Press release
Automotive Radar Market By Technology, Application & Forecast, 2017 – 2024
Automotive Radar Market is anticipated to cross USD 8.5 billion 2024. Government initiatives to incorporate safety and security systems in the vehicles and demand for luxury vehicles are driving the automotive radar market.
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Increasing adoption of advanced driver assistance systems (ADAS) will favor the industry demand over the forecast timeline. Regulatory authorities are mandating automatic emergency braking (AEB) and anti-lock braking systems features as standard for all the vehicle segments. Introduction of autonomous and connected cars is increasing the requirement of sensors which will fuel the automotive radar market share.
High cost of technology is restricting the adoption in small & medium d vehicles. Difficulty in data integration in semi-urban and rural areas is hindering the industry growth. Integrating advanced technology in cars increase the cost for both manufacturers and consumers. Small automotive industry is characterized by mass production. Consumer’s unwillingness to pay for increased cost due to addition of ADAS and other technologies is limiting the adoption rate.
Stringent regulations for driver safety in developing countries and increasing demand for electric vehicles provides growth opportunities to develop next generation cars. Increasing adoption of autonomous and connected car will boost the automotive radar market.
Growth in Asia pacific is led by countries such as India and China owing to increase in the manufacturing and sales of the vehicles in the region. China is expected to acquire about 45% share of the total Asia Pacific region. Europe automotive radar Market will exhibit increased adoption with maximum contribution by Germany owing to presence of majority of vehicle manufacturers in the region.
North America is estimated to acquire substantial share owing to high adoption rate of advanced technology product and manufacturing facilities of established automobile companies in the region. Initiative taken by Federal Motor Carrier Safety Administration (FMCSA) to reduce occurrence of accidents of commercial motor vehicles is driving the demand for safety features in cars. It aims to facilitate, evaluate and test the on-board safety applications in co-ordination with the truck industry.
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Some of the players in the automotive radar market are ZF TRW automotive, Infineon, Texas instruments, Delphi automotive, Autoliv, Fujitsu, Hella and Valeo. To enhance effectiveness and manufacturing flexibility, the manufactures are establishing relationships with numerous semiconductor companies, test & assembly subcontractors. Frequent mergers & acquisitions and investing in next generation technology development are also among the prominent steps taken by the industry participants.
Chapter 4 Automotive Radar Application Insights
4.1 Global automotive radar market share by application, 2015 & 2024
4.2 Adaptive Cruise Control (ACC)
4.2.1 ACC market estimates and forecast, 2013 - 2024
4.2.2 ACC market estimates and forecast, by region, 2013 - 2024
4.3 Blind Spot Detection (BSD)
4.3.1 BSD market estimates and forecast, 2013 - 2024
4.4 Forward Collision Warning System (FCWS)
4.4.1 FCWS market estimates and forecast, 2013 - 2024
4.4.2 FCWS market estimates and forecast, by region, 2013 - 2024
4.5 Lane Departure Warning System (LDWS)
4.5.1 LDWS market estimates and forecast, 2013 - 2024
4.5.2 LDWS market estimates and forecast, by region, 2013 - 2024
4.6 Parking Assistance (PA)
4.6.1 PA market estimates and forecast, 2013 - 2024
4.6.2 PA market estimates and forecast, by region, 2013 - 2024
Chapter 5 Automotive Radar Regional Insights
5.1 Global automotive radar market share by region, 2015 & 2024
5.2 North America
5.2.1 North America automotive radar market, 2013 - 2024
5.2.2 North America market estimates and forecast, by application, 2013 - 2024
5.2.3 U.S.
5.2.3.1 U.S. automotive radar market, 2013 – 2024
5.2.3.2 U.S. automotive radar market by application, 2013 - 2024
5.3 Europe
5.3.1 Europe automotive radar market, 2013 - 2024
5.3.2 Europe market estimates and forecast, by application, 2013 - 2024
5.3.3 Germany
5.3.3.1 Germany automotive radar market, 2013 – 2024
5.3.3.2 Germany automotive radar market by application, 2013 - 2024
5.3.4 France
5.3.4.1 France automotive radar market, 2013 – 2024
5.3.4.2 France automotive radar market by application, 2013 - 2024
5.4 Asia Pacific
5.4.1 Asia Pacific automotive radar market, 2013 - 2024
5.4.2 Asia Pacific market estimates and forecast, by application, 2013 - 2024
5.4.3 China
5.4.3.1 China automotive radar market, 2013 – 2024
5.4.3.2 China automotive radar market by application, 2013 - 2024
5.4.4 Japan
5.4.4.1 Japan automotive radar market, 2013 – 2024
5.4.4.2 Japan automotive radar market by application, 2013 - 2024
5.5 Latin America
5.5.1 Latin America automotive radar market, 2013 - 2024
5.5.2 Latin America market estimates and forecast, by application, 2013 - 2024
5.5.3 Brazil
5.5.3.1 Brazil automotive radar market, 2013 – 2024
5.5.3.2 Brazil automotive radar market by application, 2013 - 2024
5.6 MEA
5.6.1 MEA automotive radar market, 2013 - 2024
5.6.2 MEA market estimates and forecast, by application, 2013 - 2024
Browse Full TOC @ https://www.gminsights.com/toc/detail/automotive-radar-market
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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