Collision Avoidance Sensors Market Size was valued at USD 4 Billion in 2022. The Collision Avoidance Sensors Market industry is projected to grow from USD 4.8 Billion in 2023 to USD 23.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 22.00% during the forecast period (2023 - 2032). Increasing demand for utility cars, sports utility vehicles (SUVs), and high-end luxury automobiles, as well as drones with collision avoidance and obstacle sensors are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Due to technological improvements, growing safety concerns, and rising consumer spending power for luxury and autonomous vehicles, the sale of high-end and mid-range vehicles is increasing globally. Brake aids, front collision warning, lane departure warning, automatic emergency braking, pedestrian recognition, adaptive cruise control, blind-spot detection, automatic high beams, and backup cameras are among the advanced driver support technologies available in these cutting-edge vehicles. They also have anti-collision sensors that use several technologies like as radar, LiDAR, and ultrasound. Automatic emergency braking systems, lane-departure warning systems, electronic stability controls, and automatic brake systems are already needed in European Union automobiles. To differentiate their goods from competitors, manufacturers throughout the world are substantially spending in R&D activities and introducing cutting-edge features to tunctions like as monitoring, warning, steering, and braking.
Drones are commonly employed in business. Drone use is increasing in several industrial industries. Collision sensors are used in addition. This product, autonomous drones, is in high demand. These market demand variables will very certainly enhance total demand for collision avoidance sensors. A camera with a hemispherical field of view is presented. Two similar cameras can be mounted back-to-back without violating the single perspective restriction to make a truly omnidirectional sensor. We look into how such a sensor could affect computational vision.
In the automotive industry, there is an increasing demand for these sensors. These sensors are used in automobiles to identify obstructions and avoid crashes, which is an important safety component in the automotive industry. The market is being driven by the requirement for safety features in automobiles, as evidenced by the installation of collision avoidance sensors in vehicles.
For instance, many automakers are incorporating collision avoidance sensors into their vehicles in order to reduce the incidence of road accidents, which is a major worry for drivers. This is one of the primary drivers of the Collision Avoidance Sensors Market. Furthermore, the market is predicted to expand further as the automobile industry's demand for collision avoidance sensors rises.
Moreover, the demand for self-driving cars is growing. Collision avoidance sensors are used by autonomous vehicles to identify impediments and avoid crashes, and the growing demand for autonomous vehicles is driving the growth of the Collision Avoidance Sensors Market. As more firms engage in autonomous vehicle technologies, the need for collision avoidance sensors is likely to rise, propelling the Collision Avoidance Sensors Market forward. Furthermore, the market is being fueled by the growing usage of collision avoidance sensors in other industries such as aerospace and defence.
The Collision Avoidance Sensors Market segmentation, based on Technology includes Radar, Camera, Ultrasound, LiDAR. The radar segment is the market's largest contributor and is predicted to grow at a CAGR of 12.1% over the forecast period. Radars are the most commonly used detection system option when precise assessment of the location and distance of objects is required. Vision and infrared cameras are more useful in spotting and categorizing obstacles than radar, despite having a smaller and shorter field of view. Low-cost ultrasonic devices can identify obstacles in the short range. They are mostly used in parking assistance systems. Anti-collision sensors based on LiDAR may generate detailed imagery and have a large field of view.
Figure1: Collision Avoidance Sensors Market, by Technology, 2022&2032(USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Collision Avoidance Sensors Market segmentation, based on Application, includes Adaptive Cruise Control, Blind Spot Detection, Forward Collision Warning System, Lane Departure Warning System, and Parking Assistance. The parking assistance is the market's largest contributor and is predicted to develop at a CAGR of 11.56% over the forecast period. In vehicles equipped with parking assistance systems, vision-based and ultrasonic anti-collision sensors are used. When the park assist detects a suitable parallel or perpendicular space, it alerts the driver. If the driver clicks the park assist button, the system determines the optimal route to enter the spot, the number of steering manoeuvres required, and the best path.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Collision Avoidance Sensors Market area will dominate this market, due to tight government requirements linked to car safety and presence of manufacturing units in emerging economies in this region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2:Collision Avoidance Sensors Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Collision Avoidance Sensors Market accounts for the second-largest market share due to growth in the technological breakthroughs in sensor such as miniaturization. Further, the German Collision Avoidance Sensors Market held the largest market share, and the UK Collision Avoidance Sensors Market was the fastest growing market in the European region
The Asia-Pacific Collision Avoidance Sensors Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the increased emphasis on enforcing severe road safety laws. Moreover, China’s Collision Avoidance Sensors Market held the largest market share, and the IndianCollision Avoidance Sensors Market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Collision Avoidance Sensors Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Collision Avoidance Sensorsindustry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Collision Avoidance Sensors industry to benefit clients and increase the market sector. In recent years, the Collision Avoidance Sensors industry has offered some of the most significant advantages to medicine. Major players in the Collision Avoidance Sensors Market, including Infineon Technologies AG (Germany), Murata Manufacturing Co., Ltd. (Japan), ALSTOM (France), NXP Semiconductors (Netherlands), Siemens AG (Germany), Rockwell Collins (US) and others, are attempting to increase market demand by investing in research and development operations.
Infineon Technologies AG is the largest semiconductor manufacturer in Germany. The semiconductor activities were previously part of the old parent firm Siemens AG. Infineon employs around 50,280 people and is one of the top 10 semiconductor makers in the world. In 2021, the company's sales were €11.06 billion. Infineon sells semiconductors and systems to the automotive, industrial, and multimarket industries, as well as chip cards and security devices. Infineon has subsidiaries in Milpitas, California, and Singapore and Tokyo, Japan in the Asia-Pacific area. In November 2022, Infineon Technologies AG announced the addition of the new XENSIVTM TLE4971 sensor family to its existing sensor portfolio for automotive applications. The TLI4971 3.3 V devices are available in four pre-programmed current ranges: 25 A, 50 A, 75 A, and 120 A. They're housed in a TISON packaging with a built-in rail.
Murata Manufacturing Co., Ltd. is a Japanese electronic component manufacturer situated in Nagaokakyo, Kyoto. Murata Manufacturing was founded as a personal venture by Honorary Chairman Akira Murata in October 1944. Murata Manufacturing Co., Ltd. was formed in December 1950, with a paid-in capital of one million yen. Murata Manufacturing manufactures ceramic passive electronic components, particularly capacitors, and controls the bulk of the global market for ceramic filters, high-frequency parts, and sensors. In October 2022, Murata Manufacturing Co., Ltd.'s magnetic sensor lineup now includes the omnidirectional AM sensors MRMS591P and MRMS581P. These new gadgets can detect magnetic fields from any angle. These items are already being mass-produced.
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)
May 2021, Toyota Motor Corporation, a Japanese multinational automaker, signed a collaboration deal with ZF and Mobileye to develop advanced driver assistance systems (ADAS). The newly designed system is intended for usage in the Toyota Group's next multiple vehicle platforms.
August 2020, Continental AG produced 30 million radar sensors for collision avoidance systems to aid in global efforts to make driving safer.
Radar
Camera
Ultrasound
LiDAR
Adaptive Cruise Control
Blind Spot Detection
Forward Collision Warning System
Lane Departure Warning System
Parking Assistance
North America
Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 4 Billion |
| Market Size 2023 | USD 4.8 Billion |
| Market Size 2032 | USD 23.9 Billion |
| Compound Annual Growth Rate (CAGR) | 22.00% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Technology, Application, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | 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) |
| Key Market Opportunities | The need for sport utility vehicles will drive market expansion. |
| Key Market Dynamics | The collision avoidance sensors market is experiencing high demand from industrial sectors. |
Collision Avoidance Sensors Market Highlights:
Frequently Asked Questions (FAQ) :
The Collision Avoidance Sensors Market size was valued at USD 4Billion in 2022.
The global market is projected to grow at a CAGR of 22.00% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Infineon Technologies AG (Germany), Murata Manufacturing Co., Ltd. (Japan), ALSTOM (France), NXP Semiconductors (Netherlands), Siemens AG (Germany), Rockwell Collins (US).
The RADAR category dominated the market in 2022.
The Parking assistance had the largest share in the global market.
Research Analyst Level II With a technical background in information technology & semiconductors, shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the ict/semiconductor domain. shubham holds a bachelor’s in information and technology and a master of business administration (mba). shubham has executed over 150 research projects for our clients under the brand name market research future in the last 2 years. his core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. he is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. he has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. he has worked on the projects of top tech brands such as ibm, google, microsoft, aws, meta, oracle, cisco systems, samsung, accenture, vmware, schneider electric, dell, hp, ericsson, and so many others. he has worked on metaverse, web 3.0, zero-trust security, cyber-security, blockchain, quantum computing, robotics, 5g technology, high-performance computing, data centers, ai, automation, it equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.
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