Collision Avoidance Sensors Market Estimated to Expand at a Robust CAGR over 2017 – 2027

Collision avoidance sensors are devices that protect mobile devices from any obstruction or collision. These sensors detect an object that comes in the path of a moving vehicle or device and take action in order to avoid any collision and system damage. Collision avoidance sensors are placed either in the front or rear of the vehicle so that they can easily detect obstacles outside the vehicles. These sensors plays an alarm when an obstacle is detected.

Collision avoidance sensors have various applications like in drone cameras and in automobiles when reverse is taken. With the auto industry moving largely towards automated systems, the applications of collision avoidance sensors are increasing in order to increase safety and are thus its applications are trending.

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Collision Avoidance Sensors: Drivers and Restraints

The factors driving the market of collision avoidance sensors are increasing demand of safety and automated systems by consumers. Nowadays everyone wants a collision avoidance sensor in their automobile in order to prevent them from any damages or loss. This is increasing the demand of such sensors. The increasing number of applications are driving the collision avoidance sensor market. Also increasing research and development in this field are elevating the market of collision avoidance sensors.

The factors restraining the growth of collision avoidance sensors are its high installation cost and vehicle integrated with these sensors are also expensive since automated systems in vehicles are still emerging. Since the technology is still emerging, unawareness about the sensors are also one of the restraining factors of collision avoidance sensors.

Collision Avoidance Sensors: Segmentation

Segmentation based on technology in Collision Avoidance Sensors market:

Camera

Ultrasonic

LiDAR

Radar

Segmentation based on types of sensor in Collision Avoidance Sensors market:

Optical sensor

Electromagnetic sensor

Acoustic sensor

Collision Avoidance Sensors: Competitive Landscape

The key players in the Collision Avoidance Sensor market are Continental AG, Leddar Tech, Denso Corporation, Robert Bosch GmbH, Novariant, Inc., First Sensor, Analog Devices, Inc., Panasonic Corporation, Quanergy systems and TRW automotive.

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Regional Overview

By geography, the market of collision avoidance sensor is largest in North America, since many large companies like Novariant, Inc., Analog Devices, Inc., TRW automotive and many others are investing in collision avoidance sensor to increase the automation in vehicle and enhance the security from obstacles. Europe region is also expected to grow since many companies in this region are expanding their collision avoidance system offerings.

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This release was published on openPR.