Global Passenger Vehicle ACC Radar Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028

The global passenger vehicle ACC radar market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The growing technological advancements in the area of ​​connected cars, electronic travel, and ADAS are driving the global passenger vehicle ACC radar market as the radar system is one of the most important in autonomous vehicles to enable safe and stable vehicle operation. The growing popularity of private cars around the world is expected to boost sales of radar sensors in the coming years. The governments in many countries are promoting use of radar technology in the automobiles. For instance, in European countries, the New Vehicle Testing System encourages OEMs to apply ADAS to all new vehicles.

A full report of Global Passenger Vehicle ACC Radar Market is available at:https://orionmarketreports.com/global-passenger-vehicle-acc-radar-market/105001/  

According to the World Health Organization, worldwide 1.25 million people die as a result of road accidents each year. Road accidents are likely to be the seventh leading cause of death by 2030 if appropriate measures are not taken to increase vehicle safety. Thus, the need to protect drivers and passengers from potential dangers can play a significant role in determining the market growth.

Some major players in the market include Autoliv, Bosch, Denso, Delphi, and Fujitsu,among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market.

For instance, in April 2021, Auto Shanghai 2021, Continental introduces the sixth generation of ambient radar and long-distance radar. Both sensors share hardware and software platforms, reducing complexity as well as cost. Such system launches are further anticipated to drive the market growth.

Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Autoliv, Bosch, Denso, Delphi, and Fujitsu among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Passenger Vehicle ACC Radar Market Report by Segment

By Type

OEM
Aftermarket

By Application

Sedan
SUV
Others

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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.

This release was published on openPR.