Collision Avoidance Sensors Market - Forecast(2024 - 2030)

Report Code: ESR 21351 Report Format: PDF + Excel

Collision Avoidance Sensors Market Overview

Collision Avoidance Sensors Market size is estimated to reach $19.6 billion by 2030, growing at a CAGR of 18.9% during the forecast period 2024-2030. The collision avoidance sensor market is experiencing robust growth fueled by the escalating demand for enhanced vehicle safety, rise in commercial vehicles, awareness among consumers for safety of vehicles and the rapid advancement of autonomous driving technologies. A surge in accidents globally has underscored the imperative for advanced sensory solutions, prompting the development of highly precise, element-specific vehicle sensors. The integration of LIDAR, cameras, ultrasound, and radar technologies has revolutionized the automotive landscape, with a pronounced shift towards incorporating collision avoidance sensors as standard features in €luxury vehicles. SUVs, high-end cars, and utility vehicles are spearheading this trend, while even mass-market models are beginning to offer basic collision avoidance functionalities.

In recent trends, Vehicle-to-Everything (V2X) communication technology will play a crucial role in collision avoidance systems, enabling vehicles to communicate with each other and with infrastructure to anticipate and avoid potential collisions. For example, Qualcomm’s advancements in V2X technology ie Snapdragon Automotive Platforms support the development of collision avoidance systems. These platforms are designed to enhance safety features by providing real-time data and alerts about road conditions, traffic signals, and nearby vehicles. Also, Governments worldwide are expected to implement more stringent regulations and safety standards for collision avoidance systems.. For instance, in November 2023, India's Ministry of Road Transport and Highways proposed making 'moving off information systems' mandatory for certain vehicle categories to reduce pedestrian and cyclist collisions. Similarly, in April 2024, the U.S. administration introduced rigorous regulations that will require all new cars and trucks to include pedestrian collision avoidance systems with automatic emergency braking by the end of the decade.  

Collision Avoidance Sensors Market - Report Coverage:

The “Collision Avoidance Sensors Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Collision Avoidance Sensors Market.

By Technology- Radar, Camera, Ultrasound and LiDAR

By Application- Adaptive Cruise Control, Blind Spot Detection, Forward Collision Warning System, Lane Departure Warning System, Parking Assistance, Autonomous Emergency, Braking System (AEBS), Electronic Stability Control, Tire Pressure Monitoring System and Others.

By End Use Industry- Automobile, Aerospace & Défense, Maritime, Rail and Others

By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile and Rest of South America) and Rest of World (the Middle East and Africa)

Key Takeaways:

•    North America is the largest region owing to regulations concerning safety.

•    The automotive industry is the dominant consumer of collision avoidance sensors, accounting for the largest market share owing to the increasing focus on vehicle safety, rise in commercial vehicles coupled with the rapid advancements in autonomous driving technology.

•    Governments worldwide are implementing stricter safety standards and frequency regulations into collision avoidance sensor market for vehicles to reduce road accidents and fatalities.

•    The parking assistance segment specifically Ultrasonic sensors have indeed been instrumental in revolutionizing the collision avoidance sensor systems. By providing drivers with real-time information- audio and visuals, about their surroundings and taking over steering control, these systems help prevent accidents, reduce stress and improve overall parking efficiency.

           

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Collision Avoidance Sensors Market Overview- By Technology

Radar technology is the largest contributor to the collision avoidance sensors market. Its ability to operate effectively in various weather conditions, its long-range detection capabilities, and its capacity to measure the speed and direction of objects make radar a preferred choice for many automotive applications. Radar-based systems are widely used in features like adaptive cruise control, blind spot detection, and forward collision warning.  It detects potential collisions and provide timely warnings or take autonomous actions to avoid accidents. Its overall performance and cost-effectiveness have contributed to its market dominance. For instance, in June 2024, OndoSense expanded its product line with the introduction of a compact, high-precision radar sensor. Designed for collision avoidance, vehicle detection, and object positioning, the OndoSense reach WA offers a wide detection range, making it suitable for various applications. Its ability to detect both static and moving objects at close range (from 0.1 meter), even in challenging environments, positions it as a versatile solution for industries requiring precise object detection and positioning.

Collision Avoidance Sensors Market Overview- By Application

Automatic Emergency Braking System (AEBS) has emerged as the dominant automotive application for collision avoidance sensors. Its ability to autonomously apply brakes to prevent or mitigate collisions has made it a cornerstone of modern vehicle safety. Driven by stringent government regulations and a growing awareness of road safety, AEB systems have rapidly gained traction and its direct impact on accident prevention has solidified its position as the leading application for collision avoidance sensors across various vehicle segments. Around 90% of light-duty vehicles on the road today come standard with automatic emergency braking, or AEB . In April 2024, The US Department of Transportation, NHTSA finalized a new Federal Motor Vehicle Safety Standard requiring all vehicle manufacturers to include automatic emergency braking in their light-duty vehicles (basically all passenger vehicles, including SUVs and pickup trucks) by 2029.  The new rule aims to prevent hundreds of deaths and tens of thousands of injuries every year.

Collision Avoidance Sensors Market Overview- Geography

North America, especially the United States, stands as the largest market for collision avoidance sensors, thanks to its robust presence of major automotive and technology firms that drive innovation. The region's growth is fueled by stringent safety regulations and cutting-edge automotive technology. Stringent safety standards enforced by agencies like the National Highway Traffic Safety Administration (NHTSA) mandates for automatic emergency braking (AEB) systems in all new vehicles by 2025 underscores the commitment to enhancing road safety have accelerated the adoption of collision avoidance systems. Additionally, North America is at the forefront of deploying V2X communication technologies with over 15% of new vehicles in the region expected to be equipped with V2X systems by the end of 2024, according to a study by the Institute of Transportation Engineers and integrating advanced driver assistance systems (ADAS), such as automatic emergency braking and adaptive cruise control. The strong presence of automotive OEMs and technology companies further boosts market expansion.

Collision Avoidance Sensors Market Drivers-

Advancement in Autonomous Vehicle Technology

The rapid development and increasing adoption of autonomous vehicles is a primary driver for the collision avoidance sensors market. These vehicles rely heavily on a suite of sensors, to perceive their surroundings and make real-time decisions to prevent accidents. Breakthroughs in radar, lidar, camera and ultrasonic technologies have significantly enhanced the capabilities of these systems, enabling more precise object detection, tracking and response times. This technological evolution is directly fueling the integration of collision avoidance sensors into a wider range of vehicles, from luxury models to mass-market segments. As the autonomous vehicle industry matures, the demand for sophisticated and reliable collision avoidance sensors is expected to soar.

Surging demand for advanced driver assistance systems (ADAS)

As consumer awareness about vehicle safety soars, ADAS features, including adaptive cruise control, lane departure warning and automatic emergency braking, are becoming essential for many vehicle buyers. Moreover, stricter safety standards for vehicles to reduce road accidents/fatalities coupled with the increasing complexity of driving environments, has solidified ADAS as a cornerstone of modern automotive technology, thereby fostering a robust demand for collision avoidance sensors. The automotive industry witnessed a significant democratization of ADAS features. Visteon, a prominent US-based Tier 1 supplier renowned for its digital instrument clusters and cockpit displays, in March 2024 announced its strategic foray into the ADAS market. The company aims to capitalize on the growing demand for advanced driver assistance systems. India has been identified as the launchpad for Visteon's new ADAS technology solutions targeted at original equipment manufacturers (OEMs).

Collision Avoidance Sensors Market Challenges-

Increasing complexity of operating environments

A primary challenge confronting the collision avoidance sensors market is the increasing complexity of operating environments. As vehicles become more sophisticated and autonomous driving technology advances, sensors are tasked with navigating increasingly complex scenarios. These include adverse weather conditions, heavy traffic congestion, urban environments replete with pedestrians and cyclists and unexpected obstacles such as debris or animals. Developing sensors capable of reliably detecting and responding to such a wide array of variables while maintaining high accuracy and low false positive rates is a formidable engineering challenge.

Collision Avoidance Sensors Market Key Players-

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Collision Avoidance Sensors Market.

The top 10 players in the Collision Avoidance Sensors Market are:

1.    Robert Bosch GmbH
2.    Delphi Technologies
3.    NXP
4.    Infineon Technologies AG
5.    Murata Manufacturing Co, Ltd
6.    Continental AG
7.    Valeo
8.    Texas Instruments, Inc
9.    Denso Corporation
10.  Pepperl+Fuchs SE

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  1. Collision Avoidance Sensors Market - Market Overview
          1.1 Definitions and Scope
  2. Collision Avoidance Sensors Market - Executive Summary
          2.1 Key trends by Technology
          2.2 Key trends by Application
          2.3 Key trends by End-Use Industry
          2.4 Key trends by Geography
  3. Collision Avoidance Sensors Market – Landscape
          3.1 Comparative analysis
                    3.1.1 Market Share Analysis- Major Companies
                    3.1.2 Product Benchmarking- Major Companies
                    3.1.3 Major 5 Financials Analysis
                    3.1.4 Patent Analysis- Top Companies
                    3.1.5 Pricing Analysis (ASPs will be provided)
  4. Collision Avoidance Sensors Market - Startup companies Scenario Premium 
          4.1 Top startup company Analysis by
                    4.1.1 Investment
                    4.1.2 Revenue
                    4.1.3 Market Shares
                    4.1.4 Market Size and Application Analysis
                    4.1.5 Venture Capital and Funding Scenario
  5. Collision Avoidance Sensors Market – Industry Market Entry Scenario Premium 
          5.1 Regulatory Framework Overview
          5.2 New Business and Ease of Doing business index
          5.3 Successful venture profiles
          5.4 Customer Analysis – Major companies
  6. Collision Avoidance Sensors Market - Market Forces
          6.1 Market Drivers
          6.2 Market Constraints
          6.3 Porters Five Force Model
                    6.3.1 Bargaining Power of Suppliers
                    6.3.2 Bargaining Powers of Buyers
                    6.3.3 Threat of New Entrants
                    6.3.4 Competitive Rivalry
                    6.3.5 Threat of Substitutes 
  7. Collision Avoidance Sensors Market – Strategic Analysis
          7.1 Value/Supply Chain Analysis
          7.2 Opportunity Analysis
          7.3 Product/Market Life Cycle
          7.4 Distributor Analysis – Major Companies 
  8. Collision Avoidance Sensors Market - By Technology 
              8.1 Radar
              8.2 Camera
              8.3 Ultrasound
              8.4 LiDAR
  9. Collision Avoidance Sensors Market - By Application
               9.1 Adaptive Cruise Control
              9.2 Blind Spot Detection
              9.3 Forward Collision Warning System
              9.4 Lane Departure Warning System
              9.5 Parking Assistance
              9.6 Autonomous Emergency Braking System (AEBS)
              9.7 Electronic Stability Control
              9.8 Tire Pressure Monitoring System
              9.9 Others
  10. Collision Avoidance Sensors Market - By End Use Industry
          10.1 Automobile
          10.2 Aerospace & Défense
          10.3 Maritime
          10.4 Rail
          10.5 Other       
  11. Collision Avoidance Sensors Market - By Geography 
          11.1 North America
                    11.1.1 USA
                    11.1.2 Canada
                    11.1.3 Mexico
          11.2 Europe
                    11.2.1 UK
                    11.2.2 Germany
                    11.2.3 France
                    11.2.4 Italy
                    11.2.5 Netherlands
                    11.2.6 Spain
                    11.2.7 Russia
                    11.2.8 Belgium
                    11.2.9 Rest of Europe
          11.3 Asia-Pacific
                    11.3.1 China
                    11.3.2 Japan
                    11.3.3 India
                    11.3.4 South Korea
                    11.3.5 Indonesia
                    11.3.6 Taiwan
                    11.3.7 Malaysia
                    11.3.8 Australia and New Zealand
                    11.3.9 Rest of APAC
          11.4 South America
                    11.4.1 Brazil
                    11.4.2 Argentina
                    11.4.3 Colombia
                    11.4.4 Chile
                    11.4.5 Rest of South America
          11.5 Rest of the World
                    11.5.1 Middle East
                    11.5.2 Africa
  12. Collision Avoidance Sensors Market – Entropy
          12.1 New Product Launches
          12.2 M&As, Collaborations, JVs and Partnerships
  13. Collision Avoidance Sensors Market – Market Share Analysis 
          13.1 Market Share at Global Level - Major companies
          13.2 Market Share by Key Region - Major companies
          13.3 Market Share by Key Country - Major companies
          13.4 Market Share by Key Application - Major companies
          13.5 Market Share by Key Product Type/Product category - Major companies
  14. Collision Avoidance Sensors Market – Key Company List by Country Premium 
  15. Collision Avoidance Sensors Market Company Analysis
              15.1 Robert Bosch GmbH  
              15.2 Delphi Technologies
              15.3 NXP
              15.4 Infineon Technologies AG
              15.5 Murata Manufacturing Co , Ltd
              15.6 Continental AG
              15.7 Valeo
              15.8 Texas Instruments, Inc
              15.9 Denso Corporation
              15.10 Pepperl+Fuchs SE
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