- Report ID: BMRC 1185 | Number of pages: 200 | Publish Date: Jun 2020
Status: Published | Category: Semiconductor | Delivery Timeline:
Collision Avoidance Sensors Market is valued at USD 6.88 Billion in 2018 and expected to reach USD 25.27 Billion by 2025 with the CAGR of 20.4% over the forecast period.
This Collision Avoidance Sensors Market report also covers the impact of COVID-19 on the global market. The pandemic caused by Coronavirus (COVID-19) has affected every aspect of life globally, including the business sector. This has brought along several changes in Collision Avoidance Sensors market conditions.
Increase collision/accident cases followed by increase in vehicle safety awareness and increase in demand for automated vehicles are the major factors stimulating the growth of the global Collision Avoidance Sensors market
Scope of Global Collision Avoidance Sensors Market Report–
A collision avoidance system is an alert or safety awareness system designed to reduce the severity of a collision. Such systems are widely used in the automotive and mining industries to avoid accidents. It is also called a pre-collision system, collision warning system, or collision mitigation system. The system can detect upcoming strikes and alert drivers of any collisions. It consists of a collision avoidance sensor, which is an electronic safety device specially designed to reduce the risk of collision. They use LiDAR, GPS RF detection, radar, cameras and other technologies to detect any collision. As long as the system detects a collision and the driver takes no action, it alerts the driver. They will automatically take the necessary measures to avoid this situation. Smart sensor systems have beneficial attributes, such as intelligent cruise control, lane keeping assistance and driver attention warnings, to always pay attention to vehicle passengers and other road users. The automotive, aerospace, railway, marine, construction and mining sectors are key areas of application for collision avoidance systems. The automotive field is the most important area of application as where sensors are used in forward-collision warning (FCW) and autobrake, blind-spot monitoring and assist, lane departure warning and assist, rear cameras and parking assist etc.
Collision Avoidance Sensors market is segmented on the basis of type, technology, applications and region. Based on the type, the market is segmented into lane departure warning system (LDWS), adaptive cruise control (ACC), autonomous emergency braking (AEB), parking assistance and others. Based on technology module, the market is segmented into ultrasonic, LiDAR, radar and camera. Based on application, the market is segmented into automotive, marine, aerospace & defense and Rail.
The regions covered in this Collision Avoidance Sensors market report are North America, Europe, Asia-Pacific and Rest of the World. Based on the country level, market of Collision Avoidance Sensors market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key players of the Collision Avoidance Sensors market are,
Infineon Technologies AG
Robert Bosch GmbH.
Honeywell International Inc.
Global Collision Avoidance Sensors Market Dynamics-
Increased vehicle safety awareness and rising luxury vehicle sales are the major factors which will drive the growth in global collision avoidance sensors market during the forecast period. Additionally, there has been Increase in Demand for Automated Vehicles due to rise in the number of accidental cases. According to collision data collected by the National Highway Traffic Safety Administration (NHTSA), collisions still kill 40,000 people each year, more than 3 million injured and more than $ 130 billion in financial losses. The NHTSA Countermeasures Effectiveness Model predicts: inn theory, a trip detection system can prevent 37% to 74% of all rear-end collisions reported by the police. Thus, technological advancement and development in sensors will also drive the growth in this market in future. The National Highway Traffic Safety Administration (NHTSA) Highway Safety Insurance Institute (IIHS) announced that 99% of American automakers have signed an agreement to include automatic emergency braking systems (AEB) for all new vehicles as standard equipment by 2022. However, the high price of technology and the lower use of these sensors in low-cost cars is going to limit the growth of global collision avoidance sensors market.
North America is expected to Witness a Fastest Growth in the Global Collision Avoidance Sensors Market
Europe has been the market leader so far and is expected to remain dominant in future in the global Collision Avoidance Sensors market majorly due to strict government policies and regulations regarding the installation of vehicle safety devices. The European Union has made the use of automatic emergency braking systems, lane departure warning systems, electronic stability control systems and automatic braking systems mandatory in its vehicles which is prompting the cutaneous use of collision avoidance sensors in their vehicles, thereby boosting the growth in the market. North America follows Europe, due to mandatory installation of collision avoidance systems to automobiles, increased consumer awareness, automakers giving importance to research and development, and regulators updating the safety levels. For example, in January 2015, to prevent and / or mitigate the severity of accidents, the National Highway Traffic Safety Administration (NHTSA) announced the addition of an automatic emergency braking system to its news evaluation program cars (NCAP). Asia Pacific is going to witness enormous growth in collision avoidance sensors market due to availability of large population and their adoption of automobile vehicles with latest technologies as well as premium cars that will improve the safety and the experience.
Key Benefits for Global Collision Avoidance Sensors Market Report–
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
By Type: Lane Departure Warning System (LDWS), Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Parking assistance, Others (blind spot detection & night vision)
By technology: Ultrasonic, LiDAR, RADAR, Camera
By application: Automotive, Marine, Aerospace & Defense, Rail
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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Collision Avoidance Sensors Market 2020 By Type (Lane Departure Warning System (LDWS), Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Parking assistance, Others (blind spot detection & night vision)), By technology (Ultrasonic, LiDAR, RADAR, Camera), By application (Automotive, Marine, Aerospace & Defense, Rail) Forecast to 2025