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Collision Avoidance Sensors Market Share, Analysis, Trends To 2020 by Grand View Research, Inc.

Collision Avoidance Sensors Market Share, Analysis, Trends To 2020 by Grand View Research, Inc.

The global collision avoidance sensors market is expected to reach USD 10.01 billion by 2020, according to a new study by Grand View Research, Inc. Updated ratings of safety agencies and incorporation of anti-collision sensors in mass-market models is expected to propel market growth over the next six years. Increasing awareness among consumers and extensive R&D by market players has fueled market growth. Collision avoidance sensors enable vehicles to carry out semi-autonomous and autonomous decision making. Rising need for security from consumers and governments is also expected to drive collision avoidance sensors market growth.

 

To request a sample copy or view summary of this report, click the link below:

http://www.grandviewresearch.com/industry-analysis/collision-sensors-market

 

Recent developments in sensor technology are oriented towards making devices more sophisticated and augmenting them with various parts of an automobile. Anti-collision sensors enable automotive OEMs to integrate more intelligence in order to achieve the goal of an autonomous car. Strict legal and regulatory standards have mandated inclusion of sensors in motor vehicles; this is further estimated to drive the collision avoidance sensors market. However, high cost of long-range radar and LiDAR-based sensors may restrain market growth as low-price carmakers may abstain from adding onto the cost of vehicles.

 

To request or view other reports of this category, click the link below:

http://www.grandviewresearch.com/industry/sensors-and-controls

 

 

About Grand View Research

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.

For more information, visit http://www.grandviewresearch.com/

 

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Phone: 1-415-349-0058

Email:  sales@grandviewresearch.com

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