Global Collision Avoidance Sensors Market Worth $8.72 Billion by 2029, Growing at 10.3% CAGR

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Collision Avoidance Sensors Market Outlook: What Size And CAGR Are Anticipated By 2025?
The market for collision avoidance sensors has seen significant expansion in recent years. The market value is set to increase from $5.34 billion in 2024 to $5.89 billion in 2025, representing a compound annual growth rate (CAGR) of 10.4%. Factors contributing to growth during the historic period include enhanced radar resolution for vehicles, heightened safety measures for vehicle occupants, growing demand for collision avoidance sensors, a heightened focus on enforcing stringent road safety rules, and a surge in the sales of sports utility vehicles.

What Is the Expected CAGR for the Collision Avoidance Sensors Market Growth Through 2029?
The market for collision avoidance sensors is projected to experience a swift expansion in the coming years. The industry is predicted to attain a value of $8.72 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.3%. The escalation in the forecast period is due to factors such as the increasing adoption of self-driving cars, the initiation of new vehicle assessment programs, development advancements in the domain, the inflating demand for collision avoidance sensors, and the growing consumer spending capability on luxury and autonomous vehicles. Dominant trends in the predicted period encompass technological evolution, progress in sensor technology, the adoption of cutting-edge technologies like LiDAR and radar, growth in automotive and transportation applications, along with the incorporation of Internet of Things (IoT) and connectivity.

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What Are the Primary Drivers Behind Collision Avoidance Sensors Market Growth?
The surge in demand for self-driving cars is projected to be a significant contributor to the expansion of the collision avoidance sensors market. Autonomous vehicles use advanced sensory technology, artificial intelligence, and computer systems to function without constant human supervision and control. The more prominent interest in these vehicles results from progress in sensor technology and artificial intelligence coupled with significant private and governmental investments to improve transport efficiency and safety. Collision avoidance sensors play a significant role in contemporary auto safety by offering real-time data about the vehicle's environment, helping drivers prevent collisions or lessen their severity. They allow self-driving cars to travel securely through complex terrains, decrease accidents and enhance road safety. For example, the National Association of Insurance Commissioners, a US non-profit organization, predicted in December 2022 that there would be an estimated 3.5 million autonomous vehicles on American roads by 2025 and 4.5 million by 2030. Hence, the growing quantity of autonomous vehicles is propelling the collision avoidance sensors market.

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What Are the Key Segments Driving Collision Avoidance Sensors Market Growth?
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

What Are the Technological Trends Impacting the Collision Avoidance Sensors Market?
Major corporations in the collision avoidance sensor market are targeting the development of groundbreaking technologies like 4D radar. This technology improves vehicle safety, enhances efficiency, and provides reliable functionality in difficult conditions such as areas without GNSS. The inclusion of 4D radar in collision avoidance technology greatly benefits safety by offering real-time cognizance and collision deterrence in demanding operational conditions. This is a notable progress, especially in the mining industry. For example, Hexagon, a digital reality solutions firm based in Sweden, debuted its newest collision avoidance system (CAS) in September 2024. It incorporated 4D radar technology for superior detection of vehicle-to-object and vehicle-to-vehicle, which is extremely beneficial in mining operations. Furthermore, this collision avoidance sensor includes an advanced insights platform for analyzing collision risk and enhancing operational safety, making it a holistic solution for collision avoidance in intricate environments.

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Who Are the Major Competitors in the Global Collision Avoidance Sensors Market?
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

Which Region Dominates the Collision Avoidance Sensors Market Share in 2025?
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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