Automotive Radar Market size is valued at US$ 3.45 Bn in 2018 and expected to grow at a CAGR of XX % in the forecasting period.
Automotive radars are used to locate objects like vehicles and pedestrians in the area of the car. It consist of a transmitter, which sends out radio waves to the receiver and the receiver regulates the movement or the track of the car.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
An increase in focus on vehicle safety systems is the one of the key drivers in the global automotive radar market. The rise in the number of road accidents and requirement for safer mobility are some of the prominent drivers behind the growth of the global automotive radar market.
On the other hand, at high frequencies, the signal loss is also significantly high, which is difficult to implement radar-based safety systems are expected to limit the growth in the global automotive radar market.
Adaptive cruise control system is expected to share significant growth in the global automotive radar market. The growth in the market is attributed to its benefits of the system in vehicle safety, increased autonomous level etc.
The 7X-GHz RADAR sensor is expected to grow at a XX % rate of CAGR during the forecast period. The growth in the market can be attributed to the advantages offered by these sensors in numerous ADAS applications. 7X-GHz RADAR sensors are extensively used in adaptive cruise control, emergency braking system and collision avoidance system. The demand for these technologies are increasing because of the its better resolution and range capability.
The Asia Pacific is projected to be leading region in the global automotive radar market. OEMs are focusing on the production of the next-generation solutions to make transport more comfortable and efficient, which is expected to drive the growth automotive radar market in the region. An increase in the adoption of sensor-based technologies are expected to boost the market growth in the global automotive radar market.
The objective of the report is to present a comprehensive analysis of Global Automotive Radar Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report.
External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Automotive Radar Market dynamics, structure by analysing the market segments and project the Global Automotive Radar Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automotive Radar Market make the report investor’s guide.
The scope of the report for Global Automotive Radar Market
Global Automotive Radar Market, By Frequency Type
Global Automotive Radar Market, By Range Type
Long Range Radar
Short & Medium Range Radar
Global Automotive Radar Market, By Vehicle Type
Economic Passenger Vehicle
Luxury Passenger Vehicle
Mid-Price Passenger Vehicle
Global Automotive Radar Market, By Application
Adaptive Cruise Control (ACC)
Blind Spot Detection (BSD)
Lane Departure Warning System (LDWS)
Parking Assistance (PA)
Forward Collision Warning System (FCWS)
Global Automotive Radar Market, By Geography
• North America
• Middle East & Africa
• Latin America
Key Players operating in the Global Automotive Radar Market
• ZF TRW
• Texas Instruments
• Robert Bosch
• Denso Corporation
• Delphi LLP
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