Anti Collision Sensor Market
Global Industry Analysis and Forecast 2023-2030
Market Value (2022)
USD 7.50 Billion
Forecasted Value (2030)
USD 25.90 Billion
CAGR (2023 – 2030)
Fastest Growing Region (2023 - 2030)
Radar, Ultrasonic, LiDar, Camera
Adaptive Cruise Control, Blind Spot Monitor, Forward Collision Warning System, Lane Department Warning System, Parking Sensor
Automotive, Aerospace & Defense, Maritime, Rail, Others
The global Anti Collision Sensor Market was valued at USD 7.50 Billion in 2022 and is projected to reach USD 25.90 Billion by 2030, growing at a CAGR of 17.20% from 2023 to 2030.
The anti collision sensor market is proliferating owing to the growing demand for safety systems, the increase in the proportion of traffic accidents, and the increasing installation of anti-collision sensors in various transportation systems. There are several factors driving market growth, such as a rise in R&D efforts to develop new technologies, a surge in the demand for unmanned aerial vehicle (UAV) sensors, and the introduction of laws and policies aimed at integrating safety features into automobiles. The growing popularity of home automation systems and the emergence of smart cities are expected to augment anti-collision sensor market revenue. The growing need for eco-friendly and energy-efficient sensors has prompted manufacturers to develop sensors with longer lifespans and reduced power consumption in order to offer eco-friendly solutions. However, the high cost of anti collision sensors is a key factor that may limit the growth of the market. For small and medium-sized businesses, the high cost of sensors is a major obstacle that can limit their use. Additionally, the complexity of anti-collision sensors and the need for trained professionals to install and maintain them may hinder industry growth.
Analyst’s Review on Anti Collision Sensor Market
The introduction of new sensor technologies, coupled with the massive demand for sensors in unmanned aerial vehicles, are other factors estimated to accelerate the growth of the market in the upcoming years. The growing implantation of anti-collision sensors in various transport systems and increasing investment by developed countries in defense equipment and materials are expected to fuel market growth. Anti-collision sensors are a rapidly evolving technology with many recent developments, including IoT technology and big data in aircraft collision avoidance systems. Anti-collision sensor technology in general is constantly evolving, and new innovations and developments are made to improve safety and prevent collisions in various offerings.
Anti collision sensors are electronic devices that use various technologies, such as radar, lidar, sonar, and cameras, to detect obstacles and avoid collisions in various vehicles, such as cars, drones, and industrial machinery. These sensors send signals and receive their reflections to determine the distance and location of obstacles and alert the operator or an automated system to take corrective action to avoid a collision. The accuracy of anti-collision sensors can vary depending on the technology used to detect obstacles and operating conditions. They have different response times, from a few milliseconds to several seconds, depending on the offering and the technology of the sensor used. Anti-collision sensors can be integrated with other systems, such as navigation, control, and monitoring systems, to provide a complete safety solution. These sensors are critical components in many modern safety systems, with functions designed to improve safety, prevent accidents, and save lives.
The need for safety features in vehicles has intensified due to the increasing number of accidents. Automotive manufacturers are incorporating collision avoidance sensors into their vehicles as technology advances. The integration of advanced sensors such as radar and LiDAR and the escalating popularity of electric vehicles are expected to drive up demand for collision avoidance sensors. Since autonomous cars depend on these sensors for navigation and safety measures, these sensors are essential to maintaining vehicle safety. Since electric cars drive differently than conventional cars, these sensors are essential for the safety of electric vehicles. The growing popularity of autonomous vehicles is anticipated to propel the growth of the market for collision avoidance sensors.
A significant obstacle in the collision avoidance sensor market is its high price. Prices can vary significantly based on technology and offering, but they are usually costlier than conventional technologies for sensors used in automobiles or other industries. As a result, costs may restrict adoption, particularly in emerging markets. The accuracy and range limitations of collision avoidance sensors are another major limitation. Factors including the lighting and weather might have an impact on these sensors' accuracy.
The global anti collision sensor market is segmented based on technology, offering, end-user, and geography.
Based on technology, the market is classified into radar, ultrasonic, LiDar, camera. The radar segment dominated the market in 2022 owing to its growing usage in warning systems and adaptive cruise control systems. The segment's growth is driven by its potential use for precise measurement of the position and distance of obstacles, making it the preferred choice for detection equipment. They offer superior effectiveness in detecting and categorizing obstacles, particularly in short-range obstacle detection scenarios.
Based on offering, the anti collision sensor market is classified into adaptive cruise control, blind spot monitor, forward collision warning systems, lane department warning systems, and parking sensors. Adaptive cruise control is estimated to dominate the market over the forecast period as it offers short, medium, and long-range radars to automatically adjust the vehicle's speed as per the intensity of traffic.
Based on end-user anti collision sensor market is divided into automobile, aerospace and defense, industry, rail, and maritime. The automobile segment dominated the market in 2022 owing to the growing demand for advanced driver assistance systems (ADAS) in vehicles to ensure the safety of the driver. These sensors assist several systems, such as adaptive cruise control, adaptive light control, automatic braking, collision avoidance, driver drowsiness detection, automatic parking, blind spot detection, and GPS navigation. These devices help prevent accidents and improve safety for drivers, passengers, and pedestrians. In automobiles, collision avoidance systems are commonly equipped with sensors that can detect objects in their path and promptly alert the driver, allowing them to take the necessary corrective actions. This is among the many functionalities provided by these sensors in vehicles.
Based on region, the global anti collision sensor market is classified into North America, Europe, Asia Pacific, MEA, and Latin America.
Asia-Pacific is the fastest-growing market for collision avoidance sensors due to the widespread adoption of advanced driver assistance systems in this region. In response to the rising demand for vehicles and surging emphasis on vehicle safety, countries like China, Japan, and South Korea are taking the lead in investing heavily in the development of collision avoidance technology. The significant market share of this region can be attributed mainly to the growing awareness regarding vehicle safety features and technological advancements in the automotive industry.
Furthermore, the increasing spending capacity, growing focus on road safety, and developments in automotive technologies are also driving the growth of the anti-collision sensor market in this region. Moreover, a number of companies in the region are investing heavily for the installation of advanced tools in the upcoming models of vehicles, which is driving market growth in the region.
The global anti collision sensor market study will provide valuable insights, with an emphasis on the fragmented nature of the industry. Prominent players are focusing on several key business strategies, such as partnerships, mergers & acquisitions, product innovations, and joint ventures, to expand their product portfolio and increase their respective market shares across different regions. The major players in the anti collision sensor market are:
- Continental AG
- Honeywell International Inc.
- Leonardo S.p.A.
- Schneider Electric
- Siemens AG
- ZF Friedrichshafen AG
- L3Harris Technologies, Inc.
- SICK AG
- DENSO CORPORATION
- July 2022 (Launch): Leonardo recently introduced the LOAM-V2, a cutting-edge laser anti-collision system designed for small to mid-sized platforms. This highly advanced system, weighing just 13 kg and boasting a compact size, offers dual-use functionality by serving as both a laser obstacle avoidance and monitoring solution.
- January 2021 (Expansion): SICK expanded its range of 2D LiDAR sensors, which are specifically designed for localization and collision prevention. The TiM240, which is the initial release in the TiM2xx series, boasts an IP65 protection rating suitable for indoor applications. This enables users to cover substantial areas with a single scanner, detect minute spatial alterations due to its impressive scanning speed, and efficiently communicate these updates to the controller through Ethernet.
The global Anti Collision Sensor Market is segmented as:
- Adaptive Cruise Control
- Blind Spot Monitor
- Forward Collision Warning System
- Lane Department Warning System
- Parking Sensor
- Aerospace & Defense
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- North Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America