Anti-Collision Sensor Market Report 2018 by Industry Analysis, Region, Research, Share, Growth, Sales, Trends, Supply and Forecast to 2024

The report is a comprehensive presentation of trends, forecast and dollar values of the global anti-collision sensor market. According to the report global anti-collision sensor market is projected to grow at a CAGR of 16.9% over the forecast period of 2018-2024.

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Anti-collision sensors are used in automatic safety systems. These Anti-collision sensors are designed to avoid or reduce the severity of a collision by detecting an object in the path while moving. The anti-collision sensors are vastly used in the automotive, rail, and in the aerospace & defence industries to prevent the Collisions. The anti-collision sensors work on the basic radar or sonar principles. The anti-collision sensors system is one of the emerging technology nowadays that helps in the prevention of the collision between the vehicles. The anti-collision sensors use Radar Sensor, Ultrasonic Sensor, LiDar Sensor and camera sensors to detect the objects. As soon as the impending collision is detected, the safety systems provide a warning signal to the driver and help in preventing the crash.

Growing Demand of Safety Systems in the Passenger Vehicles Is the Key Factor Driving the Growth of the Anti-Collision Sensor Market

The anti-collision sensor provides safe and reliable technical solutions to the automobile that in turns reduces the collision. The anti-collision sensors are majorly used in the automotive sector that holds approximately 37% shares of the total market. In addition, the rising percentage of vehicular accidents are expected to boost the demand of the anti-collision sensor market. According to the association for safe international road travel, Nearly 1.3 million people die in road crashes each year, on average 3,287 deaths a day globally. Furthermore, the growing implantation of anti-collision sensors in the various transport system is anticipated to escalate the growth of the anti-collision market. The anti-collision sensors are becoming an important part of various transport vehicles such as rails to avoid any unwanted accidents. The factor such as ongoing research and development activities in the technology of the sensors is contributing to the growth of the anti-collision sensors market.

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North America Holds the Largest Market Share of Approximately 32% in the Anti-Collision Sensors Market

Among the geographies, North America holds the largest market share of approximately 32% in the Anti-collision Sensors market. The growing adoption and implementation of anti-collision sensors in the automated transportation system are driving the growth of anti-collision sensors in the North America region.  The presence of aviation, defence and automobile industries in the North America region is contributing to the growth of the anti-collision sensors market in this region. Furthermore, Asia Pacific is the fastest growing region in the anti-collision sensors market owing to the high demand of passenger cars and car safety systems.

Market Segmentation

The report on global anti-collision sensor market covers segments such as technology, application and end-use industry. On the basis of technology, the global anti-collision sensor market is categorized into the radar sensor, ultrasonic sensor, Lidar sensor and camera sensor. On the basis of application, the global anti-collision sensor market is categorized into adaptive cruise control, blind spot monitor, forward collision warning system, lane department warning system and parking sensor. On the basis of end-user industry, the global anti-collision sensor market is categorized into automotive, aerospace and defence, industrial, rail and others.

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