According to a new market research report published by Global Insight Services “ Automotive Radar Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Automotive radar is a technology that uses radio waves to detect and track objects in the vicinity of a vehicle. It is most commonly used in adaptive cruise control, automatic emergency braking, and lane-keeping systems. Radar works by sending out a pulse of radio waves and then measuring the time it takes for the waves to bounce back off of an object. The distance to the object can be calculated based on the speed of the waves and the time it takes for them to return.
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Top Key Players in Automotive Radar market: Robert Bosch GmbH, Hella KGaA, Continental AG, Denso Corporation, Delphi Automotive PLC, Autoliv Inc., Valeo S.A.
Key Trends
Increased use of radar for driver assistance and safety systems: Automotive radar is increasingly being used for driver assistance and safety systems such as adaptive cruise control, automated emergency braking, and blind-spot detection.
Key Drivers
The increasing stringent government regulations regarding vehicle safety are another key factor driving the automotive radar market.The advanced features offered by automotive radar such as long-range detection, object detection in all weather conditions, and the ability to work in conjunction with other ADAS sensors are some of the other key factors driving the automotive radar market.
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Market Segments
The automotive radar market is segmented by application, vehicle type, and region. By application, the market is classified into adaptive cruise control, blind-spot detection, and others. Based on vehicle type, it is bifurcated into commercial vehicles, and passenger vehicles. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Reasons to buy Automotive Radar Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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