TechNavio recognizes the following companies as the key players in the Global Forward Collision Warning Systems Market: Autoliv Inc., Continental AG, Delphi Automotive plc, and Robert Bosch GmbH.
Commenting on the report, an analyst from TechNavio’s team said: “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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-forward-collision-warning-systems…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Global Forward Collision Warning Systems Market 2014-2018
