Automotive Radar Sensors Market to Observe Strong Development of 18.9% CAGR by 2026 | Global Key Players – Autoliv, Continental, Delphi Automotive, DENSO, HELLA, InnoSenT, Robert Bosch GmbH

Marketprognosis.com Publish a New Market Research Report On “Automotive Radar Sensors - Global Market Outlook (2017-2026)” which contains global key player’s survey information and forecast to 2026.

Overview of the Global Automotive Radar Sensors Market:

The Global Automotive radar sensors Market is expected to grow at a CAGR of 18.9% during the forecast period. Increase in number of RADAR sensors used per vehicle, rising government regulations for vehicle safety and increase in adoption of ADAS technology by OEMS and increased demand for premium segment vehicles are some of the key driving factors. However, the high cost of radar sensors and the corresponding technology is one of the key restraints of the market.

Automotive radars are driver assistance systems that use sensors to detect the speed and range of objects in proximity of the vehicle. It is a core sensor (range, speed) of driver assistance systems: long range (LRR) for Adaptive Cruise Control, medium range (MRR) for cross traffic alert and lane change assist, short-range (SRR) for parking aid, obstacle/pedestrian detection. A key component of ADAS is radar systems that constantly sense the distance between vehicles in real-time, improving driving efficiency and safety.

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Based on Application, Intelligent Parking Assistant segment is held significant during the growth of the forecast period. Vehicle equipped with the intelligent parking assist system(IPAS) in-dash screen and button controls, the car can steer itself into a parking space with little input from the user. It has several outstanding characteristics, such as intelligent prompts for parking dynamic track, reading the data of original parking, giving reference to the car exact position itself.

Regionally, North America estimated to be the largest market, by value, for automotive radar systems owing to the safety regulations in the region. Increased awareness towards safety features has also fueled the demand in the region.

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Major Key Players:

1 Autoliv

2 Continental

3 Delphi Automotive

4 DENSO

5 HELLA

6 InnoSenT

7 NXP Semiconductors

8 Robert Bosch and More…………….

Market Segment by Ranges:

1 Long range (≥77 GHz)

2 Medium range (76-77 GHz)

3 Short range (24 GHz)

Market Segment by Vehicles:

1 Commercial Vehicle

2 Economic Passenger Vehicle

3 Luxury Passenger Vehicle

4 Mid-Priced Passenger Vehicle

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This study answers to the below key questions:

1 What will the market size be in 2026 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Automotive Radar Sensors Market.

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This release was published on openPR.