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New York, July 28, 2021 (GLOBE NEWSWIRE)–Reportlinker.com announced the release of the “Global Collision Avoidance System Industry” report- https://www.reportlinker.com/p05956378/?utm_source=GNW
It will be 7 billion by 2020, and it is expected to reach the revised US$62.8 billion by 2027, which will grow at a compound annual growth rate of 6.4% during the analysis period from 2020 to 2027. Automotive is one of the market segments analyzed in the report, and it is expected that by the end of the analysis period, the compound annual growth rate will be 6.6%, reaching US$21.5 billion. After an early analysis of the business impact of the pandemic and the economic crisis it caused, the construction and mining sector’s growth was re-adjusted to a revised 7% compound annual growth rate over the next seven years. This segment currently accounts for 23.9% of the global collision avoidance system market.
The U.S. will account for more than 30% of the global market in 2020, while China is expected to grow at a compound annual growth rate of 8% from 2020 to 2027
By 2020, the U.S. collision avoidance system market is estimated to be 12.2 billion U.S. dollars. The country currently accounts for 30.03% of the global market share. China is the world’s second largest economy, and its market size is expected to reach 8.3 billion U.S. dollars by 2027, with a compound annual growth rate of 8% by 2027. Other notable geographic markets include Japan and Canada, which are each expected to grow by 5.4% and 6% during 2020-2027, respectively. In Europe, Germany is expected to grow at a compound annual growth rate of approximately 5.7%, while other European markets (as defined in the study) will reach US$8.3 billion by 2027.
The aerospace sector has a 20.4% share in 2020
In the global aerospace sector, the United States, Canada, Japan, China and Europe will drive an estimated 5.6% compound annual growth rate in this sector. By 2020, the total market size of these regional markets will reach 7.3 billion U.S. dollars, and by the end of the analysis period, the total market size is expected to reach 10.7 billion U.S. dollars. China will remain one of the fastest growing countries in this regional market cluster. Driven by countries such as Australia, India and South Korea, the Asia-Pacific market is expected to reach US$6.6 billion by 2027.
Select a competitor (83 selections in total)
- Alstom
- Analog Devices Company
- Autoliv
- Baker Mining Systems AG
- Caterpillar
- Continental Group
- Delphi Automotive Co., Ltd.
- Denso Corporation
- General Electric Company
- Honeywell International
- Infineon Technologies AG
- Murata Manufacturing Co., Ltd.
- NXP Semiconductors
- Panasonic Corporation
- Robert bosch gmbh
- Rockwell Collins
- Sabo
- Siemens AG
- Westinghouse Brake Company
- ZF AG
Read the full report: https://www.reportlinker.com/p05956378/?utm_source=GNW
1. Methodology
2. Executive Summary
1. Market overview
Influencer market insights
The impact of Covid-19 and the imminent global recession
The pandemic crisis weakened the economic environment and triggered
GDP contrarian
Chart 1: World economic growth forecast (real GDP,
Annual percentage change in 2019, 2020 and 2021)
Chart 2: Decrease in global capital expenditures by industry in fiscal year 2020 (percentage)
Chart 3: 2018, 2019 and 2020 global PMI index points
Collision Avoidance System (CAS): Prelude
Key components of automobile collision avoidance system
Popular technologies for aerospace collision avoidance systems
The anti-collision system market is expected to grow steadily
Recent market activity
2. Focus on selected players
Choose a world brand
3. Market trends and driving factors
Automotive industry: the largest consumer of CAS technology
Anti-collision technology seeks mainstream role
Automobile industry
The rising importance of road traffic safety has led to wider adoption
Automobile CAS
As millions of people continue to die from preventable road traffic accidents,
Concern for car safety has never been higher: number
Number of deaths caused by road traffic accidents in various regions of the world
2017 and 2030
Anti-collision technology may be reduced
accident
Despite the impact of COVID-19, the long-term growth of CAS is still
Ride the car to restore the dynamics of the automotive industry
Figure 4: Decline in auto demand in key regions in 2020
(In millions)
Exhibit 5: After the recovery of COVID-19 automobile production
Promoting the growth of the collision avoidance system market: the world
Million cars produced in 2008-2022
The heavy commercial vehicle market: a key indicator of growth
Figure 6: Segmentation of the world commercial vehicle market
Production by region in 2010, 2015 and 2019 (%)
Collision avoidance system is expected to improve fleet safety
Major trends in advanced driving assistance and collisions
Avoidance system
Strong long-term opportunities for CAS in construction and engineering
mining industry
CAS in construction applications: growth prospects still exist
possible
Figure 7: Global construction expenditure (in trillions of dollars)
2019, 2020 and 2021
Figure 8: Estimated infrastructure investment required (in US dollars)
Trillion), by region, during 2016-2040
Exhibit 9: Global Value of Construction Projects in Megacities (USD)
Billion) in 2019
CAS is still associated with mining facilities
The world’s metals and mining industry by material category: an overview
Figure 10: The world’s leading mining countries (2019):
Percentage breakdown of mine production in Australia,
China, Russia, the United States, etc.
Aerospace-Potential market for collision avoidance systems
Figure 11: The huge negative impact on air travel caused
Weak momentum in the CAS market: global airline performance
Region: 2020 and 2019
Continuous emphasis on improving aircraft safety and creating fertility
Aircraft CAS market environment
Increased regulatory pressure on ACAS II (TCAS II) and ACAS X
opportunity
The rise of drones creates a new growth path for aircraft CAS
Anti-collision sensor: Eye of the Sky
Chart 12: Global Military UAV Market (Unit: USD billion)
2018, 2020, 2022 and 2024
CAS is becoming more and more popular in maritime applications
Growing commercial and leisure marine activities: opportunities
Marine CAS indicator
Commercial shipping
Figure 13: World seaborne trade (in billions of tons of cargo)
Miles) for 2015, 2017 and 2019
Leisure shipping
Chart 14: World cruise passengers over the years (millions)
2010, 2015 and 2019
CAS stepped up to strengthen the safety of the railway system
Technological improvements help market expansion
The latest innovations in collision avoidance and passenger safety
system
Some advanced safety systems show promise to prevent collisions
The effectiveness of FCW and AEB systems in avoiding rear-end collisions
collision
4. Global market perspective
Table 1: Current and future collision analysis of the world…
The full story on Benzinga.com
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