Press release
New Report: Global Automotive Radar Market 2021 Size, Growth Analysis Report, Forecast to 2027
Vehicle radars are used to locate objects and to detect distances between vehicles in real time. These radars help improve vehicle efficiency and road safety. Vehicle radars contain a receiver and a transmitter, and are used to send and receive waves for distance, speed, and directional objects. Collision detection, warning and mitigation, collision avoidance, blind spot detection and detection, route modification assistance, traffic alert system, rear traffic alerts, and vulnerable user detection in other vehicle radar systems.
The market size of the car radar is expected to cost about US $ 5.1 bn by 2027 and the market is expected to increase to an explanatory CAGR of 19.5% from 2020 to 2027.
Increased demand for an advanced safety system, comfort, and simpler systems, as well as an increase in the number of road accidents are expected to boost the growth of the automotive radar market. For example, according to the World Health Organization (WHO), 1.25 million road accidents were reported worldwide in 2013, of which 93% of people killed on the roads were reported in the low and middle economy and more than 50 million people were injured. due to road accidents. Radar sensors are responsible for collecting important information such as width, angle, and Doppler velocity, which is used to determine the driving condition and to warn drivers about potential collisions to avoid invisible crashes. Therefore, car radars increase safety, reduce the risk of road accidents, and help manage traffic flow, which, in turn, influences car manufacturers to integrate advanced radar systems in vehicles. These factors, therefore, are expected to stimulate the growth of the automotive radar market in the near future.
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Major players working in the global Global Automotive Radar Market Include :Continental AG, Denso Corporation, Robert Bosch GmbH, Infineon Technologies AG, Valeo, NXP Semiconductors, HELLA KGaA Hueck & Co., Texas Instruments Incorporated (TI), Autoliv Inc., and ZF Friedrichshafen AG.
Global Automotive Radar Market: Taxonomy
By Range Type
Long Distance RADAR (LRR)
Short and medium range RADAR (S & MRR)
By Normal Type
2X-GHZ
7X GHZ
Through
Flexible Boat Control
Autonomous Emerging Braking
Blind Location Discovery
Forward Advanced Warning Program
By car
Commercial Vehicles
Economic commuter car
Luxury passenger cars
Mid-Price Passenger Car
Through the Distribution Channel
OEM
Aftermarket
By region
North America
Europe
Asia-Pacific
Latin America
Middle East
Africa
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Key Points for Geographical Analysis:
Details and data related to usage level in each region
Moderate increase in consumption rate
Expected growth rate of regional markets
Forward growth of market share in each region
Geographical contribution to market capitalization
The report answers questions such as:
1. What is the market size and forecast of the Global Global Automotive Radar Market?
2. What factors hinder the impact of COVID-19 in shaping the Global Global Automotive Radar Market during the forecast period?
3. What products / components / applications / areas should you invest in the forecast period in the Global Global Automotive Radar Market?
4. What is the competitive window for opportunities in the Global Global Automotive Radar Market?
5. What are the technical and regulatory trends in the Global Global Automotive Radar Market?
6. What is the market share of the leading retailers in the Global Global Automotive Radar Market?
7. What methods and strategies are considered appropriate to enter the Global Global Automotive Radar Market?
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