Global Market Insights on Automotive Radar: Insights and Forecast, 2019- 2024 Emphasis on Radar Range (Short Range Radar & Mid-Range Radar (S&MRR), Long Range Radar (LRR)), Applications (Adaptive Cruise Control, Autonomous Emergency Braking, and Others)
Automotive radar is defined as distance sensors which are used to locate objects around the vehicle's proximity. Road traffic crashes have become a major global challenge. Every year millions of people are known to die in road accidents and get seriously injured. This led to the development of significant technology of road safety. The automotive radar technology has been identified as an imperative technique to improve road safety and enhance driving experience. This technology is being widely adopted in passenger cars and commercial vehicle across the globe. Radar is a method of using radio waves which is used to determine the angle, range, and relative speed of objects across its vicinity. In today's vehicle safety systems, radars is used in conjunction with cameras, infrared, ultrasonic and other technologies to acquire information about the vehicle's surroundings. With this information these system can determine a particular driving situation and warn the driver in potential dangerous event. It can also command the vehicle on its own and reduce the accident's severity. These features have brought a new revolution in driving experience which has shifted the trend of advanced driver assistance system (ADAS) to automated driving or auto pilot. Changing vehicle safety regulation, increase in adoption of advanced driver assistance system (ADAS) technology and increasing number of radar sensors used per vehicle are the major growth drivers of the market. Stringent government regulations, mandating rear-view camera system and lane departure warning technologies in vehicles which has also stimulated the growth of the automotive radar market in several countries. In addition, growing adoption of ADAS technology across mid-priced and premium segment vehicle has further fueled the growth of the market on a global scale. However, increase in the overall cost of vehicle and illegalities of radar detectors in some countries are restricting the market growth.
Automotive Radar, Automotive Radar Market, Automotive Radar Market Value, Automotive Radar Market Growth, Automotive Radar Market
Inquire more about this report @ https://www.marketresearchnest.com/report/enquirybuy/484264
On the basis of range of the radar, the market is segment in Short Range Radar and Medium Range Radar and Long Range Radar. The short-range radar (SRR) system primarily operates at the 24 GHz frequency band and requires a large bandwidth ranging from 3-5 GHz. The Long-range radar (LRR) operates at 77-81 GHz frequency band and showcase the promising future in automotive radar market. In 2017, short and medium range radar held the maximum revenue share and the same is expected to follow during the forecast period (2018-2024). Global automotive radar market is also categorized based on their application areas that include Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Intelligent Parking System (IPS), Blind Spot Detection (BSD), Collision Mitigation System (CMS) and others. Among such applications, adaptive cruise control held the largest market share of the global automotive radar market, followed by blind spot detection and others. Adaptive Cruise control is a luxury feature that allows vehicles cruise control system to adapt the vehicles speed to the traffic environment. The system can increase or decrease the car's speed to maintain a safer distance.
The study also analyses the global automotive radar market across different vehicle types that includes passenger vehicles, luxury vehicles and commercial vehicles. Among different vehicle types, passenger cars held the maximum share in 2017, however due to increase in demand of radar system in high end vehicles, the luxury vehicles segment is anticipated to be the fastest growing market segment growing at a CAGR of 23.3% during the forecast period (2018-2024).
Browse detail report with in-depth TOC @ https://www.marketresearchnest.com/Global-Market-Insights-on-Automotive-Radar-Insights--and-Forecast-2018--2024-Emphasis-on-Radar-Range-Short-Range-Radar-and-Mid-Range-Radar-SandMRR-Long-Range-Radar-LRR-Applications-Adaptive-Cruise-Control-Autonomous-Emergency-Braking-Intelligent-Parking-Systems-Blind-Spot-Detection-Collision-Mitigation-System-Others-.html
Based on different frequency band, the global automotive radar market is fragmented in 24 GHz and 77 GHz. The 24 GHz is a frequency band which is used in automotive radar. It is a vital component of Short range radar which is primarily being used for basic smart driving features such as blind spot detection and collision avoidance system. In 2017, 24 GHz radar held the maximum market share however due to increase in demand of 77 GHz radar, they are anticipated to be the fastest growing and largest market by 2024. The study also analyses the global automotive radar market across different vehicle types that includes passenger vehicles, luxury vehicles and commercial vehicles. Among different vehicle types, passenger cars held the maximum share in 2017, however due to increase in demand of radar system in high end vehicles, the luxury vehicles segment is anticipated to be the fastest growing market segment growing at a CAGR of 23.3% during the forecast period (2018-2024).
To analyze the growth potential of the automotive radar industry the report is further analyzed based on different geographies and countries including North America (U.S., Canada, Mexico and rest of North America), Europe (Germany, France, U.K., Russia, Italy, Spain and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Taiwan and rest of Asia-Pacific), Latin America (Brazil, Argentina, Chile and rest of Latin America) and Middle East and Africa ( UAE, KSA, Algeria, Kuwait, Egypt, Qatar and rest of MENA). In 2016, North America was the largest market in value terms, owing to the stringent safety regulations in the region. Increased awareness towards safety features has also fueled the demand in the region. The European region is estimated to be the largest market for automotive radar during the forecast period. Substantial build up in this market is mainly due to the adoption of advanced technologies and stringent vehicle safety regulation.
Some of the leading players in the market are Robert Bosch GmbH, HELLA KGaA, Continental AG, Denso Corporation, Aptiv Plc, Valeo S.A., Infineon Technologies AG, Texas Instruments Inc., Analog Devices Inc. and NXP Semiconductors N.V. These players are entering into several competitive strategies (partnerships, merger-acquisitions, joint venture, new product launch, business expansion and others) with each other or other supplier or automotive OEMs to strengthen their position in the Global automotive Radar market.
Browse detail report in various regions @
North America Market Insights on Automotive Radar: https://www.marketresearchnest.com/North-America-Market-Insights-on-Automotive-Radar-Insights-and-Forecast-2018-2024-Emphasis-on-Radar-Range-Short-Range-Radar-and-Mid-Range-Radar-SandMRR-Long-Range-Radar-LRR-ApplicationsAdaptive-Cruise-Control-Autonomous-Emergency-Braking-Intelligent-Parking-Systems-Blind-Spot-Detection-Collision-Mitigation-System-Others-.html
Europe Market Insights on Automotive Radar:
Asia Pacific Market Insights on Automotive Radar:
MENA Market Insights on Automotive Radar:
Latin America Market Insights on Automotive Radar:
MarketResearchNest.com is the most comprehensive collection of market research products and services on the Web. We offer reports from almost all top publishers and update our collection on daily basis to provide you with instant online access to the world’s most complete and recent database of expert insights on World industries, organizations, products, and trends.
Name: Mr. Jeet Jain (Sales Manager)
Organization: Market Research Nest
Phone: +1-240-284-8070, +44-20-3290-4151
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Market Insights on Automotive Radar: Insights and Forecast, 2019- 2024 Emphasis on Radar Range (Short Range Radar & Mid-Range Radar (S&MRR), Long Range Radar (LRR)), Applications (Adaptive Cruise Control, Autonomous Emergency Braking, and Others) here
News-ID: 1676706 • Views: …
More Releases from Market Research Nest
Condoms Market Witness Highest Growth in near future| Leading Key Players: Durex …
MarketResearchNest.com adds “In-depth Research Report of Global Condoms Market (2019 Version)” new report to its research database. The report spread across 127 pages with multiple tables and figures in it. This report studies the Condoms market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find
Future of Business Travel Insurance Market – A comprehensive study by Key Play …
MarketResearchNest.com adds “Global Business Travel Insurance Market Analysis 2013-2018 and Forecast 2019-2024” new report to its research database. The report spread across 76 pages with multiple tables and figures in it. This report studies the Business Travel Insurance market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key
Excellent Growth of Building Energy Management Systems Market Key Players- Schne …
MarketResearchNest.com adds “Global Building Energy Management Systems Market Analysis 2013-2018 and Forecast 2019-2024” new report to its research database. The report spread across 83 pages with multiple tables and figures in it. This report studies the Building Energy Management Systems market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities
Applicant Tracking Software Market is expected to double its market size in Upco …
MarketResearchNest.com adds “Global Applicant Tracking Software Market Analysis 2013-2018 and Forecast 2019-2024” new report to its research database. The report spread across 100 pages with multiple tables and figures in it. This report studies the Applicant Tracking Software market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key
More Releases for Radar
Missile Seekers Market Growth, Size, Key Players, Launch Mode, Active Radar, Sem …
The global missile seekers market size is projected to grow from USD 5.3 billion in 2021 to USD 6.8 billion by 2026, at a CAGR of 5.2% from 2021 to 2026. The market is driven by various factors, such as geopolitical instabilities, changing nature of warfare, increasing defense expenditure of emerging economies and technological advancements in missile seekers. BAE Systems (UK), Boeing (US), Leonardo S.p.A. (Italy), Raytheon Technologies (US), Safran Group
Radar Gun Market 2019-2025 - Recent Trends and Growth Opportunities By Major pla …
Global Radar Gun Market Insights, production, value, price, Future and Forecast up to 2025. The Market Revenue of Global Radar Gun Market is expected to expand at a lucrative CAGR over the forecast period. Global Radar Gun Market segmentation, industry reports, market trends, and market outlook are now available from Up Market Research (UMR). Request for PDF Sample of this Research Report @ https://www.upmarketresearch.com/home/requested_sample/109972 The key players covered in this study
Automotive Radar: Emphasis on Radar Range,Applications-Insights and Forecast, 20 …
Europe is recognized as the birth place of motor cars. Car production in the European region is not a new concept, with the automotive industry being one of the oldest sources of exports and employment. Europe strong foothold in the industry is mainly attributed to the presence of considerable number of automotive OEMs in the region, which is escalating the overall demand for automotive related technologies, including automotive radar system
Radar Gun Market to Witness Huge Growth | Sports Radar, Uniden, Sports Sensors, …
HTF MI released a new market study on Global Radar Gun Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates
Doppler Weather Radar Market 2018: EWR Weather Radar, Furuno, Selex ES GmbH
Qyresearchreports include new market research report “Global Doppler Weather Radar Market Professional Survey Report 2018” to its huge collection of research reports. The report on the global market for Doppler Weather Radar procures data and other relevant information from myriad dependable sources, and applies various methodologies to analyze and map it. It then groups the data into digestible chunks so that they offer crucial market information. The entire process entails both
3D Radar Market - Increasing Adoption of 3D Radar By Airports
The military and defense sector has been constituting a prominent chunk of budget in the economy of all developed countries for a number of years but in the past couple of decades, a number of emerging economies have incremented their expenditure on ensuring safety and security of their nation. This factor has given thrust to the demand for advanced military and defense technologies, among which, the 3D radar market is