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The Latin America, Middle East and Africa Collision Avoidance System Market would witness market growth of 13.9% CAGR during the forecast period (2017-2023). Collision Avoidance System is safety awareness or a warning system and it is designed to reduce the severity of a collision. These systems are majorly incorporated into automobiles and in mining to avoid major accidents. It is also known as pre-crash system, forward collision warning system, or collision mitigating system. The adoption of the technology helps in detecting imminent strikes by alerting the driver about a potential collision. Radars used to pick accurate determination of distance and location of a given obstacle. Cameras, both vision, and infrared on the other hand have a shorter field of view and are used in identifying the type of obstacle ahead. Ultrasound systems are used to detect short distance obstacles. They are relatively cheaper and predominantly used in parking assistance. LiDAR-based anti-collision systems offer wide-view field and detailed imagery; nevertheless, are highly expensive.
Based on Type, the market report segments the market into Adaptive Cruise Control, Parking Assistance, Lane Departure Warning System, Autonomous Emergency Braking, and Others. Based on Technology, the market report segments the market into RADAR, Camera, LiDar, and Ultrasonic. Based on Application, the market report segments the market into Automotive, Aerospace, Rail, and Marine. Based on Countries, the Collision Avoidance System market segments the market into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA. The market research report covers the analysis of key stake holders of the Collision Avoidance System Market.
Key companies profiled in the report include Delphi Automotive LLP, Robert Bosch GmbH, Denso Corporation, Autoliv, Inc., General Electric Company, Honeywell International, Inc., Rockwell Collins, Inc., Siemens AG, Wabtec Corporation, and Alstom SA.