Departure Warning System (LDWS)
On the basis of Applications, the collision avoidance system market can be segmented as follows:
- Others (Construction and Mining)
Collision Avoidance System Market: Region Wise Outlook
The global collision avoidance system market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa .Europe is the leader in terms of market share in global collision avoidance system market owing to the flourishing automotive sector in this region. Also in this region there are stringent government regulations for installing some basic systems such as tire pressure monitoring system in automotive and ACAS system in aircrafts for seating capacity above a specific number.
North America is another significant contributor in global collision avoidance system market due to its increasing construction, railways and mining sectors. Asia Pacific is anticipated to be a potential market in the global collision avoidance system market in near future. India and China are the countries that would witness a decent growth in the construction and mining, automotive sectors. Latin America and Japan are at a nascent stage in the global collision avoidance system market. Middle East and Africa are anticipated to have a slowdown collision avoidance system market in the forecasted period.
Pre-Book Right Now for Exclusive Analyst Support >>> https://www.persistencemarketresearch.com/checkout/11233
Collision Avoidance System Market: Key Players
Some of the key players in global collision avoidance system market are as follows:
- Delphi Automotive LLP
- Robert Bosch GmbH
- DENSO CORPORATION
- Autoliv Inc
- Becker Mining Systems AG
- Wabtec Corporation
- Siemens AG
- Rockwell Collins
- GENERAL ELECTRIC
- Honeywell International Inc
- Saab AB