Press release
Automotive Radar Sensors Market Estimated to Rise Profitably with CAGR 18.9% during 2018 – 2026 | Top Key Players - Robert Bosch GmbH, Hella KGaA, ZF Friedrichshafen AG, Denso, First Sensor AG, Continental AG
Automotive Radar Sensors Market
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.
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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.
Geographically, 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.
Major Key Players:
1 Robert Bosch GmbH
2 Hella KGaA
3 ZF Friedrichshafen AG
4 Denso Corporation
5 Infineon Technologies AG
6 First Sensor AG
7 Continental AG
8 UniqueSec AB
9 InnoSenT - Innovative Radar Sensor Technology
10 Delphi Automotive PLC and More……………….
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Market Segment by Range:
1 Long range (≥77 GHz)
2 Medium range (76-77 GHz)
3 Short range (24 GHz)
Market Segment by Vehicle:
1 Commercial Vehicle
2 Economic Passenger Vehicle
3 Luxury Passenger Vehicle
4 Mid-Priced Passenger Vehicle
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What Information does this report contain?
1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants
2 Which are the leading market products, applications & regions and how will they perform by 2026?
3 What are the technologies & innovation trends, how will they evolve by 2026?
4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?
Table of Contents:
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Automotive Radar Sensors Market, By Range
6 Global Automotive Radar Sensors Market, By Application
7 Global Automotive Radar Sensors Market, By Vehicle Type
8 Global Automotive Radar Sensors Market, By Geography
9 Key Developments
10 Company Profiling
About us:
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
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