|By PR Newswire||
|March 24, 2014 10:00 PM EDT||
DUBLIN, March 25, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/5h5nh9/global_forward) has announced the addition of the "Global Forward Collision Warning Systems Market 2014-2018" report to their offering.
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The analysts forecast the Global Forward Collision Warning System market to grow at a CAGR of 30.26 percent over the period 2013-2018. One of the key factors contributing to this market growth is the growth of the Global Advanced Driver Assistance Systems market. The Global Forward Collision Warning System market has also been witnessing the increasing number of initiatives taken by various governments across the world to increase passenger safety. However, the high cost of a forward collision warning system could pose a challenge to the growth of this market.
The report, the Global Forward Collision Warning System Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and the APAC regions; it also covers the Global Forward Collision Warning System market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Since the market in developed nations is experiencing low automobile sales at present, so the automotive safety system vendors will look to penetrate the untapped market through mergers and acquisitions. The Global Forward Collision Warning System market has witnessed many strategic expansions and agreements, and this trend is expected to increase in the future. For instance, Autoliv has acquired the Asian auto safety business Delphi Automotive plc to penetrate the market in the APAC region and thereby increase its market share.
In addition, Autoliv has acquired the advanced radar systems business from Tyco Electronics Ltd. (now known as TE Connectivity Ltd.). Bosch collaborated with Pratt & Miller Engineering and Fabrication for development of radar-based collision avoidance systems. Other players are also concentrating on joint ventures as a way to capture more market share, enhance their distribution channels and their markets reach, and remain competitive in the market.
According to the report, one of the major drivers in this market is the growth of the Global Advanced Driver Assistance Systems market. The demand for advanced driver assistance systems in automobiles has a direct and immediate positive effect on the growth of the Global Forward Collision Warning System market.
Further, the report states that one of the main challenges in this market is the high cost of forward collision warning systems, which increases the overall cost of automobiles and negatively impacts the Global Forward Collision Warning System market.
Key Topics Covered:
1. Executive Summary
2. List of Abbreviations
3. Scope of the Report
4. Market Research Methodology
6. Market Landscape
7. Geographical Segmentation
8. Buying Criteria
9. Market Growth Drivers
10. Drivers and their Impact
11. Market Challenges
12. Impact of Drivers and Challenges
13. Market Trends
14. Trends and their Impact
15. Vendor Landscape
16. Key Vendor Analysis
17. Other Reports in this Series
- Autoliv Inc.
- Continental AG
- Delphi Automotive plc
- Denso Corp.
- Magna International Inc.
- Robert Bosch GmbH.
- TRW Automotive Holdings Corp.
For more information visit http://www.researchandmarkets.com/research/5h5nh9/global_forward
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
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