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Global Collision Avoidance Sensors Market

by pallavi shingare 10 months ago in economy

Collision Avoidance Sensors Market

Global Collision Avoidance Sensors Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at 21% through 2020 to 2027, reaching US$ XX Bn.

Global Collision Avoidance Sensors Market

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The report has covered region wise market trends with competitive landscape. The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

Collision Avoidance System is a warning or a safety awareness system intended to decrease the severity of a collision. These systems are extensively utilized in mining and automobile sectors to avoid accidents. The collision avoidance sensors market has witnessed rapid growth over the past few years due to growing improvements in the fields of the camera, LIDAR, radar, and ultrasound technologies.

Several luxury automobile producers are expected to accept these sensors on a huge scale, applying them as an indispensable component of a vehicle’s active safety systems package. The global collision avoidance sensors market is driven by the increasing demand for automated vehicles, and improved visibility and enhanced safety. However, the high installation cost is restraining the market growth at the global level. An increase in automotive safety norms and electronic integration in automotive are expected to create beneficial opportunities for the key player in the market during the forecast period.

Based on the type, the LiDAR and Ultrasound segment has led the collision avoidance sensors market in 2019 and is estimated to generate more than US$ XX Mn market revenue by 2027, with a CAGR of XX%. Ultrasound systems have low-cost and are capable of short-distance obstacle detection. They are particularly referred to as in-vehicle parking assistance solutions. LiDAR-based anti-collision sensors provide a wide-angle field view and are capable of producing detailed imagery. But, LiDAR sensors are very costly and they require more vehicle space for installation.

The camera and radar segment is expected to witness a growth rate of XX% during the forecast period. Radars are widely used in the case of detection systems that need a precise measurement of location and distance of obstacles. The vision and infrared cameras have a shorter and narrower field of view but are more helpful for classification and identification of the obstacle as compared to radar.

Geographically, the collision avoidance sensorsmarket is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the prominent market share of XX% in 2019 and is expected to reach US$ Mn by the end of 2027, with a CAGR of XX%. Thanks to the presence of major market players in the region. e.g., in U.S., the Electronic Stability Control (ESC) standard has been adopted for all new vehicles manufactured after 2012.The rising investments in research and development activities for the introduction of advanced collision avoidance sensorsare predicted to accelerate the growth of this region in the near future. Europe held the second-largest market share of XX% in 2019 and is expected to reach US$ Mn by the end of 2027, with a CAGR of XX%.

According to the European NCAP, passenger vehicle producers have to provide an emergency autonomous braking solution as part of the agency’s safety rating standards.Installation of innovative safety systems has been made mandatory by government regulations in the North America and Europe regions. The market in Asia Pacific is expected to grow at a high CAGR of XX% during the forecast period thanks to increased emphasis on implementation of stringent road safety rules. Increasing purchasing power of consumers, growth in GDP, increasing sales of premium cars, and high standards of living are expected to fueling the market growth in Asia Pacific and MEA.

The objective of the report is to present a comprehensive analysis of the Global Collision Avoidance Sensors Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Collision Avoidance Sensors Market dynamics, structure by analyzing the market segments and project the GlobalCollision Avoidance Sensors Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Collision Avoidance Sensors Market make the report investor’s guide.

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Scope of the Global Collision Avoidance Sensors Market: Inquire before buying

Global Collision Avoidance Sensors Market, by Type:

• Adaptive Cruise Control (ACC)

• Blind Spot Detection (BSD)

• Forward Collision Warning System (FCWS)

• Lane Departure Warning System (LDWS)

• Parking Assistance

• Others

Global Collision Avoidance Sensors Market, by Technology:

• Radar

• Camera

• Ultrasound

• LiDAR

Global Collision Avoidance Sensors Market, by Application:

• Automotive

• Aerospace & Defense

• Marine

• Rail

Global Collision Avoidance Sensors Market, by Region:

• Asia Pacific

• North America

• Europe

• Latin America

• Middle East Africa

Global Collision Avoidance Sensors Market, Major Players:

• Robert Bosch GmbH

• Delphi Automotive

• Continental AG

• NXP Semiconductors

• Murata Manufacturing Co., Ltd.

• Denso Corporation

• Autoliv, Inc.

• General Electric Company

• Rockwell Collins, Inc.

• Honeywell International, Inc.

• Siemens AG

• Alstom SA

• Wabtec Corporation

This Report Is Submitted By : Maximize Market Research Company

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pallavi shingare

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