Global Automotive Radar Market Growth Rate By Applications 2017 to 2025
Global Automotive Radar Market research report 2025 : Top Companies, Regional Growth Overview And Growth Factors Details By Regions, Types & Applications
According to a new report published by Reports Monitor titled, “Global Automotive Radar, Growth Opportunities, Innovations and Forecast, 2018-2025,” the Automotive Radar market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
The global automotive radar market focus on active safety features, decreasing prices of components, innovations in the radar technology and increasing sales of vehicles are the drive through factors for market growth.
Radars play a crucial role in detecting objects in different safety systems including pedestrian detection system, adaptive cruise control, automated emergency braking and blind spot detection.Additionally, the decreasing vehicle electronic costs and advancements within the automotive technology are probably to support the usage of automotive radar. Expansion in the industrial and manufacturing sector has contributed in the increased demand for automobiles for ease of transportation, thereby boosting the growth of Automotive Radar market. However, the adverse environmental impact owing to the refrigerants used may result in hampering the growth of market.
This report provides a detailed analysis of Automotive Refrigerant, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
The global automotive radar market is majorly segmented on the basis of type, application, range, frequency band. Based on range radar market is classified into Long Range Radar(LRR), Short and Mid-Range Radar (S&MRR). Further, based on type global automotive radar market is segmented into commercial vehicle, economic passenger vehicle, luxury passenger vehicle and mid-priced passenger vehicle while, based on application it is bifurcated into Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Blind Spot Detection (BSD), Forward Collision Warning System (FCWS) and Intelligent Parking Assistance (IPA). Additionally, based on frequency band radar market is segmented into 2X-GHz,7X-GHz.
Based on the geographical regions covered, the global automotive radar market is analysed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). The growing awareness regarding vehicle safety systems and their resultant advantages are a number of the factors propelling growth of the market of automotive radar. The Latin American market is showing positive growth signs due to the strong support for the use of the seventy nine GHz band for transport short-range radar.
The major key players operating in the market are: Robert bosch GmbH, HELLA KGaA, Continental AG, Denso corporation, Delphi automotive PLC and Autoliv In.
About Garner Insights:
We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.