Anti-Collision Sensor Market Revenue, Opportunity, Segment, Key Trends and Leading Key Players: Delphi, ZF Group, YASKAWA Europe, Robert Bosch GmbH, DENSO
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Europe is expected to witness high growth in anti-collision sensor market among other regions owing to the growth of automobile industry. The region witnesses high demand of automobile products and consists of several major players of the industry such as Daimler AG, Volkswagen, BMW, Audi and Opel. These players are manufacturing luxurious cars which are integrated with several ADAS technologies, which is driving the anti-collision sensor market growth. Major countries of the region such as Germany and France are the technological providers of automobile industry and provides new innovations in their offerings.
Growth in sales of sports and luxury vehicles is predicted to drive the anti-collision sensor market growth. The incorporation of the sensors in these vehicles provides assistance at the time of accidents. The luxury vehicles are provided with several ADAS to provide the customers value for their purchase. Several luxury cars provided by the major players of automobile sector includes Audi A3, Genesis G80, Lexus ES 350 and Volvo S90 among others. These manufacturers are adopting technologies which will ensure safety of the driver and passengers, thereby driving the anti-collision sensor market growth.
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Camera based system is expected to grow substantially over the forecast timespan in anti-collision sensor market with the rise in adoption of these systems in automobiles. The camera provides the rear view of the vehicle and assistance to the driver in several functions such as pre-crash braking assistance, pre-crash warnings and autonomous braking. It becomes difficult to get the rear view in larger vehicles such as SUVs, which is growing the demand of these systems to be integrated in the cars. For instance, Jaguar F-PACE consists of rear camera that provides several features such as park assist, 360-degree parking aid and rear traffic monitor. Several advantages offered by camera-based systems include reduced risks at the time of multiple distractions, safer highway driving and night driving assistance. Rise in demand of these features among the customers is driving the anti-collision sensor market growth.
Integration of these components in forward collision warning system is providing an active safety feature that warns the driver in the event of frontal collision. The system alerts the driver about such situation by visual and audible signals. Government push towards reducing the road accidents is providing an opportunity for the players in anti-collision sensor market to offer their products to vehicle manufacturers. For instance, Ministry of Road Transport and Highways have taken several steps to prevent road accidents in India. Radio waves detection and ranging technology are experiencing high adoption in anti-collision sensor market. These waves are used to measure the distance of the vehicle from any object or hurdle.
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Key players operating in anti-collision sensor market is Delphi, ZF Group, Bosch, Continental Automotive Group, TRW Automation LLC, Wadeco Corp, YASKAWA Europe, Robert Bosch GmbH, DENSO.
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