May 24, 2019 by Steve Blade
The global automotive radar market holds impressive growth prospects in the foreseeable future and the roughly US$ 2 Bn automotive radar market revenue is predicted to reach the value beyond US$ 7 Bn over 2017-2022. Prominently driven by automotive and automotive radar manufacturers to adopt technology innovations for greater road safety, the global market for automotive radar is expected to gain a major boost by several initiatives by governments across the globe. The report examines the global automotive radar market within a five-year projection period 2017-2022, with an objective to deliver a set of precise yet exhaustive insights on the current as well as futuristic performance of the global automotive radar space.
Automotive industry is in the cusp of enormous technological transformation with growing emphasis on connected automobile system. With the advent of IoT, automobile vendors are embracing sophisticated technologies for innovations in future-ready automobile solutions. Safe and hassle free driving remains amply important, therefore modern vehicles are equipped with advanced solutions such as Advanced Driver Assistance Systems (ADAS) to ensure safe and comfortable drives. Soaring number of road accidents continue to remain persistent challenge, to offset which automated driving solutions have attained significant adoption in recent years.
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Emergence of such advanced driving systems has augmented adoption of advanced automotive radars that remain highly significant in object detection. Emergence of driverless vehicles further reinforce greater adoption. Need for safe driving has been increasingly promoted by governments across the globe. Surged number of road accidents often resulting in fatality have paved way for stringent government regulations, necessitating adoption of automotive radar technology. On the back of stringent regulatory framework, Europe is anticipated to remain at the fore in terms of maximum adoption of automotive radar technology, thereby stimulating ample market growth.
Amidst surged demands, leading market vendors are increasingly banking upon strategic coalitions, mergers, buy-outs, and acquisitions to remain at the fore. Need for sophisticated, new technological innovations remain crucial amongst players. Besides technological innovations comprising mid-level automotive applications, leading players are also diversifying product portfolio with the development of short-range, high resolution radar for driverless vehicles. Developments as such are expected to keep the growth pace optimistic in the coming years.
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Automotive Radar Market: Overview
The automotive radar market has been analyzed in detail to offer definitive forecast insights on the market for the period 2018-27. This report is an exhaustive compilation of a detailed overview of automotive radar market and analyzes the market in terms of market dynamics, macro and micro-economic determinants that shape market growth, also shedding light on other relevant factors that direct future prospects of the market trajectory.
The report aims to offer readers with ample competitive advantage and cues on market entry barriers, based on which aspiring market entrants as well as established players can drive profitable investment discretion. To aid readers’ understanding the report is systematically classified into detailed chapters. In its trailing sections the report also includes a detailed chapter on segmental analysis of automotive radar market to offer veritable insights on segments’ historical and future growth estimations. Further in the course of the report readers are also enlightened about regional assessment of pivotal factors. The report also entails a country-wise assessment and forecast estimations for automotive radar market.
Automotive Radar Market: Competition Landscape
This section of the report offers a detailed section on key contributors in automotive radar market. A dashboard view of each of the mentioned profiles complete with detailed insights on their respective SWOT analysis along with detailed assessment of their product portfolio, market contribution, as well as recent developments have been slated to aid readers’ understanding about the competition spectrum.
Delphi Automotive PLC, Continental AG, Infineon Technologies AG, Robert Bosch GmbH, Analog Devices, Inc, Denso Corporation, NXP Semiconductors N.V., Hella KGaA Hueck & Co., Texas Instruments, Inc., ZF Friedrichshafen AG, and Autoliv, Inc. constitute some of the top ranking participants in the global competitive landscape of automotive radar market.
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