Anti-collision Sensor Market (Technology - Radar, Ultrasonic, LiDar, and Camera; Application - Adaptive Cruise Control, Blind Spot Monitor, Forward Collision Warning System, Lane Department Warning System, and Parking Sensor; End User - Automobile, Aerospace and Defense, Industry, Rail, and Maritime) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Global Anti-collision Sensor Market: Overview
The rising number of vehicles on the road is proportional to the number of occurrences of fatal road accidents. The surge in number of road accidents has led to the rise in awareness for road safety measures. Anti-collision technology is one such headway that is being widely researched and implemented in automobiles all over the world. Recently, North America’s New Car Assessment Program (the NCAP) was launched, which also encourages the research into and use of better and improve anti-collision sensors. It primarily enumerates the standards for protection against vehicle crashes or accidents.
Earlier, anti-collision sensors were utilized only in the luxury vehicle segments. However, the last few years have witnessed the burgeoning use of these sensors in standard vehicles as well. The installation of snit-collision sensors in both luxury and mid-range cars has augmented on a large basis, primarily on account of increased safety features. A number of other sectors such as defense and aerospace are expected to emerge in the coming years.
Global Anti-collision Sensor Market: Drivers and Restraints
Due to the growing popularity of driverless cars, US car manufacturers have been adopting this design to sustain in competitive automobile market as their European counterparts. The growth of the industry is fueled by the rising sales of Advanced Driver Assistance Systems (ADAS), such as adaptive cruise control systems, blind spot detection, forward collision warning systems, lane departure warning systems, and parking assistance, among others. Vehicles equipped with parking assistance make use of an array of ultrasound and vision-based anti-collision sensors. Adaptive cruise control systems are expected to account for a major share in the industry over the forecast period. Such systems employ long, short, and medium range radars to automatically adjust the vehicle’s speed.
The growing sales of sports, utility, and luxury vehicles are expected to drive the anti-collision sensors industry growth. Some major automakers have already initiated the integration of basic collision avoidance sensors into their mass-market models. For example, Toyota unveiled its technologies with pre-crash braking packages, auto-parking feature, auto-adjust headlamp, and vehicle communication systems and incorporated into its 2015 models.
Global Anti-collision Sensor Market: Regional Analysis
Geographically, Europe is the leading market player in the global anti-collision sensor market, on account of a large number of European countries such as Germany, Italy and Russia, who are adopting automated transportation system into metro rail, and other vehicles. Asia Pacific is predicted to hold a substantial market share as China and Japan are some of the important countries contributing to the growth market. Japan implemented autonomous decentralized transportation system, increasing the number of automated rail network in the country. China is just next to USA in terms of car population and adaptation to automation is the latest trend there. Hence, the Asia Pacific has substantial growth opportunities in the anti-collision sensor market.
Global Anti-collision Sensor Market: Vendor Landscape
A number of companies participating in the global anti-collision sensor market are now manufacturing and selling anti-collision sensors. They are anticipated to continue their dominance from a global perspective. Most of the key vendors have a lot of experience in this sector, which is expected to be advantageous for their growth.
Leading market players in the global anti-collision sensor market so far are Continental AG, ZF Friedrichshafen, Robert Bosch GmbH, Delphi Automotive and Denso Corporation.
Global Anti-collision Sensor Market: By Technology
Global Anti-collision Sensor Market: By Application
Global Anti-collision Sensor Market: By End Users
Global Anti-collision Sensor Market: By Geography
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