2019 Global Collision Mitigation System Market Breakdown, Development and New Market Opportunities & Forecast to 2025
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Collision mitigation system (CMS) is specially designed for automobiles to prevent and mitigate rear-end crashes. System used accurate data analysis algorithms which combine the input from radar and image sensors to offer enhanced safety. The system consists of camera, vision control module and electronically scanning radar, and mounted on bonnet of an automobile.
Collision mitigation system has specially designed to warn driver with audible and visual alarm, if system estimates high risk of collision when equipped vehicle approaches an obstacles such as pedestrian and another vehicle among others. If drivers fails to react over the warning, the system automatically applies the brake to ensure safety.
Transportation is an indispensable need of a community and transportation industry is expected to grow linear with growth in population. Health conscious consumers and emerging government regulations over road safety are driving demand for safe and technologically sound vehicles. It would be a key driver to promote adoption of collision mitigation systems.
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Automobile manufacturer are continuously adopting latest technology in order to cater the growing demand of smarter, faster, comfortable and safe vehicles, which would augment the demand of collision mitigation system. Additionally, growing traffic congestion in China and India is expected to drive adoption of collision mitigation system at steady rate.
However sustainability of the global collision mitigation system market is majorly depends on further innovation and product development.
In 2018, the global Collision Mitigation System market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
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This report focuses on the global Collision Mitigation System status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Collision Mitigation System development in United States, Europe and China.
The key players covered in this study
Bendix Commercial Vehicles Systems
Mitsubishi Motors North America
Market segment by Type, the product can be split into
Market segment by Application, split into
Light Commercial Vehicles
Heavy Commercial Vehicles
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Collision Mitigation System status, future forecast, growth opportunity, key market and key players.
To present the Collision Mitigation System development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Collision Mitigation System are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.