New York, NY, July 22, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Anti-Collision Sensor Market By Application (Forward Collision Warning System, Adaptive Cruise Control, Blind Spot Monitor, Lane Departure Warning System, Parking Sensor, and Others), By Technology (Radar, Ultrasonic, Camera, LiDar, and Others), and By End-User (Aerospace and Defense, Automobile, Rail, Maritime, and Others): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2018–2025’’. According to the report, the global anti-collision sensor market was USD 6.21 billion in 2018 and is expected to reach USD 20.98 billion by 2025, at a rate of 19.18% between 2019 and 2025.
An anti-collision sensor is a safety system designed to avoid and reduce collision severities. It finds its use in many sectors like automobile, drones, defense, and others. These sensors use a lot of inputs like radar, laser, and camera to detect obstacles and approaching stop signals from a location database and send warnings to the driver. When the crash becomes threatening, these sensors take corrective actions automatically. The increasing events of road accidents and growing need for owning a car for daily commute are driving the anti-collision sensor market. Developed economies are now inclined toward automated systems and driverless cars, which makes it mandatory for the inclusion of anti-collision sensors. Moreover, stringent road safety norms and increasing concentration toward road safety are probable growth factors of the anti-collision sensor market globally. However, the anti-collision sensor market is not feasible for small- and medium-sized manufacturers due to the high sensors cost.
Browse through 54 Tables & 32 Figures spread over 126 Pages and in-depth TOC on “Global Anti-collision Sensor Market Size, Applications, Industry Share, Growth and Forecast, 2018–2025”.
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On the basis of application, adaptive cruise control is used significantly in the automobile sector. This system applies brakes automatically when it detects the car to be approaching another one. Adaptive cruise control is known by various other names and is implemented in a lot of cars manufactured by Jaguar, Nissan, Audi, Ford, Toyota, Mercedes Benz, Renault, Tesla, etc. The growing need for intelligent car systems is supporting the market for adaptive cruise control. By end user, the anti-collision sensor market holds a significant market share in the automobile sector. The number of vehicles in China alone accounts for approximately 235 million and 210 million in India. The growing consumer awareness leads to an increased demand for vehicles with anti-collision systems. In the defense sector, these systems have become highly crucial and form an integral part of the equipment, especially for aircrafts and fighter jets.
North America shows good growth potential in the anti-collision sensor market globally. In 2018, close to 52 companies acquired permits for testing autonomous vehicles in California. Driverless cars are likely to reduce accidents and save labor costs. In 2016, approximately 38,000 people died on the U.S. roads in motor vehicle crashes. Thus, the country strives at developing anti-collision systems and emphasizes on various driver assisting sensors. In 2017, the number of vehicles in the country was close to 272 million. Moreover, the developed economy status and higher purchasing power of citizens also boost the anti-collision sensor market growth.
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The European anti-collision sensor market shows promising growth potential. Automotive manufacturing is among Europe’s accounts for millions of Euros worth investments, jobs, and income. It exhibits a large portion of the continent’s exports. In April 2019, the European passenger car market recorded 1,303,787 new registrations. The EU’s largest members like Spain (+2.6%), Italy (+1.5%), and France (+0.4%) showed major gains as compared to April 2018. In April 2019, the EU market witnessed gains for the fourth consecutive month, due to the gains in both truck and van segments. In the first quarter of 2019, 215,497 vehicles were registered across the region, i.e., up by 7.8% as compared to last year.
The Asia Pacific anti-collision sensor market is expected to grow substantially, owing to the rapid use of cars in developing economies of India and China. India’s passenger vehicles market is estimated to be the third largest in the world by 2021. Rapid urbanization and government policies support the country’s growing car usage. Japan’s extensive network of automated rails throughout the country can be credited to its concept of a decentralized transportation system.
Browse the full “Anti-Collision Sensor Market By Application (Forward Collision Warning System, Adaptive Cruise Control, Blind Spot Monitor, Lane Departure Warning System, Parking Sensor, and Others), By Technology (Radar, Ultrasonic, Camera, LiDar, and Others), and By End-User (Aerospace and Defense, Automobile, Rail, Maritime, and Others): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/anti-collision-sensor-market
The Latin American economy is expected to grow by 2.6% by 2020. Forward collision warning systems are commonly used in Latin America. Brazil encounters thousands of accidents every year due to human errors. Thus, the adoption of collision avoidance systems is likely to grow. The Middle East and Africa also shows significant growth rate in the global anti-collision sensor market. Dubai is set to become the crane capital of the world and is using anti-collision systems for various applications. The low rate of fuel supports the huge demand for luxury cars.
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Some prominent players in the global anti-collision sensor market are Denso Corporation, Robert Bosch, Continental, Texas Instruments, ZF Friedrichshafen, TRW Automotive, NXP Semiconductor, Aisin Seiki, Delphi Automotive, and Autoliv AB.
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This report segments the global anti-collision sensor market into:
Global Anti-Collision Sensor Market: By Application
- Forward Collision Warning System
- Adaptive Cruise Control
- Blind Spot Monitor
- Lane Departure Warning System
- Parking Sensor
- Others
Global Anti-Collision Sensor Market: By Technology
- Radar
- Ultrasonic
- Camera
- LiDar
- Others
Global Anti-Collision Sensor Market: By End-User
- Aerospace and Defense
- Automobile
- Rail
- Maritime
- Others
Global Anti-Collision Sensor Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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