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High Range Obstacle Detection System Market 2027 by Types, Application, Technology, Opportunities, End Users and Regions

05-31-2022 05:23 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
The Insight Partners

The Insight Partners

The high range obstacle detection system market was valued at US$ 10,159.4 million in 2019 and is projected to reach US$ 18,760.5 million by 2027; it is expected to grow at a CAGR of 8.1% during 2020-2027.

High range obstacle detection systemsare integrated with various sensors to detect obstacles, followed by offering an alternative navigational path that is free from obstacles. The systems play an essential role in determining the potential hazards and alerting aircraft, marine, railways, and other high-speed vehicles for any long-distance obstruction to prevent collision damage. Besides, it also offers countermeasures, such as lowering speeds and alerting to the end users. These systems have a wide range of applications in industrial robots, autonomous vehicles, and drones. Sensors used for obstacle detection systems mainly include radar, laser scanner, sonar, and lidar. With the radar sensors, the distance information can be obtained by calculating the time interval between emission and receipt of lasersbeams. Several automakers worldwide are deploying these systems to improve the safety of their vehicle. Thus, the long range obstacle detection systemshave become a vital part of modern vehicles.

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High Range Obstacle Detection System Market -CompanyProfiled

SICK AG
BAE Systems plc
Blickfeld GmbH
Collins Aerospace,a Raytheon Technologies company
Honeywell International Inc
ifm electronic gmbh
LIVOX
Lumibird Canada
Robert Bosch GmbH
Thales Group

Impact of COVID-19 Pandemic on European High Range Obstacle Detection System Market

Presently, Russia, Spain, France, the UK, Italy, and Germany are among the worst-affected European countries by the COVID-19 outbreak. The region is a major manufacturing and industrial hub, including sectors such as automotive, transportation, aerospace, construction, and defense. However, due to COVID outbreak, a large number of businesses in the region are facing financial challenges as they either had to suspend their operations or reduce their business activities due to government-imposed restrictions, such as lockdowns and travel bans; lack of manpower. The region is anticipated to witness an economic slump in 2020, which is most likely to persist in 2021 as well.

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The high range obstacle detection system market players are mainly focusing on the development of advanced and efficient products.

In 2020, LIVOX introduced two high-performance, mass-produced LiDAR sensors named Horizon and Tele-15, which feature a groundbreaking scanning method that offers improved sensing performance at a cost lower than the traditional LiDAR units.
In 2019, with the Cube Range LiDAR sensor product category, Blickfeld GmbH introduced new MEMS-based LiDAR sensor for extended detection of objects at a distance of up to 250 m.

The global high range obstacle detection system market has been segmented as follows:

High Range Obstacle Detection System Market - by Type

Radar
Laser Scanner
Sonar
Lidar

High Range Obstacle Detection System Market - by Application

Automotive and Transportation
Aerospace
Industrial
Marine
Other Applications

High Range Obstacle Detection System Market -by Geography

North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Russia
Rest of Europe
Asia Pacific (APAC)
Australia
China
India
Japan
South Korea
Rest of APAC
Middle East and Africa (MEA)
South Africa
Saudi Arabia
UAE
Rest of MEA
South America (SAM)
Brazil
Argentina
Rest of SAM

Contact us:
Contact Person : Sameer Joshi
Phone : +1-646-491-9876
E-mail : sales@theinsightpartners.com

About us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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