Collision Avoidance Sensors Market Size, Share & Segmentation, By Technology (Radar, Camera, Ultrasound, LIDAR), By Application (Adaptive Cruise Control, Blind Spot Detection, Forward Collision Warning System, Lane Departure Warning System, Parking Assistance), By Region, and Global Forecast for 2023-2030

Collision Avoidance Sensors Market Size

To get more information on Collision Avoidance Sensors Market - Request Sample Report

The Collision Avoidance Sensors Market size was valued at USD 4.2 billion in 2022 and is expected to grow to USD 20.74 billion by 2030 and grow at a CAGR of 22.1% over the forecast period of 2023-2030.

The Sensors for Collision Avoidance Adaptive Cruise Control, Blind Spot Detection, Forward Collision Warning System, Lane Departure Warning System, and Smart Parking Assistance are among the market segments based on Application. The market's major contributor, parking assistance, is anticipated to grow at a CAGR of 11.56% over the forecast period. Vision-based and ultrasonic anti-collision sensors are utilized in cars with parking assistance systems. The driver is informed when the park assist finds a suitable parallel or perpendicular space. The technology calculates the best path to take to enter the space, the number of steering manoeuvres needed, and the best route if the driver presses the park assist button.

Radar, camera, ultrasound, and other technologies make up the technology-based segmentation of the collision avoidance sensors market. LIDAR The market's largest contributor, radar, is anticipated to expand at a CAGR of 12.1% during the forecast period. When accurate assessment of an object's location and distance is needed, radars are the most popular choice in detection systems. Despite having a smaller and narrower field of view than radar, vision and infrared cameras are more effective in identifying and classifying obstacles. Obstacles within a short distance can be detected using inexpensive ultrasonic instruments. They are mostly employed in parking support systems. LIDAR-based anti-collision sensors may produce detailed imagery and have a wide field of vision.

KEY DRIVERS: 

• Growing Use of Autonomous Vehicles

Collision avoidance systems are a vital part of autonomous vehicles' safety systems and are increasingly being developed and used. Collision avoidance systems will become even more crucial as autonomous driving technology develops in preserving the safety of both passengers and pedestrians. However, many businesses are making investments in driverless automobiles and other vehicles. An investment in the US firm Oculii in September 2021. It creates radar sensor software for Autonomous Vehicle and self-driving vehicles. With this investment, GM will be able to scale up its partially automated vehicles and completely autonomous / self-driving vehicles by using Oculli's low-cost software to increase the resolution of radars driving vehicles.

• Consumer demand for safety features is rising

RESTRAIN:

• Pristine Installation Fees

The collision avoidance sensor market is restricted by the high installation cost. There are premium sensors accessible on shopping mall, On the market, a variety of technologies and components are accessible. Costs associated with producing these vehicles are already significant. The cost of these vehicles as a whole will be impacted by the incorporation of collision sensors. As a result, some regions may see a decline in adoption rates. The market for collision-avoidance sensors could a rise in the use of inexpensive sensors.

• Aircraft assessment programs and regulations

OPPORTUNITY:

• Growing Interest in Connected Vehicles

Collision avoidance systems have prospects thanks to the rising use of linked vehicles and the Internet of Things (loT) in the automotive sector. To improve accident detection and prevention capabilities, connected automobiles can make use of real-time data from numerous sources, including other vehicles, traffic infrastructure, and cloud-based systems. For instance, the audio equipment manufacturer HARMAN has unveiled HARMAN Savari MECWAVE, an ultra-low-latency edge-based computation platform for crucial connection.

• Technological Progress

• Enhanced Cost-Efficacy

 CHALLENGES:

• The lack of cognizance

There is a knowledge gap in the market for collision avoidance sensors. This product is unknown in many regions of the world. Epically, there are more possibilities in the developed regions. They are the first to utilize this newest technology sensor.

• Consumers and OEMs are placing more emphasis on aircraft safety

IMPACT OF RUSSIAN UKRAINE WAR

The Syrian conflict has been a humanitarian crisis ever before Russia began intervening there in September, significant potential flashpoint in the deteriorating U.S.-Russian relationship. Senior U.S. defense officials have highlighted realistic ways to deconflict military actions between the two countries in order to reduce risk of unintentional escalation or confrontation. Israel and Turkey, two significant regional players, have developed analogous deconfliction techniques. Nevertheless, a number of tragic incidents have occurred on Syria's crowded battlefield accidents and close calls, such as the unintentional downing of a Russian II-20 military, the Syrian military used planes to gather intelligence, and audacious Russian private military contractors attacked an outpost guarded by American special operations forces troops.

Without a doubt, Russia's relatively modest military investment in Syria has paid off handsomely, and the Russian military has essentially controlled events. The Syrian civil war's course was changed by the Kremlin, which also succeeded in preserving the regime of President Bashar al-Assad. The operation significantly increased Moscow's leverage on the US and its regional allies and firmly reinstated it among the major participants in Middle Eastern power dynamics. With only a few hundred mercenaries, thirty to forty combat aircraft, twenty or so helicopters, and no more than 4,000 to 6,000 ground troops stationed inside Syria at any given time far less than the vastly superior military capabilities arrayed in other parts of the Middle East by the United States Russia's intervention was carried out on the cheap.

IMPACT OF ONGOING RECESSION

Advanced economies and emerging market and developing economies are in recession for the first time since the Great Depression. Growth in advanced economies is anticipated to be -6.1 percent this year. The projection for emerging market and developing economies in 2022 is for negative growth rates of -1.0 percent, and -2.2 percent if you remove China. These countries have normal growth rates that are significantly higher than those of mature nations. Over 170 countries are expected to have a decline in per capita income. both developed economies. In 2021, it's anticipated that emerging market and developing economies will partially recover.

MARKET SEGMENTATION

By Technology

• Radar

• Camera

• Ultrasound

• LIDAR

By Application

• Adaptive Cruise Control

• Blind Spot Detection

• Forward Collision Warning System

• Lane Departure Warning System

• Parking Assistance

Get Customized Report as per Your Business Requirement - Request For Customized Report

REGIONAL ANALYSIS

According to regional analysis, North America's market will account for the greatest revenue share in 2022. Rising new car evaluation programs and regulations as well as rising customer awareness of automobile safety are the main drivers boosting market revenue growth in this area. Additionally, growing operations for collision avoidance system safety testing and expanding R&D activities are significant drivers of this region's market revenue growth. For Example, Wabtec Corporation declared on December 10, 2021.

Over the course of the projection period, the Asia Pacific market is anticipated to grow its revenue at an extremely rapid rate. The need for collision avoidance systems is increasing in sectors like construction, mining, and logistics, which is one of the key factors fueling the expansion of the market in this area. Without interfering with their work, collision avoidance systems in mines use tracking sensors, tags, and vehicles to provide collision alerts, define safe zones, and give mining operators proximity awareness. Additionally, the regional market revenue growth is being fuelled by customers' and Original Equipment Manufacturers' (OEMs) increasing attention to vehicle safety. The existence of significant market participants and the important strategic actions they have made are also boosting market revenue in this area. For Example, Nissan announced the creation of a new driver-assistance system on April 25, 2022, which will considerably enhance accident prevention by using highly accurate, real-time information about the vehicle's surroundings. The technology can accurately and in real-time determine the size and distance of objects as well as the structure of the area around a vehicle.

The European market is anticipated to have reasonably fast revenue growth. The expansion of collision avoidance system uses across numerous industries, including automotive, aerospace, and marine, among others, is a key reason fuelling this region's market revenue growth. For Example, Kayhan Space and Morpheus Space established a strategic partnership on November 15, 2022, to offer satellite operators and missions a ground-breaking mobility-as-a-service collision avoidance solution. With built-in Kayhan Space PathfinderTM spaceflight safety features that deliver real-time conjunction alarms to users, the new pay-as-you-go model of Morpheus Space propulsion service offers on-demand in-space mobility.

REGIONAL COVERAGE:

North America

• US

• Canada

• Mexico

Europe

• Eastern Europe

  • Poland

  • Romania

  • Hungary

  • Turkey

  • Rest of Eastern Europe

• Western Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Netherlands

  • Switzerland

  • Austria

  • Rest of Western Europe

Asia Pacific

• China

• India

• Japan

• South Korea

• Vietnam

• Singapore

• Australia

• Rest of Asia Pacific

Middle East & Africa

• Middle East

  • UAE

  • Egypt

  • Saudi Arabia

  • Qatar

  • Rest of Middle East

• Africa

  • Nigeria

  • South Africa

  • Rest of Africa

Latin America

• Brazil

• Argentina

• Colombia

• Rest of Latin America

KEY PLAYERS

Some key players are Delphi Automotive LLP (Ireland), Continental AG (Germany), Robert Bosch GmbH (Germany), DENSO CORPORATION (Japan), Texas Instruments (US), Infineon Technologies AG (Germany), Murata Manufacturing Co. Ltd. (Japan), ALSTOM (France), NXP Semiconductors (Netherlands), Siemens AG (Germany), Rockwell Collins (US) and other players are listed in a final report.

Continental AG (Germany-Company Financial Analysis

RECENT DEVELOPMENT

• May 2021, ZF and Mobileye collaborated with the Japanese multinational carmaker Toyota Motor Corporation to develop create ADAS, or advanced driving assistance systems. The newly developed system is meant for Toyota vehicles.

• The March 2021 debut of the Safe Rail Hiail collision avoidance system by smart transportation solutions vendor LILEE Systems. By integrating the new technology with the SafeRide fleet safety solution, hi-rail vehicles are safeguarded on both the tracks and the roads.

• NASA and SpaceX agreed to share data and coordinate flight safety under a contract they signed in March 2021. The agreement focused on preventing launch collisions and conjunctions between NASA spacecraft and the extensive constellation of SpaceX Starlink satellites.