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Automotive RADAR Market to Ameliorate the World of Automobiles | $7.67 Bn | 12% CAGR | 2019-2020 | Continental, Analog, Delphi Automotive Company, Robert Bosch & more

03-03-2020 03:02 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Automotive RADAR Market 2020-2030

Automotive RADAR Market 2020-2030

Automotive RADAR Market 2020-2030: The supremacy of the automotive RADAR system has fueled its acceptance amongst the automobile manufacturing players. A report by Allied Market Research, reveals that the global automotive RADAR market is expected to hold $7.68 billion supported by a CAGR of 11.7% by 2026. Furthermore, the growth of the market is attributed to the rapid demands for safety features in automobiles, a surge in demand for comfortable driving, and the stringent rules and regulations for safety features.

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Recently, the industry has carried up various solutions, some of them are as follows:

Latest solutions to hit the field:

Several technology firms have brought advanced solutions to improve the experience of driving automobiles with the automotive RADAR system. Recently, a new solution has been launched by a company. One of the market leaders in RADAR technology, Echodyne launched its new RADAR unit for autonomous vehicles. Named as EchoDrive, the new product has a unique technology, as it doesn't only perceive things but also communicates intelligently with AI behind the wheel. Furthermore, the new product aims straight at AVs to accompany lidar and cameras with automotive RADAR. The EchoDrive systems satisfy all the needs set out by the company's automotive partners and testers, with nearly 60hz refresh rates, high resolution. Furthermore, the EchoDrive system can have a two-way conversation between sensors and the vehicle's brain, which the company calls cognitive RADAR or knowledge aided measurement. The feature focuses its beam even on a stationary object to notice every single movement of it, when Lidar, regular camera, and autonomous vehicle's brain are confused about its information. Moreover, the EchoDrive is being tested by the other partner companies of Echodyne and are running on 4+ AVs on public roads. The company claims to provide several advantages with the solution.

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Solutions showed up in Consumer Electronics Show (CES) 2020-

o JIMU showcased new intelligent driving solutions

Technology companies have brought up with their latest solutions in the exhibition recently. Organized by the consumer technology association the CES 2020 has offered the companies to showcase their latest tech-solutions. Several tech companies have been part of the exhibition. JIMU, an intelligent driving technology provider, and one of the participants have presented its latest intelligent driving solutions. The solution is based on vision and RADAR fusion and is comprises of cloud platform and in-vehicle perception hardware. Furthermore, the solution is proficient in high-precision and inclusive road environment perception, decision making, and vehicle control. In addition, the solution provides basic data such as processing of the vehicle, traffic situation, and driver status, and other basic data required for intelligent driving. JIMU is one of the leading intelligent driving solution providers and has helped to promote the commercialization of intelligent driving with the technology.

Automotive RADAR Market to Reach $7.67 Bn, Globally, by 2026 at 11.7% CAGR: Allied Market Research |

o Pathpartner Technology to exhibit In-Cabin monitoring solutions:

Another participant to showcase its latest solution, was Pathpartner, an automotive product engineering service. The company has demonstrated a RADAR-based In-Cabin sensing solution. The RADAR-based sensing system is an advanced automotive interior occupancy monitoring solution supported by the SDK, the company's reliable and highly accurate RADAR. The solution allows the automotive market players to improve the in-vehicle safety and personalization features including detection of child-presence and occupancy monitoring. Furthermore, along with the in-cabin sensing solution the company has also shown up a camera-based driver monitoring solution to detect driver's drowsiness and inattention with advanced facial algorithms. Moreover, the company aims to enhance in-cabin monitoring, secure driver and passengers, and promote the road safety.

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This age of advanced technology has led to advance the automobiles as well. What used to be our imagination earlier, has become a reality today. The integration of automotive RADAR has amplified the services offered by automobiles. The high-resolution, compressed design and low cost of RADAR technology would increase its reliability for ADAS. On the other hand, the technology solution providers and automobile manufacturing firms are yet behind further technological advancements to increase the safety on roads and reduce the rates of accidents. These further developments in the RADAR technology are expected to increase the chances of its acceptance in the automobile industry and provide profitable opportunities to the market.

The integration of the automotive RADAR system has propelled the advantages and protection of automobiles. Automotive RADAR system has transformed the perception of driving and reduced the errors. With the ability to detect stationary and active objects in the surroundings such as cars or other obstacles behind the vehicle, it has eased the driving experience of the person. On account of the benefits offered by the automotive RADAR system, almost every latest automobile is getting equipped by it.

Advanced Automotive Radar Launches New World Of Automobiles |

Other than manual cars, automotive RADAR systems have highly impacted autonomous vehicles. The automotive RADAR system provides a perceptive to the controlling system for further operations. Furthermore, the RADAR sensors provide data depending on the current state of the surroundings of the vehicle. With the automotive RADAR system, the accident rate can also be reduced to a lower level by both autonomous and manual vehicles. However, both the safety and execution are hooked on the accuracy of the data provided by the RADAR sensors.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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