Global Anti-collision Sensor Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2028

Global Anti-Collision Sensors Market: Overview

“The global Anti-Collision Sensors Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The anti-collision sensor also called Collision Avoidance Sensors (CAS), or collision sensors, is a collision avoidance device used to avoid or reduce the severity of a collision by detecting an object in the path. Such sensors are used in the automotive, rail, and aerospace & defense sectors, to prevent collision during operation and to provide safety and security during the operation.

Global Anti-Collision Sensors Market: Dynamics

Increasing demand for safety systems and the rising percentage of vehicular accidents across the world, which is expected to boost demand for the target product.

In addition, growing implantation of anti-collision sensors in the various transport system, increasing research and development activities for introducing new technologies, increasing demand for sensors in unmanned aerial vehicles, along with government regulations and policies regarding deploying safety features in vehicle are some of the factors expected to fuel growth of target market over the forecast period.

However, high cost of LiDAR-based systems may hinder growth of the target market.

In January 2015, For instance, the National Highway Traffic Safety Administration (NHTSA) reports the addition of automatic emergency braking systems into its New Car Assessment Program (NCAP) to reduce or prevent the severity of crashes.

Moreover, government regulations regarding incorporation of camera-based collision avoidance systems into vehicles, expected to create lucrative opportunities for growth of the target market.

Global Anti-Collision Sensors Market: Segment Analysis

Among the technology segments, the radars segment is projected to hold significant share in the market over the forecast period.

Among the application segments, the parking sensor segment is projected to grow at faster pace over the forecast period.

Among the end user segments, the automotive segment is expected to account for highest market share over the forecast period

Global Anti-Collision Sensors Market: Regional Analysis

The market in Asia Pacific is expected to dominate the global market during the forecast period. Factors such as growing automobile sector, high demand for safety systems, along with increasing adoption and implementation of anti-collision sensors in the transportation system, expected to favor anti-collision sensors market positively.

Moreover, expanding economies, increasing disposable income, and changing consumer lifestyles are some other factors projected to drive growth of the target market.

North America anti-collision sensors market accounts for significant share in the target market in terms of revenue and is expected to maintain its growth rate over the forecast period. Presence of aviation, defense, and automobile industries, increasing research and development activities in the technology of the sensors and existence of major manufacturers in countries in the region, plays an important role for growth of the market.

The anti-collision sensors market in Europe accounts for moderate revenue share in the target market and is expected to witness considerable growth over the next 10 years. This is attributed due to usage of large number of high-end vehicles in the region.

Global Anti-Collision Sensors Market Segmentation:

Segmentation by Technology:

• Radar
• Ultrasonic
• LiDar
• Camera

Segmentation by Application:

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

Segmentation by Application:

• Automotive
• Aerospace and Defense
• Industrial
• Rail

Segmentation by Region:

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