Global Collision Avoidance Sensors Market to reach USD 18.66 billion by 2025.
Global Collision Avoidance Sensors Market valued approximately USD 3.13 billion in 2016 is forecasted to grow with a healthy growth rate of more than 21.94% over the forecast period 2018-2025. The major factors anticipated augmenting the market are 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.
The regional analysis of Global Collision Avoidance Sensors Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe are the significant region across the world in terms of market share. Whereas, this region is also expected to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
> Forward Collision Warning System (FCWS)
> Parking Assistance
> Lane Departure Warning System (LDWS)
> Blind Spot Detection (BDS)
> Adaptive Cruise Control
> Others
By Technology:
> LiDAR
> Ultrasound
> Camera
> Radar
By Regions:
> North America
o U.S.
o Canada
> Europe
o UK
o Germany
> Asia Pacific
o China
o India
o Japan
> Latin America
o Brazil
o Mexico
> Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2015, 2016
Base year - 2017
Forecast period - 2018 to 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.
Target Audience of the Collision Avoidance Sensors Market Study:
> Key Consulting Companies & Advisors
> Large, medium-sized, and small enterprises
> Venture capitalists
> Value-Added Resellers (VARs)
> Third-party knowledge providers
> Investment bankers
> Investors
