Press release
Commercial Vehicle & Off-Highway Radar Market 2021: Global Industry Analysis Report to 2027
The commercial vehicle & off-highway radar market is projected to grow at a CAGR of 27.4% during the forecast period, to reach USD 831 million by 2027 from an estimated USD 153 million in 2020.The demand for autonomous and safety features, real-time data monitoring, government regulations, and increasing incident cases will drive the entire market for commercial and off-highway vehicle radar. The automotive industry's transition to advanced technology is expected to drive the growth of the commercial vehicle and off-highway radar market. However, the spread of the coronavirus in 2020 will show a regional economic slowdown that will affect the automotive sector.
A full report of Commercial Vehicle & Off-Highway Radar Market is available at: https://www.orionmarketreports.com/commercial-vehicle-off-highway-radar-market/39093/
The commercial vehicle & off-highway radar market is dominated by globally established players such as Robert Bosch GmBH (Germany), Continental AG (Germany), Aptiv (Ireland), Denso Corporation (Japan), and Infineon Technologies AG (Germany). For instance, in August 2017, Denso Corporation developed a 24-GHz submillimeter-wave rear and side radar sensor to help enhance vehicle safety systems. The sensor is used in the 2018 Toyota Camry released this past July. Additionally, in September 2019, a joint venture between Aptiv and Hyundai Motor Co, to develop autonomous vehicles for the commercialization of Level 4 and 5 self-driving technologies will be driving the expansion of Aptiv capabilities in autonomous vehicles market in South Korea.
Commercial Vehicle & Off-Highway Radar Market segmentation:
The global commercial vehicle and off-highway radar market is segmented on the basis of application, frequency type, vehicle type, component type. On the basis of application, the market is segmented as adaptive cruise control (ACC), blind spot detection (BSD), forward collision warning system, intelligent park assists, autonomous emergency braking (AEB). On the basis of frequency type, the market is segmented as 24 GHz, 77-82 GHz. On the basis of vehicle type, the market is segmented as commercial vehicle, off-highway vehicle. On the basis of component type, the market is segmented as long-range radar (LRR), short & medium range radar (S&MRR), mono camera, stereo camera.
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Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Commercial Vehicle & Off-Highway Radar Market Report
• What was the Commercial Vehicle & Off-Highway Radar Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Commercial Vehicle & Off-Highway Radar Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Commercial Vehicle & Off-Highway Radar Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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