The global collision Avoidance Sensors Market size is expected to
reach USD 18.97 billion by 2025, according to a new study conducted by Grand
View Research, Inc., displaying a 21.2% CAGR during the forecast period.
Integration of anti-collision systems in mass-market vehicles and updated
safety ratings of agencies are expected to fuel market growth over the next few
years.
Increasing consumer awareness
and extensive focus on research and development by industry players have been
major growth drivers for the market. Installation of collision avoidance
systems allows vehicles to perform autonomous and semi-autonomous
decision-making. Growing demand for vehicle security by consumers and
government vehicle safety regulatory agencies is also expected to drive the
growth of the collision avoidance sensors market.
Recent technological
developments in sensors are focused on building highly sophisticated devices
and augmenting their performance using various components of the
vehicle.Anti-collision systems enable automotive OEMs to integrate additional
intelligence to accomplish the goal of developing an autonomous vehicle.
Stringent regulatory and legal
standards have mandated the addition of sensors to enhance safety features in
vehicles. These are expected to drive demand for collision avoidance sensors
over the forecast period. However, high cost of LiDAR-based systems and
long-range radars may cause a hindrance to market growth as manufacturers of
low-priced cars may refrain from installing sensors to avoid increase overall
price of vehicles.
Full Research Report On collision
Avoidance Sensors Market Analysis:
www.grandviewresearch.com/industry-analysis/collision-sensors-market
www.grandviewresearch.com/industry-analysis/collision-sensors-market
Further key findings from the report
suggest:
·
Integration of collision
avoidance systems in vehicles is expected to help reduce the number of vehicle
accidents due to human error; the latter are said to account for 90% of
accidents, according to a 2014 UN Road Safety Collaboration study
·
The radar segment is projected
to account for 44.5% of the global market by 2025. Declining prices of radars
have led to their increased adoption by various Original Equipment
Manufacturers (OEMs) of automobiles
·
Due to mandatory government
regulations regarding incorporation of camera-based collision avoidance systems
into vehicles, the camera segment is expected to witness high growth over the
forecast period
·
The Forward Collision Warning
System (FCWS) segment is expected to account for a major market share by 2025
as these systems help in significantly decreasing rear-end collisions or
accidents
·
Over the forecast period,
Europe is anticipated to retain its position as market leader in the adoption
of collision avoidance sensors and systems and is anticipated to reach USD 5.80
billion by 2025
·
Key market participants include
NXP Semiconductors, Continental AG, Delphi Automotive, Robert Bosch GmbH, and
Murata Manufacturing Co., Ltd.
View More Reports Of This Category By Grand
View Research At: https://www.grandviewresearch.com/industry/sensors-and-controls
Grand View Research has
segmented the global collision avoidance sensors market on the basis of
technology, application, and region:
Collision Avoidance Sensors Technology
Outlook (Revenue, USD Million, 2014 - 2025)
·
Radar
·
Camera
·
Ultrasound
·
LiDAR
Collision Avoidance Sensors Application
Outlook (Revenue, USD Million, 2014 - 2025)
·
Adaptive Cruise Control (ACC)
·
Blind Spot Detection (BSD)
·
Forward Collision Warning
System (FCWS)
·
Lane Departure Warning System
(LDWS)
·
Parking Assistance
·
Others
Collision Avoidance Sensors Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o France
o Germany
·
Asia Pacific
o China
o India
o Japan
·
Latin America
o Brazil
o Mexico
·
Middle East & Africa
Access
Full Press Release of this Report: https://www.grandviewresearch.com/press-release/global-collision-avoidance-sensors-market
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more information: https://www.grandviewresearch.com/
