Press release
Automotive Radar Market 2022 Global Industry Growth, Share, Size, Regional Industry Overview and 2029 Forecast Report
The global automotive radar market size is projected to reach USD 3.95 billion by 2028 and exhibit a CAGR of 9.7% between 2021 and 2028. The soaring investments in research and development activities to produce next-generation vehicles equipped with radars sensors are anticipated to boost the market growth. Fortune Business Insights™ has provided this information in its report titled, “Automotive Radar Market, 2021-2028”. The market size stood at USD 2.01 billion in 2020.Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/automotive-radar-market-101688
The enhancement of radar functionality through the advancement of signal bandwidth capabilities is predicted to emerge as a key trend fostering the market’s growth. Similarly, the enhancement in range resolution is likely to complement the market’s growth.
List of Key Players Profiled in this Market Report:
Robert Bosch GmbH
Continental AG
Denso Corporation
Autoliv Inc.
Valeo SA
Aptiv
NXP Semiconductors
Texas Instruments Incorporated
ZF Friedrichshafen AG
Infineon Technologies AG
Drivers & Restraints-
Strict Government Vehicle Safety Regulations to Favor Market Growth
The rising vehicle safety awareness amongst consumers is boosting the demand for advanced safety features on vehicles including blind-spot detection and cruise control. These features can help aid drivers and reduce accidents. The rising number of road fatalities has compelled the governments of various nations to implement strict regulations and promote vehicle safety systems’ development. These strict government regulations are expected to stimulate the global the automotive radar market growth significantly.
The above mentioned factors are compelling manufacturers to increase investments and improve the product offerings. They emphasize research and development activities to produce next-generation vehicles equipped with radar sensors. This is likely to influence the market growth significantly. Additionally, the enhancement of radar functionality through the advancement of signal bandwidth capabilities is predicted to emerge as a key trend fostering the market’s growth. However, security risks related to radar-based technology may hinder the market growth due to low adoption.
Quick Buy - Automotive Radar Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/101688
Regional Insights-
Rising Automobile Sales to boost growth in Asia Pacific
Asia Pacific is projected to dominate the global automotive radar market share. The increasing automobile sales due to rising disposable income levels across China, India, and other countries are anticipated to boost the market growth. Moreover, the growing consumer awareness for vehicle safety due to the increasing number of road accidents is predicted to fuel the growth of the market.
Europe is expected to gain substantial growth in the global market. Early adoption of advanced technologies across the U.K. and Germany as well as the implementation of strict vehicle safety regulations fuels the growth in the region.
North America is anticipated to exhibit strong growth during the forecast period. The growth is ascribable to the increasing strictness in vehicle safety laws. Additionally, the growing adoption of hybrid vehicles is likely to drive the region’s market growth.
Competitive Landscape-
Key Players Launch New Products to Attain Growth
The market comprises Autoliv Inc., Robert Bosch GmbH, NXP Semiconductors, and Continental AG as the top market players, amongst others. The key players emphasize intensive research and development to produce high-yielding and compact radar sensors. They focus on technological developments to improve the radar technology. They devise ingenious growth strategies including new product launches, technological developments, patents, collaborations, partnerships, acquisitions, mergers, and others to enhance their market positions. For instance, NXP Semiconductors launched a new radar sensor chipset solution suite in December 2020. The new product offering can surround vehicles in a safety cocoon on all sides and enable the imaging radar’s classification and identification capabilities.
Industry Developments-
2021: ZF unveiled its latest Mid-Range Radar (MRR) in partnership with Dongfeng Motor (China) to improve the existing ZF co ASSIST semi-automated system and support next-generation ADAS safety functions on China’s Dongfeng Aelous Yixuan Max.
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Major Table of Automotive Radar Market:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Industry Developments - Merger, Acquisitions, and Partnerships
Growth and Penetration Analysis
Porter’s Five Forces Analysis
SWOT Analysis
Impact of COVID-19
Global Automotive Radar Market Analysis, Insights and Forecast, 2017-2028
Key Findings / Summary
Market Analysis, Insights and Forecast – By Range
Short Range
Medium Range
Long Range
Market Analysis, Insights and Forecast – By Application
Adaptive Cruise Control (ACC)
Autonomous Emergency Braking (AEB)
Forward-Collision Warning System (FCWS)
Blind Spot Detection (BSD)
Intelligent Parking Assistance
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia Pacific
Rest of the World
North America Automotive Radar Market Analysis, Insights and Forecast, 2017-2028
Key Findings / Summary
Market Analysis – By Range
Short Range
Medium Range
Long Range
Market Analysis – By Application
Adaptive Cruise Control (ACC)
Autonomous Emergency Braking (AEB)
Forward-Collision Warning System (FCWS)
Blind Spot Detection (BSD)
Intelligent Parking Assistance
Market Analysis – By Country
S.
Canada
Mexico
TOC Continued…
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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