Automotive Radar Market Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2026

The Automotive Radar Market is anticipated to reach $15,658.6 million by 2026 according to a new research published by The marker research report. In 2017, the adaptive cruise control application dominated the global market, in terms of revenue. In 2017, Europe accounted for the majority share in the global Automotive Radar market.

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The expanding global automotive industry, along with increasing popularity of autonomous vehicles majorly drives the market growth. Higher frequency radar systems are being used in vehicles owing to their improved performance, increased reliability, and higher accuracy. The adoption of automotive radar systems has increased significantly owing to increasing road traffic, growing incidences of road accidents, and growing need to improve road safety. Other factors driving the market growth include growing disposable income, technological advancements, and changing lifestyles. New emerging markets, emerging consumer demographics, and stringent government regulations would provide growth opportunities for Automotive Radar market in the coming years.

The well-known companies profiled in the report include Delphi Automotive PLC, Denso Corporation, Continental AG, Infineon Technologies AG, Analog Devices, Inc, ZF Friedrichshafen AG, Robert Bosch GmbH, NXP Semiconductors, Texas Instruments Incorporated, Autoliv Inc., and Hella KGaA Hueck & Co among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Automotive radars use 76 GHz to 81 GHz technology platform for easier development and use of individual sensors for multiple purposes. Use of wider bandwidth provides higher resolution and enhanced object recognition. The 79 GHz project founded by the European Commission aims to speed up global agreement to use the 79 GHz band for vehicular radars. The Russian Federation, Ukraine, Turkey and the Balkan region have approved the use of the 79 GHz band for automotive high-resolution short range radars.

In 2017, Europe accounted for the highest share in the global Automotive Radar market. Established automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The introduction of stringent government regulations for vehicular and road safety accelerates the adoption of automotive radars. Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, leading to rising living standards and high disposable income. Expansion of global players into these countries to tap market potential boosts the market growth.

What will you get in this report?

• An exhaustive analysis of the global Automotive Radar market with detailed studies on different topics that will help key players to create effective development strategies and strengthen a strong position in the Automotive Radar industry.

• It gives a complete mapping of the behaviors of Automotive Radar market contributors and the vendor landscape. Existing companies could use the report to prepare themselves well to face future market challenges and strongly compete in the global Automotive Radar market.

• Also, the analysts have provided a thorough assessment of the impact of these strategies on Automotive Radar market growth and competition and many more

• A competitive portfolio of Automotive Radar market in the different regions including their growth factors, pitfall challenges, investment structure, advancement in all aspects, customer base etc.

Read Full Report at: https://www.marketstudyreport.com/reports/global-automotive-radar-market-by-range-short-range-medium-range-long-range-by-vehicle-type-passenger-vehicles-commercial-vehicles-by-sales-channel-oem-aftermarket-by-frequency-2x-ghz-radar-systems-7x-ghz-radar-systems-by-application-blind-spot-detection-adaptive-cruise-control-intelligent-parking-assistance-autonomous-emergency-braking-others-by-region-market-size-forecast-2017-2026

A Pin-point overview of TOC of Automotive Radar Market are:

Overview and Scope of Automotive Radar Market

• Research goal & scope

• Research assumptions

• Research Methodology

• Key take-away

• Stakeholders

• Market Segmentation

Automotive Radar Market Insights

• Industry snapshot

• Regulatory Framework

• Automotive Radar Market Dynamics

• Automotive Radar Market Forces

• Automotive Radar Market Driver Analysis

• Automotive Radar Market Restraint/Challenges analysis

• Automotive Radar Market Opportunity Analysis

• Factors Influencing Development of Automotive Radar Market

• Driving Forces and Market Opportunities

• Threats and Challenges in Automotive Radar industry

• Forecast on Automotive Radar Market Size

• Forecast on Automotive Radar Market Trend

Industry analysis – Porter’s Five Force

• Automotive Radar Market PEST Analysis

• Automotive Radar Market Value Chain Analysis

• Automotive Radar Industry Trends

• Company Market Share Analysis

Company Profiles

• Overview

• Product Benchmarking

• Recent Developments and Technological Advancement

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COMTEX_375036240/2599/2020-11-25T22:46:23

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