Collision Avoidance Sensors Market Size Worth $18.97 Billion By 2025

January 2017 | Report Format: Electronic (PDF)

The global collision avoidance sensors market is expected to reach USD 18.97 billion by 2025, according to a new study conducted by Grand View Research, Inc. The updated ratings of safety agencies and incorporation of anti-collision sensors in mass-market models are expected to propel the market growth over the next six years.

The increasing awareness among consumers and extensive R&D by market players have fueled the market growth. Collision avoidance sensors enable vehicles to carry out semi-autonomous and autonomous decision-making. The rising need for security from consumers and governments is also expected to drive the collision avoidance sensors market growth.

The recent developments in the sensor technology are oriented toward making highly sophisticated devices and augmenting them with various parts of an automobile. Anti-collision sensors enable automotive OEMs to integrate additional intelligence to achieve the goal of an autonomous car.

Strict legal and regulatory standards have mandated the inclusion of sensors in motor vehicles. This is further estimated to drive the collision avoidance sensors market. However, the high costs of long-range radars and LiDAR-based sensors may restrain the market growth as low-price carmakers may abstain from adding onto the cost of vehicles.

 To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/collision-sensors-market

Further key findings from the study suggest:

  • Radar-based sensors accounted for over 41% of the global market in 2015. The segment is further expected to gain market share over the forecast period.

  • The reducing prices of radars have led to the increased adoption of the technology by various automotive OEMs

  • Camera-based collision avoidance sensors are expected to witness high growth, owing to the government regulations mandating their incorporation into vehicles

  • Adaptive cruise control accounted for a major market share in 2015. Such systems rely on long-range and medium and short-range radar sensors to automatically adjust a vehicle’s speed.

  • Technological innovations may mandate the incorporation of sensors in vehicles to counter the threat of accidents due to human errors, which account for 90% of accidents, according to 2014 UN Road Safety Collaboration study

  • Europe is expected to continue to lead the market over the forecast period. It accounted for over 33% of the market in 2015.

  • The key industry participants include Bosch, Continental, Delphi, Denso, Autoliv, and TRW, among others

Grand View Research has segmented the global collision avoidance sensors market based on technology, application, and region

Collision Avoidance Sensors Technology Outlook (Revenue, USD Million, 2014-2025)

  • Radar

  • Camera

  • Ultrasonic

  • LiDAR

Collision Avoidance Sensors Application Outlook (Revenue, USD Million, 2014-2025)

  • Adaptive Cruise Control (ACC)

  • Blind Spot Detection (BSD)

  • Forward Collision Warning System (FCWS)

  • Lane Departure Warning System (LDWS)

  • Parking Assistance

  • Others

Collision Avoidance Sensors Regional Outlook (Revenue, USD Million, 2014-2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • France

  • Asia Pacific

    • China

    • Japan

    • India

  • Latin America

    • Mexico

    • Brazil

  • The Middle East and Africa

Request Sample
Request for Customization

Choose License Type:

Single User - $4,950
Multi User - $7,950
Enterprise User - $9,950

Special Pricing & Discounts

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA