What's are Latest Trends in Automotive Radar Market? Key Players are DENSO, Valeo, ON Semiconductor, NXP Semiconductors, Analog Devices, Delphi Technologies, TE Connectivity, Continental

Road accidents carry an annual mortality of 1.35 million, says the World Health Organization (WHO). Often, while driving, people don't pay attention on the road or they drive at a higher speed than allowed. Pedestrians are to blame for a lot of the road accidents too, as many of them cross the road without looking both ways or while looking at or talking on the phone. To bring down the accident rate, several countries have made it mandatory for vehicles to have advanced driver-assistance systems (ADAS), which help the driver in more ways than one.

Global Automotive Radar Market Key Players:
1- DENSO
2- Valeo
3- ON Semiconductor
4- NXP Semiconductors
5- Analog Devices
6- Delphi Technologies
7- TE Connectivity
8- Continental

Browse full report at@ https://www.psmarketresearch.com/market-analysis/automotive-radar-market

With the increasing installation of ADAS features in vehicles, the automotive radar market is predicted to grow at an 8.4% CAGR during 2020-2030, from $5,839.0 million in 2019. This is because ADAS depends on radars to determine the distance of various objects in the vehicle's way, such as automobiles in the front and back, pedestrians on the road, or road blockages and stop signs. With time, the penetration of autonomous vehicles is also expected to increase, which would be even more dependent on radars. A large number of such automobiles are expected to be pressed in shared mobility services, thereby creating a high demand for radars.

Currently, the torch bearer for the automotive radar market is North America, where the development and testing activities for autonomous vehicles are widespread. Moreover, the adoption of driver safety features is mandatory in several places here, and the government is also offering numerous financial incentives for the integration of radars. In the years to come, the gravity center of the industry is predicted to shift to Asia-Pacific (APAC), as it accounts for the highest manufacturing rate of automobiles, which are going through rapid technological advancements.

Download sample copy of this report@ https://www.psmarketresearch.com/market-analysis/automotive-radar-market/report-sample

Market Segmentation by Vehicle Autonomy
o Semi-Autonomous
o Level 1
o Level 2
o Level 3
o Fully Autonomous
o Level 4
o Level 5
Market Segmentation by Range
o Short & Medium
o Long
Market Segmentation by Vehicle Type
o Passenger Car
o Commercial Vehicle
Market Segmentation by Application
o Adaptive Cruise Control (ACC)
o Autonomous Emergency Braking (AEB)
o Blind Spot Detection (BSD)
o Forward Collision Warning (FCW)
o Intelligent Park Assist (IPA)
o Others
Market Segmentation by Region
o North America Automotive Radar Market
o By vehicle autonomy
o By range
o By vehicle type
o By application
o By country - U.S. and Canada
o Europe Automotive Radar Market
o By vehicle autonomy
o By range
o By vehicle type
o By application
o By country - Germany, Spain, U.K., France, Italy, and Rest of Europe
o Asia-Pacific (APAC) Automotive Radar Market
o By vehicle autonomy
o By range
o By vehicle type
o By application
o By country - China, Japan, India, and Rest of APAC
o Rest of the World (RoW) Automotive Radar Market
o By vehicle autonomy
o By range
o By vehicle type
o By application
o By country - Brazil, Mexico, and Others

Contact:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: http://psintelligence.blogspot.com/

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.