Collision avoidance sensors market is anticipated to grow at a considerable CAGR of 11.5% during the forecast period. The major factor driving the demand for collision avoidance sensors includes the rising integration of technological advancements in sensor along with the rise in the adoption of collision avoidance sensors in various military equipment’s and other end-use industries. For instance, in June 2021, SMS Equipment Inc. collaborated with Wabtec to supply and support the Wabtec Collision Awareness System (CAS) for Canadian mining companies. The company has infrastructure and support capabilities within all major mining areas across Canada to promote improving safety. The Wabtec CAS system uses multiple GPS constellations to provide equipment operators with visual situational awareness of all the traffic around them and warning alarms of potential interactions with other vehicles. In addition, Wabtec CAS also includes redundant receivers, antenna, and continuous self-tests to increase the system’s reliability.
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The global collision avoidance sensors market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, North America is expected to grow at a considerable CAGR over the forecast period. However, the Asia-Pacific region is anticipated to witness considerable growth in the collision avoidance sensors market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Collision Avoidance Sensors Market Report Segment
By Technology
- Radar
- Camera
- Ultrasound
- LiDAR
By Application
- Collision Avoidance Sensors by Application
- Adaptive Cruise Control (ACC)
- Blind Spot Detection (BSD)
- Forward Collision Warning System (FCWS)
- Lane Departure Warning System (LDWS)
- Parking Assistance
- Others
By End-Use Industry
- Automotive
- Rail
- Marine
- Aerospace & Defense
- Others
Global Collision Avoidance Sensors Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global collision avoidance sensors market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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