The global collision avoidance sensors market is set to witness a strong CAGR of 21.45% in the forecast period of 2019- 2026, according to a study by Data Bridge Market Research.
Collision avoidance sensors use different technologies such as LiDAR, GPS RF detection, radar, camera and others so that they can detect any type of crash. They warn the driver of an impending collision and automatically take action if needed. They are widely used in applications such as blind spot detection, forward collision warning system, parking assistance, adaptive cruise control and others.
According to the study, growth factors include creasing awareness about vehicle security, rising sales of luxury vehicles, advancements in sensors, and increasing adoption of these sensors in the military and defense sectors.
Market constraints include the high price of the technology and less use of the sensors in lower priced cars.
According to the report, key market players include Continental AG, Delphi Technologies, NXP Semiconductors, Infineon Technologies AG, Sixth Sensor Technology Pvt Ltd, InnoSenT (Innovative Radar Sensor Technology), DENSO Corp., Mobileye, Symeo GmbH, Cross Company, Robert Bosch GmbH., Panasonic Corp., ANAND Group, Texas Instruments Inc., Q-Track, Autoliv Inc., Becker Mining, Wabtec Corp., Saab AB and Honeywell International Inc.