PUBLISHER: The Business Research Company | PRODUCT CODE: 1703172
PUBLISHER: The Business Research Company | PRODUCT CODE: 1703172
Collision avoidance sensors are devices crafted to identify obstacles or hazards in the path of a moving vehicle. They issue alerts or enact corrective measures to prevent collisions, thereby crucially enhancing safety. By continuously monitoring the vehicle's surroundings, these sensors notify drivers or autonomous systems of potential dangers, thereby aiding in accident prevention.
The primary technology types for collision avoidance sensors include radar, camera, ultrasound, and lidar. Radar-based sensors utilize radio waves to detect the presence, speed, and direction of objects surrounding the vehicle. They find application in diverse areas such as lane departure warnings, blind spot detection, adaptive cruise control, parking assistance, forward collision warnings, and autonomous emergency braking. These sensors are utilized across various sectors including aerospace, defense, automotive, marine, and others.
The collision avoidance sensors market research report is one of a series of new reports from The Business Research Company that provides collision avoidance sensors market statistics, including collision avoidance sensors industry global market size, regional shares, competitors with a collision avoidance sensors market share, detailed collision avoidance sensors market segments, market trends, and opportunities, and any further data you may need to thrive in the collision avoidance sensors industry. This collision avoidance sensors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The collision avoidance sensors market size has grown rapidly in recent years. It will grow from $5.34 billion in 2024 to $5.97 billion in 2025 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to increase the resolution of radars driving vehicles, increasing protection to vehicle occupants, increase demand for collision avoidance sensors, increasing emphasis on implementing strict road safety regulations, and increase in sales of sports utility vehicles.
The collision avoidance sensors market size is expected to see rapid growth in the next few years. It will grow to $9.22 billion in 2029 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to growing use of autonomous vehicles, rising new car evaluation programs, increasing developments in the fields, rising demand for collision avoidance sensors, rising consumer purchasing power for luxury and autonomous vehicles. Major trends in the forecast period include technological progress, advancements in sensor technology, use of advanced technologies such as liDAR and radar, expansion in automotive and transportation applications, and internet of things (IoT) and connectivity.
The collision avoidance sensors market is set to grow, driven by increasing demand for autonomous vehicles. These vehicles, which operate without constant human intervention, rely on advanced sensor technologies, computer systems, and artificial intelligence to navigate. The rising adoption of autonomous vehicles stems from advancements in AI and sensor technology, coupled with significant investments by private companies and governments to enhance transportation safety and efficiency. Collision avoidance sensors are pivotal in modern automotive safety, providing real-time data on surroundings to help drivers avoid accidents or mitigate their impact. They enable autonomous vehicles to navigate safely in complex environments, thereby reducing accidents and enhancing road safety. For instance, the National Association of Insurance Commissioners projected 3.5 million autonomous vehicles on American roads by 2025 and 4.5 million by 2030, underscoring the market's growth driven by increasing autonomous vehicle adoption.
Leading firms in the collision avoidance sensor market are concentrating on innovative solutions, such as 4D radar, to enhance vehicle safety, improve efficiency, and ensure reliable operation in challenging environments like GNSS-denied areas. The 4D radar technology significantly boosts safety by providing real-time awareness and collision prevention, making it a key advancement in collision avoidance for industries such as mining. For example, in September 2024, Hexagon, a Sweden-based digital reality solutions company, introduced its latest collision avoidance system (CAS), which integrates 4D radar technology for improved vehicle-to-object detection and vehicle-to-vehicle alerting, particularly for mining operations. This system also includes an advanced insights platform for collision risk analysis and safety improvements, providing a comprehensive solution for collision avoidance in complex environments.
In February 2023, Epiroc, a Sweden-based company specializing in manufacturing heavy machinery, completed the acquisition of Mernok Elektronik for an undisclosed sum. This acquisition is aimed at bolstering Epiroc's leadership in providing automation and safety solutions tailored for mining operations worldwide. Mernok Elektronik, headquartered in South Africa, is recognized for its expertise in manufacturing collision avoidance sensors, which are crucial components for enhancing safety in mining environments.
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
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.
The countries covered in the collision avoidance sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The collision avoidance sensors market consists of revenues earned by entities by providing communication and coordination software, and signal processing software. The market value includes the value of related goods sold by the service provider or included within the service offering. The collision avoidance sensors market consists of sales of infrared sensors, and ultrasonic sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Collision Avoidance Sensors Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on collision avoidance sensors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for collision avoidance sensors ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The collision avoidance sensors market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.