How Has the Collision Avoidance Sensors Market Evolved Historically and What is its Current Size?
The collision avoidance sensors market has seen considerable growth due to a variety of factors.
• The collision avoidance sensors market has grown rapidly in recent years. It will increase from $5.34 billion in 2024 to $5.97 billion in 2025, reflecting a CAGR of 11.8%.
This growth is driven by improvements in radar resolution, better protection for vehicle occupants, a surge in demand for collision avoidance sensors, stricter road safety regulations, and a rise in sports utility vehicle sales.
What Does Future Hold for The Collision Avoidance Sensors Market By 2029?
The collision avoidance sensors market is expected to maintain its strong growth trajectory in upcoming years.
• The collision avoidance sensors market is expected to grow rapidly, reaching $9.22 billion by 2029, at a CAGR of 11.5%.
This growth is driven by autonomous vehicles, new car evaluation programs, sensor demand, and increasing consumer spending on luxury/autonomous vehicles. Trends include technological advancements, sensor tech progress, liDAR/radar use, automotive/transportation applications, and IoT/connectivity.
What Are The Primary Growth Drivers In The Collision Avoidance Sensors Market?
The rising demand for autonomous vehicles is expected to boost the collision avoidance sensors market. Autonomous vehicles, which use sensors, AI, and advanced systems to navigate without human intervention, are growing in popularity due to technological advances and increasing investment in transportation safety. Collision avoidance sensors play a vital role in ensuring the safety of autonomous vehicles. For example, the National Association of Insurance Commissioners estimated that there would be 3.5 million autonomous vehicles on American roads by 2025, rising to 4.5 million by 2030, boosting demand for collision avoidance technologies.
What Is The Segmentation Of The Global Collision Avoidance Sensors Market?
The collision avoidance sensors market covered in this report is segmented –
1) By Technology: Radar, Camera, Ultrasound, LIDAR
2) By Applications: Lane Departure Warning System, Blind Spot Detection, Adaptive Cruise Control, Parking Assistance, Forward Collision Warning System, Autonomous Emergency Braking, Other Applications
3) By End Users: Aerospace And Defense, Automotive, Marine, Other End Users
Subsegments:
1) By Radar: Short-Range Radar, Long-Range Radar, Millimeter-Wave Radar
2) By Camera: Monocular Cameras, Stereo Cameras, Surround-View Cameras
3) By Ultrasound: Proximity Sensors, Parking Sensors, Blind-Spot Detection Sensors
4) By LIDAR: 2D LIDAR, 3D LIDAR, Solid-State LIDAR
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How Are Emerging Trends Reshaping The Dynamics Of The Collision Avoidance Sensors Market?
Companies in the collision avoidance sensor market are introducing new technologies like 4D radar to improve vehicle safety in complex environments. In September 2024, Hexagon, a Sweden-based digital solutions company, launched a new collision avoidance system integrating 4D radar technology to enhance vehicle-to-object detection and provide real-time alerts in mining operations.
Who Are the Key Players In The Collision Avoidance Sensors Market?
Major companies operating in the collision avoidance sensors market are:
• Siemens AG
• General Electric
• Continental AG
• Luminar Technologies Inc.
• NTT Data Corporation
• Aptiv PLC
• Alstom SA
• Collins Aerospace
• Texas Instruments Incorporated
• St Microelectronics NV
• NXP Semiconductors N.V.
• Autoliv Inc.
• Wabtec
• Hexagon AB
• Saab AB
• Sensata Technologies Inc.
• Donaldson Company Inc.
• SZ DJI Technology Co. Ltd.
• Magna International Inc.
• Ouster Inc.
• Aceinna Inc.
• Robert Bosch GmbH
What Are The Regional Insights Into The Collision Avoidance Sensors Market?
North America was the largest region in the collision avoidance sensor Market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the collision avoidance sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
