openPR Logo
Press release

How Will The North America Automotive Radar Market Fare Over 2016-2024?

05-10-2021 07:57 AM CET | Logistics & Transport

Press release from: Global Market Insights, Inc.

Automotive Radar Market

Automotive Radar Market

Growing adoption of automotive safety technologies and control systems have been driving the automotive radar market demand. Increasing sales of motor vehicles, especially the luxury cars is expected to augment the revenue growth. Rapid improvement in the socio-economic conditions owing to rise in per capita income has been propelling the auto sales since the last few years.
The resultant increase in traffic and the surging number of road accidents have been prompting the incorporation of safety technologies in the automobiles. According to research report by Global Market Insights, Inc., automotive radar market size is projected to surpass USD 5 billion by 2024.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/768

Increasing penetration of the automotive radars has been fueled by the introduction of several vehicle safety systems, as the radar devices play an important role in these systems. Growing implementation of advanced driver assistance systems (ADAS) in passenger cars is anticipated to foster automotive radar market trends over the forecast timeframe. ADAS being a complex system consist of advanced software and sophisticated electronics which complement each other to enhance the system functionalities, thus offering lifesaving advantages.

How will the growing implementation of self-driving technology accelerate automotive radar business trends?

Automotive radars find prominent usability across the advent of self-driving cars. Increasing presence of the technology giants like Google and Baidu will pave the ways for the mainstream adoption of the self-driving cars. According to recent studies, majority of the road accidents are caused by the human errors occurred while driving the vehicles, so the autonomous driving tech is very likely to find mass adoption across several economies.
Growing acceptance of self-driving cars will accelerate the automotive radar business trends over the forecast timeline.

How will growing product adoption among leading auto manufacturers augment forward collision warning system (FCWS) application share over 2018-2024?

Considering the application segment, forward collision warning system (FCWS) is anticipated to account for over 25% of the automotive radar market share by 2024. Growing deployment of such warning systems which detect any chances of collision and help preventing the vehicle crashes will fuel the product demand. FCWS systems work by constantly monitoring the parameters such as the vehicle speed and the distance between the vehicles. In case the system detects any approaching crash, it produces warnings in the form of visual or audible alerts, so that drivers can presumably apply brakes on time before colliding with the rear end of other vehicle.

In addition, the vehicle manufacturers have started deploying these systems with automatic emergency braking systems to enhancing the system functionality and avoid any chance of rear-end crashes. For instance, automakers such as BMW, Audi, Ford, General Motors, and Tesla have committed to make the automatic emergency braking (AEB) a standard across all variants of their vehicle products. Such initiatives are expected to boost the product penetration further augmenting the FCWS application share.

Ask For Customization According to COVID-19 Impact Analysis @ https://www.gminsights.com/roc/768

How will the increasing investments toward autonomous cars boost North America automotive radar market outlook?

The North America automotive radar market is driven by stringent government regulations toward the vehicle safety. Most of the auto manufacturers in the region has been increasingly deploying the ADAS technology which has been supporting the regional growth. Moreover, growing funding toward research & development of autonomous cars will boost the regional outlook throughout the forecast period.

For instance, in 2016, the U.S government announced plans to invest USD 4 billion in autonomous cars over the period of next 10 years. Owing to such favoring factors, the North America automotive radar market is projected to grow at a CAGR of above 15% during 2016-2024.

Table of Contents (ToC) of the report:

Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Research scope & assumptions
1.2 Data Sources

Chapter 2 Executive Summary
2.1 Automotive radar industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Application trends

Chapter 3 Automotive Radar Industry Insights
3.1 Automotive radar industry segmentation
3.2 Industry size and future growth prospects, 2013 - 2024
3.3 Industry ecosystem analysis
3.4 Industry Impact forces

Get Complete Synopsis of the Report @ https://www.gminsights.com/toc/detail/automotive-radar-market

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

This release was published on openPR.

Permanent link to this press release:

Copy
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 How Will The North America Automotive Radar Market Fare Over 2016-2024? here

News-ID: 2282055 • Views: 136

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases


More Releases for Automotive

Automotive Air Filter Market
An automotive air filter is a device that is made up of fibrous materials that removes solid particulates like pollen, dust, bacteria, and mould from the intake air. A chemical type of air filter consist of a catalyst or absorbent for removing molecular contaminants like ozone or volatile organic compounds. Air filters are being used in applications where air quality is of vital importance, notably in building ventilation systems and
Automotive Tires Market
The automotive tires play a very important role in vehicle performance along with the vehicle engine. A tire should be fine enough to carry vehicle weight and pressure on any road with superior breaking performances. The manufacturers focus on enhancing the production and performance capabilities of tires to meet with the growing demands of OEMs as well as secondary market.The automotive tires market is expected to grow rapidly in the
Automotive Actuators Market 2017 - AK, FTE automotive
MarketReports.biz’s Automotive Actuators market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. Request for sample @ https://goo.gl/auN0LC The Players mentioned in our report AK FTE automotive The report includes the forecasts, Analysis and discussion of important industry trends,
Global Automotive Windshield Market
“Global Automotive Windshield Industry 2021 Market Research Report” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977. Windshields, also known as windscreens, are curved glasses placed in the front of a vehicle to protect the occupant from the wind and road debris such as mud and dust. It also enhances the aerodynamics of the vehicle. Technavio’s analysts forecast the global automotive windshield market to grow at a CAGR of 4.64% during the period
Automotive Market Outlook 2016
This document is a series of scorecards for major Automotive markets which review historic (2011-2015), short term (2016-2020) and medium/long term (2021-2030) performance of light vehicle sales in the markets covered by the Automotive system. A ranking from 1 to 10 is assigned to each macro and micro driver that impact demand, which is multiplied by a score ranging from +5 (positive) to -5 (negative) for the three time periods,
Tweaked Automotive ‘Spectre Edition’
Tweaked Automotive announces its most recent special edition release, the Spectre Edition Land Rover Defender. The idea of executing a special Land Rover Defender build was circulating around the Tweaked Automotive design department for some time. The fact Land Rover ceased production of these much loved four wheel drives that have been around since 1948 prompted Tweaked Automotive to get stated as a matter of urgency. Hand in hand the 007TM