Press release
What Will be the Growth Effect of Electric Vehicle on the Automotive Radar Market
According to a latest report published by Fact.MR, the global automotive radar market is set to reach US$ 7,260.8 Mn by 2022 up from US$ 2,000 Mn in 2017, registering a robust CAGR. As compared to other sensing technology, automotive radars show higher efficiency and functionality in extreme road conditions (extreme temperatures, critical weather and poor light).For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=23
This, is turn, is supporting the rapid incorporation of automotive radar in vehicles. Automobile companies are steadily making the shift from manufacturing function-specific capabilities to developing self-driving technology, which is anticipated to increase the applicability of radar technology in the years to come.
As per Fact.MR’s study, demand for vehicles with cutting-edge safety features is gaining traction in emerging countries such as India and China, thereby creating lucrative opportunities for automotive radar manufacturers.
Following are the key insights from Fact.MR’s forecast on the global automotive radar market:
• Demand for short-range radar to remain significantly high throughout the assessment period. Short-range radars are anticipated to command for nearly half of the market, in terms of revenue. Towards the end of 2022, nearly US$ 3,500 Mn worth short range radars are projected to be sold across the globe.
For critical insights on this market, request for methodology here - https://www.factmr.com/connectus/sample?flag=RM&rep_id=23
• By vehicle type, passenger will continue to be the most attractive segment of the market. By the 2022-end, this segment is expected to reach a market valuation of over US$ 5,300 Mn, expanding at exponential CAGR. The passenger car segment is likely to command for over two-third revenue share of the market in 2017. Meanwhile, the LCV segment is anticipated to hold position during the same period.
• Based of application, the adaptive cruise control segment will command for an impressive market share of over 43% by the 2017-end. Popularity of adaptive cruise control is on the rise as it is now considered to be an important safety feature of modern vehicles. The autonomous emergency braking segment is also coming into prominence of late and trend is likely to continue throughout the assessment period.
• By frequency type, automotive radar with 2x GHz frequency is currently at the forefront of the market in terms of revenue and is estimated to command for over one-half share by 2017-end. However, demand for the automotive radars with 7x GHz frequency is anticipated to outpace the former towards the end of 2022.
• Among regions, North America is expected to lead the global automotive radar market in terms of revenue throughout the forecast period.
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/23
Key Segments of the Automotive Radar Market
Fact.MR study on the automotive radar market offers information classified into four important segments: range, sales channel, application, and region. This market report proposes comprehensive data and information about the important market changing aspects and evolution structures related with these categories.
Range
• Long Range
• Mid-Range
• Short Rangea
Sales Channel
• OEM
• Aftermarket
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/03/22/1759373/0/en/Automotive-Seat-Market-Revenues-Set-to-Reach-US-34-Bn-in-2019-Fact-MR.html
Denso Corporation, Continental AG, Analog Devices, Inc, Robert Bosch GmbH, ZF Friedrichshafen AG, Delphi Automotive PLC, NXP Semiconductors N.V., Infineon Technologies AG, Autoliv, Inc, Texas Instruments, Inc., and Hella KGaA Hueck & Co. are some of the top companies operating in the global market for automotive radar.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Content Source: https://www.factmr.com/media-release/13/automotive-radar-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
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 What Will be the Growth Effect of Electric Vehicle on the Automotive Radar Market here
News-ID: 2361287 • Views: …
More Releases from Fact.MR
Maleic Anhydride Market: Anticipated Growth to US$ 4.1 Billion | Fact.MR
A recent Fact.MR analysis projects that the global market for Maleic Anhydride will expand at a compound annual growth rate (CAGR) of 3.4% between 2022 and 2032. The industry is predicted to produce a dollar opportunity of US$ 1.2 billion throughout the aforementioned forecast period, with a closing valuation of US$ 4.1 billion. The market for maleic anhydride expanded at a 4.0% CAGR between 2015 and 2021. The sector is…
Motion Control Market Anticipated to Achieve US$ 35.52 Billion Valuation by 2033
According to the most recent industry report by market research and competitive intelligence source Fact.MR, the global Motion Control Market is expected to reach US$ 35.52 billion by 2033, growing at a 5.1% CAGR from 2023 to 2033. the market is growing gradually due to a number of important variables. There is a strong desire for industrialization and automation in many different businesses. Businesses are searching for methods to boost…
Benzoic Acid Market: Approaching US$ 1.6 Billion by 2032 | Fact.MR
According to a recently released Fact.MR analysis, the Benzoic Acid Market is expected to generate revenues of US$ 1 billion in 2021 and rise at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2032. It is anticipated that the market will be valued US$ 1.6 billion by the end of 2032. the primary end-use application for benzoic acid is benzoates, whose use is increasing due to the…
Newborn Metabolic Screening Market to US$ 857.4 Million by 2034
According to estimates, the Newborn Metabolic Screening Market will be valued US$ 355.1 million by 2024. With a predicted growth rate of 9.2% between 2024 and 2034, the need for newborn metabolic screening is expected to rise in a positive manner. By 2034, the market is expected to be worth more than US$ 857.4 million. the market is growing mainly because parents and healthcare professionals are becoming more aware of…
More Releases for Range
Robotic Lawn Mower Market By Range (Low-Range, Medium-Range And High-Range), End …
Robotic lawn mower is an autonomous robot that functions without human intervention within a definitive area closed by perimeter wire. To use robotic lawn mower user requires to set up a border wire around the lawn that defines the area to be mowed. The robot uses the wire to locate the boundary and in some cases to locate a recharging dock. These lawn mowers have the capability of self-docking that…
Gaming Chair Market Report 2018: Segmentation by Type (racing chairs, memory foa …
Global Gaming Chair market research report provides company profile for Ace Bayou, Corsair, N.Seat, Playseat, Repose, Subsonic, SecretLab, StemPilot and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation…
How To Extend WiFi Range? WiFi Booster & Range Extenders
Improve your WiFi connections with Range Extenders that can broaden your network coverage. You'll be able to keep your smartphones, game consoles, TVs, tablets and computers online and connected.
Wi-Fi extenders improve the coverage area of your router, and in some cases, they can provide additional Wi-Fi access points. If your home is too big for your router, there are a few things to consider before diving into the world of…
Enerdoor's Motor Protection Range
Enerdoor has developed a Motor Protection Series to protect motors from harmful overvoltage and dV/dt spikes generated on the output. This is particular useful for applications with variable frequency drives and servo-motors.
This series includes common mode and differential mode inductances, sine wave filters and snubbers designed to work with various frequency switches, output frequencies and applications.
The sin wave filter series reduces the pulse wave modulation (PWM) effect, converts the PWM…
Automotive RADAR Market Outlook by Range (Long Range Radar (LRR), Medium Range R …
Automotive RADAR system plays a vital role in advanced driver assistance system (ADAS) by continuously sensing the distance between vehicles in real-time, improving driving efficiency and increasing safety. These system are mainly used for preventing and alerting vehicle from collision detection, warning and mitigation. The boosting demand for advanced innovative features such as travel control will escalate the demand for automotive RADARs and also these systems will minimize human errors…
New Dimension Range from PULS UK Delivers Mid-Range Power at an Economy Price
DIN-rail power supply manufacturer PULS UK has extended its versatile Dimension range with the introduction of a new CPS20 480 watt unit available in both 24 volt and 48 volt outputs.
The new CPS20 power supply unit provides many desirable features: almost no inrush current, helping reduce wiring and fusing costs; overload power of 120% that is available continuously below 45°C ambient making it effectively a 576W unit; and a power…
