Collision Avoidance Sensors Market

 

According to Market Research Future, the global collision avoidance sensors market has been segmented on the basis of technology, application, and region.

Collision avoidance systems play an important role in the environment where human and robots work together, as collision detection in such areas is particularly important for safety. The sensors are integrated into collision avoidance and detection systems, as these sensors assist in avoiding the accidents on roads and in factories.

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These systems enable automotive OEMs to integrate additional intelligence in developing an autonomous vehicle. Growing investments by automobile manufacturers in R&D and certain safety rules set by regulatory bodies are propelling the growth of collision avoidance sensors market worldwide. For instance, in January 2015, US National Highway Traffic Safety Administration (NHTSA) announced the addition of automatic emergency braking systems into its New Car Assessment Program (NCAP) to prevent and reduce the severity of crashes. However, the demand for these sensors may be limited owing to high procurement and integration cost for manufacturers. Thus, the manufacturers of low-priced cars may avoid installing these sensors, as it may increase the overall price of the vehicle.

The global collision avoidance sensors market has been segmented on the basis of technology, application, and region.

On the basis of technology, the market has been segmented into radar, camera, ultrasound, and LiDAR. The radar technology segment is expected to exhibit the largest market share as this technology is being adopted by the majority of OEMs of automobile sector owing to its low cost. The advanced driver-assistance system (ADAS) also use radar technology for collision detection warnings and for adaptive cruise control. Thus, this technology is becoming one of the popular sensing technologies in the automotive industry. Moreover, the camera segment is projected to register the highest CAGR during the forecast period. Camera-based collision avoidance system provides lane-departure warnings in an ADAS. In real-time applications, the stereo cameras are used to obtain a 3D model of the obstacles, thereby avoiding accidents. Also, in a human-robot collaborative environment, cameras help in improving the effectiveness of safety monitoring.

By application, the market has been segmented into adaptive cruise control (ACC), blind spot detection (BSD), forward collision warning system (FCWS), lane departure warning system (LDWS), and parking assistance, among others. The parking assistance segment held the larger market share in 2018, as the majority of automobile manufacturers have integrated parking assistance systems in their products. These systems help drivers of cars, trucks, and sport utility vehicles (SUV) to keep their vehicle’s bumpers damage-free and pedestrian-safe. Moreover, the forward collision warning system (FCWS) segment is expected to outrun the parking assistance system, gaining largest market share by 2025 as these systems enable monitoring the speed of the vehicle, the speed of the vehicle in front of it and the distance between the vehicles, thereby significantly decreasing rear-end collisions or accidents. For instance, Robert Bosch GmbH has developed a collision warning system for motorcycles to reduce the risk of a rear-end collision and to mitigate its consequences. 

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.

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