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77Ghz Automotive Radar Global Market Growing at a CAGR of 18.7% From 2016 to 2022 - Market Research HUB
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According to Research, the Global Automotive Radar market is accounted for $1.2 billion in 2015 and is expected to reach $3.9 billion by 2022 growing at a CAGR of 18.7% from 2015 to 2022. The factors such as increasing advancements in design and functionality of products, growing use of parking and collision sensors and increasing the demand for self driving automotives are the factors favoring the automotive radar market growth. However, high cost of mechanical and optical parts with MEMS micro mirror is the major factor hampering the market growth.
In Automotive Radar technology, Millimeter-wave radar segment is expected to witness high growth rate due to its developing features. Asia Pacific automotive radar market share is estimated to witness substantial gains, due to its strong outlook in the application industries. Increasing requirements can be accredited to low manufacturing costs which are accompanied by surging automotive sales across the region.
Some of the key players in this market include are OmniVision Technologies Inc., Shenzhen Viracle Electronics Co. Ltd, Analog Devices Inc., TRW (ZF) , Hella Kgaa Hueck & Co., Fujitsu Ten, Continental Automotive , Bosch , Texas Instruments Inc., Freescale Semiconductor Inc.,OmniVision Technologies Inc., Delphi Inc., Autoliv, Valeo and Denso Corp.
Application Covered:
• Parking assistance
• Forward collision warning system
• Adaptive cruise control
• Lane departure warning system
• Blind spot detection
Frequency Covered
• 24GHz chips
• NarrowBand (NB)
• Ultra-WideBand (UWB)
• 77GHz chip
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of 77GHz Automotive Radar in these regions, from 2012 to 2022 (forecast), covering:
United States
EU
China
Japan
South Korea
India
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Browse Full Report With TOC: http://www.marketresearchhub.com/report/global-77ghz-automotive-radar-market-research-report-2017-report.html
In a word, the report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.
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