Published Date: 13-Oct-2021
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According to a new report Global Collision Avoidance Sensor Market, published by KBV research, 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.
The ultrasound segment would showcase the fastest growth rate during the forecast period. In addition, ultrasound systems are affordable and have the capacity to detect the short-distance obstacle. They are particularly deployed in vehicle parking assistance solutions. LiDAR-based anti-collision sensors offer a broad field view and can create comprehensive imagery. On the other hand, LiDAR sensors are extremely costly and consume more vehicle space for deployment. The camera segment would display a promising growth rate due to the essential government guidelines about the integration of camera-based collision avoidance sensors into vehicles.
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 Forward Collision Warning System (FCWS) market is estimated to grow at a CAGR of 10.9% during the forecast period. Additionally, The Blind Spot Detection (BSD) market is expected to witness a CAGR of 12.5% during (2021 - 2027).
The Europe market dominated the Global Collision Avoidance Sensor Market by Region 2020, growing at a CAGR of 11 % during the forecast period. The Asia Pacific market is experiencing a CAGR of 12.6% during (2021 - 2027). Additionally, The North America market is poised to grow at a CAGR of 11.2% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
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