Anti-collision Sensors Market By Sensor Technology (Radar, Camera, LiDAR, Ultrasonic), By Application (Forward Collision Warning System, Adaptive Cruise Control, Blind Spot Monitor, Lane Department Warning System, Parking Sensor, Other), By End Use Industry (Automotive, Aerospace And Defense, Rail, Industrial, Other End Use Industries) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Growing adoption of autonomous vehicles drives the growth of the anti-collision sensor market.

Globally, the anti-collision sensors market is expected to grow at a CAGR of more than 22.3% during the forecast period from 2019 to 2027, starting from US$5.5 Bn in 2018. Growing demand for passenger safety is driving the growth of the anti-collision sensor market worldwide. The rapidly developing automotive industry has led to the growth of fuel-efficient and safe vehicles. The anti-collision sensors play an important role in providing additional safety features to vehicles. It also helps reduce the mortality caused by vehicle incidents. Additionally, the growing demand for advanced and autonomous vehicles is accelerating the growth of the anti-collision sensor market.

On the other hand, the slow adoption of safety features in passenger and commercial vehicles is expected to hamper the growth of the anti-collision sensor market over the forecast period. The technological advancements in the aerospace and automotive sectors led to the high adoption of anti-collision sensors in various applications. Thus, this is anticipated to boost the demand for the anti-collision sensors market. Furthermore, the growing applications of unmanned aerial vehicles across several industry verticals are projected to create several growth opportunities in the anti-collision sensors market in the upcoming years.

Market Synopsis

Growing use of radar sensors as the well-established sensor technology to continue dominating the market.

In 2018, the global anti-collision sensors market by sensor technology was led by the radar sensors segment, which contributed to over 35% of the total revenue generated worldwide, followed by camera sensor technology. Additionally, based on the applications, the anti-collision sensor market is dominated by adaptive cruise control applications. It is expected to be the dominant application during the forecast period.

The trending technologies of autonomous cars and unmanned aerial vehicles (UAVs) led to the high adoption of radar and camera sensors in their systems, which contributed to the increasing demand for these anti-collision sensors across the globe. Furthermore, innovations and advancements in the automotive industries are expected to offer significant growth opportunities for the anti-collision sensors market.

Asia Pacific to Register the Fastest Growth

Asia-Pacific dominated the global anti-collision sensors market in 2018 by capturing the largest market share of around 45% of the total revenue generated worldwide. Increasing awareness of vehicle safety features and technological advancements in the automotive industry in this region is the primary factor attributed to this huge market share redness of vehicle safety features and technological advancements in the automotive industry in this region is the primary factor attributed to this huge market share.

Furthermore, the increasing spending capacity of the people in this region, increasing focus on road safety and rules, and development in automotive technologies are also driving the growth of the anti-collision sensor market in this region. Moreover, the expansion of global technology leaders in this region is also fueling the market growth. Additionally, a number of companies in the US and Europe are largely investing in the installation of advanced tools in the upcoming models of vehicles, which are likely to drive the anti-collision sensor market in these regions.

Some of the prominent players operating in the anti-collision sensors market include Continental AG, NXP Semiconductor, Robert Bosch GmbH, ZF Friedrichshafen, TRW Automotive, Denso Corporation, Texas Instruments, Aisin Seiki Co., Delphi Automotive, Autoliv AB.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The anti-collision sensors market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global anti-collision sensors market based on technology, application, end-user, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

• What was the market size of anti-collision sensors in 2018, and what is the forecast up to 2027?
• Which is the largest regional market for the radar sensor segment?
• What are the major trends followed in the anti-collision sensor market across different regions?
• Who are the key anti-collision sensor companies leading the market?
• What are the key strategies adopted by the leading anti-collision sensor companies in the market?

Unique data points of this report

• Statistics on electric vehicle penetration and spending worldwide
• Recent trends across different regions in terms of the adoption of anti-collision sensors for various vehicles
• Attractive investment propositions for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

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