Collision Avoidance Sensors Market Displaying A 21.2% CAGR From 2018 To 2025


 San Francisco, 1 Dec 2020: The Report Collision Avoidance Sensors Market Analysis Report By Application (Parking Assistance, Forward Collision Warning System), By Technology (Radar, Camera, Ultrasound), And Segment Forecasts, 2018 - 2025

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. The 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 an extensive focus on research and development by industry players have been major growth drivers for the market. The 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.

Access Research Report of Collision Avoidance Sensors Market @ https://www.grandviewresearch.com/industry-analysis/collision-sensors-market

Collision Avoidance Sensors Market Report Highlights

  • Integration of collision avoidance systems in vehicles is expected to help reduce the number of vehicle accidents due to human errors, which account for about 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 the 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 the 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.

Browse 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
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Access Press Release of Collision Avoidance Sensors Market @ 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:www.grandviewresearch.com

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