Press release
Collision Avoidance Sensors Market Size 2024: Global Share, Industry And Report Analysis By 2031 | PodcastOne Podcorn Media, Inc. Sirius XM Radio Inc.
Collision avoidance sensors market is anticipated to grow at a considerable CAGR of 11.5% during the forecast period. The major factor driving the demand for collision avoidance sensors includes the rising integration of technological advancements in sensor along with the rise in the adoption of collision avoidance sensors in various military equipment's and other end-use industries. For instance, in June 2021, SMS Equipment Inc. collaborated with Wabtec to supply and support the Wabtec Collision Awareness System (CAS) for Canadian mining companies. The company has infrastructure and support capabilities within all major mining areas across Canada to promote improving safety. The Wabtec CAS system uses multiple GPS constellations to provide equipment operators with visual situational awareness of all the traffic around them and warning alarms of potential interactions with other vehicles. In addition, Wabtec CAS also includes redundant receivers, antenna, and continuous self-tests to increase the system's reliability.Get Free Sample link @ https://www.omrglobal.com/request-sample/collision-avoidance-sensors-market
Among these regions, the European region is anticipated to account for the prominent growth in market share over the forecast period. The growth is primarily driven by factors including the well-established automotive industry along with the rising launch of new and innovative solutions by market players. For instance, in July 2022, the Munich-based high-tech startup Toposens launched its first commercial Toposens 3D Collision Avoidance System for mobile robots based on the proprietary toposens 3D ultrasonic echolocation technology for the unmet demand for higher safety of mobile robots in industrial settings.
full report of Collision Avoidance Sensors Market available @ https://www.omrglobal.com/industry-reports/collision-avoidance-sensors-market
• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others
Global Collision Avoidance Sensors Market Report Segment
By Technology
• Radar
• Camera
• Ultrasound
• LiDAR
By Application
• Collision Avoidance Sensors by Application
• Adaptive Cruise Control (ACC)
• Blind Spot Detection (BSD)
• Forward Collision Warning System (FCWS)
• Lane Departure Warning System (LDWS)
• Parking Assistance
• Others
By End-Use Industry
• Automotive
• Rail
• Marine
• Aerospace & Defense
• Others
Global Collision Avoidance Sensors Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
The Report Covers
• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global collision avoidance sensors market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/collision-avoidance-sensors-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
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