The automotive collision avoidance system market was valued at US$ 12.5 billion in 2018 and is projected to reach US$ 30.9 billion by 2027, according to a new market research report, Global Automotive Collision Avoidance System Market, by Device (Adaptive Cruise Control, Autonomous Emergency Braking, Blind Spot Detection, Driver Monitoring System, Electronic Stability Control, Lane Departure Warning, Night Vision, and Tire Pressure Monitoring System), by Technology (Radar, LiDAR, Camera, and Ultrasonic), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa). Collision avoidance system tracks the object of collision risk and either prompts the driver to take evasive action or in case of no response from the driver, autonomously steers the vehicle away from the obstacles. With the help of a LiDAR (light detection and ranging), radar, and camera, the system detects the obstacles or pedestrian and alerts the driver to avoid collision. The adoption of electronic stability control system plays a major role in driving growth of the market. The electronic stability control is a crash avoidance system that assist drivers to avoid accidents by reducing danger of skidding and losing control. With the help of microcomputer and electronic sensors, the electronic stability control continually monitors steering and braking inputs together with acceleration, wheel rotation, and yaw rate. According to ’ analysis, electronic stability control can reduce fatal crashes by 20% to 40%.
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