Global Automotive Radar Market to be Driven by the Growing Application of the Product in the Adaptive Cruise Control (ACC) in the Forecast Period of 2022-2027
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/automotive-radar-market/requestsample
The key highlights of the report include:
Market Overview (2017-2027)
Historical Market Size (2022): USD 4.4 Billion
Forecast CAGR (2022-2027): 70%
Forecast Market Size (2027): USD 8.9 Billion
The automotive radar market is being driven by the growing application of the product in the adaptive cruise control (ACC). The adaptive cruise control is extremely beneficial for the passengers driving in heavy traffic as the technology helps in keeping a safe distance. It also helps in reducing the stress of the driver by automatically controlling the vehicle speed and maintaining a pre-defined minimum distance to the preceding vehicle. Over the forecast period, the market is anticipated to be aided by the rising cases of road accidents, coupled with the growing congestion in the cities. In terms region, Europe occupies the largest share in the market and is anticipated to attain a significant growth in the forecast period. The market growth in the region is driven by the growing expansion of the key automotive radar manufacturers in the region. The market in the region will further be aided by the stringent government regulations in the favour of bolstering the safety and security of the passengers.
Industry Definition and Major Segments
Automotive radar is defined as a device installed in an automobile which consists of a transmitter and a receiver, and is used to detect the speed and range of objects in the vicinity of an automobile. The speed, direction, and distance of the radio waves emitted by the transmitter is collected by the receiver. Automotive radars are extensively used in the automotive industry in various passenger and commercial vehicles.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/automotive-radar-market
On the basis of range, the market is bifurcated into:
Long Range Radar
Medium and Short-Range Radar
The different vehicle types included in the market are:
The significant applications of the automotive radar market include:
Adaptive Cruise Control (ACC)
Autonomous Emergency Braking (AEB)
Blind Spot Detection (BSD)
Forward Collision Warning (FCW)
Intelligent Park Assist
Other ADAS Systems
The regional markets for automotive radar include:
Middle East and Africa
The rising investments by the major car manufacturers, aimed towards the technological advancements and upgradation of the automobiles, are likely to be the major trends in the global automotive radar market. Moreover, the enhancements in the radar technology, coupled with the stringent government regulations in the favour of standardisation of automotive radar in the modern vehicles, are likely to be another major trend in the market. Furthermore, the initiation of the enhancement of the band frequencies in automotive radars is anticipated to augment the market growth in the forecast period.
Key Market Players
The major players in the market include Continental AG, Denso Corporation, Hella KGaA Hueck & Co., Infineon Technologies AG, and Veoneer, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Company Name: Claight Corporation
Contact Person: Shira Ellis, Corporate Sales Specialist - U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
This release was published on openPR.
Permanent link to this press release:
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 Global Automotive Radar Market to be Driven by the Growing Application of the Product in the Adaptive Cruise Control (ACC) in the Forecast Period of 2022-2027 here
News-ID: 2846840 • Views: 215
More Releases from Expert Market Research
Safety Light Curtain Market Size, Share, Trends, Report and Forecast 2024-2032
Safety Light Curtain Market Outlook According to the report by Expert Market Research (EMR), the global safety light curtain market size is projected to grow at a CAGR of about 7% between 2024 and 2032. Aided by the increasing use of automation across sectors and the industry-wide compulsory safety regulations, the market is expected to grow significantly by 2032. Get a Free Sample Report with Table of Contents@ https://www.expertmarketresearch.com/reports/safety-light-curtain-market/requestsample Safety light curtains are
Indonesia Waterproofing Market Size, Share, Price, Trends, Growth, Analysis, Rep …
According to the report by Expert Market Research (EMR), "The Indonesia Waterproofing Market Size, Share, Analysis, Report and Forecast 2024-2032″,the Indonesia waterproofing market is projected to grow at a CAGR of 4.90% between 2024 and 2032. Aided by the country's tropical climate, characterised by high levels of rainfall and humidity, coupled with the booming construction industry, the market is expected to grow significantly by 2032. Waterproofing solutions have gained prominence in
India Ethoxylates Market Size, Share, Price, Trends, Growth, Analysis, Report, F …
According to the report by Expert Market Research (EMR), "The India Ethoxylates Market Size, Share, Analysis, Report and Forecast 2024-2032″,the India ethoxylates market is projected to grow at a CAGR of 5.30% between 2024 and 2032. Aided by the escalating demand in sectors such as detergents, personal care, and textiles, the market is expected to grow significantly by 2032. Ethoxylates are organic compounds formed by the ethoxylation process, involving the addition
Whole Milk Powder Market Size, Share, Growth, Report, Forecast 2024-2032
Whole Milk Powder Market Outlook According to a new report by Expert Market Research titled, "Global Whole Milk Powder Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global whole milk powder market reached a volume of 6.38 million tons in 2023. Aided by increased popularity of dairy products and rising living standards, the market is projected to further grow at a CAGR of 3.1% between 2024 and 2032. Whole milk powder
More Releases for Automotive
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%. Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected
Automotive Gearbox Market,Automotive Gearbox Industry, Global Automotive Gearbox …
Latest industry research report on: Global Automotive Gearbox Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts This industry study presents the global Automotive Gearbox market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Automotive Gearbox production, revenue and market share by manufacturers, key regions and type; The consumption of Automotive Gearbox in volume terms are also provided for major countries (or regions), and for each
Automotive Windscreen Sales Market – Analysis of Automotive Windscreen Sales G …
Automotive Windscreen Market report provides an in detail study of Manufactures in the market which is based on the various objectives associated with an organization such as Analysis, Market Share, Regional Market Performance, Product Specification, and the Company Introduction. The latest market intelligence study on Automotive Windscreen Sales market relies on statistics derived from the application of both primary and secondary research to present insights pertaining to the operational model, opportunities
Global Automotive Windshield Pumps Market 2018- SHW AG, TRW Automotive, Delphi A …
Apex Market Reports, recently published a detailed market research study focused on the "Global Automotive Windshield Pumps Market" across the global, regional and country level. The report provides 360° analysis of "Global Automotive Windshield Pumps Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the Global Automotive Windshield Pumps industry, and estimates the future
Automotive Steering System Market Players: Mitsubishi Electric, TRW Automotive H …
Automotive steering system market is expected to grow with the CAGR of about 6% from 2016 to 2022. Due to increasing demand for the driving comfort & fuel efficient vehicle as well as increasing vehicle production globally will drive the Automotive steering system market. Market Scenario Steering is the connection point between car and driver. It provides control and the feel of the road and plays a key role in the vehicle’s