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A recent report published by Infinium Global Research on anti-collision sensor market provides an in-depth analysis of segments and sub-segments in global as well as regional anti-collision sensor market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional anti-collision sensor market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global anti-collision sensor market. According to the report the global anti-collision sensor market is projected to grow at a CAGR of 16.9% over the forecast period of 2018-2024.
Market Insight
Anti-collision sensors are used in automatic safety systems. These Anti-collision sensors are designed to avoid or reduce the severity of a collision by detecting an object in the path while moving. The anti-collision sensors are vastly used in the automotive, rail, and in the aerospace & defense industries to prevent the Collisions. The anti-collision sensors work on the basic radar or sonar principles. The anti-collision sensors system is one of the emerging technology nowadays that helps in the prevention of the collision between the vehicles. The anti-collision sensors use Radar Sensor, Ultrasonic Sensor, LiDar Sensor and camera sensors to detect the objects. As soon as the impending collision is detected, the safety systems provide a warning signal to the driver and help in preventing the crash.
The growing demand for safety systems in passenger vehicles is the key factor driving the growth of the anti-collision sensor market. The anti-collision sensor provides safe and reliable technical solutions to the automobile that in turns reduces the collision. The anti-collision sensors are majorly used in the automotive sector that holds approximately 37% shares of the total market. In addition, the rising percentage of vehicular accidents are expected to boost the demand of anti-collision sensor market. According to the association for safe international road travel, Nearly 1.3 million people die in road crashes each year, on average 3,287 deaths a day globally. Furthermore, the growing implantation of anti-collision sensors in the various transport system is anticipated to escalate the growth of the anti-collision market. The anti-collision sensors are becoming an important part of various transport vehicles such as rails to avoid any unwanted accidents. The factor such as ongoing research and development activities in the technology of the sensors is contributing to the growth of the anti-collision sensors market. However, less adoption of the anti-collision sensor is hampering the growth of anti-collision sensors market. Moreover, Growing Unmanned aerial vehicles (UAVs) applications in the various sectors including military, agriculture and many others are projected to create various opportunities in the anti-collision sensors market over the forecast period.
Among the geographies, North America holds the largest market share of approximately 32% in the Anti-collision Sensors market. The growing adoption and implementation of anti-collision sensors in the automated transportation system are driving the growth of anti-collision sensors in North America region. The presence of the aviation, defense, and automobile industries in the North America region is contributing to the growth of the anti-collision sensors market in this region. Furthermore, Asia Pacific is the fastest growing region in the anti-collision sensors market owing to the high demand for passenger cars and car safety systems.
Segment Covered
The report on global anti-collision sensor market covers segments such as technology, application, and end-user industry. On the basis of technology, the global anti-collision sensor market is categorized into the radar sensor, ultrasonic sensor, a lidar sensor, and camera sensor. On the basis of application, the global anti-collision sensor market is categorized into adaptive cruise control, blind spot monitor, forward collision warning system, lane department warning system, and parking sensor. On the basis of end-user industry, the global anti-collision sensor market is categorized into automotive, aerospace and defense, industrial, rail and others.
Geographic Coverage
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region.
The Asia-pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
Companies Profiled:
The report provides profiles of the companies in the global anti-collision sensor market such as Robert Bosch GmbH, Denso Corporation, Continental AG, ZF Friedrichshafen, Delphi Automotive, TRW Automotive, NXP Semiconductor, Texas Instruments, Aisin Seiki Co and Autoliv AB.
Report Highlights:
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global anti-collision sensor market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of anti-collision sensor market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the anti-collision sensor market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the anti-collision sensor market to understand the present and future trends in this market and formulate their strategies accordingly.
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