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Unveiling the Global Landscape: The Business Research Company's In-Depth Report on Anti-Collision Sensor Market || Delphi Automotive, Denso Corporation, Robert Bosch GmbH
Anti-Collision Sensor Market
The Business Research Company's Anti-Collision Sensor Global Market Report 2023 identifies the increase in road accidents is the major driver for the anti-collision sensor market's growth in the forecast period. road accident is an accident involving at least one vehicle on a public road in which at least one person is wounded or killed. An anti-collision sensor system is a safety system that uses radar, lasers, cameras, GPS, and artificial intelligence to warn, alert, or assist drivers in avoiding impending crashes and reducing the likelihood of mishaps. Additionally, the rise in traffic congestion has boosted the rate of road accidents. For instance, in August 2022, according to the National Highway Traffic Safety Administration (NHTSA), a US-based agency for the Department of Transportation, the fatality rate for the first quarter of 2022 increased to 1.27 fatalities per 100 million vehicle miles traveled, up from 1.25 fatalities per 100 million vehicle miles in the first quarter of 2021.
The global anti-collision sensors market size is expected to grow from $10.42 billion in 2022 to $12.33 billion in 2023 at a compound annual growth rate (CAGR) of 18.41%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global anti-collision sensors market size is expected to reach $24.75 billion in 2027 at a CAGR of 19.02%.
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Major competitors in the anti-collision sensor market are Delphi Automotive, Denso Corporation, Robert Bosch GmbH, TRW Automotive, Continental AG, ZF Friedrichshafen, NXP Semiconductors N.V., Honeywell International Inc.
A key trend in the anti-collision sensor market includes technological advancements. Major companies operating in the Anti-Collision Sensor market are focused on innovative products to sustain their position. For instance, in October 2022, Westlake Vinnolit, a Germany-based company operating in polyvinyl chloride resins introduced GreenVin® PVC, a bio-attributed PVC based on renewable ethylene.
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The anti-collision sensor market is segmented -
• By Vehicle Type: Passenger Cars, Commercial Vehicles
• By Technology: Camera Sensor, Lidar Sensor, Radar Sensor, Ultrasonic Sensor
• By Application: Forward Collision Warning System, Blind Spot Monitor, Lane Department Warning System, Parking Sensor, Other Applications
• By End-User: Aerospace And Defense, Automotive, Industrial, Rail, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the anti-collision sensors market.
The Business Research Company's "Global Anti-Collision Sensor Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Anti-Collision Sensor Market Include:
1. Executive Summary
2. Anti-Collision Sensor Market Characteristics
3. Anti-Collision Sensor Market Trends And Strategies
4. Anti-Collision Sensor Market - Macro Economic Scenario
5. Anti-Collision Sensor Market Size And Growth
……………
27. Anti-Collision Sensor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Anti-Collision Sensor Market
29. Anti-Collision Sensor Market Future Outlook And Potential Analysis
30. Appendix
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