The Europe Collision Avoidance Sensor Market would witness market growth of 11% CAGR during the forecast period (2021-2027).
Collision avoidance systems are integrated with several technologies and sensors that are utilized are radar (all-weather and sometimes laser (LIDAR) and cameras (having image recognition) to identify an approaching crash. The collision avoidance sensors are likely to witness high demand due to the constant technological advancements by automobile manufacturers.
Moreover, collision sensors are generally located on the front and rear of the vehicle. Once an object is identified, the sensor sets off an audio or visual alarm or could activate the brakes of the vehicle. The most advanced improvements in collision avoidance are being attained by integrating information from various sensors and systems. As these systems are becoming more sophisticated and centralized, it is possible to realize the objectives of automakers for superior safety and hence, self-driving vehicles.
Europe emerged as the leader in the global collision avoidance sensor market and would maintain its position even during the forecasting period. Factors such as the increasing technological developments in sensors like miniaturization and the surging adoption of collision avoidance sensors in several military devices in well-established countries would offer lucrative growth opportunities for the players operating in the regional collision avoidance sensor market over the upcoming years.
According to the European NCAP, passenger vehicle makers have to provide an emergency autonomous braking system because of the safety rating standards of the agency. The growth of the regional market would witness bright prospects due to the presence of leading automotive players and automakers in the region. Therefore, these factors are expected to fuel the growth of the regional collision avoidance sensors market during the forecasting years.
The Germany market dominated the Europe Lidar Collision Avoidance Sensor Market by Country 2020, thereby, achieving a market value of $47.5 Million by 2027. The UK market is exhibiting a CAGR of 12.7% during (2021 - 2027). Additionally, The France market is poised to witness a CAGR of 14.4% during (2021 - 2027).
Based on Sensor Type, the market is segmented into Radar, Camera, Ultrasound, Lidar and Others. 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. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Collision Avoidance Sensor Market Size will Hit $8.8 Billion by 2027, at a CAGR of 11.9%
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 Country
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