Global Collision Avoidance Sensors Market offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Market synopsis

The global collision avoidance sensors market is expected to grow from USD 3.8 billion in 2018 to USD ~15 billion by 2025, at a CAGR of ~22% during the forecast period. The number of road accidents has been increasing continuously, leading to loss of life, damage to vehicles, and traffic congestions. Although the adoption of autonomous vehicles is gaining traction in industrial applications, such as transporting goods or parts on predefined paths, the risk of colliding with people or objects is high. When such vehicles are equipped with collision detection or avoidance sensors, the vehicle can stop before a collision occurs.

FREE PDF @https://www.marketresearchfuture.com/sample_request/8167

To avoid accidents, major automobile manufacturers have started integrating collision avoidance sensors in their mass-market product offerings. For instance, Toyota Motor Corporation uses advanced technologies such as pre-crash braking system, auto-parking, auto-adjust headlamp, and vehicle communication system in their vehicles to avoid accidents. Thus, the growing sale of utility vehicles, sports utility vehicles (SUVs), and high-end luxury vehicles is one of the major factors driving the growth of collision avoidance sensors market.

In addition to vehicle applications, several companies across the world are installing collision avoidance sensors into their industrial production processes to avoid accidents and improve productivity. Also, the demand for drones with collision avoidance and obstacle detection sensors both in consumer and professional sectors is enhancing the growth of this market. Such drones are used in factories and warehouses for inspections, counting inventory, and logistics purposes. Furthermore, the development of 360۠° surveillance systems is expected to create a good opportunity for collision avoidance sensors market during the forecast period. However, the high cost associated with the sensors directly impacts the overall price of the vehicle, thereby limiting the growth of this market.

Collision avoidance sensors detect the barrier or object that come in the path of moving vehicle or production process in factories to avoid accidents. These sensors are usually mounted on the front and rear of the vehicle to detect the objects. These sensors actively warn the drivers in advance, allowing the driver to take appropriate corrective actions to mitigate or avoid the accidents. The sensors used to detect obstacles are radar, lidar, or vision sensors. In marine applications, radar sensors are commonly used to detect other objects in the vicinity.

Key Developments

In January 2019, Nanotron Technologies GmbH, a wholly owned subsidiary of Sensera Limited, partnered with Selectronic, industrial safety solutions provider, to introduce PDS2400 collision avoidance solution for open-pit mine safety. PDS2400, an RF-based proximity detection solution, enables collision detection and gives proximity warning between fast-moving vehicles, as well as between vehicles and people.
In August 2017, Intel Corporation acquired Mobileye, a collision-avoidance car sensor maker, to accelerate innovation for the automotive industry and position Intel as one of the leading technology providers in the fast-growing market for highly and fully autonomous vehicles
In March 2016, SZ DJI Technology Co., Ltd added a collision avoidance system to its Phantom 4 Drone to improves its aerodynamics. These system uses two forward-facing cameras to detect obstacles as far as 49.5 feet (15 meters) ahead of the quadcopter
Segmentation

The collision avoidance sensors market has been segmented on the basis of technology, application, and region.

On the basis of technology, the market has been segmented into radar, camera, ultrasound, and LiDAR.

By application, the market has been segmented into adaptive cruise control (ACC), blind spot detection (BSD), forward collision warning system (FCWS), lane departure warning system (LDWS), parking assistance, and others

Based on region, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and Central and South America.

Regional analysis

The global collision avoidance sensors market is projected to grow at a significant rate during the forecast period from 2019 to 2025. The geographic analysis of the collision avoidance sensors market has been conducted for North America, Europe, Asia-Pacific, the Middle East and Africa, Central and South America.

Europe holds the largest market share in the global collision avoidance sensors market owing to the presence of a considerably large automotive industry in Germany. Moreover, in Europe, there are certain government regulations for the installation of systems such as airborne collision avoidance system (ACAS) in aircraft for seating capacity and tire pressure monitoring system in automobiles. North America holds the second-largest share in this market owing to growing advances in certain sectors such as railways, construction, and mining. Furthermore, Asia-Pacific is expected to be the fastest-growing regional market during the forecast period.

Collision Avoidance Sensors Market

Competitive Analysis

The report on global collision avoidance sensors offers a comparative analysis of key players in the collision avoidance sensors market. These key players are investing heavily in research and development to create and offer differentiated and cost-effective vehicle safety solutions. The giant companies mainly emphasize product innovation and effective distribution of their products through their network of partners in various countries.

Key players

The key players in the collision avoidance sensors market are NXP Semiconductors (Netherlands), Delphi Automotive LLP (Ireland), Robert Bosch GmbH (Germany), DENSO CORPORATION (Japan), Continental AG (Germany), Infineon Technologies AG (Germany), Murata Manufacturing Co., Ltd. (Japan), Texas Instruments (US), Siemens AG (Germany), Rockwell Collins (US), and ALSTOM (France).

Other prominent players studied for the collision avoidance sensors market are General Electric (US), Honeywell International Inc. (US), Saab AB (Sweden), TRW Automotive (US), Becker Mining Systems AG (Germany), Panasonic Corporation (Japan), Sensata Technologies, Inc. (US), Takata Corporation (Japan), Wabtec Corporation (US), Autoliv Inc. (Sweden), among others.

Intended Audience

Automotive sensors manufacturing companies
Automotive sensors service providers
Automotive industry consultants and investment bankers
Government as well as independent regulatory authorities
Original device manufacturers (OEMs)
Technology standards organizations
Investors and consultants
System integrators
Government organizations
Research/consultancy firms
DC

anti collision system for cars
level sensors
drone collision avoidance system
force sensor
vibration sensor
optical sensor
anti collision radar
infrared sensors
gas sensor
humidity sensor
cars with collision avoidance system 2016
proximity sensor
collision sensor
crash avoidance systems
temperature sensors
ultrasonic sensor
drone collision avoidance
pressure sensors
front collision warning system
vehicle collision avoidance system
reverse camera
infrared temperature sensor
rear parking sensors
rear view camera
parking sensors
anti collision system
collision avoidance system cars
collision warning system
forward collision warning
forward collision warning system
collision avoidance system
collision avoidance sensors
More Information : https://www.marketresearchfuture.com/reports/collision-avoidance-sensors-market-8167

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]