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Collision Avoidance Sensor Market Trends

  • Report ID: GMI11026
  • Published Date: Aug 2024
  • Report Format: PDF

Collision Avoidance Sensor Market Trends

One of the latest trends in the collision avoidance sensor industry is the integration of AI and Machine Learning (ML) technologies. These advancements are enhancing the capabilities of collision avoidance systems by improving object detection, classification, and response accuracy. AI-driven algorithms enable sensors to better interpret complex environments, such as distinguishing between various types of obstacles and predicting potential collision scenarios with greater precision. This trend is contributing to more reliable & adaptive collision avoidance systems, particularly in autonomous vehicles and advanced industrial applications.
 

Another trend is miniaturization and increased versatility of collision avoidance sensors. Manufacturers are developing increasingly compact sensors that can be easily integrated into a variety of environments, from vehicles to industrial machinery. These smaller & more adaptable sensors maintain high performance levels while offering flexibility in installation, making them suitable for confined spaces and diverse applications. This trend is driving the adoption of collision avoidance technology in new sectors and facilitating its integration into a broader range of systems and devices.
 

For instance, in January 2023, researchers at Pennsylvania State University developed a bioinspired collision avoidance sensor modeled after insect neural circuits. This compact & energy-efficient sensor measures distances based on headlights' intensity, offering a simpler and more power-efficient alternative to radar and LiDAR systems. It can predict collisions 2-3 seconds in advance, potentially enhancing autonomous vehicle safety.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The industry size for collision avoidance sensor was USD 5.83 billion in 2023 and is expected to grow at over 18% CAGR between 2024 and 2032 due to continuous technological advancements. Innovations in sensor technology, such as the integration of radar, LiDAR, and camera-based systems.

The adaptive cruise control (ACC) application segment in the collision avoidance sensor industry is expected to record over USD 5 billion by 2032 due to strong consumer demand for safety features.

North America industry size recorded over 35% share in 2023 due to strong emphasis on vehicle safety standards.

Analog Devices, Inc., Continental AG, Denso Corporation, Murata Manufacturing Co., Ltd., Robert Bosch GmbH, Texas Instruments Inc., and ZF Friedrichshafen AG.

Collision Avoidance Sensor Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 460
  • Countries covered: 22
  • Pages: 210
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