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Europe Collision Avoidance and Object Detection Maritime Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Technology (LiDAR, Computer Vision, Radar, and Others), Application (Blind Spot Detection, Night Vision, and Others), and End User [(Unmanned Surface Vehicle, Ships, and Autonomous Underwater Vehicle (AUV)]
- Report Code : BMIRE00027644
- Pages : 134
The collision avoidance and object detection maritime market in Europe is expected to grow from US$ 133.80 million in 2022 to US$ 216.63 million by 2028. It is estimated to grow at a CAGR of 8.4% from 2022 to 2028.
Increasing Research on Autonomous Navigation Systems
The autonomous systems use sensor data for object detection, obstacle avoidance, mapping, localization, and other tasks. Autonomous navigation systems are also used for sensor fusion and testing for high-performance applications using multi-sensor systems, including navigation satellite system, inertial sensors, odometers, magnetometers, radars, LiDAR, cameras, barometers, maps, infrared, and ultrasound sensors. Also, the rise in adoption of autonomous ship navigation for commercialization purpose is further creating the demand for market growth. The system uses artificial intelligence to examine the surrounding environment, including weather and wave heights, to control the vessel’s steering commands and speed. Thus, the increase in development of technologies for increasing the safety in maritime industry is propelling the market growth. The increase in research studies and evolution of advanced technologies in navigation systems is further aiding the market growth over the forecast period. The usage of machine learning algorithms and automatic communication modules that are capable of developing and agreeing on maneuvers between autonomous vessels is accelerating the demand for collision avoidance system in the maritime industry. The growth prospects in research for autonomous navigation systems is expected to likely drive the market growth over the forecast period. The giant technology players such as Furuno Electric Co., Ltd. have significantly focused towards digital transformation in navigations systems such as AR navigation system using augmented reality technology, risk visualizer using advanced algorithm and analyzed numerous data samples, camera image recognition system using artificial intelligence technology and among other featured technologies. Thus, such developments in technology and ongoing research studies for introduction of advanced navigation system is driving the demand for collision avoidance and object detection systems in the marine industry which is driving the market growth over the projected period.
Market Overview
Europe boasts a prominent maritime industry due to the strong presence of industrial manufacturing and robust international trade activities from many countries throughout the year. The region’s strong economic status and technologically well-equipped infrastructure to handle large cargo fleets have significantly contributed to the rising adoption of collision avoidance and object detection systems in recent years. Presently, the shipping industries in the UK, France, Russia, Germany, and Italy are characterized by a large number of commercial and defense vessels, which form a significant share of the marine traffic in the region.
Europe Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)
Europe Collision Avoidance and Object Detection Maritime Market Segmentation
The Europe collision avoidance and object detection maritime market is segmented into by technology, application, end user, and country.
Based on technology, the market is segmented into LiDAR, computer vision, radar, and others. The radar segment held the largest market share in 2022. Based on application, the market is segmented into blind spot detection, night vision, and others. The others segment held the largest market share in 2022. Based on end user, the market is segmented into unmanned surface vehicle, ships, and autonomous underwater vehicle (AUV). The ships segment dominated the market share in 2022. Based on country, the market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Germany segment dominated the market share in 2022. Benewake (Beijing) Co Ltd; Orlaco Products BV; Raytheon Anschutz GmbH; Garmin Ltd; Sea Machines Robotics Inc.; Robopec SAS; Velodyne Lidar Inc.; Terma AS; Teledyne FLIR LLC; and Furuno Electric Co Ltd are the leading companies operating in the collision avoidance and object detection maritime market in the region.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Collision Avoidance and Object Detection Maritime Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Collision Avoidance and Object Detection Maritime Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Number of Ships and Boats
5.1.2 Increasing Research on Autonomous Navigation Systems
5.2 Market Restraints
5.2.1 Integration with Legacy Systems
5.3 Market Opportunities
5.3.1 Rising Demand for Personal Yachts and Recreational Boats
5.3.2 Growing Research on Military Applications of Unmanned Surface Vehicles and Autonomous Underwater Vehicles
5.4 Key Market Trends
5.4.1 Rapid Development of AI and ML Enabled Navigation Systems
5.4.2 Rising Popularity of Expedition Cruises
5.5 Impact Analysis of Drivers and Restraints
6. Collision Avoidance and Object Detection Maritime Market – Europe Market Analysis
6.1 Europe Collision Avoidance and Object Detection Maritime Market Overview
6.2 Europe Collision Avoidance and Object Detection Maritime Market Forecast and Analysis
7. Europe Collision Avoidance and Object Detection Maritime Market Analysis – By Technology
7.1 Overview
7.2 Europe Collision Avoidance and Object Detection Maritime Market, By Technology (2021 And 2028)
7.3 LiDAR
7.3.1 Overview
7.3.2 Europe LiDAR: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)
7.4 Computer Vision
7.4.1 Overview
7.4.2 Europe Computer Vision: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)
7.5 Radar
7.5.1 Overview
7.5.2 Europe Radar: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Europe Others: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)
8. Europe Collision Avoidance and Object Detection Maritime Market Analysis – By Application
8.1 Overview
8.2 Europe Collision Avoidance and Object Detection Maritime Market, By Application (2021 And 2028)
8.3 Blind Spot Detection
8.3.1 Overview
8.3.2 Europe Blind Spot Detection: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)
8.4 Night Vision
8.4.1 Overview
8.4.2 Europe Night Vision: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Europe Others: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)
9. Europe Collision Avoidance and Object Detection Maritime Market Analysis – By End user
9.1 Overview
9.2 Europe Collision Avoidance and Object Detection Maritime Market, By End user (2021 and 2028)
9.3 Unmanned Surface Vehicle
9.3.1 Overview
9.3.2 Europe Unmanned Surface Vehicle: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)
9.4 Ships
9.4.1 Overview
9.4.2 Ships: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)
9.5 Autonomous Underwater Vehicle (AUV)
9.5.1 Overview
9.5.2 Europe Autonomous Underwater Vehicle (AUV): Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)
10. Europe Collision Avoidance and Object Detection Maritime Market – Country Analysis
10.1 Europe: Collision Avoidance and Object Detection Maritime Market
10.1.1 Europe: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2 Europe: Collision Avoidance and Object Detection Maritime Market, by Key Country
10.1.2.1 Germany: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.1 Germany: Collision Avoidance and Object Detection Maritime Market, by Technology
10.1.2.1.2 Germany: Collision Avoidance and Object Detection Maritime Market, by Application
10.1.2.1.3 Germany: Collision Avoidance and Object Detection Maritime Market, by End User
10.1.2.2 France: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.2.1 France: Collision Avoidance and Object Detection Maritime Market, by Technology
10.1.2.2.2 France: Collision Avoidance and Object Detection Maritime Market, by Application
10.1.2.2.3 France: Collision Avoidance and Object Detection Maritime Market, by End User
10.1.2.3 Italy: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.3.1 Italy: Collision Avoidance and Object Detection Maritime Market, by Technology
10.1.2.3.2 Italy: Collision Avoidance and Object Detection Maritime Market, by Application
10.1.2.3.3 Italy: Collision Avoidance and Object Detection Maritime Market, by End User
10.1.2.4 UK: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.4.1 UK: Collision Avoidance and Object Detection Maritime Market, by Technology
10.1.2.4.2 UK: Collision Avoidance and Object Detection Maritime Market, by Application
10.1.2.4.3 UK: Collision Avoidance and Object Detection Maritime Market, by End User
10.1.2.5 Russia: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.5.1 Russia: Collision Avoidance and Object Detection Maritime Market, by Technology
10.1.2.5.2 Russia: Collision Avoidance and Object Detection Maritime Market, by Application
10.1.2.5.3 Russia: Collision Avoidance and Object Detection Maritime Market, by End User
10.1.2.6 Rest of Europe: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.6.1 Rest of Europe: Collision Avoidance and Object Detection Maritime Market, by Technology
10.1.2.6.2 Rest of Europe: Collision Avoidance and Object Detection Maritime Market, by Application
10.1.2.6.3 Rest of Europe: Collision Avoidance and Object Detection Maritime Market, by End User
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Benewake (Beijing) Co Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Orlaco Products BV
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Raytheon Anschutz GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Garmin Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Sea Machines Robotics Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Velodyne Lidar Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Terma AS
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Teledyne FLIR LLC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Furuno Electric Co Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 3. Europe: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 4. Europe: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 5. Europe: Collision Avoidance and Object Detection Maritime Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 7. Germany: Collision Avoidance and Object Detection Maritime Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 9. France: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 10. France: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 11. France: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 14. Italy: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 15. UK: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 16. UK: Collision Avoidance and Object Detection Maritime Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. UK: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 18. Russia: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 19. Russia: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Europe: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 24. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Collision Avoidance and Object Detection Maritime Market Segmentation
Figure 2. Europe Collision Avoidance and Object Detection Maritime Market Segmentation – By country
Figure 3. Europe Collision Avoidance and Object Detection Maritime Market Overview
Figure 4. Radar Segment held the Largest Share of Europe Collision Avoidance and Object Detection Maritime Market
Figure 5. UK to Show Great Traction During Forecast Period
Figure 6. Europe – PEST Analysis
Figure 7. Expert Opinion
Figure 8. Europe Collision Avoidance and Object Detection Maritime Market: Impact Analysis of Drivers and Restraints
Figure 9. Europe Collision Avoidance and Object Detection Maritime Market Forecast and Analysis (US$ Million)
Figure 10. Europe: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Technology (2021 & 2028)
Figure 11. Europe LiDAR: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Computer Vision: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Radar: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Others: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Application (2021 & 2028)
Figure 16. Europe Blind Spot Detection: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Night Vision: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Others: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe: Collision Avoidance and Object Detection Maritime Market Revenue Share, by End User (2021 & 2028)
Figure 20. Europe Unmanned Surface Vehicle: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Ships: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Autonomous Underwater Vehicle (AUV): Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Key Country (2021 & 2028)
Figure 25. Germany: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. France: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Italy: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. UK: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Russia: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of Europe: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe Collision Avoidance and Object Detection Maritime Market
● Highlights key business priorities in order to assist companies to realign their business strategies.
● The key findings and recommendations highlight crucial progressive industry trends in Europe Collision Avoidance and Object Detection Maritime Market, thereby allowing players across the value chain to develop effective long-term strategies.
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
● Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
● Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
● Benewake (Beijing) Co Ltd
● Orlaco Products BV
● Raytheon Anschutz GmbH
● Garmin Ltd
● Sea Machines Robotics Inc
● Robopec SAS
● Velodyne Lidar Inc
● Terma AS
● Teledyne FLIR LLC
● Furuno Electric Co Ltd
At 8.4% CAGR, the Europe Collision Avoidance and Object Detection Maritime Market is speculated to be worth US$ 216.63 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the Europe collision avoidance and object detection maritime market was valued at US$ 133.80 million in 2022 and is expected to reach US$ 216.63 million by 2028, registering a CAGR of 8.4% from 2022 to 2028. Rising number of ships and boats and increasing research on autonomous navigation systems drives the market growth are the critical factors attributed to the market expansion.
The increasing number of ships Europe is creating a potential market for safety systems in the maritime industry which is propelling the demand for collision avoidance and object detection systems. The rise in demand for collision avoidance and object detection is primarily attributed to increase in safety factors to warn or assist the drivers to avoid imminent collisions and reduce the risk of incidents. Thus, increase in number of ships could lead to increase in number of collision and accidents which is accelerating the demand for collision avoidance and object detection system in maritime industry. Thus, such growth prospects in transportation activities is increasing the number of ships which is creating the demand for collision avoidance and object detection systems which helps drive the market growth over the forecast period.
On the contrary, integration with legacy systems hampers market Europe collision avoidance and object detection maritime market.
Based on technology, the market is segmented into LiDAR, computer vision, radar, and others. The radar segment held 52.03% market share in 2022, amassing US$ 69.62 million. It is projected to garner US$ 112.04 million by 2028 to expand at 8.3% CAGR during 2022–2028. Based on application, the market is segmented into blind spot detection, night vision, and others. The others segment held 73.41% market share in 2022, amassing US$ 98.23 million. It is projected to garner US$ 156.08 million by 2028 to expand at 8.0% CAGR during 2022–2028. Based on end user, the market is segmented into unmanned surface vehicle, ships, and autonomous underwater vehicle (AUV). The ships segment held 88.65% market share in 2022, amassing US$ 118.62 million. It is projected to garner US$ 187.94 million by 2028 to expand at 8.0% CAGR during 2022–2028. Based on country, the Europe collision avoidance and object detection maritime market has been categorized into Germany, France, Italy, UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 30.87% market share in 2022. It was assessed at US$ 41.31 million in 2022 and is likely to hit US$ 68.85 million by 2028, exhibiting a CAGR of 8.9% during the forecast period. Key players dominating the Europe collision avoidance and object detection maritime market are Benewake (Beijing) Co Ltd; Orlaco Products BV; Raytheon Anschutz GmbH; Garmin Ltd; Sea Machines Robotics Inc.; Robopec SAS; Velodyne Lidar Inc.; Terma AS; Teledyne FLIR LLC; and Furuno Electric Co Ltd.
In ,2022; Benewake launches the incredibly affordable LIDAR device TF-LC02. It costs $9.9 and is ideal for various applications because of its small size, high performance, high accuracy, and low error. The TF-LCO2 is a LiDAR distance module with a built-in TDC (Time-to-Digital Converter) circuit and a high-precision ToF sensor. It is referred to as a “little giant” and is only the size of a thumb cap while providing exceptional performance. It can be used to make various electronic devices, including floor sweepers, robots, unmanned aerial vehicles, and smart home items. In,2022; Garmin International, Inc., a division of Garmin Ltd., announced its collaboration with Sea Tow Services, International, Inc., which will help them to provide franchise operators and members exclusive offers and product training aimed at improving boater safety. these Strategic alliance with leading international marine assistance provider would deliver members with Garmin safety-enhancing training and product discounts as well.
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