anti-collision-sensors-market

Anti-collision Sensors Market By Sensor Technology (Radar, Camera, LiDAR, Ultrasonic), By Application (Forward Collision Warning System, Adaptive Cruise Control, Blind Spot Monitor, Lane Department Warning System, Parking Sensor, Other), By End Use Industry (Automotive, Aerospace And Defense, Rail, Industrial, Other End Use Industries) - Growth, Future Prospects And Competitive Analysis, 2021 - 2029

01 Dec 2019 Format PDF icon PPT icon XLS icon Request Sample

"Growing adoption of autonomous vehicles to drives the growth of anti-collision sensors market"

Globally, the anti-collision sensors market is expected to grow with a CAGR of more than 22.3% during the forecast period from 2021 to 2029, starting from US$ 7.9 Bn in 2020. Growing demand for passenger safety is driving the growth of anti-collision sensors market worldwide. The rapidly developing automotive industry has led to the growth of fuel-efficient and safe vehicles. The anti-collision sensors play an import role to provide additional safety features to the vehicles. It also helps to reduce the mortality caused by vehicle incidences. Additionally, the growing demand for the advanced and autonomous vehicles are escalating the growth of the anti-collision sensors market.

On the other hand, the slow adoption of safety features in the passengers and the commercial vehicles are expected to hamper the growth of anti-collision sensors market over the forecast period. The technological advancements in the aerospace and automotive sectors led to the high adoption of anti-collision sensors in various applications. Thus, this is anticipated to boost the demand for the anti-collision sensors market. Furthermore, the Growing applications of unmanned aerial vehicles across several industry verticals are projected to sever several growth opportunities in anti-collision sensors market in upcoming years. 

"Growing use of radar sensors as the well-established sensors technology to continue dominating the market"

In 2020, the global anti-collision sensors market by sensors technology was led by the radar sensors segment contributing to over 35% of the total revenue generated worldwide followed by camera sensor technology.  Additionally, based on the applications, the anti-collision sensors market is dominated by adaptive cruise control applications. It is expected to be the dominating application during the forecast period.  The trending autonomous cars and the Unmanned Aerial Vehicles (UAVs) technologies led to the high adoption of radar and the camera sensors in their systems that attributed to the increasing demand of these anti-collision sensors across the globe. Furthermore, innovations and the advancements in the automotive industries are expected to offer significant growth Opportunities for the anti-collision sensors market.

"Asia Pacific to Register the Fastest Growth"

Asia-Pacific dominated the global anti-collision sensors market in 2020 by capturing the largest market share of around 45% of the total revenue generated worldwide. Increasing awareness of vehicle safety features and technological advancements in the automotive industry in this region is the primary factor attributed to this huge market share of this region. Furthermore, increasing spending capacity of the people in this region, increasing focus on road safety and rules, and development in the automotive technologies are also driving the growth of anti-collision sensors market in this region. Moreover, expansion of global technology leaders in this region is also fueling the market growth. Additionally, number of companies in the US and European countries are largely investing in installation of advanced tools in the upcoming models of the vehicles which are likely to drive the anti-collision sensors market in these regions.

Some of the prominent players operating in the anti-collision sensors market include Continental AG, NXP Semiconductor, Robert Bosch GmbH, ZF Friedrichshafen, TRW Automotive, Denso Corporation, Texas Instruments, Aisin Seiki Co, Delphi Automotive, and Autoliv AB.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Anti-collision Sensors market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Anti-collision Sensors market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Sensor Technology
  • Radar
  • Camera
  • LiDAR
  • Ultrasonic

Application
  • Forward Collision Warning System
  • Adaptive Cruise Control
  • Blind Spot Monitor
  • Lane Department Warning System,
  • Parking Sensor
  • other

End-Use Industry
  • Automotive
  • Aerospace and Defense
  • Rail
  • Industrial
  • Others

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Anti-collision Sensors market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Anti-collision Sensors market?
  • Which is the largest regional market for Anti-collision Sensors market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Anti-collision Sensors market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Anti-collision Sensors market worldwide?
Choose Licence Type
$4500
$6500
$9000
Why Acute
View Other Reports