Semiconductor

  Market Analysis Market Research Future (MRFR) presumes the global collision avoidance sensors market size to hit USD 15 billion at a CAGR of 22% from 2020 to 2027 (forecast period). Multiple Factors to Bolster Market Growth The number of road accidents has been steadily increasing, resulting in fatalities, vehicle damage, and traffic jams. Although the use of autonomous vehicles is increasing in industrial applications such as moving goods or parts on preset paths, the risk of colliding with people or objects is significant. When such vehicles are outfitted with collision detection or avoidance sensors, they can come to a complete stop before an accident happens. To avoid accidents, major automakers have begun to incorporate collision avoidance sensors into their mass-market product offerings. Toyota Motor Corporation, for example, incorporates innovative technologies in their vehicles to avoid accidents, such as a pre-crash braking system, auto-parking, auto-adjust headlamps, an...

  Market Research Future published a research report on “Collision Avoidance Sensors Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027. Market Scenario  As per the research by Market Research Future Reports (MRFR), the global collision avoidance sensors market is estimated to value USD 15, thriving at a CAGR of 22% during the review period. The integration of collision avoidance sensors in vehicles to avoid accidents is the major factor driving the global collision avoidance sensors market 2020. Several companies are incorporating the sensors into their industrial production processes to avoid accidents and provide efficiency. Also, the development of a 360-degree surveillance system is estimated to present opportunities for market expansion. Moreover, there has been a surge in demand for drones with obstacle detection sensors in professional sectors and consumer sectors, which enhances the market growth....

  Market Research Future published a research report on “Collision Avoidance Sensors Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027. Market Scenario  As per the research by Market Research Future Reports (MRFR), the global collision avoidance sensors market is estimated to value USD 15, thriving at a CAGR of 22% during the review period. The integration of collision avoidance sensors in vehicles to avoid accidents is the major factor driving the global collision avoidance sensors market 2020. Several companies are incorporating the sensors into their industrial production processes to avoid accidents and provide efficiency. Also, the development of a 360-degree surveillance system is estimated to present opportunities for market expansion. Moreover, there has been a surge in demand for drones with obstacle detection sensors in professional sectors and consumer sectors, which enhances the market growth....