Press release
Automotive Radar Market Top Companies to Watch Out Continental AG, Denso Corporation, Robert Bosch GmbH, Infineon Technologies AG, Valeo, NXP Semiconductors, HELLA KGaA Hueck & Co., Texas Instruments Incorporated (TI), Autoliv Inc., and ZF Friedrichshafen
Automotive Radar
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Increasing concern regarding safety is one of the major factors driving growth of the automotive radar market.
Increasing demand for advanced safety system, comfort, and convenience systems, and increasing number of road accidents are expected to fuel growth of the automotive radar market. For instance, according to World Health Organization (WHO), an estimated 1.25 million road accidents were reported worldwide in 2013,out of which around 93% road traffic deaths were reported in low- and middle-income economies and over 50 million people were injured due to road accidents.
Global Automotive Radar Market: Regional Insights
The market for automotive radar in Europe accounted for the largest share in 2017 and is expected to retain its dominance over the forecast period (2018 – 2026). This growth is attributed to increasing stringency of vehicle safety norms for both active and passive safety standards on vehicles, by the European Commission (EC). For instance, the European commission set up General Safety Regulation (EC 661/2009), which mandates the use of electrical safety, electronic stability control, advanced emergency braking, tyre pressure monitoring, driver safety-belt reminder for trucks and buses.
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Global Automotive Radar Market: Competitive Landscape
Key players operating in the global automotive radar market include Continental AG, Denso Corporation, Robert Bosch GmbH, Infineon Technologies AG, Valeo, NXP Semiconductors, HELLA KGaA Hueck & Co., Texas Instruments Incorporated (TI), Autoliv Inc., and ZF Friedrichshafen AG.
Global Automotive Radar Market: Taxonomy
By Range Type
• Long Range RADAR (LRR)
• Short & Mid-Range RADAR (S&MRR)
By Frequency Type
• 2X-GHZ
• 7X GHZ
By Application
• Adaptive Cruise Control
• Autonomous Emerging Braking
• Blind Spot Detection
• Forward Collision Warning System
By Vehicles
• Commercial Vehicles
• Economic Passenger Vehicle
• Luxury Passenger Vehicles
• Mid-Price Passenger Vehicle
By Distribution Channel
• OEM
• Aftermarket
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East
• Africa
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