Automotive Radar Market : Current trends, Opportunities, Challenges and Forecast by 2025

Automotive radar system is one of the key components of advanced driving assistance systems which are developed for automating and enhancing vehicle systems for better driving and safety. Automotive radar systems are used for the timely identification of possible adverse situations, comprising identifying susceptible road user, detecting collision, averting accidents and checking sightless spot revealing. Automotive radar sensors note crucial information such as doppler velocity, range and angle. The information is then used by the radar system for determining the driving situation and warn the driver in case of need. Advanced radar systems are also capable of taking control of the vehicle and avoid the crash in case the driver fails to take an appropriate action in time. Radar systems are appearing in several passenger vehicles across the globe owing to growing customer awareness about features such as high commercial recognition.

The global automotive radar market is being strongly driven by the increasing concerns and awareness related to driver, passenger, pedestrian and vehicle safety coupled with the growing involvement of the key players across the ecosystem. Increasing safety awareness among customers is propelling the growth of the market. In order to avert car smashes, in 2015, the U.S. National Highway Traffic Safety Administration announced the mandatory fitting of automatic emergency braking systems in the cars launching with the model year 2018. Further, increasing inclination towards autonomous vehicles is also contributing to the global market growth of automotive Human Machine Interfaces.

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The global automotive radar market can be segmented on the basis of range type, application, vehicle type and region. Based on range type the global market can be segmented into short & medium range radar and long range Human Machine Interface. Short & medium range radar is anticipated to hold a larger share of the market during the forecast period as these have more applications in several driver assistance systems including intelligent parking assist, blind spot detection and cross traffic alert.

By application, the automotive radar market can be segregated into adaptive cruise control, blind spot detection, forward collision warning system, lane departure warning system, autonomous emergency braking and intelligent parking assistance. Adaptive cruise control has the highest growth potential and this can be attributed to the increased autonomous level in this system and its benefits associated to vehicle safety. Additionally, the market can be classified by vehicle type into economic passenger vehicles, mid-range passenger vehicles, luxury passenger vehicles and commercial vehicles.

Mid-range passenger vehicles is set to lead the automotive radar market as the market is shifting towards these vehicles owing to increased safety awareness and reduced overall system cost. The global automotive radar market can be further classified geographically into North America, Europe, Asia Pacific, South America and Middle East and Africa. Europe is expected to lead the global market during the forecast period, with Germany being one of the earliest adopters of advanced technologies. Other countries in Europe such as the U.K., Netherlands and Belgium are also witnessing high rate of technology adoption, driven by some of the most stringent vehicular safety regulations.

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The global automotive radar market report provides the market share analysis of the key industry participants operating in the industry. The global market comprises a considerable number of eminent auto-makers. These players have been exhaustively profiled and their business overview, financial overview, business strategies and recent developments have been covered under the purview of the report. Some of the major players operating in the global automotive radar market include Continental AG, Robert Bosch GmbH, Delphi Automotive PLC, Denso Corporation, Infineon Technologies AG, NXP Semiconductors N.V., Valeo S.A., Analog Devices, Inc., Hella KGaA Hueck & Co., Texas Instruments, Inc., Autoliv, Inc. and ZF Friedrichshafen AG among others.

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