Collision Avoidance Sensors Market

Collision Avoidance Sensors Market Size, Share, Growth Analysis, By Technology(Radar, Camera), By Application(Adaptive Cruise Control (ACC), Blind Spot Detection (BSD)), By Regional(North America, The U.S.) - Industry Forecast 2024-2031

Report ID: UCMIG45J2147 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Collision Avoidance Sensors Market Insights

Market Overview:

In 2017, the global collision avoidance sensors market attained a significant value of USD 4.39 billion, marking a pivotal starting point for its trajectory. Projections indicate a compelling compound annual growth rate (CAGR) of 21.2% from 2018 to 2025, underlining the market's resilience and potential for expansion. The market's rapid advancement is intrinsically tied to the remarkable progress witnessed across camera, LiDAR, radar, and ultrasound technologies. These advancements have fueled the market's growth over recent years, positioning it as a key player in enhancing vehicular safety. Anticipated large-scale adoption of collision avoidance sensors by luxury automobile manufacturers underscores their integral role within a vehicle's active safety systems package, affirming their status as indispensable components in the ongoing evolution of automotive safety standards.

Collision Avoidance Sensors Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electronic Equipment & Instruments by segment aggregation, the contribution of the Electronic Equipment & Instruments in Technology Hardware & Equipment and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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The market for Collision Avoidance Sensors was estimated to be valued at US$ XX Mn in 2021.

The Collision Avoidance Sensors Market is estimated to grow at a CAGR of XX% by 2028.

The Collision Avoidance Sensors Market is segmented on the basis of Technology, Application, Regional.

Based on region, the Collision Avoidance Sensors Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Collision Avoidance Sensors Market are Robert Bosch GmbH, Delphi Automotive, Continental AG, NXP Semiconductors, Murata Manufacturing Co., Ltd..

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Collision Avoidance Sensors Market

Product ID: UCMIG45J2147