The collision avoidance sensor market is likely to register a CAGR of 11.9% during the forecast period and is anticipated to reach a collision avoidance sensor market share of US$ 15.42 Billion in 2032, from US$ 5.01 Billion in 2022.
The market’s growth is owed to the factors given following:
| Attributes | Details |
|---|---|
| Collision Avoidance Sensor Market (CAGR) | 11.9% |
| Collision Avoidance Sensor Market (2022) | US$ 5.01 Billion |
| Collision Avoidance Sensor Market (2032) | US$ 15.42 Billion |
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Different vehicles demand different types of sensors. This involves laser and GPS-based sensors that save any vehicle from colliding. FMI explains the latest developments in the collision avoidance sensor market that reflect higher sales of these sensors all around the world.
Millimeter Wavelength Radar: Senses objects within 200 meters millimeter wavelength, millimeter wavelength radar light speed and high energy enough to avoid most radio frequencies, and their interface provides support to the self-assistance driving cars.
Ultrasound sensors detect sound waves at 20 kHz and are the most common type while being ideal for low speeds and short ranges. Applied in backup reversing systems, the technology is commonly used in ships and airplanes. The Doppler effect and external noises make this a poor choice for high-speed road use.
The laser sensor detects the Infrared emitting LEDs or light-emitting diodes at approx 880 nm wavelength. Similar to ultrasound sensors, these are used for short-range detection of fewer than 10 feet. LED laser sensors are pocket friendly, but they do have a lack while being used in areas with high-temperature sources. These are mainly used in industrial applications, but some reverse auto sensors use them.
Europe is the market leader in terms of revenue and is making quick changes to revolutionize the automobile industry. With the rising number of accidents, governments in Europe have started taking serious actions such as ADAS systems, Sensory Systems, Advanced Airbags, etc.
On the other hand, newly developed automobile companies in Asia-Pacific countries like China and India have led to the higher application of collision avoidance sensors and other advanced safety solutions. India has reported over 472,606 accidents in the last five years, while 149,472 people died in these accidents, thriving with the adoption of collision avoidance sensors.
The increase in sales of sports utility vehicles (SUVs), high-end luxury vehicles, and utility vehicles is expected to drive the global collision avoidance sensor market size. Furthermore, advancements in the camera field boost the overall market growth. The cyclical nature of automotive sales and production, on the other hand, is a significant restraint on the collision avoidance sensor market.
On the contrary, an increase in automotive safety standards, as well as the installation of advanced driver assistance systems in passenger vehicles, is expected to create lucrative collision avoidance sensor market opportunities.
Principal Consultant
There is a high risk of colliding when transporting goods applications. There are some undefined paths in this process that can pose a serious threat. Due to these factors, the collision avoidance sensor market is in high demand from industrial sectors. Sensors are widely used in mass-production regions.
Drones are widely used in business. Many industrial units are increasing the use of drones. Another is the use of collision sensors. This product is in high demand among autonomous drones. These market demand drivers are likely to boost overall demand for collision avoidance sensors.
The automotive industry's demand is a key driver. Toyota, for example, is now utilizing advanced braking systems. This device is commonly found in many SUVs. These collision avoidance sensors are very useful. The number of accidents caused by vehicles equipped with this sensor is low.
As a result, the collision avoidance sensor market's installation activities are increasing. The support of automotive behemoths boosts demand for collision avoidance sensors. All of these factors contribute to a rapid collision avoidance sensor market expansion rate during the forecast period.
| INDUSTRY | OUTLOOK |
|---|---|
| Sport Utility Vehicles are a Growing Market |
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| Investment Opportunities in the Luxury Vehicle Market |
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| Myriad Perks for Marine Industry |
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The high cost of installation is a barrier to the market for collision avoidance sensor. High-end sensors are available on the market. There are numerous technologies and components available on the market.
These vehicles' manufacturing costs are already high. The addition of collision sensors will have an effect on the overall cost of these vehicles. As a result, adoption rates may fall in some areas. The collision avoidance sensor market may see an increase in the use of low-cost sensors.
In the collision avoidance sensor market, there is a lack of awareness. Many parts of the world are unaware of this product. Epically, the developed regions are experiencing more options. They are the first to use this next-generation sensor. However, demand for collision avoidance sensor from developing countries is low.
Europe is the market leader in the collision avoidance sensor market. In this market, there are automotive behemoths. Europe's automotive industry is booming. The presence of key players in Germany boosts collision avoidance sensor market investment.
Government regulations exist for safety reasons. To prevent accidents, these systems must follow strict guidelines. This sensor is also used to avoid an airborne collision. The railway, mining, and automotive sectors are all experiencing increased demand for collision avoidance sensors. In addition, Europe will have the highest expansion rates.
Prominent Startups Holding a Sway over the Collision Avoidance Sensor Market
Honda acquires Drivemode, a developer of driver-focused smartphone apps. Honda is creating new value in the areas of digital and connected mobility products. Drivemode became a wholly-owned subsidiary of Honda Research and Development as a result of the acquisition.
Netradyne introduced Driver•iHubX, the latest generation of its Driver•i® accessory, which allows customers to add up to four external cameras to their existing installation for a complete 360-degree view of the vehicle. Along with the new hardware, the company announced a slew of enhancements and new features to its vision-based safety platform.
Smart Eye Aktiebolag (publ) announced an agreement to acquire iMotions A/S, a provider of multimodal software for human behavior research, on October 26, 2021. Smart Eye has completed its acquisition of all of iMotions' shares.
To attract more customers, key collision avoidance sensor providers such as Robert Bosch GmbH, Infineon Technologies AG, and Magna International Inc. are concentrating on the development of cost-effective collision avoidance sensors. To develop and offer differentiated and cost-effective vehicle safety solutions, key market players are heavily investing in Research and Development projects and establishing production infrastructure.
With five leading industry players accounting for 25% of the market stake, startups are increasing their efforts to develop drones with multiple-direction obstacle avoidance sensors.
Continental AG has a strong market presence as a result of its strong Research and Development and manufacturing facilities. The company's primary focus is on product innovation and effective distribution via a large network of partners in multiple countries.
Recent Development:
| Report Attribute | Details |
|---|---|
| Growth rate | CAGR of 11.9% from 2022 to 2032 |
| The base year for estimation | 2021 |
| Historical data | 2016 to 2021 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments Covered | Product type, end-use, material type, region |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia, and New Zealand |
| Country scope | USA; Canada; Mexico; Germany;United Kingdom; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; United Arab Emirates; Iran; South Africa |
| Key companies profiled | Alstom SA, Autoliv Inc., Delphi Automotive PLC (Aptiv), Denso Corporation, General Electric Company, Honeywell International Inc., Robert Bosch GmbH, Collins Aerospace, Siemens AG, Wabtec Corporation |
| Customization scope | Free report customization (equivalent to up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The collision avoidance sensor market is anticipated to register a CAGR of 11.9% during the forecast period.
The collision avoidance sensor market share is anticipated to reach US$ 12.32 Billion by 2030.
The collision avoidance sensor market is valued at US$ 5.01 Billion in 2022.
1. Executive Summary | Collision Avoidance Sensor Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and Their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyers 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2022 to 2032 5.3.1. Camera 5.3.2. Radar 5.3.3. LiDAR 5.3.4. Ultrasound Sensors 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Product Type, 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Functionality 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Functionality, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Functionality, 2022 to 2032 6.3.1. Blind Spot Detection 6.3.2. Lane Departure Warning System 6.3.3. Adaptive Cruise Control 6.3.4. Parking Assistance 6.3.5. Others 6.4. Y-o-Y Growth Trend Analysis By Functionality, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Functionality, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2017 to 2021 7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 8.2.1. By Country 8.2.1.1. United States of America 8.2.1.2. Canada 8.2.2. By Product Type 8.2.3. By Functionality 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Product Type 8.3.3. By Functionality 8.4. Key Takeaways 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Product Type 9.2.3. By Functionality 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product Type 9.3.3. By Functionality 9.4. Key Takeaways 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. United Kingdom 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Product Type 10.2.3. By Functionality 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product Type 10.3.3. By Functionality 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Malaysia 11.2.1.5. Singapore 11.2.1.6. Australia 11.2.1.7. New Zealand 11.2.1.8. Rest of Asia Pacific 11.2.2. By Product Type 11.2.3. By Functionality 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product Type 11.3.3. By Functionality 11.4. Key Takeaways 12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of Middle East and Africa 12.2.2. By Product Type 12.2.3. By Functionality 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product Type 12.3.3. By Functionality 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. United States of America 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2021 13.1.2.1. By Product Type 13.1.2.2. By Functionality 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2021 13.2.2.1. By Product Type 13.2.2.2. By Functionality 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2021 13.3.2.1. By Product Type 13.3.2.2. By Functionality 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2021 13.4.2.1. By Product Type 13.4.2.2. By Functionality 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2021 13.5.2.1. By Product Type 13.5.2.2. By Functionality 13.6. United Kingdom 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2021 13.6.2.1. By Product Type 13.6.2.2. By Functionality 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2021 13.7.2.1. By Product Type 13.7.2.2. By Functionality 13.8. Spain 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2021 13.8.2.1. By Product Type 13.8.2.2. By Functionality 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2021 13.9.2.1. By Product Type 13.9.2.2. By Functionality 13.10. China 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2021 13.10.2.1. By Product Type 13.10.2.2. By Functionality 13.11. Japan 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2021 13.11.2.1. By Product Type 13.11.2.2. By Functionality 13.12. South Korea 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2021 13.12.2.1. By Product Type 13.12.2.2. By Functionality 13.13. Malaysia 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2021 13.13.2.1. By Product Type 13.13.2.2. By Functionality 13.14. Singapore 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2021 13.14.2.1. By Product Type 13.14.2.2. By Functionality 13.15. Australia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2021 13.15.2.1. By Product Type 13.15.2.2. By Functionality 13.16. New Zealand 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2021 13.16.2.1. By Product Type 13.16.2.2. By Functionality 13.17. GCC Countries 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2021 13.17.2.1. By Product Type 13.17.2.2. By Functionality 13.18. South Africa 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2021 13.18.2.1. By Product Type 13.18.2.2. By Functionality 13.19. Israel 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2021 13.19.2.1. By Product Type 13.19.2.2. By Functionality 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Product Type 14.3.3. By Functionality 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. Bosch Limited 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. DENSO CORPORATION 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. Aptiv 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. Autoliv Inc. 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Infineon Technologies AG 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Murata Manufacturing Co. Ltd. 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. Analog Devices Inc 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. Rockwell Collins 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. General Electric Company 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. Continental AG 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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Collision Avoidance Sensor Market
