Anti-Collision Sensor Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2024 – 2032

Anti-Collision Sensor Market Size

Anti-Collision Sensor Market will witness considerable growth during 2032, driven by the growing traffic congestion, and increasing number of road accidents across the globe. As per the WHO, nearly 1.3 million fatalities are reported every year due to road traffic crashes and accidents. To address this challenge, the governments are introducing regulatory policies that ensure better road safety through technology.
 

Anti-Collision Sensor Market Trends

There is focus among government agencies and industry players to explore the potential of leveraging the sensors and the connected car network to address traffic congestion in cities. Growing advancements in sensor technologies such as radar and lidar, in consort with the growing customer inclination towards more advanced features in their vehicles will contribute to industry growth. 
 

The Russia-Ukraine war asserted a negative impact on automotive industry on account of upheavals in supply chains. The geopolitical tension has hampered the trade of auto parts and semiconductor materials used in the sensors. Both Russia and Ukraine have vast reserves of neon and palladium, two key raw materials used in the production of semiconductors. The longer the conflict stretches, the farther the already crippling semiconductor shortage is likely to last. This will create challenges for anti-collision sensor industry players, hampering the overall growth.
 

Anti-Collision Sensor Market Analysis

Based on technology, camera-based sensor systems segment is poised to witness notable growth through 2032, propelled by their better dependability and safety as compared to their counterparts such as laser and ultrasonic sensors. Automobile manufacturers are also working on leveraging camera sensors to offer multiple features such as parking assistance, ADAS, and lane assistance among others, bolstering segment expansion.
 

The blind spot monitor application segment will bolster the product demand over the forecast period. By providing real-time alerts to drivers about objects or vehicles in their blind spots, these sensors significantly enhance safety and reduce the risk of collisions. Additionally, the growing consumer awareness about the benefits of advanced driver assistance systems (ADAS) and the increasing mandate for such safety technologies in new vehicles further accelerates the adoption of anti-collision sensors.
 

Europe anti-collision sensor market is anticipated to register substantial gains over 2024 and 2032, driven by the strong presence of prominent carmakers such as Volkswagen, BMW, Mercedes-Benz Group AG, and Volvo in the region. The industry is also driven by the region’s strict road safety norms and its openness to incorporating autonomous mobility. The European Commission recently introduced novel road safety guidelines as part of the 2021-2030 policy framework, which mandates the use of reversing cameras, reverse detection sensors, smart speed assistance systems, and other advanced technologies in vehicles. Moreover, the rising popularity of self-driving vehicles offer is fostering the market scenario.
 

Anti-Collision Sensor Market Share

Some of the prominent players in market include:

• Robert Bosch GmbH
• Denso Corporation
• ZF Friedrichshafen
• Delphi Automotive
• Yaskawa
• Continental AG
• Wadeco

Many are focusing on product innovations as well as leveraging partnership opportunities to expand their market hold.  
 

Anti-Collision Sensor Industry News

• In September 2023, Google Cloud and technology company Continental announced a strategic partnership to offer innovative, flexible, and future-oriented digital solutions for the automotive industry.