A collision avoidance system is an automobile safety system which is designed to reduce the risk of accident by alert the driver of an automobile by using different technologies. As there have been so many technology advancement taking place in automobile in spite of it, number of accident are rising up. This is especially true for intersection accidents, the ratio of intersection accidents is largest among total number globally. As a result it is recommended that intersection collision system must be implemented in automobiles as a part of vehicle safety system. A collision avoidance system consists of a processor, controller which are responsible to get task performed and control each component such as different sensors, indicators. Sensors are used to detect or sense the obstacles or other automobiles which come in front of the sensor and hence it sends the message to the controller and controller take further action as per different system. These sensors are also of different types it can be sound sensor which works on ultrasonic frequency, light sensors like LASER, cameras & so many. The output would be sent to the LCD screen installed in front of the driver and also the buzzer starts producing sounds to make alert the driver depends on the system.
The global collision avoidance sensor market has witnessed high growth over the past some years and with advancement in camera, RADAR, LiDAR & ultrasound technology it is expected to experience same growth during forecast period as well.
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Collision Avoidance Sensor Market: Market Dynamics
The key trend of global collision avoidance sensors market is the growing demand of automotive safety system by the users and hence the different automobile safety system manufacturers are focusing on developing innovation in technology and investing in R&D in order to remain competitive in the market. The key growth drivers of global collision avoidance sensor market are increasing customer awareness towards automotive safety systems along with the increasing interest of consumers to avail inbuilt collision avoidance system even in the entry level automotive vehicles are playing a key role as a growth driver for global automotive collision avoidance sensor market. On the other hand the functional limitation of collision avoidance sensors which are not sufficient to sense all types of accidents hence further advancement is necessary in that is presently hindering the growth of global collision avoidance sensor market are acting as the key restraint for this market.
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Collision Avoidance Sensor Market: Segmentation
Segmentation of Collision avoidance sensor market is done on the basis of product type, functionality & Geography. On the basis of product type the global collision avoidance market is segmented as camera, Radar, LiDAR & ultrasound sensors. On the basis of functionality, the global collision avoidance sensor market is segmented as blind spot detection (BSD), lane departure warning System (LDWS), adaptive cruise control (ACC), parking assistance & others.
Geographically, global collision avoidance sensor market is segmented into seven regions ; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA). Among all the regions North America & Western Europe are the highest contributor in terms of revenue in global collision avoidance sensor market because government’s rules and regulations according to which automobile safety systems have been mandated in the motor vehicle.
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Collision Avoidance Sensor Market: Key Players
The key players of global collision avoidance sensor market are Bosch Limited, DENSO CORPORATION, Delphi Automotive LLP, Autoliv Inc., Infineon Technologies AG, Murata Manufacturing Co. Ltd. Analog Devices Inc. & others.