Automotive RADAR Market Size – Industry Share Report 2021

Automotive RADAR Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2021 Market Research Report to It’s a Database.

The global automotive RADAR market is projected to reach a market size of USD 6.61 billion by 2021, growing at a CAGR of 23.81% from 2016 to 2021. The major factors driving the growth of this market include introduction of driver assistance technologies as per government regulations in passenger as well as commercial vehicles and rising awareness about vehicle and pedestrian safety. The rising trend of autonomous and semi-autonomous vehicles, which use automotive RADAR systems, is also an important factor to be considered.

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The 7X-GHz frequency band was estimated to be the fastest growing segment of automotive RADAR market in 2016. The 7X-GHz systems are expected to drive the future RADAR growth as the majority of industry players are currently working on developing more 7X-GHz systems at a lower cost. The European Commission is also in favor of legalizing the use of 79–GHz RADAR sensor for automotive ADAS applications.

The mid-priced passenger vehicle type is estimated to hold the largest market size during the forecast period. This is because most of the mid-priced passenger vehicles are being incorporated with the automotive RADAR based ADAS applications, which were initially equipped in luxury vehicles only. The reduced cost of components, along with increased participation of major players across the eco-system, has also helped to reduce the overall cost of RADAR based ADAS features. This has favored the implementation of these features into the mid-priced passenger vehicles at an affordable price.
The study contains insights provided by various industry experts, ranging from RADAR manufacturers to automobile OEMs and various automotive associations.

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Key Points From Table Of Content:

10 Company Profiles

10.1 Continental AG
10.2 Robert Bosch GMBH
10.3 Delphi Automotive Plc
10.4 Denso Corporation
10.5 Infineon Technologies Ag
10.6 NXP Semiconductors N.V.
10.7 Valeo S.A.
10.8 Analog Device Inc
10.9 Hella Kgaa Hueck & Co.
10.10 Texas Instruments Inc
10.11 Autoliv Inc.
10.12 ZF Friedrichshafen Ag
10.13 Key Insights Of Industry Experts
10.14 Discussion Guide
10.15 Introducing RT: Real Time Market Intelligence
10.16 Available Customizations
10.17 Related Reports

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Research Coverage:

The report covers the global automotive RADAR market based on range type (long range radar, short and medium range radar), application (ACC, AEB, FCWS, BSD, Intelligent Parking Assistance, and Others), by frequency (24-GHz and 7X-GHz), by vehicle type, and region (North America, Europe, Asia-Pacific, and RoW).

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This release was published on openPR.