Multiple and Purposeful Applications of Radar Sensors Bless Anti-collision Sensor Market

The global anti-collision sensor market has been heavily influenced by the doubts raised by manual vehicles regarding their authenticity to avoid road accidents. With a heightening number of vehicles running on roads and frightening incidences of vehicle accident, the demand for anti-collision sensors is prognosticated to augment at a significant rate. The elbow space for anti-collision technologies to function end to end could extend on the back of the evolution of sensory technology and its employment in autonomous transportation systems.

A leading research firm, Transparency Market Research (TMR), predicts the world anti-collision sensor market to attain the revenue figure of US$18.5 bn in 2024 at a CAGR of 19.8%. The 2015 statistics of the market reveal that a revenue of US$3.8 bn was bagged in.

Which Market in Technology Could Raise the Bar for Growth?

Throughout the forecast period, radar sensors are prophesied by the analysts to quickly grow as a leading segment in the technology market for anti-collision sensor. However, there are other markets categorized under technology that also hold the potential to leave a positive mark on the global anti-collision sensor market. Nevertheless, the high efficiency and speed exhibited by radar sensors for identifying objects at a lengthy distance have earned a strong prominence in the global market. In combination with camera sensors, radar sensors are foretold to reserve a colossal share in the market. While radar sensors are anticipated to boost their sale through an important application in forward collision warning system and adaptive cruise control, ultrasonic sensors are generally priced low and find application as parking sensors.

Which Region Could Push Other Geographical Markets on Back Foot?

With extensive support from the application adaptive cruise control, Europe is envisaged to take the driver’s seat, pushing behind all the other regions of the anti-collision sensor market. One of the reasons that the Europe market could put other regions on the back seat is the adoption of automated transportation system. Italy, Germany, Russia, and some more European countries have adopted this system for metro rails and other automobiles. As militarily advanced countries such as Russia and Germany are investing substantially in drones and other defense weapons, the end-user demand for anti-collision sensors is forecasted to swell in the aerospace and defense sector. Camera and radar sensors could gain an added impetus from giant car manufacturing companies such as Honda and BMW as they implement adaptive cruise control.

What is the Nature of Competitive Scenario in Global Market?

Top industry player such as Delphi Automotive, ZF Friedrichshafen, Denso Corporation, Continental AG, and Robert Bosch GmbH have spread their influence in the global anti-collision sensor market as a wildfire. Even in the near future, these companies are envisioned to stay put on their dominant position in the international market with the help of their robust distribution networks. Moreover, their seasoned and long-time presence in the automotive field and wide-reaching business grip are analyzed to help the key market players to showcase prominence.

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