Press release
Automotive Radar Sensors Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)
The global automotive radar sensors market is segmented based on range, and application. Based on range, the market is bifurcated into short-range, medium-range, and long-range. Based on application, the market is sub-segmented into forward collision warning systems, and intelligent park assist. Among the application, the forward collision warning system segment is anticipated to hold a prominent market share, while the market for the intelligent park assist segment is estimated to witness the fastest growth.
Among the range segments, the medium range segment is expected to grow at a significant rate, owing to the growing awareness regarding vehicle safety among consumers along with the technological advancements introduced by key players in the market. For instance, in September 2021, ZF launched its next-generation mid-range radar to support advanced ADAS safety functions and enhance the available ZF co-ASSIST semi-automated system on the Dongfeng Aeolus Yixuan MAX in China. ZF's mid-range radar is a high-performance 77GHz front radar designed to meet 2022+ Euro NCAP 5-Star Safety Ratings and enable semi-automated driving functions.
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Automotive Radar Sensors Market Segmentation
By Range
Short range
Medium-Range
Long-Range
By Application
Forward Collision Warning System
Intelligent Park Assist
A full Report of Automotive Radar Sensors Market is Available @ https://www.omrglobal.com/industry-reports/automotive-radar-sensors-market
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Analog Devices Inc.
Borgwarner Inc.
Infineon Technologies
Microbrain
Nxp Semiconductors
M.S Smart Microwave Sensors GmbH
Sencept Ab
SGR Semiconductors Inc.
Valeo
Veoneer Inc.
ZF Friedrichshafen AG
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