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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.
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.
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.
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: -
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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by technology
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key recommendations for vendors and investors
PART 15: Appendix
PART 16: Explore Technavio
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