With more emphasis put on vehicular safety, anti-collision sensors are expected to be manufactured in higher numbers by companies around the world, observes TMR in a recent report. With regards to the competitive landscape, companies manufacturing and selling anti-collision sensors are anticipated to continue their dominance from a global perspective. Most of the leading vendors have a lot of experience in this sector, which is expected to be advantageous for their growth. Few competitors in this market are: Continental A.G. Corporation, ZF Friedrichshafen, Denso Corporation, and Robert Bosch GmbH, amongst others. These businesses mainly have a good reach in the global automotive industry.

From a global perspective, the revenue of the anti-collision sensor market forecasted to rise at a CAGR of 19.8% from 2016 to 2024. This market was valued at US$4.36 bn in 2016, which is further expected to be least US$18.54 bn by 2024.

PDF Brochure For Future Advancements @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=19208

Radar Sensors Hold the Highest Ground as a Leading Segment

The global anti-collision market is mainly divided into radar, ultrasonic, LiDAR, and camera segments. Of all these types, radar sensors are considered as the leading segment with large market shares. Forecasts for these sensors are great, indicating that this segment may continue hold its top spot. Radar sensors coupled with camera sensor modules are also expected to retain a good market share over the forecast period. Europe has the leading edge with respect to the market share, especially due to a large number of high-end vehicles being used in many European countries, from a regional perspective. Apart from Europe, the Asia-Pacific region is expected to showcase a significant rise in the anti-collision sensor market in the future.

Download Table Of Content @ https://www.transparencymarketresearch.com/report-toc/19208