Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Anti-Collision Sensor Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Anti-Collision Sensor Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Anti-Collision
Sensor Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Anti-Collision Sensor Market is offered. In accordance with the report, the global
Anti-Collision Sensor Market is projected to
expand at a CAGR of 18.79% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
According to a study conducted by Business Canada in 2017, car
population on road have been rapidly increasing in recent years and in last
year car population exceeded 1 billion. USA holds leading position in vehicle
population followed by China. There is growing percentage of vehicular accidents
worldwide. Developing countries held significant share in road accident
injuries and deaths. In general, cyclists, pedestrians, and motor cycle riders
are the most vulnerable group to this kind of road accidents. In developed
countries, unsafe driving, driving under time pressure and picking high speed
in bad weather are some of the reason for road accidents.
With the growing concern for road accidents, automobile companies
offer cars with anti-collision sensors. This kind of sensors help to avoid
collision with pedestrian or any object in the road of moving vehicle. This
will drive the global market for anti-collisions sensors. In the year of 1979,
New Car Assessment Program (NCAP) was initiated by United States National
Highway Traffic safety Administration. This is a car safety program proposed by
government so that automobile manufacturers can follow certain design that
ensures safer road, safer cars and safer users as well. Besides high income
countries, middle income countries have growing share of vehicle population and
adherence to NCAP and car safety regulation has become predominant at present
date. Advent of NCAP leads car
manufacturers to incorporate car safety design in automobiles and this enhances
consumers’ awareness to purchase safe cars. Consumer awareness coupled with
government initiative thus raise the demand for anti-collision sensors by car
manufacturers worldwide.
The advancement of wireless sensor technology improves universal
connectivity. This enables continuous transmission of data to be received by
on-board processors and this activates proper responses. New types of software
are generated and complex decision making has become easier with it. This
advanced form of sensors are abruptly used in autonomous system. Autonomous
system implies robotics and this system is extensively used in vehicles.
Automation in vehicles is the latest trend and here we can see perfect machine
and human interface. This kind of sensor improves efficiency of such vehicles
and also ensures car safety to a greater extent. Mercedes S-500 autonomous car
uses different types of sensors and these are used to locate any kind of
obstacles in the path of the moving car. These sensors help to interpret
roadside information and the route pilot in it helps to navigate the road. In
this manner, anti-collision sensors have been increasingly used by autonomous
cars to prevent any kind of collision in the roadside.
Anti-collisions sensors in cars are able to detect any vehicle or
pedestrian on the roadside, anticipate collision and automatically apply
correct steering position or apply brake system to prevent any collision. Forward
warning collision system in a car is used to alert drivers if there is an
impending collision with stationary or slow moving car. This kind of sensors
are very costly and they have been used in high end luxury cars. Hence,
anti-collision sensors actually raise the cost of cars thus reducing demand for
anti-collision sensors. High cost of anti-collision sensors is a restraint to
the growth potential of global anti-collision sensor market. Disposable income
is on rise on global scale and this affects the consumption pattern of
individuals largely. Growing disposable income put an impetus on luxury
spending and this increases the consumption of luxury cars.
According to the statistics of Los Angelas based automobile company,
Los Angeles Limo Ride, sale of high end luxury cars are on increasing trend
presently. The consumption of luxury cars has been fueled by airport goers,
middle class population and celebrities. Moreover, this kind of luxury cars
come with high technical knowhow and efficient fuel system. One of the most
important features of this luxury car is that there are highly efficient
anti-collision system embedded in it and that ensures car as well as passengers
safety. Hence, with the growing demand for luxury cars, we can anticipate that
the global anti-collision sensor market will expand during the forecast period.
Segment Covered:
This market
intelligence report on the global Anti-Collision Sensor Market encompasses market segments based on technology, end user and application and country.
In terms of technology, the Anti-Collision Sensor Market is segregated
into:
·
Radar
·
Ultrasonic
·
LiDar
·
Camera
·
Others
By end user, the Anti-Collision Sensor Market is segregated
into:
·
Automobile
·
Aerospace & Defense
·
Rail
·
Maritime
·
Others
By application, the Anti-Collision Sensor Market is segregated
into:
·
Adaptive Cruise Control
·
Blind Spot Detection
·
Forward
Collision Warning System
·
Lane Departure Warning System
·
Parking Sensor
·
Others
By country/region, the global Anti-Collision Sensor Market has been divided
into:
·
North America
(the U.S., Canada),
·
South America
(Brazil, Mexico, Argentina and other countries),
·
Europe (Germany,
France, the U.K., Spain, Italy, Russia, and other countries),
·
Asia Pacific
(India, Japan, China, Australia and New Zealand and other countries),
·
Middle East and
Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
·
Robert Bosch
GmbH
·
Denso
Corporation
·
Continental AG
·
ZF
Friedrichshafen
·
Delphi
Automotive
·
TRW Automotive
·
NXP Semiconductor
·
Texas
Instruments
·
Aisin Seiki Co
·
Autoliv AB
·
Others
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Anti-Collision Sensor related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2017-2027. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Anti-Collision
Sensor Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2019 – 2027, taking into account 2018 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Anti-Collision Sensor Market is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Texas, NXP,ZF TRW among
others
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Anti-Collision Sensor caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Anti-Collision
Sensor Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Anti-Collision Sensor Market
v
Identification
of key factors driving investment opportunities in the Anti-Collision
Sensor Market
v
Facilitate decision-making
based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants