Global Anti-Collision Sensors Market 2016-2020
Market outlook of the anti-collision sensors market
Technavio’s research analyst predicts the global anti-collision sensors market to grow steadily at a CAGR of 17% during the forecast period. The growing concerns over the number of vehicular accidents and the increasing number of vehicles that are on roads today have necessitated the need for safety systems that aid in reducing accidents. Until recently, anti-collision sensors were being installed in vehicles as a luxury product offering. However, in the last few years, the installation of these sensors have increased considerably, and these are slated to become a standard product in almost all vehicles shortly.
The market is also witnessing a growing environment of legislation and consumer awareness campaigns on automotive safety. For instance, the Global New Car Assessment Program (Global NCAP) is just one such campaign that is likely to help expand the global anti-collision sensors market. Global NCAP demands for integration of minimum vehicle safety standards for crash protection, thus further advocates the installation of these sensors.
Technology segmentation and analysis of the anti-collision sensors market
Radar technology is likely to dominate the market by the end of 2015 with a market share of close to 42%. Due to an increase in the number of road accidents, governments in many countries such as the UK and the US have introduced stringent safety regulations that require the installation of radar sensors in automobiles.
Geographical segmentation and analysis of the anti-collision sensors market
- North America
By the end of 2015, Europe is expected to be the major revenue contributor to the global anti-collision sensors market. This is due to the rising demand for anti-collision sensors from local automakers such as Audi, BMW, Mercedes-Benz, and Volkswagen. This trend is likely to be followed by other automakers too, and it is likely to accelerate the market demand over the next four years.
Competitive landscape and key vendors
The global anti-collision sensors market is fragmented because of the presence of numerous small and large vendors. However, the market still attracts a number of new vendors which is an indication of the tremendous potential this market exhibits.
The leading vendors in the market are: -
- Continental AG
- Delphi Automotive
- TRW Automotive
Other prominent vendors in the market include Analog Devices, Autoliv, Freescale Semiconductor, Hella Kgaa Hueck, Hyundai Mobis, Infineon Technologies, Mobileye N.V., Murata Manufacturing, OmniVision Technologies, Panasonic Corporation, Quanergy Systems, Sensata Technologies, and Texas Instruments.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global anti-collision sensors market?
- What are the key market trends impacting the growth of the anti-collision sensors market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global anti-collision sensors market?
- What are the trending factors influencing the market shares of APAC, Europe, and North America?
- What are the key outcomes of the five forces analysis of the anti-collision sensors market?
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