Anti-collision Sensor Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2016 – 2024
Global Anti-collision Sensor Market: Overview
As a safety measure, anti-collision sensors have quickly become an essential component in the
automobiles, primarily utilizing radar and sometimes laser and camera to detect an imminent collisions.
As the automotive industry touches new peaks, especially in the emerging economies, the demand in
the global market for anti-collision sensor is anticipated to increase at a CAGR of 19.8% during the
forecast period of 2016 to 2024. In terms of revenue, the global anti-collision sensor market had a
valuation of US$4.36 bn in 2016, which is estimated to reach US$18.54 bn by 2024.
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This report on the global anti-collision sensor market aspires to serve as a credible business document
for the audiences such as original equipment manufacturers, OEM technology solution providers,
technology investors, and the suppliers and distributors of automotive components. The report
contains an in-depth analysis of all the factors that may influence the demand in the near future,
favorably or negatively, and profiles a number of key players in order to represent the nature of
competitive landscape and latest strategic developments.
Technology-wise, the global market for anti-collision sensor is segmented into LiDar, radar, ultrasonic,
and camera, whereas application-wise, the report bifurcates the market into adaptive cruise control,
lane department warning system, forward collision warning system, blind spot monitor, and parking
sensor. By end-user, the market has been categorized into automobile, maritime, rail, aerospace and
defense, and other industries. Geographically, the report studies the opportunities available for the
market players in the regions of North America, the Middle East and Africa, Asia Pacific, Europe, and
Latin America.
Global Anti-collision Sensor Market: Trends & Opportunities
The increasing number of vehicles across the world and incrementing percentage of vehicular
accidents are two of the primary drivers of the global anti-collision sensor market. Research and
development in this field has led to improved anti-collision technology, which is further augmenting the
demand. Moreover, in North America, the implementation of new car assessment program (NCAP)
has further fueled the demand. NCAP checks the safety standards of all new vehicles launched in a
given territory. The trends of autonomous transportation system, rising application of UAV’s in
scientific, agriculture, military, commercial, and recreation are some of the other factors propelling the
demand in the global anti-collision sensor market. Conversely, high cost associated with these sensors
is hindering the market from achieving its full potential, especially in the cost-effective regions of Asia
Pacific.