Collision Avoidance Sensor Market

Collision Avoidance Sensor Market Outlook (2022 to 2032)

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 USD 15.42 Billion in 2032, from USD 5.01 Billion in 2022.

The market’s growth is owed to the factors given following

• The rising accidents around the world, along with the advent of automated driving assistance systems, have fueled the demand for better sensory technology. Vendors have started introducing element-specific sensors for vehicles to deliver optimum accuracy.
• These sensors work on a concept of echo ranging involving a high-frequency light, radio frequency, or audio frequency sent by the ranger.
• New ADAS systems being implemented in vehicles for advanced security levels involve these sensors that detect any possible contact before it occurs. The intensity of the sensor can be customized accordingly.
• The laser technology, along with the 360 cameras, makes it easier for the driver to sense the contact and even see what has occurred in the sensory range. The most common scenario is when someone is reversing their car at any parking lot; the sensors help them avoid a collision.
• The new and advanced guiding transmission system that integrates with the collision avoidance sensor helps in switching the sensors on and off at times according to the need. This fuels the sales of collision avoidance sensor market growth.
• 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.

Attributes	Details
Collision Avoidance Sensor Market (CAGR)	11.9%
Collision Avoidance Sensor Market (2022)	USD 5.01 Billion
Collision Avoidance Sensor Market (2032)	USD 15.42 Billion

Types of Collision Avoidance Sensor in the Market

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

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.

Laser

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.

Regional Analysis

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.

Collision Avoidance Sensor Market's Expansion Propellers

Demand in the Marketplace

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.

Omnidirectional Vision Drones Show Promising Potential in Tracking People and Subjects

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 Mandate in the Automotive Market

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.

Impressive Ground-breaking Indicators in the Collision Avoidance Sensor Market

INDUSTRY	OUTLOOK
Sport Utility Vehicles are a Growing Market	Demand for sport utility vehicles will drive collision avoidance sensor market expansion. In this market, collision avoidance sensors are widely used. Many sports vehicles will become more popular in the coming years. Sensor demand in the sports sector has been low in recent years. There are fewer car sports activities as a result of the COVID outbreak. However, these activities are likely to be rampant in the coming years. The high sales of sports vehicles are likely to accelerate sensor adoption of collision avoidance sensor. These deployments in the collision avoidance sensors market are likely to open up lucrative collision avoidance sensor market growth opportunities.
Investment Opportunities in the Luxury Vehicle Market	The demand from the luxury vehicle market is likely to create collision avoidance sensor market opportunities. There are numerous investments in the luxury vehicle market. These high-end vehicles have cutting-edge technology. Rising safety standards in passenger vehicles also serve as a growth factor. Many passenger vehicles are now equipped with driver assistance systems, fueling rapid growth in the collision avoidance sensors market. In these vehicles, advanced driver assistance systems allow you to avoid collision sensors. Furthermore, investment from developing countries is higher. Europe is a major contributor to the collision avoidance sensor market. It is an automotive behemoth with enormous demand.
Myriad Perks for Marine Industry	Demand from various industries is a factor that propels overall growth. Industrial units, in particular, have a higher rate of adoption. Furthermore, the use of this sensor is expanding in the marine industry. This high-end sensor has numerous advantages for marines. Demand for collision avoidance sensors is likely to be high in the coming years. Some factors limit collision avoidance sensor market growth.

The Collision Avoidance Sensor Market's Roadblocks

Exorbitant Installation Charges

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.

Dearth of Cognizance

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.

Regional Analysis

What is the Growth Outlook for the Europe Collision Avoidance Sensor Market?

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.

Start-up Ecosystem

Prominent Startups Holding a Sway over the Collision Avoidance Sensor Market

• Acquisition:

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.

• Introduction:

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.

• Acquisition:

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.

Competitive Landscape

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.

Key Players

• 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

Recent Development:

• In 2018, Robert Bosch GmbH published a research report on how 'Advanced Rider Assistance Systems', which include adaptive cruise control (ACC), forward collision warning systems, blind-spot detection, and other sensors, can help prevent road accidents.
• Magna International Inc. introduced the EYERIS Gen 2.5 vision system in November 2014, with new features such as lane keeping assistance, glare-free high beam, and collision mitigation, as well as increased memory and processing power.

Report Scope

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.

KEY SEGMENTS

By Technology:

• Radar
• Camera
• Ultrasound
• Lidar
• Others

By Function Type:

• Adaptive
• Automated
• Monitoring
• Warning

By Application:

• Adaptive Cruise Control (ACC)
• Blind Spot Detection (BSD)
• Forward Collision Warning System (FCWS)
• Lane Departure Warning System (LDWS)
• Parking Assistance, Night Vision (NV)
• Autonomous Emergency Braking
• Others

By Industry Vertical:

• Automotive
• Rail
• Marine
• Aerospace & Defence
• Others

By Region:

• North America
• Latin America
• Asia Pacific
• Middle East and Africa
• Europe

Frequently Asked Questions

What is the Growth Outlook for the Collision Avoidance Sensor Market?

The collision avoidance sensor market is anticipated to register a CAGR of 11.9% during the forecast period.

What is the Share of the Collision Avoidance Sensor Market?

The collision avoidance sensor market share is anticipated to reach USD 12.32 Billion by 2030.

What is the Current Valuation of the Collision Avoidance Sensor Market?

The collision avoidance sensor market is valued at USD 5.01 Billion in 2022.