Collision Avoidance Sensor Market Size, Share, Industry Analysis, Future Growth, Segmentation, Competitive Landscape, Trends and Forecast 2026
A collision avoidance system is an
automobile safety system which is designed to reduce the risk of accident by
alert the driver of an automobile by using different technologies. As there have
been so many technology advancement taking place in automobile in spite of it,
number of accident are rising up.
This is especially true for intersection accidents, the ratio of
intersection accidents is largest among total number globally. As a result it
is recommended that intersection collision system must be implemented in
automobiles as a part of vehicle safety system.
A collision avoidance system consists of a processor, controller
which are responsible to get task performed and control each component such as
different sensors, indicators. Sensors are used to detect or sense the
obstacles or other automobiles which come in front of the sensor and hence it
sends the message to the controller and controller take further action as per
different system.
These sensors are also of different types it can be sound sensor
which works on ultrasonic frequency, light sensors like LASER, cameras & so
many. The output would be sent to the LCD screen installed in front of the
driver and also the buzzer starts producing sounds to make alert the driver
depends on the system.
The global collision avoidance sensor market has witnessed high
growth over the past some years and with advancement in camera, RADAR, LiDAR
& ultrasound technology it is expected to experience same growth during
forecast period as well.
Collision Avoidance Sensor Market: Market Dynamics
The key trend of global collision avoidance sensors market is
the growing demand of automotive safety system by the users and hence the
different automobile safety system manufacturers are focusing on developing
innovation in technology and investing in R&D in order to remain
competitive in the market.
The key growth drivers of global collision avoidance sensor
market are increasing customer awareness towards automotive safety systems
along with the increasing interest of consumers to avail inbuilt collision
avoidance system even in the entry level automotive vehicles are playing a key
role as a growth driver for global automotive collision avoidance sensor
market.
On the other hand the functional limitation of collision
avoidance sensors which are not sufficient to sense all types of accidents
hence further advancement is necessary in that is presently hindering the
growth of global collision avoidance sensor market are acting as the key
restraint for this market.
Collision
Avoidance Sensor Market: Segmentation
Segmentation of Collision avoidance sensor market is done on the
basis of product type, functionality & Geography. On the basis of product
type the global collision avoidance market is segmented as camera, Radar, LiDAR
& ultrasound sensors.
On the basis of functionality, the global collision avoidance
sensor market is segmented as blind spot detection (BSD), lane departure
warning System (LDWS), adaptive cruise control (ACC), parking assistance &
others.
Geographically, global collision avoidance sensor market is
segmented into seven regions ; North America, Latin America, Western Europe,
Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and
Africa (MEA).
Among all the regions North America & Western Europe are the
highest contributor in terms of revenue in global collision avoidance sensor
market because government’s rules and regulations according to which automobile
safety systems have been mandated in the motor vehicle.
Collision
Avoidance Sensor Market: Key Players
The key players of global collision avoidance sensor market are
Bosch Limited, DENSO CORPORATION, Delphi Automotive LLP, Autoliv Inc., Infineon
Technologies AG, Murata Manufacturing Co. Ltd. Analog Devices Inc. &
others.
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