Collision Avoidance Sensors Market
Market Research Future (MRFR’s) recent study finds that the global collision avoidance sensors market is set to grow at 22% CAGR between 2019 and 2025. The market is likely to touch a valuation of USD 15 Bn by the end of the forecast period. Increased incidences of road mishaps coupled with enforcement of stricter safety regulations is necessitating the development of superior safety systems.
Collision avoidance sensor is a highly advanced safety technology that is witnessing a quick uptake in vehicles and aircrafts. The rising vehicle parc worldwide, development of fast-lane highways and infrastructure are some of factors that are influencing the automotive sector.
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Disruptive technologies continue to impact the automotive sector in different ways. With lines becoming more blurred between industries, dramatic changes are visible in the end outcome. Sectors such as automotive and aerospace are entering a phase where cross-verticals initiatives are increasing substantially. Such industry trends are opening new widows of opportunities for collision avoidance sensors. Automotive companies are collaborating with OEMs that specialize in sensor technology. Substantial investments are being made is developing innovative collision avoidance sensor technology. This allowing carmakers to introduce innovative safety systems such as auto-parking, vehicle communication system, pre-crash braking system, and auto-adjust headlamp.
The global collision avoidance sensors market is also benefiting from increased sale of utility vehicles, high-end luxury vehicles, sport s utility vehicles (SUVs) is fast-developing countries. Apart from the automotive sector, collision avoidance sensors are also finding application in other industrial vertical such as aircraft manufacturing, mining, railways, etc. In terms of application, drones offer attractive application opportunities to collision avoidance sensors market. Increase popularity of drones in expected to have a positive impact on the market growth. Nonetheless, the high cost of sensor production undermines the market prospect to certain extent.
It’s Types— Collision Avoidance System
All the types of sensors, except the GPS-based devices, tend to operate on basic radar principles. This is also known as echo ranging where a radio frequency, high-frequency light, or audio frequency directional pulse is sent out by the ranger in the collision avoidance sensors. If an object is in the way of the pulse, it reflects part of the pulse energy at the ranger where it is detected. In the case of laser, where the beam always stays, and a detector in the CAS detects the laser light.
Here are some of the types of collision avoidance that are gaining prominence in the global Collision Avoidance System market.
Ultrasound: These are sound waves that have frequencies above 20 kHz. Ultrasound sensors are the universal type and are ideal for low speeds and short ranges. This technology is commonly used in reversing systems.
Laser: Laser detection generally stays in controlled systems where reflectors are set up in the machine. It can give erroneous readings from objects that have weak or no reflectivity. Laser detection provides exceptionally high speed and eliminates radio frequency issues.
LED Sensors: These use infrared-emitting LEDs or light-emitting diodes that are ranged around 880 nm wavelength for detection about the collision. Similar to ultrasound sensors, they are also used for short-range detection of collisionless than 10 feet. LED sensors are cost-effective, but they do have a drawback in areas with high-temperature sources. These are primarily used in industrial applications, but some reverse auto sensors use them.
GPS RF Detection: These types of collision system that are used in a centralized system, where each vehicle has a radio transceiver connected to a GPS based tracking system. When two vehicles come closer to each other, warnings are sent to both vehicles. These GPS-based collisions systems are scalable and can cover a large fleet of vehicles moving at high speeds.
Regional Analysis
The global collision avoidance sensors market is projected to grow at a significant rate during the forecast period from 2019 to 2025. The geographical analysis of the global collision avoidance sensors market has been conducted for North America, Europe, Asia-Pacific, the Middle East and Africa, Central and South America.
Europe dominates the collision avoidance sensors market owing to stringent government regulations to install advanced safety systems in vehicles and in manufacturing units. As per the European New Car Assessment Programme (NCAP), automobile manufacturers have to offer an emergency autonomous braking solution as part of the safety rating standards. North America holds second largest market share in the collision avoidance sensors market owing to rise in sales of utility vehicles, sports utility vehicles (SUVs), and high-end luxury vehicles in this region. Also, in US, it is mandatory to adopt electronic stability control (ESC) standard for all new vehicles that are manufactured after 2012. The market for Asia-Pacific is expected to show highest CAGR during the forecast period owing to growing focus on implementation of stringent road safety rules and increasing sale of of premium cars. The Middle East and Africa followed by South America is expected to show significant growth in coming years owing to growing investments in new technology by the government of these regions.
Segmentation
According to Market Research Future, the global collision avoidance sensors market has been segmented on the basis of technology, application, and region.
Collision avoidance systems play an important role in the environment where human and robots work together, as collision detection in such areas is particularly important for safety. The sensors are integrated into collision avoidance and detection systems, as these sensors assist in avoiding the accidents on roads and in factories. These systems enable automotive OEMs to integrate additional intelligence in developing an autonomous vehicle. Growing investments by automobile manufacturers in R&D and certain safety rules set by regulatory bodies are propelling the growth of collision avoidance sensors market worldwide. For instance, in January 2015, US National Highway Traffic Safety Administration (NHTSA) announced the addition of automatic emergency braking systems into its New Car Assessment Program (NCAP) to prevent and reduce the severity of crashes. However, the demand for these sensors may be limited owing to high procurement and integration cost for manufacturers. Thus, the manufacturers of low-priced cars may avoid installing these sensors, as it may increase the overall price of the vehicle.
The global collision avoidance sensors market has been segmented on the basis of technology, application, and region.
On the basis of technology, the market has been segmented into radar, camera, ultrasound, and LiDAR. The radar technology segment is expected to exhibit the largest market share as this technology is being adopted by the majority of OEMs of automobile sector owing to its low cost. The advanced driver-assistance system (ADAS) also use radar technology for collision detection warnings and for adaptive cruise control. Thus, this technology is becoming one of the popular sensing technologies in the automotive industry. Moreover, the camera segment is projected to register the highest CAGR during the forecast period. Camera-based collision avoidance system provides lane-departure warnings in an ADAS. In real-time applications, the stereo cameras are used to obtain a 3D model of the obstacles, thereby avoiding accidents. Also, in a human-robot collaborative environment, cameras help in improving the effectiveness of safety monitoring.
Global Collision Avoidance Sensors Market: Competition Analysis
MRFR in its study has covered companies Delphi Automotive LLP (Ireland), DENSO CORPORATION (Japan), Infineon Technologies AG (Germany), Texas Instruments (US), Rockwell Collins (US), NXP Semiconductors (Netherlands), ALSTOM (France), Robert Bosch GmbH (Germany), Siemens AG (Germany), Murata Manufacturing Co., Ltd. (Japan), Continental AG (Germany), General Electric (US), Saab AB (Sweden), Becker Mining Systems AG (Germany), Sensata Technologies, Inc. (US), Honeywell International Inc. (US), Wabtec Corporation (US), TRW Automotive (US), Autoliv Inc. (Sweden), Panasonic Corporation (Japan) and Takata Corporation (Japan).
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