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Collision Avoidance Sensors Market Growth 2025 – An Understanding of the Market Divergences and its Trends

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International-Industry -News
Collision Avoidance Sensors Market Growth 2025 – An Understanding of the Market Divergences and its Trends

Collision Avoidance Sensors Market Growth

Market Research Future (MRFR’s) recent study finds that the global collision avoidance sensors market is set to grow at 22% CAGR between 2019 and 2025. The market is likely to touch a valuation of USD 15 Bn by the end of the forecast period. Increased incidences of road mishaps coupled with enforcement of stricter safety regulations is necessitating the development of superior safety systems.

Collision avoidance sensor is a highly advanced safety technology that is witnessing a quick uptake in vehicles and aircrafts. The rising vehicle parc worldwide, development of fast-lane highways and infrastructure are some of factors that are influencing the automotive sector.

Disruptive technologies continue to impact the automotive sector in different ways. With lines becoming more blurred between industries, dramatic changes are visible in the end outcome. Sectors such as automotive and aerospace are entering a phase where cross-verticals initiatives are increasing substantially. Such industry trends are opening new widows of opportunities for collision avoidance sensors. Automotive companies are collaborating with OEMs that specialize in sensor technology. Substantial investments are being made is developing innovative collision avoidance sensor technology. This allowing carmakers to introduce innovative safety systems such as auto-parking, vehicle communication system, pre-crash braking system, and auto-adjust headlamp.

The global collision avoidance sensors market is also benefiting from increased sale of utility vehicles, high-end luxury vehicles, sport s utility vehicles (SUVs) is fast-developing countries. Apart from the automotive sector, collision avoidance sensors are also finding application in other industrial vertical such as aircraft manufacturing, mining, railways, etc. In terms of application, drones offer attractive application opportunities to collision avoidance sensors market. Increase popularity of drones in expected to have a positive impact on the market growth. Nonetheless, the high cost of sensor production undermines the market prospect to certain extent.

Key players

The key players in the collision avoidance sensors market are NXP Semiconductors (Netherlands), Delphi Automotive LLP (Ireland), Robert Bosch GmbH (Germany), DENSO CORPORATION (Japan), Continental AG (Germany), Infineon Technologies AG (Germany), Murata Manufacturing Co., Ltd. (Japan), Texas Instruments (US), Siemens AG (Germany, Rockwell Collins (US), and ALSTOM (France).

Other prominent players studied for the collision avoidance sensors market are GENERAL ELECTRIC (US), Honeywell International Inc. (US), Saab AB (Sweden), TRW Automotive (US), Becker Mining Systems AG (Germany), Panasonic Corporation (Japan), Sensata Technologies, Inc. (US), Takata Corporation (Japan), Wabtec Corporation (US), and Autoliv Inc. (Sweden), among others.

Regional Analysis

The global collision avoidance sensors market is projected to grow at a significant rate during the forecast period from 2019 to 2025. The geographical analysis of the global collision avoidance sensors market has been conducted for North America, Europe, Asia-Pacific, the Middle East and Africa, Central and South America.

Europe dominates the collision avoidance sensors market owing to stringent government regulations to install advanced safety systems in vehicles and in manufacturing units. As per the European New Car Assessment Programme (NCAP), automobile manufacturers have to offer an emergency autonomous braking solution as part of the safety rating standards. North America holds second largest market share in the collision avoidance sensors market owing to rise in sales of utility vehicles, sports utility vehicles (SUVs), and high-end luxury vehicles in this region. Also, in US, it is mandatory to adopt electronic stability control (ESC) standard for all new vehicles that are manufactured after 2012. The market for Asia-Pacific is expected to show highest CAGR during the forecast period owing to growing focus on implementation of stringent road safety rules and increasing sale of of premium cars. The Middle East and Africa followed by South America is expected to show significant growth in coming years owing to growing investments in new technology by the government of these regions.

More Information@

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]

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