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Automotive Radar - Market Outlook | Recent Trends and Growth Forecast 2020-2025

New research report on Automotive Radar market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Automotive Radar market also includes an in-depth study of the industry's competitive scenario.

Favorable government initiatives that mandate the incorporation of safety and control systems into automobiles to reduce the number of road accidents and related casualties will drive demand. Growing sales of motor vehicles, especially luxury cars have significantly spurred revenue growth. Economic factors such as low interest rates and rise in disposable income have positively contributed towards increase in auto sales. Introduction of advanced driver assistance systems (ADAS) in passenger cars could offer significant growth opportunity for the automotive radar market size.

Automotive Radar Market size is expected to reach USD 8.98 billion by 2024; according to a new research report

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The shift towards self-driving cars could significantly boost revenue as more sensors and data processing devices are required to make autonomous decisions. According to a 2014 UN Road Safety Collaboration study, 90% of traffic incidents are caused by human error. Autonomous vehicles with intelligent sensors can help overcome the problem.

Automotive Radar - Market Outlook | Recent Trends and Growth Forecast 2020-2025
Automotive Radar - Market Outlook | Recent Trends and Growth Forecast 2020-2025

Request Sample Copy of this Report @ https://www.cuereport.com/request-sample/12092

High frequency radar systems in the 79GHz band tend to perform better than the standard 24 GHz and 76 GHz bands as they offer greater capability and reduces device size. Sensing technologies enable lane keeping, driver assistance and forward collision warning alerts. Additionally, they constitute for advanced systems such as automatic emergency braking. The automotive radar market share is characterized by outsourcing of manufacturing process to low-cost countries to leverage low labor costs.

Key insights from the report include:

The U.S. FMCSA (Federal Motor Carrier Safety Administration) has collaborated with the truck industry for testing and evaluating the use of on-board safety systems in order to reduce the severity and number of commercial motor vehicle crashes. Innovation in image sensing technology and falling prices of cameras are driving the adoption of camera-based sensors worldwide.

ACC (adaptive cruise control) accounts for 34% of the automotive market share and is expected to grow at 17.7% from 2016 to 2024. The capability of monitoring as well as maintaining user-specified gap between the vehicles will surge demand.

BSD (blind spot detection) system generates alert signals whenever other vehicle arrives into the blind region providing more time for drivers to react against obstacles that are not clearly visible in the rearview mirror.

China accounted for more than 45% of the overall Asia Pacific automotive radar market share in 2015. Growth across the region can be dedicated to potential automotive sales as well as production through 2024.

Germany automotive radar market size was valued is forecast to exceed USD 500 million by 2024. Existence of major automobile manufactures in the region will drive growth prospects.

Sensor manufacturers establish relationships with several wafer foundries, test and assembly subcontractors to enhance cost effectiveness and provide flexibility in meeting the manufacturing needs.

Key automotive radar market players are NXP, Infineon, and STM. Other major players in the industry include Valeo, ZF TRW Automotive, Texas Instruments, Hella, Robert Bosch, Fujitsu, Delphi Automotive, Denso, Autoliv, and Continental.

Global Market Insights has segmented the automotive radar market on the basis of application and region:

Automotive Radar Application Analysis (Revenue, USD Million, 2013 – 2024)

Adaptive Cruise Control (ACC)

Blind Spot Detection (BSD)

Lane Departure Warning System (LDWS)

Parking Assistance (PA)

Forward Collision Warning System (FCWS)

Automotive Radar Regional Analysis (Revenue, USD Million, 2013 – 2024)

North America

U.S.

Europe

Germany

France

Asia Pacific

China

Japan

Latin America

Brazil

MEA

Major Highlights from Table of contents are listed below for quick lookup into Automotive Radar Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Automotive Radar Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Automotive Radar Market Statistical model and forecast
  • Industry insights and validation
  • Automotive Radar Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Automotive Radar industry 360º synopsis - 2025
  • Automotive Radar Business trends
  • Region trends

Chapter 5. Automotive Radar industry Insights

  • Automotive Radar Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Automotive Radar Market Growth potential analysis

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