{"id":97622,"date":"2017-02-06T11:42:03","date_gmt":"2017-02-06T11:42:03","guid":{"rendered":"http:\/\/www.abnewswire.com\/pressreleases\/?p=97622"},"modified":"2017-02-06T11:42:03","modified_gmt":"2017-02-06T11:42:03","slug":"collision-avoidance-sensors-market-size-worth-1897-billion-by-2025-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/collision-avoidance-sensors-market-size-worth-1897-billion-by-2025-grand-view-research-inc_97622.html","title":{"rendered":"Collision Avoidance Sensors Market Size Worth $18.97 Billion By 2025: Grand View Research, Inc."},"content":{"rendered":"
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“Grand View Research, Inc. – Market Research And Consulting.”<\/div>\n<\/div>\n<\/div>\n
According to new report by Grand View Research, global collision avoidance sensors market is expected to reach USD 18.97 billion by 2025, The updated ratings of safety agencies and incorporation of anti-collision sensors in mass-market models are expected to propel the market growth over the next six years.<\/div>\n

The global collision avoidance sensors market<\/a> is expected to reach USD 18.97 billion by 2025, according to a new study conducted by Grand View Research, Inc. The updated ratings of safety agencies and incorporation of anti-collision sensors in mass-market models are expected to propel the market growth over the next six years.<\/p>\n

The increasing awareness among consumers and extensive R&D by market players have fueled the market growth. Collision avoidance sensors enable vehicles to carry out semi-autonomous and autonomous decision-making. The rising need for security from consumers and governments is also expected to drive the collision avoidance sensors market growth.<\/p>\n

The recent developments in the sensor technology are oriented toward making highly sophisticated devices and augmenting them with various parts of an automobile. Anti-collision sensors enable automotive OEMs to integrate additional intelligence to achieve the goal of an autonomous car.<\/p>\n

Strict legal and regulatory standards have mandated the inclusion of sensors in motor vehicles. This is further estimated to drive the collision avoidance sensors market. However, the high costs of long-range radars and LiDAR-based sensors may restrain the market growth as low-price carmakers may abstain from adding onto the cost of vehicles.<\/p>\n

Full research report on Collision Avoidance Sensors Market Analysis:<\/strong> http:\/\/www.grandviewresearch.com\/industry-analysis\/collision-sensors-market<\/a><\/p>\n

Further key findings from the study suggest:<\/strong><\/span><\/p>\n