The Global Collision Avoidance Sensor Market size is expected to reach $8.8 billion by 2027, rising at a market growth of 11.9% CAGR during the forecast period. A collision avoidance sensor refers to a device that is capable of responding in two different ways. The first is to notify a driver about the approaching danger through light, sound, or both, and the second is to notify vehicles with back & front cameras and offering a visual warning of obstructions. The growth of the global collision avoidance sensors would witness bright prospects due to the surge in the focus of consumers and OEMs on safety features of vehicles, government norms, the impact of the New Car Assessment Programs (NCAPs), and motivation from the insurance organization by declining the premium for vehicles integrated with collision avoidance sensors.
Some of the major catalysts for the growth of the collision avoidance sensor market are increasing sales of sports utility vehicles (SUVs), and exclusive luxury vehicles. Additionally, the growth of the global market is also fueled by the constant development in the domains of the camera. Conversely, the cyclic nature of automotive sales and production is expected to slow down the growth of the global collision avoidance market in the upcoming years. However, the global collision avoidance sensor market would witness new avenues for growth due to the increasing automotive safety guidelines and installation of advanced driver assistance systems in passenger cars.
The electronics and semiconductor sector has been adversely impacted by the outbreak of the COVID-19 pandemic. Operations of enterprises and manufacturing facilities around several countries were remained shut down due to the rise in the cases of COVID-19 and are anticipated to remain shut down even in 2021. Moreover, the global supply chain has been disrupted significantly due to the partial or complete lockdown, hence becoming a barrier for makers to reach the customers. The COVID-19 pandemic has impacted the lives of the billions and the overall economy around the world. The current pandemic is developing instability in the stock market and is leading to declined business confidence, significant slowdown of supply chains, and growing panic among the customer segments.
Asian and European nations have witnessed stringent lockdown guidelines, thereby experienced a massive loss of revenue and business because of the closure of manufacturing facilities. The global outbreak of the COVID-19 pandemic has negatively impacted the activities of the manufacturing and production industries, which further had an impact on the global collision avoidance sensor market. Additionally, the outbreak of the COVID-19 pandemic has created a severe impact on the electronics sector, as the manufacturing units remained closed, thereby fueled the demand for electronics and semiconductor products in the industries. Its significant impact involves a huge manufacturing disruption across Europe and disruption in Chinese parts exports, which could create obstacles for the growth of the global collision avoidance sensor market in the upcoming years.
Factors like an increased focus on R&D activities by markets players and higher consumer awareness are playing crucial roles in boosting the growth of the collision avoidance sensor market. The deployment of collision avoidance sensors enables vehicles to carry out autonomous and semi-autonomous decision-making. Anti-collision systems allow automotive OEMs to incorporate additional intelligence to achieve the objective of manufacturing an autonomous vehicle.
There has been a substantial advancement in automated driving systems (ADS) in the last couple of years. Some of the cars sold in present times have become flexible to automated operations. Additionally, prototype cars that can do autonomous driving are being experimented on public roads of Japan, Europe, and the US. Some of the major features of an automated system are higher safety, declined congestions, and a low amount of stress for car occupants.
There are many benefits of collision avoidance sensors including radar, ultrasonic, LiDAR, and other anti-crash and block hole detection systems. However, the performance of these sensors can decline by various aspects which can affect the sensing power of these devices. Various sensors which are central to the activity of advanced safety systems can be blocked and closed due to ice, snow, or salt grimes/dirt collects on cars. This could a significant barrier to the growth of the global collision avoidance sensor market in the forthcoming years.
Based on Sensor Type, the market is segmented into Radar, Camera, Ultrasound, Lidar and Others. The Radar segment obtained the maximum revenue share in the collision avoidance sensor market in 2020 and the segment is likely to show a similar kind of trend even during the forecast period. Radars are considered as the highly favored option regarding detection systems that need a precise measurement of location and distance of barriers.
Based on Application, the market is segmented into Adaptive Cruise Control (ACC), Forward Collision Warning System (FCWS), Blind Spot Detection (BSD), Lane Departure Warning System (LDWS), Parking Assistance, Autonomous Emergency Braking and Others. The Forward Collision Warning System (FCWS) segment would collect the prominent revenue share during the forecast period as these systems are extremely beneficial in substantially reducing the rear-end collisions or accidents.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 4 Billion |
| Market size forecast in 2027 | USD 8.8 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 11.9% from 2021 to 2027 |
| Number of Pages | 260 |
| Number of Tables | 324 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Sensor Type, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Asia-Pacific would display the fasted growth rate during the forecast period. Factor such as the surge in the strict guidelines about the installation of regional collision avoidance sensors is responsible for the growth of the regional market.
Free Valuable Insights: Global Collision Avoidance Sensor Market size to reach USD 8.8 Billion by 2027
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Honeywell International, Inc. and Texas Instruments, Inc. are the forerunners in the Collision Avoidance Sensor Market. Companies such as Infineon Technologies AG, Panasonic Corporation, Robert Bosch GmbH, Denso Corporation are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, NXP Semiconductors N.V., Infineon Technologies AG, Panasonic Corporation, Robert Bosch GmbH, Denso Corporation, Honeywell International, Inc., Texas Instruments, Inc., Sensata Technologies Holdings PLC, and Murata Manufacturing Co., Ltd.
By Sensor Type
By Application
By Geography
The global collision avoidance sensor market size is expected to reach $8.8 billion by 2027.
High demand for anti-collision systems are driving the market in coming years, however, poor weather conditions have limited the growth of the market.
Continental AG, NXP Semiconductors N.V., Infineon Technologies AG, Panasonic Corporation, Robert Bosch GmbH, Denso Corporation, Honeywell International, Inc., Texas Instruments, Inc., Sensata Technologies Holdings PLC, and Murata Manufacturing Co., Ltd.
The expected CAGR of the collision avoidance sensor market is 11.9% from 2021 to 2027.
The Adaptive Cruise Control (ACC) market dominated the Global Collision Avoidance Sensor Market by Application 2020, growing at a CAGR of 10.1 % during the forecast period.
The Europe market dominated the Global Collision Avoidance Sensor Market by Region 2020, growing at a CAGR of 11 % during the forecast period.
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