Anti-Collision Sensor Market Expected to Achieve 19.4% CAGR by 2029: Growth Forecast Insights

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How Large Will the Anti-Collision Sensor Market Size By 2025?
The market size of anti-collision sensors has experienced significant expansion in the past few years. It is projected to escalate from $14.55 billion in 2024 to $16.97 billion in 2025 with a compound annual growth rate (CAGR) of 16.6%. The historic period growth is ascribed to factors such as strict safety norms, an increase in road traffic mishaps, expansion of the automotive industry, heightened consumer awareness, urbanization and traffic congestion, and incentives from the insurance industry.

How Big Is the Anti-Collision Sensor Market Size Expected to Grow by 2029?
In the coming years, the market for anti-collision sensors is anticipated to experience a significant increase. The market is set to reach a value of $34.52 billion in 2029 at a compound annual growth rate (CAGR) of 19.4%. This growth during the forecast period can be credited to factors such as self-operating and semi-self-operating vehicles, the safety of pedestrians and cyclists, government-led road safety measures, the rise in the electric vehicle market, and the demand for efficient transport systems. Key trends for the forecast period comprise advancements in lidar technology, combining radar and camera systems, the move towards v2x communication, miniaturization and inclusion in smartphones, and considerations around cybersecurity.

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Which Key Market Drivers Powering Anti-Collision Sensor Market Expansion and Growth?
The escalating number of road incidents is predicted to fuel the expansion of the anti-collision sensor market. Road accidents typically involve at least one motor vehicle on a public highway, resulting in the injury or death of one or more individuals. The anti-collision sensor system is a safety mechanism that utilizes radar, lasers, cameras, GPS, and AI technology to prevent potential collisions and decrease the chances of accidents. The increase in traffic jams has also contributed to a higher incidence of road accidents. For example, the National Highway Traffic Safety Administration (NHTSA), a US departmental agency, reported in August 2022, there was a rise in the fatality ratio in the first quarter of 2022 to 1.27 fatalities per 100 million vehicle miles traveled, from 1.25 fatalities per 100 million vehicle miles in the first quarter of 2021. Additionally, a June 2022 World Health Organization (WHO) report revealed that road traffic accidents result in over 1.3 million deaths annually. Hence, the surge in road accidents is likely to boost the anti-collision sensor market.

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Which Fast-Growing Trends Are Poised to Disrupt the Anti-Collision Sensor Market?
Leading players in the anti-collision sensors market are focusing on creating innovative products, such as collision avoidance technology, with a goal to bolster vehicular safety and decrease accident incidences through real-time detection and intervention mechanisms. Collision avoidance technology essentially serves as a safety system meant to prevent or mitigate the impact of vehicular mishaps by identifying any possible obstacles or dangers in the vehicle's trajectory. For instance, in March 2022, the US-based tech organization, Hexagon's, introduced the HxGN MineProtect Collision Avoidance System (CAS 10). The HxGN MineProtect Collision Avoidance System (CAS 10), equipped with collision avoidance technology, is a superior system that integrates and links sensors and software, infield applications, and cloudware. The design of this system aims to enhance safety and operational performance in mining activities. This advanced system offers a detailed 360-degree view for operators, delivering critical information about the position of vehicles, assets, and personnel in open-pit mines, thus aiding in averting potential collisions. The system furnishes real-time warnings to operators about possible collisions, thereby assisting in accident prevention.

What Are the Emerging Segments in the Anti-Collision Sensor Market?
The anti-collision sensor market covered in this report is segmented -

1) By Vehicle Type: Passenger Cars, Commercial Vehicles
2) By Technology: Camera Sensor, Lidar Sensor, Radar Sensor, Ultrasonic Sensor
3) By Application: Forward Collision Warning System, Blind Spot Monitor, Lane Department Warning System, Parking Sensor, Other Applications
4) By End-User: Aerospace And Defense, Automotive, Industrial, Rail, Other End Users

Subsegments:
1) By Passenger Cars: Compact Cars, Sedans, SUVs, Luxury Cars, Electric Vehicles (EVs)
2) By Commercial Vehicles: Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs), Buses, Trucks, Freight Vehicles

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Who Are the Global Leaders in the Anti-Collision Sensor Market?
Major companies operating in the anti-collision sensor market include Delphi Technologies Inc., Denso Corporation, Robert Bosch GmbH, TRW Automotive Holdings Corp., Continental Aktiengesellschaft, ZF Friedrichshafen AG, NXP Semiconductors N.V., Honeywell International Inc., Siemens Aktiengesellschaft, Wadeco Co. Ltd., Texas Instruments Incorporated, Aisin Seiki Co. Ltd., Autoliv AB, Raytheon Technologies Corporation, GEM Electronica Co. Ltd., Volkswagen Aktiengesellschaft, Bayerische Motoren Werke Aktiengesellschaft, Mercedes-Benz Group AG, Volvo Car Corporation, Wabtec Corporation, General Electric Company, Analog Devices Inc., Hyundai Mobis Co. Ltd., Valeo SA, Aptiv PLC, Infineon Technologies AG, STMicroelectronics N.V., Panasonic Corporation, LG Innotek Co. Ltd., Murata Manufacturing Co. Ltd., TE Connectivity Ltd., Sensata Technologies Holding plc

Which are the Top Profitable Regional Markets for the Anti-Collision Sensor Industry?
Asia-Pacific was the largest region in the anti-collision sensors market in 2024. The regions covered in the anti-collision sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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