Anti-collision Sensor Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

Anti-collision Sensor Market size is witnessing considerable growth on account of growing intensity of traffic congestion, and 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, several governments are introducing regulatory policies that ensure better road safety through technology.
 

Several countries have mandated the incorporation of advanced driver assistance system (ADAS) and passenger safety systems in all new vehicle models entering the market. Subsequently, the use of anti-collision sensors has increased at a notable scale from these systems. Many other ADAS features such as automatic parking, lane assistance, and cruise control employ these sensors as well, making them integral to the anatomy of a modern vehicle.
 

Meanwhile, government agencies and industry players are also exploring the potential of leveraging the sensors and the connected car network to address traffic congestion in cities. The aim is to ease congestion by redirecting traffic to alternate routes. Growing advancements in sensor technologies such as radar, lidar, and others are further shaping the industry outlook towards this scenario. 
 

These developments, along with growing customer inclination towards more advanced features in their vehicles will contribute to industry growth. 
 

Based on technology, the anti-collision sensor market from the camera-based sensor systems segment is poised to witness notable growth by 2032. The better dependability and safety of camera-based sensor systems as compared to their counterparts such as laser, radar, and ultrasonic sensors in fostering the segment growth. 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 further.
 

Europe anti-collision sensor market is anticipated to register substantial gains by 2032. The strong presence of prominent industry players such as Robert Bosch GmbH, ZF Friedrichshafen, and carmakers such as Volkswagen, BMW, Mercedes-Benz Group AG, and Volvo among others is fueling regional revenue streams. Many of these automakers are regarded as premier vehicle brands that often drive innovation into the sector.
 

Meanwhile, regional growth 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.
 

Elsewhere in Europe, the potential economic value of self-driving vehicles offer is fostering the market scenario. In the UK, it is estimated that connected and automated vehicles are set to be worth £42 billion (USD 49 billion) by 2035. Over 40,000 skilled jobs are expected to be created in the connected and autonomous vehicle technology domain in coming years, strengthening the country’s economy, and consolidating its commitment to building back stronger and greener.
 

Some of the prominent players in anti-collision sensor market include Denso Corporation, ZF Friedrichshafen, Wadeco, Delphi Automotive, Yaskawa, Continental AG, and Robert Bosch GmbH, among others. Many are focusing on product innovations to expand their market hold in a rapidly growing market landscape.
 

Impact of Russia-Ukraine War on anti-collision sensor market

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, constraining industry growth. 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.
 

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