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 segmented based on its technology, application, and end-use industry. Based on technology, the market is sub-segmented into radar, camera, ultrasound, and LiDAR. Based on the application, the market is categorized into adaptive cruise control (ACC), blind spot detection (BSD), forward collision warning system (FCWS), lane departure warning system (LDWS), parking assistance, and others. Further, based on the end-use industry, the market is sub-segmented into the automotive, rail, marine, aerospace & defense, and others. Among the application, the adaptive cruise control (ACC) sub-segment is anticipated to register significant growth during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Collision Avoidance Sensors Market by Technology
- Radar
- Camera
- Ultrasound
- LiDAR
Global Collision Avoidance Sensors Market by Application
- Adaptive Cruise Control (ACC)
- Blind Spot Detection (BSD)
- Forward Collision Warning System (FCWS)
- Lane Departure Warning System (LDWS)
- Parking Assistance
- Others
Global Collision Avoidance Sensors Market by End-Use Industry
- Automotive
- Rail
- Marine
- Aerospace & Defence
- Others
Regional Analysis
- 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
Company Profiles
- Robert Bosch GmbH
- DENSO Corp
- Aptiv Global Operations Ltd.
- Autoliv Inc.
- General Electric Co.
- Raytheon Technologies Corp.
- Honeywell International Inc.
- ALSTOM Holdings
- Siemens AG
- Mobileye Vision Technologies Ltd.
- L3Harris Technologies, Inc. (ACSS, LLC)
- SAAB AB
- Backer Mining System AG
- Hexagon AB
- Wabtec Corp.
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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