Asia Pacific Collision Avoidance and Object Detection Maritime Market Forecast to 2028

Asia Pacific 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 : BMIRE00027626 | Region : Asia Pacific | Industry : Electronics and Semiconductor | Published Date : 16/Dec/2022

The collision avoidance and object detection maritime market in Asia Pacific is expected to grow from US$ 159.41 million in 2022 to US$ 269.10 million by 2028. It is estimated to grow at a CAGR of 9.1% from 2022 to 2028.

Increasing Research on Autonomous Navigation Systems

The demand for collision avoidance systems is increasing with the rising number of leisure boats and water sport events. Elevating disposable incomes, and the indulgence of masses in sports, fishing, and other recreational water activities are a few of the factors contributing to the demand for personal yachts and recreational boats. The demand for personal yachts has surged notably in the post-pandemic period with a rise in the number of travellers. Hence, such instance, necessitates the usage of safety systems in marine industry. Therefore, the growing demand for personal yachts and recreational boats is anticipated to offer lucrative growth opportunities for collision avoidance and object detection systems in the coming years.

Market Overview

India, China, Japan, Australia, and South Korea are significant contributors to the ongoing technological innovations in APAC. Rapid technological advancements, government initiatives, economic digitization, and a rise in industrialization are among the factors propelling the region's overall economic growth, gradually driving it from a developing to a developed stage. Marine transportation activities are also growing at a significant pace. According to the United Nations Conference on Trade and Development (UNCTAD), Asia holds a ~41% share of Asia Pacific maritime trade. The volume loaded and discharged at Asian ports made it a larger seafarer supply region Asia Pacific. Such strong penetration of marine transportation in the region has significantly contributed to the rising adoption of advanced maritime safety systems. Thus, the demand for collision avoidance and object detection system is rising at a considerable growth rate in the region. Collision avoidance and object detection system is a prominent industry solution to avoid collisions and manage maritime operations safely, bolstering the market growth.

Asia Pacific Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Collision Avoidance and Object Detection Maritime Market Segmentation

The Asia Pacific collision avoidance and object detection maritime market is segmented into 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 Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the market share in 2022. Benewake (Beijing) Co Ltd; Orlaco Products BV; Raytheon Anschutz GmbH; Garmin Ltd; Sea Machines Robotics Inc.; 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.

At 9.1% CAGR, the Asia Pacific Collision Avoidance and Object Detection Maritime Market is speculated to be worth US$ 269.10 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the Asia Pacific collision avoidance and object detection maritime market was valued at US$ 159.41 million in 2022 and is expected to reach US$ 269.10 million by 2028, registering a CAGR of 9.1% 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 Asia Pacific 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 are 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 Asia Pacific 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 52.22% market share in 2022, amassing US$ 83.25 million. It is projected to garner US$ 139.56 million by 2028 to expand at 9.0% CAGR during 2022–2028. Based on application, the market is segmented into blind spot detection, night vision, and others. The others segment held 74.40% market share in 2022, amassing US$ 118.59 million. It is projected to garner US$ 196.20 million by 2028 to expand at 8.8% 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 90.18% market share in 2022, amassing US$ 143.75 million. It is projected to garner US$ 237.07 million by 2028 to expand at 8.7% CAGR during 2022–2028. Based on country, the Asia Pacific collision avoidance and object detection maritime market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 29.17% market share in 2022. It was assessed at US$ 46.50 million in 2022 and is likely to hit US$ 84.23 million by 2028, exhibiting a CAGR of 10.4% during the forecast period. Key players dominating the Asia Pacific collision avoidance and object detection maritime market are Benewake (Beijing) Co Ltd; Orlaco Products BV; Raytheon Anschutz GmbH; Garmin Ltd; Sea Machines Robotics Inc.; 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.

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. Asia Pacific Collision Avoidance and Object Detection Maritime Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 Asia Pacific

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Asia Pacific 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 – Asia Pacific Market Analysis

6.1 Asia Pacific Collision Avoidance and Object Detection Maritime Market Overview

6.2 Asia Pacific Collision Avoidance and Object Detection Maritime Market Forecast and Analysis

7. Asia Pacific Collision Avoidance and Object Detection Maritime Market Analysis – By Technology

7.1 Overview

7.2 Asia Pacific Collision Avoidance and Object Detection Maritime Market, By Technology (2021 And 2028)

7.3 LiDAR

7.3.1 Overview

7.3.2 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific Others: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)

8. Asia Pacific Collision Avoidance and Object Detection Maritime Market Analysis – By Application

8.1 Overview

8.2 Asia Pacific Collision Avoidance and Object Detection Maritime Market, By Application (2021 And 2028)

8.3 Blind Spot Detection

8.3.1 Overview

8.3.2 Asia Pacific 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 Asia Pacific 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 Asia Pacific Others: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)

9. Asia Pacific Collision Avoidance and Object Detection Maritime Market Analysis – By End user

9.1 Overview

9.2 Asia Pacific 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 Asia Pacific 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 Asia Pacific Autonomous Underwater Vehicle (AUV): Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)

10. Asia Pacific Collision Avoidance and Object Detection Maritime Market – Country Analysis

10.1 APAC: Collision Avoidance and Object Detection Maritime Market

10.1.1 APAC: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2 APAC: Collision Avoidance and Object Detection Maritime Market, by Key Country

10.1.2.1 Australia: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.1.1 Australia: Collision Avoidance and Object Detection Maritime Market, by Technology

10.1.2.1.2 Australia: Collision Avoidance and Object Detection Maritime Market, by Application

10.1.2.1.3 Australia: Collision Avoidance and Object Detection Maritime Market, by End User

10.1.2.2 China: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.2.1 China: Collision Avoidance and Object Detection Maritime Market, by Technology

10.1.2.2.2 China: Collision Avoidance and Object Detection Maritime Market, by Application

10.1.2.2.3 China: Collision Avoidance and Object Detection Maritime Market, by End User

10.1.2.3 India: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.3.1 India: Collision Avoidance and Object Detection Maritime Market, by Technology

10.1.2.3.2 India: Collision Avoidance and Object Detection Maritime Market, by Application

10.1.2.3.3 India: Collision Avoidance and Object Detection Maritime Market, by End User

10.1.2.4 Japan: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.4.1 Japan: Collision Avoidance and Object Detection Maritime Market, by Technology

10.1.2.4.2 Japan: Collision Avoidance and Object Detection Maritime Market, by Application

10.1.2.4.3 Japan: Collision Avoidance and Object Detection Maritime Market, by End User

10.1.2.5 South Korea: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.5.1 South Korea: Collision Avoidance and Object Detection Maritime Market, by Technology

10.1.2.5.2 South Korea: Collision Avoidance and Object Detection Maritime Market, by Application

10.1.2.5.3 South Korea: Collision Avoidance and Object Detection Maritime Market, by End User

10.1.2.6 Rest of Asia Pacific: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.6.1 Rest of Asia Pacific: Collision Avoidance and Object Detection Maritime Market, by Technology

10.1.2.6.2 Rest of Asia Pacific: Collision Avoidance and Object Detection Maritime Market, by Application

10.1.2.6.3 Rest of Asia Pacific: 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. Asia Pacific Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. APAC: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 3. APAC: Collision Avoidance and Object Detection Maritime Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4. APAC: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 5. APAC: Collision Avoidance and Object Detection Maritime Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 6. Australia: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 7. Australia: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 8. Australia: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 9. China: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 10. China: Collision Avoidance and Object Detection Maritime Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 11. China: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 12. India: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 13. India: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 14. India: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 15. Japan: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 16. Japan: Collision Avoidance and Object Detection Maritime Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 17. Japan: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 18. South Korea: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 19. South Korea: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 20. South Korea: Collision Avoidance and Object Detection Maritime Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 21. Rest of Asia Pacific: Collision Avoidance and Object Detection Maritime Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 22. Rest of Asia Pacific: Collision Avoidance and Object Detection Maritime Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 23. Rest of Asia Pacific: 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. Asia Pacific Collision Avoidance and Object Detection Maritime Market Segmentation

Figure 2. Asia Pacific Collision Avoidance and Object Detection Maritime Market Segmentation – By country

Figure 3. Asia Pacific Collision Avoidance and Object Detection Maritime Market Overview

Figure 4. LiDAR Segment held the Largest Share of Asia Pacific Collision Avoidance and Object Detection Maritime Market

Figure 5. China to Show Great Traction During Forecast Period

Figure 6. Asia Pacific– PEST Analysis

Figure 7. Expert Opinion

Figure 8. Asia Pacific Collision Avoidance and Object Detection Maritime Market: Impact Analysis of Drivers and Restraints

Figure 9. Asia Pacific Collision Avoidance and Object Detection Maritime Market Forecast and Analysis (US$ Million)

Figure 10. APAC: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Technology (2021 & 2028)

Figure 11. Asia Pacific LiDAR: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Figure 12. Asia Pacific Computer Vision: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Figure 13. Asia Pacific Radar: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Figure 14. Asia Pacific Others: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Figure 15. APAC: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Application (2021 & 2028)

Figure 16. Asia Pacific Blind Spot Detection: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Figure 17. Asia Pacific Night Vision: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Figure 18. Asia Pacific Others: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Figure 19. APAC: Collision Avoidance and Object Detection Maritime Market Revenue Share, by End User (2021 & 2028)

Figure 20. Asia Pacific 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. Asia Pacific Autonomous Underwater Vehicle (AUV): Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

Figure 23. APAC: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. APAC: Collision Avoidance and Object Detection Maritime Market Revenue Share, by Key Country (2021 & 2028)

Figure 25. Australia: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. China: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. India: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Japan: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. South Korea: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Rest of Asia Pacific: Collision Avoidance and Object Detection Maritime Market – Revenue and Forecast to 2028 (US$ Million)

● Benewake (Beijing) Co Ltd

● Orlaco Products BV

● Raytheon Anschutz GmbH

● Garmin Ltd

● Sea Machines Robotics Inc

● Velodyne Lidar Inc

● Terma AS

● Teledyne FLIR LLC

● Furuno Electric Co Ltd

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific 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 Asia Pacific 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 Asia Pacific 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.

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