Press release
Automotive Radar Sensors Market & Trends Analysis Report Forecast Period 2025-2031.
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Segmental Outlook
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.
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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
by Range (Short-Range, Medium-Range, and Long-Range), and
by Application (Forward Collision Warning System, and Intelligent Park Assist)
Market Players Outlook
The major companies serving the global automotive radar sensors market include Aptiv, Continental AG, Denso Corp., Robert Bosch GmbH, Texas Instrument Inc., Infineon Technologies, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2020, NXP Semiconductors completed a suite of new radar sensor chipset solutions that can surround vehicles in a 360-degree safety cocoon and enable the identification and classification capabilities of imaging radar. The solutions comprised of new NXP radar processors and 77GHz transceivers, offer car makers flexible and scalable configurations that address NCAP requirements for corner and front radar applications.
The Report Covers
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global automotive radar sensors market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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