A recent report published by Infinium Global Research on automotive radar market provides an in-depth analysis of segments and sub-segments in the global as well as regional automotive radar market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive radar market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global automotive radar market. According to the report, the global automotive radar market is projected to grow at a CAGR of 22.5% over the forecast period of 2019-2025.
Automotive radar is used as an advanced driver-assistance system to locate objects, such as vehicles and pedestrians, in the vicinity of the car. Its long range is for adaptive cruise control and medium range for lane change assistance and cross traffic alert and short range for an obstacle or pedestrian detection and parking aid. A radar consists of a receiver and a transmitter. The transmitter transmits radio waves that hit an object and return back to the receiver. By monitoring the direction in which radio waves are sent and received it is possible to detect objects distance, direction and speed. New automotive radar solution includes processor, transceiver, power management IC. The new radar solution is set to accelerate the deployment of radar into production vehicles as well as lower the cost of development.
Increasing government regulations for road safety due to the growing number of road accident fuels the growth of the global automotive radar market. Increasing adoption of the advanced driver-assistance system by the original equipment manufacturers and the rising number of radar sensors in the vehicle are the driving factors for the growth of global automotive radar market. On the other hand, high price associated with automotive radar and sensors may hamper the growth of the global automotive radar. Furthermore, the adoption of advanced technologies such as autonomous or unmanned cars creates an opportunity for the automotive radar market. Government approval on the radar technology with a frequency of 79 GHz band in the emerging market also creates an opportunity.
Geographically, Europe region dominates by the largest market share in automotive radar market due to the adoption of advanced technologies, concerns about road safety and an increasing number of fleets in this region. Germany is the leading country for the manufacturing of vehicles. Furthermore, North America held the second largest market share owing to growth in the automotive sector. Moreover, the Asia-Pacific region expected to boost the growth of the automotive radar market due to the development of autonomous or unmanned vehicles. In Asia-Pacific, China holds the highest share followed by Japan and India. An increasing number of vehicle sales in China fuels the growth of automotive radar market.
The report on global automotive radar market covers segments such as vehicle type, range, frequency band, and application. On the basis of vehicle type, the sub-markets include passenger vehicle, and commercial vehicle. On the basis of range, the sub-markets include short-medium, and long. On the basis of frequency band, the sub-markets include 22 GHz, and 77 GHz. On the basis of application, the sub-markets include adaptive cruise control, blind spot detection, intelligent park assist, autonomous emergency braking, forward collision warning, and other applications.
The report provides profiles of the companies in the market such as Robert Bosch GmbH, Continental AG, Infineon Technologies AG, Delphi Technologies, Denso Corporation, NXP Semiconductors N.V., Texas Instruments, Inc., Valeo Management Services, HELLA KGaA Hueck & Co., and Autoliv Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automotive radar market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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