“Growing Demand Due to Stringent Road Safety Regulations”
- The increasing emphasis by governments and global safety organizations on reducing road fatalities has made the integration of Forward Collision Warning Systems (FCWS) in vehicles a regulatory necessity.
- For instance, in July 2022, the European Union enforced new safety mandates under its General Safety Regulation, requiring the incorporation of collision warning and emergency braking systems in all new vehicles.
- This has led to a rise in the adoption of FCWS in both passenger and commercial vehicles, especially in developed regions like North America and Europe.
- OEMs are responding by embedding these technologies as standard offerings, further fueling market demand and technological upgrades.
- The push for enhanced vehicle safety is also influencing consumer purchasing decisions, making FCWS-equipped vehicles more attractive and widely accepted.
