Collision Avoidance Sensors Market Size Register Strong Growth of CAGR 21.2% | USD 18.8 Billion by 2025

13 Jul 2020

Collision Avoidance Sensors Market is valued at USD 4.90 Billion in 2018 and expected to reach USD 18.8 Billion by 2025 with the CAGR of 21.2% over the forecast period.

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.

Collision avoidance sensors (CAS) are detecting an object in the path of a moving vehicle so the human operator or the vehicle’s automated system can take act to avoid a collision. The most common automobile application is a reverse sensor that alerts drivers to problems in their path when backing up. Collision avoidance sensors are also common in automated directed vehicles in factories and warehouses. Collision sensors are usually mounted on the front and rear of the vehicle. Once an object is detected, the sensor triggers an audio or visual alarm, or may activate the vehicle’s brakes. For example, CAS, also known as precrash system, forward collision warning system, or collision mitigating system, uses radar or other sensors to detect an imminent crash and then provides a warning to the driver or takes braking/steering action directly.

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Global Collision Avoidance Sensors market report is segmented on the basis of type and application. Based upon type Collision Avoidance Sensors is classified into LiDAR, Ultrasound, Camera and Radar. Based upon application Collision Avoidance Sensors is classified into Forward Collision Warning System (FCWS), Parking Assistance, Lane Departure Warning System (LDWS), Blind Spot Detection (BDS), Adaptive Cruise Control and Others.

The regions covered in this global Collision Avoidance Sensors market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level market of Collision Avoidance Sensors is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Collision Avoidance Sensors Manufacturers- Global Collision Avoidance Sensors market Report covers prominent players are, Delphi Automotive, Bosch, Denso Corporation, TRW automotive , Continental AG , Others.

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.- Rising demand for vehicle security by consumers and government vehicle safety regulatory agencies is expected to drive the growth of the collision avoidance sensors market. Installation of collision avoidance systems allows vehicles to perform autonomous and semi-autonomous decision-making. Demand for forward collision warning system is rising due to the increasing concern of society toward safety and forward collision system comes by default in the autonomous vehicles. Increasing number of severe accidents had elevated the need of a system to avoid collisions. The collision avoidance system is helpful to avoid imminent collisions amongst objects such as automobiles, aircrafts, railways, marine and others. According to World health Organization, Approximately 1.35 million people die each year as a result of road traffic crashes. The 2030 Agenda for Sustainable Development has set an ambitious target of halving the global number of deaths and injuries from road traffic crashes by 2020. In addition, increasing government regulations related to driver safety such as deployment of advanced sensors in vehicles to avoid accidents, assist during parking, and help during critical weather conditions is increasing its demand from automobile sector, which is expected to increase growth of the global collision avoidance sensors market. However, high installation cost of sensors is a major factor hampering growth of the global collision avoidance sensors market. Technological advancements and increasing R&D activities and development of cost effective sensor systems are expected to create new opportunities in terms of revenue to players operating in the global collision avoidance sensors market over the forecast period.

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North America is dominating the Collision Avoidance Sensors Market- North America is expected to dominate the growth of Collision Avoidance Sensors Market. In North America, the collision avoidance sensors market is propelled by increasing sales of Advanced Driver Assistance Systems (ADAS) such as blind spot detection, forward collision warning, adaptive cruise control, lane departure warning, and parking assistance system. Vehicles with parking assistance systems use a combination of vision-based and ultrasound anti-collision sensors. According to Self-Driving Car Statistics and Facts, the American government is willing to invest a whopping USD4 billion to make driverless cars a reality. According to United state department of transportation, in 2017, 37,133 people died in motor vehicle crashes. New driver assistance technologies hold the potential to reduce the number of crashes and save thousands of lives a year. Europe is second largest region for the growth of Collision Avoidance Sensors Market, due to 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.

Global Collision Avoidance Sensors Market Segmentation –

By Type: LiDAR, Ultrasound, Camera, Radar

By Application: Forward Collision Warning System (FCWS), Parking Assistance, Lane Departure Warning System (LDWS), Blind Spot Detection (BDS), Adaptive Cruise Control, Others

Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa

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