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Growing concern about reducing accidents as well as safety precautions, the collision sensor market is going to witness the significant growth Owing to the high inclination towards the development in the field of camera, LiDAR, radar & ultrasound technology, the collision avoidance sensors market is going to witness the growth over the forecast period. Luxury automakers are expected to continue the exploitation of these sensors as a part of active safety system solutions of automobiles. Hence increasing demand of automobiles is also going to drive the market of collision sensors. Rise in sales of luxury as well as sports utility vehicles is going to impact the collision avoidance sensor market positively in coming years.
Updated ratings of safety agencies, growing awareness among vehicle occupants & wide research and development by market participants are expected to fuel the collision avoidance sensors market. High cost of radar & LiDAR collision avoidance sensors are anticipated to hamper the market growth as low-priced carmakers resist towards adding the additional cost of vehicles. The global anti collision sensors market is anticipated to witness the significant growth over the next five years, with the increasing efforts in the direction of development of fully self-governing cars. Mass production and consumer acceptance of self driving vehicles are going to offer potential growth opportunity for the collision avoidance sensors market.
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Technology used in collision sensors for active safety includes LiDAR, radar and camera based sensors. They offer pre-crash mitigation ability to automobiles. Radar technology used in sensor facilitates accurate measurement of distance as well as determination of location of any object. Infrared and vision camera are used to identify the type of object within near distance. Ultrasound technology sensors are used to detect the obstacle within short distance and they are mostly used in parking assistance system. Cost efficiency is expected to be the key driver for ultrasound collision avoidance sensors market. LiDAR sensors are applicable for a wide view filed & detail imaginary. High cost &bulky architecture are expected to restrain the LiDAR collision avoidance sensors market in coming years. Radar and camera technology based collision avoidance sensors are expected to witness the fastest growth globally owing to better efficiency.
Advance driver assistance system (ADAS) such as blind spot detection, forward collision warning system, adaptive cruise control, parking assistance and lane departure warning system are the major applications to witness the growth in coming five years. Vehicles equipped with parking assistance employ solutions of camera and ultrasound anti-collision sensors. For instance, Mercedes-Benz, BMW, Infiniti and Audi have included ultrasonic sensors and surround-view cameras in their cars for parking assistance. Lane departure and blind spot detection warning systems employ radar & camera sensors which have gained importance in the past few years due to their decreasing prices and are anticipated to gain significant market share over the forecast period. Adaptive cruise control systems are estimated to report a major share in the anti collision sensors market in coming five years. Such systems make use of short, medium and long range radar to mechanically adjust the vehicle’s pace.
North America and European countries are matured market owing to earlier implementation of advanced safety systems in automobiles abided by government regulations. The European NCAP needs passenger vehicles to facilitate emergency autonomous braking for achieving highest safety rating from agency which is expected to drive the market growth. The Asia Pacific anti-collision sensors market is expected to grow in coming years due to increasing awareness about implementation of rigorous safety rules. Increasing disposable income, high standard of living, GDP growth and rising premium car sales are anticipated as a key driver of the collision avoidance sensors market in Asia Pacific as well as in RoW.
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Bosch, Continental AG, TRW automotive, Denso Corporation and Delphi Automotive are some of the key players in collision avoidance sensors market. Delphi Automotive is projected as a manufacturer of sensors for two automakers which are going to introduce 360-degree vehicle surveillance. Global players are expected to innovate the solutions owing to compete the market players over the forecast period.
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