A new market study,“ Collision Avoidance Sensors Market ” has been featured on Market Research Future.
The report on the Collision Avoidance Sensors Market provides a bird’s eye view of the current proceeding within the Collision Avoidance Sensors Market. Further, the report also takes into account the impact of the novel COVID-19 pandemic on the Smart Stadium Market and offers a clear assessment of the projected market fluctuations during the forecast period.
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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.
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.
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.
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.
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.
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.
More Information :https://www.marketresearchfuture.com/reports/collision-avoidance-sensors-market-8167
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