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Autonomous Vehicles Driving Growth In Collision Avoidance Sensors Market: A Key Driver Powering Collision Avoidance Sensors Market Growth In 2025
Collision Avoidance Sensors Market
What Is the Current Collision Avoidance Sensors Market Size and Its Estimated Growth Rate?
The collision avoidance sensors market has grown rapidly in recent years. It will grow from $5.34 billion in 2024 to $5.97 billion in 2025, at a CAGR of 11.8%. Growth drivers include enhanced radar resolution in vehicles, increased safety for vehicle occupants, rising demand for collision avoidance sensors, stricter road safety regulations, and growing sales of sports utility vehicles.
The collision avoidance sensors market is expected to grow to $9.22 billion by 2029 at a CAGR of 11.5%. This growth is driven by the use of autonomous vehicles, rising consumer purchasing power, and the development of sensor technologies. Key trends include advancements in sensor tech, LiDAR and radar, and IoT integration.
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How Are Emerging Segments Shaping the Collision Avoidance Sensors Market Landscape?
The collision avoidance sensors market covered in this report is segmented -
1) By Technology: Radar, Camera, Ultrasound, LIDAR
2) By Applications: Lane Departure Warning System, Blind Spot Detection, Adaptive Cruise Control, Parking Assistance, Forward Collision Warning System, Autonomous Emergency Braking, Other Applications
3) By End Users: Aerospace And Defense, Automotive, Marine, Other End Users
Subsegments:
1) By Radar: Short-Range Radar, Long-Range Radar, Millimeter-Wave Radar
2) By Camera: Monocular Cameras, Stereo Cameras, Surround-View Cameras
3) By Ultrasound: Proximity Sensors, Parking Sensors, Blind-Spot Detection Sensors
4) By LIDAR: 2D LIDAR, 3D LIDAR, Solid-State LIDAR
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Which Growth Factors Are Influencing Collision Avoidance Sensors Market Expansion?
The rising demand for autonomous vehicles is expected to propel the growth of the collision avoidance sensors market. Autonomous vehicles, which use AI and advanced sensors to drive themselves, are becoming more popular due to technological advancements and significant investments in safety and efficiency. Collision avoidance sensors are essential for these vehicles to navigate safely and prevent accidents. The National Association of Insurance Commissioners reported that millions of autonomous vehicles are expected on US roads by 2030, driving the need for more collision avoidance sensors.
Who Are the Dominant Players Across Different Collision Avoidance Sensors Market Segments?
Major companies operating in the collision avoidance sensors market are Siemens AG, General Electric, Continental AG, Luminar Technologies Inc., NTT Data Corporation, Aptiv PLC, Alstom SA, Collins Aerospace, Texas Instruments Incorporated, St Microelectronics NV, NXP Semiconductors N.V., Autoliv Inc., Wabtec, Hexagon AB, Saab AB, Sensata Technologies Inc., Donaldson Company Inc., SZ DJI Technology Co. Ltd., Magna International Inc., Ouster Inc., Aceinna Inc., Robert Bosch GmbH
What Collision Avoidance Sensors Market Trends Are Gaining Traction Across Different Segments?
Companies in the collision avoidance sensor market are advancing technologies such as 4D radar to improve vehicle safety and operational efficiency in challenging environments. For instance, in September 2024, Hexagon, a Sweden-based digital solutions company, launched its 4D radar-integrated collision avoidance system for mining operations. This system enhances vehicle-to-object detection and vehicle-to-vehicle alerts, significantly improving safety in complex environments.
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Which Geographic Regions Are Expected to Dominate the Collision Avoidance Sensors Market in the Coming Years?
North America was the largest region in the collision avoidance sensor Market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the collision avoidance sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Collision Avoidance Sensors Market?
2. What is the CAGR expected in the Collision Avoidance Sensors Market?
3. What Are the Key Innovations Transforming the Collision Avoidance Sensors Industry?
4. Which Region Is Leading the Collision Avoidance Sensors Market?
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