Global Collision Avoidance Sensors Market is valued USD 3.13 billion in 2016 is anticipated to grow USD 18.66 billion with the compounded annual growth of 21.94 % over the forecast period 2018-2025.
New York 24 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Collision Avoidance Sensors market industry is poised to raise USD 18.66 billion by 2025. The major factors expected to augment the market high focus on R&D by automobile manufacturers, rise in sales of utility vehicles, sports utility vehicles (SUVs), and high-end luxury vehicles, rising no. of developments in the fields of camera, ultrasound technologies, LiDAR, & radar, improved consumer awareness, and updated safety ratings by regulatory bodies. Collision avoidance sensors use various types of proximity sensors to detect the presence of an object or obstruction. These are a part of the collision avoidance system which is an automobile safety system designed to prevent or reduce the severity of a collision.
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Global Collision Avoidance Sensors Market Size Study, By Application (FCWS, Parking Assistance, LDWS, BDS and Adaptive Cruise Control), By Technology (LiDAR, Ultrasound, Camera, and Radar,), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Infineon Technologies AG, Delphi Automotive, Panasonic Corporation, NXP Semiconductors, Continental AG, Murata Manufacturing Co., Ltd., Texas Instruments, Inc., Robert Bosch GmbH, Takata Corporation, Sensata Technologies, Inc., and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The European region accounted for the leading market share, more than XX % of the total market in 2016.
- The European region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Forward Collision Warning System (FCWS)
- Parking Assistance
- Lane Departure Warning System (LDWS)
- Blind Spot Detection (BDS)
- Adaptive Cruise Control
- North America
- Asia Pacific
- Latin America
- Rest of the World