The global collision avoidance sensors market revenue is expected to expand at a lucrative CAGR over the forecast period. Increasing demand for the product from various end-use industries is expected to drive growth of the global collision avoidance sensors market over the forecast period. However, high cost of installation is expected to hamper growth of the global market.

Global collision avoidance sensors market is segmented on the basis of type, technology, application, and region.

On the basis of type, the global collision avoidance sensors market is segmented into adaptive cruise control (ACC), autonomous emergency braking (AEB), lane departure warning system (LDWS), parking assistance, and others (blind spot detection & night vision).

On the basis of technology, the global market is segmented into LiDAR, RADAR, Ultrasonic, and Camera.

On the basis of application, the global collision avoidance sensors market is segmented into automotive, aerospace & defense, marine, and rail.

On the basis of region, the global collision avoidance sensors market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

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Europe market is estimated to account for major share in the global collision avoidance sensors market in terms of revenue as compared to that of the markets in other region. This dominance of Europe market is expected to continue in the global market over the forecast period owing to inclining demand for sensors from various sectors, and presence of key manufacturers in countries in this region. Market in North America is estimated to account for a lucrative share in the global market in terms of revenue.

Key players operating in the global collision avoidance sensors market include Delphi Automotive LLP, Robert Bosch GmbH, DENSO CORPORATION, Autoliv Inc., Becker Mining Systems AG, Wabtec Corporation, Siemens AG, Rockwell Collins, Inc., Alstom SA, and General Electric Company.