Collision Avoidance System Market - Global Trend & Forecast to 2020 - New Market Study Published

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

The global market for collision avoidance systems is expected to grow at a CAGR of 7.74% between 2015 and 2020 from USD 31.19 billion in 2014 to USD 50.38 billion by 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 installed with collision avoidance systems.

The market in the construction & mining sector is expected to grow rapidly

The application in the automotive sector accounted for the largest share of the collision avoidance systems market in 2014 and this trend is expected to continue during the forecast period. However, the increasing installations of collision avoidance systems in the construction & mining sector would provide rapid growth between 2015 and 2020, especially in RoW and Asia-Pacific regions.

Full Report Details at
- http://www.fastmr.com/prod/1098965_collision_avoidance_system.aspx?afid=301

RoW and Asia-Pacific to be the fastest-growing markets

Europe accounted for the largest share of the global collision avoidance system market in 2014 due to strict regulations mandating the installation of certain collision avoidance systems in various applications. North America accounted for the second largest collision avoidance system market in 2014 and is expected to surpass Europe by 2016. RoW and Asia-Pacific regions are expected to offer high growth potential for the collision avoidance systems during the forecast period in the automotive and construction & mining sectors.

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews of key opinion leaders in the collision avoidance system market were conducted. The break-up of primary participants for the report is shown below:

* By Company Type - Tier 1- 60%, Tier 2 - 25%, and Tier 3 - 15%
* By Designation - C-level - 40%, Manager level - 35%, and others - 25%
* By Region - North America - 45%, Europe - 35%, Asia-Pacific - 15%, and RoW - 5%

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Emission Monitoring Systems Market - Global Trend and Forecast to 2020
- Transportation Management System Market - Global Forecast to 2020
- Demand Response Management System Market - Global Forecast to 2020
- Electronic Toll Collection System Market - Analysis & Forecast (2014-2020)
- Learning Management Systems (LMS) Market - Global Forecast to 2020