Collision Avoidance Sensors Market to Grow with a CAGR of 14.19% through 2029
Increasing emphasis on vehicle safety and advancements
in sensor technologies are likely to drive the Market in the forecast period.
According to TechSci Research report, “Collision
Avoidance Sensors Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029F”, the Global Collision
Avoidance Sensors Market is experiencing a surge in demand in the forecast
period. One of the primary drivers propelling
the global Collision Avoidance Sensors market is the ever-growing emphasis on
road safety. Governments and regulatory bodies worldwide are intensifying their
efforts to reduce road accidents and enhance overall safety on the streets.
This has led to the implementation of stringent safety regulations and
mandates, often requiring the incorporation of collision avoidance systems in
vehicles. These systems typically utilize a combination of sensors, such as
radar, LiDAR, cameras, and ultrasonic sensors, to detect potential collisions
and enable proactive responses. Furthermore, there is a rising awareness among
consumers regarding the importance of collision avoidance systems in mitigating
accidents. As a result, more individuals are actively seeking vehicles equipped
with these advanced safety features. This growing demand from both regulatory
and consumer standpoints has significantly driven the market, encouraging
manufacturers to develop and integrate more sophisticated collision avoidance
sensor technologies.
The evolution and continuous
advancements in sensor technologies represent another powerful driver of the
global Collision Avoidance Sensors market. These sensors have experienced a
remarkable transformation, progressing from basic ultrasonic and infrared
sensors to more sophisticated, high-precision solutions like radar, LiDAR, and
computer vision-based systems. These advanced sensor technologies offer
substantial benefits, such as extended detection ranges, improved accuracy, and
enhanced adaptability to diverse environmental conditions. As a result, they
are better equipped to detect potential collisions with greater precision, even
in complex traffic scenarios or adverse weather conditions. Moreover, the
decreasing cost of manufacturing these sensors and their components is making
them more accessible for both vehicle manufacturers and consumers. The
combination of superior performance and more affordable pricing makes collision
avoidance sensors an attractive proposition for automakers and vehicle buyers
alike. This driver stimulates continuous innovation, with manufacturers
striving to deliver increasingly sophisticated and cost-effective collision
avoidance systems, further accelerating market growth.
Browse over XX Market data Figures spread
through XX Pages and an in-depth TOC on "Global Collision
Avoidance Sensors Market.”
The Global Collision Avoidance Sensors Market is
segmented into technology, application, industry vertical and region.
Based on application, The Adaptive cruise control
(ACC) segment held the largest Market share in 2023. ACC is appreciated for its
ability to improve driving comfort and convenience. It automatically adjusts a
vehicle's speed to maintain a safe following distance from the vehicle ahead.
Drivers can set their desired following distance, and the system takes care of
acceleration and deceleration. This feature is particularly valuable during
highway driving and in congested traffic, where frequent speed adjustments are
necessary. ACC helps reduce driver fatigue, especially during long highway
journeys. By managing speed and following distance, it alleviates the need for
constant manual speed control. This allows drivers to focus more on road
awareness and reduces the cognitive load associated with maintaining a
consistent speed. ACC can contribute to a smoother traffic flow, especially
during periods of stop-and-go traffic. It minimizes abrupt acceleration and
deceleration, which can, in turn, reduce traffic congestion and the likelihood
of rear-end collisions.
While ACC primarily focuses on driving comfort, it also
plays a crucial role in collision avoidance. The system can detect the speed
and proximity of the vehicle ahead and, in many cases, initiate automatic
braking if a potential collision is imminent. This dual functionality makes ACC
a valuable feature for both convenience and safety. Many automakers are
including ACC as a standard or optional feature in their new vehicle models.
This widespread availability has contributed to ACC's growing influence and
adoption by a broader range of consumers. ACC is often integrated with other
advanced driver assistance systems, such as Forward Collision Warning (FCW) and
Automatic Emergency Braking (AEB). This integration creates a comprehensive
safety package that further enhances collision avoidance capabilities.
Major companies operating in the Global Collision
Avoidance Sensors Market are:
- Continental AG
- Robert Bosch GmbH
- Aptiv PLC
- Luminar Technologies Inc
- Aeva Inc.
- Mobileye Global Inc,
- NXP Semiconductors N.V.
- Infineon Technologies AG
- STMicroelectronics International N.V.
- Denso Corporation
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“The Global Collision Avoidance Sensors Market is
expected to rise in the upcoming years and register a significant CAGR during
the forecast period. The
increasing demand for autonomous vehicles is one of the key drivers of the
collision avoidance sensors market. Autonomous vehicles rely on a variety of
sensors to perceive their surroundings and make decisions about how to navigate
safely. Collision avoidance sensors are essential for autonomous vehicles to be
able to operate safely in real-world traffic conditions. Another key driver of
the collision avoidance sensors market is the growing adoption of advanced
driver assistance systems (ADAS). ADAS features such as automatic emergency
braking (AEB), lane departure warning (LDW), and adaptive cruise control (ACC)
all rely on collision avoidance sensors to function. Therefore, the Market
of Collision Avoidance Sensors is expected to boost in the upcoming years”, said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“Collision Avoidance Sensors Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Technology (Radar, LiDAR, Ultrasound, Others), By Application (Adaptive Cruise Control, Blind Spot Detection, Forward Collision Warning System, Lane Departure Warning System, Parking Assistance, Others), By Industry Vertical (Marine, Aerospace and Defense, Automotive, Others), By Region, By Competition, 2019-2029F”, has evaluated
the future growth potential of Global Collision Avoidance Sensors Market and
provides statistics & information on Market size, structure and future Market
growth. The report intends to provide cutting-edge Market intelligence and help
decision-makers make sound investment decisions., The report also identifies
and analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the Global Collision Avoidance Sensors Market.
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