Emerging Trends to Drive Collision Avoidance Sensors Market Growth at 11.5% CAGR Through 2029

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Collision Avoidance Sensors Market Size Growth Forecast: What to Expect by 2025?
The market size of collision avoidance sensors has seen robust growth in recent years. It is projected that from $5.34 billion in 2024, it will increase to $5.97 billion in 2025, with a compound annual growth rate (CAGR) of 11.8%. The previous growth in this sector can be attributed to an increase in radar resolution in vehicles, enhanced safety for vehicle riders, heightened demand for collision avoidance sensors, stronger adherence to stringent road safety regulations, and a rise in sales of sports utility vehicles.

How Will the Collision Avoidance Sensors Market Size Evolve and Grow by 2029?
The market size for collision avoidance sensors is anticipated to experience a quick surge in the coming years, ballooning to $9.22 billion in 2029 with a compound annual growth rate (CAGR) of 11.5%. The predicted growth within this duration can be credited to factors such as the increased usage of self-driving vehicles, emerging car evaluation initiatives, continuous advancements in the sector, heightened demand for collision avoidance sensors and an upturn in consumer spending capacity for autonomous and luxury vehicles. The forecast period is also expected to witness key trends including technological evolution, forward strides in sensor technology, employment of advanced techniques like LiDAR and radar, broadening in automotive and transportation applications, and connectivity and Internet of Things (IoT).

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What Drivers Are Propelling the Growth of Collision Avoidance Sensors Market Forward?
The collision avoidance sensors market is projected to expand due to the escalating demand for self-driving cars. These autonomous vehicles use sophisticated sensor technologies, computer systems, and artificial intelligence, eliminating the need for continuous human supervision and control. The surging demand for such vehicles is a result of advancements in sensor technology and artificial intelligence, alongside substantial private and government investments to boost safety and efficiency in transportation. Collision avoidance sensors are a critical component in contemporary automotive safety, offering real-time data about the vehicle's environment and aiding drivers in either averting collisions altogether or lessening their impact. These sensors allow self-driving cars to traverse complex settings safely and confidently, thereby reducing traffic accidents and enhancing road safety. For example, the National Association of Insurance Commissioners, a US-based non-profit organization, estimated in December 2022 that by 2025, there will be 3.5 million autonomous vehicles on American roads, with this figure expected to rise to 4.5 million by 2030. Consequently, the growth in the number of autonomous vehicles fuels the expansion of the collision avoidance sensors market.

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Which Emerging Trends Are Transforming the Collision Avoidance Sensors Market in 2025?
Key corporations in the collision avoidance sensor market, like Hexagon from Sweden, are shifting their focus to the creation of novel technologies such as the 4D radar. These advancements aim to boost vehicle security, augment efficiency, and ensure steady functionality in rough areas such as places deprived of GNSS. 4D radar technology considerably escalates safety through real-time alertness and collision aversion in difficult operational circumstances. Thus, it represents a noteworthy progression in collision prevention technology in the mining sector. As an example, Hexagon introduced its latest CAS in September 2024, incorporating 4D radar tech for an improved vehicle-to-object detection ability. This technology proves particularly beneficial for mining procedures. The system also integrates a platform for advanced insights to facilitate collision risk assessment and enhance operational safety. Hence, it offers a complete fix for collision prevention in intricate settings.

What Are the Key Segments in the Collision Avoidance Sensors Market?
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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Who Are the Key Players Shaping the Collision Avoidance Sensors Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Collision Avoidance Sensors Market?
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.

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