"Growing adoption of autonomous vehicles to drives the growth of anti-collision sensors market"
Globally, the anti-collision sensors market is expected to grow with 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 anti-collision sensors market worldwide. The rapidly developing automotive industry has led to the growth of fuel-efficient and safe vehicles. The anti-collision sensors play an import role to provide additional safety features to the vehicles. It also helps to reduce the mortality caused by vehicle incidences. Additionally, the growing demand for the advanced and autonomous vehicles are escalating the growth of the anti-collision sensors market.
On the other hand, the slow adoption of safety features in the passengers and the commercial vehicles are expected to hamper the growth of anti-collision sensors 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 sever several growth opportunities in anti-collision sensors market in upcoming years.
Market Synopsis
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"Growing use of radar sensors as the well-established sensors technology to continue dominating the market"
In 2018, the global anti-collision sensors market by sensors technology was led by the radar sensors segment contributing to over 35% of the total revenue generated worldwide followed by camera sensor technology. Additionally, based on the applications, the anti-collision sensors market is dominated by adaptive cruise control applications. It is expected to be the dominating application during the forecast period. The trending autonomous cars and the Unmanned Aerial Vehicles (UAVs) technologies led to the high adoption of radar and the camera sensors in their systems that attributed to the increasing demand of these anti-collision sensors across the globe. Furthermore, innovations and the advancements in the automotive industries are expected to offer significant growth Opportunities for the anti-collision sensors market.
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"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 of this region. Furthermore, increasing spending capacity of the people in this region, increasing focus on road safety and rules, and development in the automotive technologies are also driving the growth of anti-collision sensors market in this region. Moreover, expansion of global technology leaders in this region is also fueling the market growth. Additionally, number of companies in the US and European countries are largely investing in installation of advanced tools in the upcoming models of the vehicles which are likely to drive the anti-collision sensors market in these regions.
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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, and Autoliv AB.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments 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 global anti-collision sensors market based on technology, application, end-user, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Sensor Technology Segment (2017–2027; US$ Bn)
• Radar
• Camera
• LiDAR
• Ultrasonic
|
|
Application Segment (2017–2027; US$ Bn)
• Forward Collision Warning System
• Adaptive Cruise Control
• Blind Spot Monitor
• Lane Department Warning System,
• Parking Sensor
• other
|
|
End-Use Industry Segment (2017–2027; US$ Bn)
• Automotive
• Aerospace and Defense
• Rail
• Industrial
• Others
|
|
Geography Segment (2017–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of anti-collision sensor in 2018 and forecast up to 2027?
- Which is the largest regional market for radar sensor segment?
- What are the major trends followed in 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 market?
Unique data points of this report
- Statistics on electric vehicles penetration and spending worldwide
- Recent trends across different regions in terms of adoption of anti-collision sensors for various vehicles
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
