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Automotive Radar Market

Automotive Radar Market

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Automotive Radar Market

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  1. Automotive Radar MarketSet to Exceed USD 15,658.6 Million By 2026 | CAGR 21.6% “Automotive Radar Market [By Range (Short Range, Medium Range, Long Range); By Vehicle Type (Passenger Vehicles, Commercial Vehicles); By Sales Channel (OEM, Aftermarket); By Frequency (2X-GHZ Radar Systems, 7X-GHZ Radar Systems); By Application (Blind Spot Detection, Adaptive Cruise Control, Intelligent Parking Assistance, Autonomous Emergency Braking, Others); By Region]: Market size & Forecast, 2017 – 2026”

  2. Automotive Radar Market Estimate & Forecast to 2026 The global automotive radar market is anticipated to reach $15,658.6 million by 2026 according to a new research published by Polaris Market Research.  In 2017, the adaptive cruise control application dominated the global market, in terms of revenue. In 2017, Europe accounted for the majority share in the global Automotive Radar market. The expanding global automotive industry, along with increasing popularity of autonomous vehicles majorly drives the market growth. Higher frequency radar systems are being used in vehicles owing to their improved performance, increased reliability, and higher accuracy. The adoption of automotive radar systems has increased significantly owing to increasing road traffic, growing incidences of road accidents, and growing need to improve road safety. Other factors driving the market growth include growing disposable income, technological advancements, and changing lifestyles. New emerging markets, emerging consumer demographics, and stringent government regulations would provide growth opportunities for Automotive Radar market in the coming years. Automotive radars use 76 GHz to 81 GHz technology platform for easier development and use of individual sensors for multiple purposes. Use of wider bandwidth provides higher resolution and enhanced object recognition. The 79 GHz project founded by the European Commission aims to speed up global agreement to use the 79 GHz band for vehicular radars. The Russian Federation, Ukraine, Turkey and the Balkan region have approved the use of the 79 GHz band for automotive high-resolution short range radars.

  3. Automotive Radar Market Estimate & Forecast to 2026 In 2017, Europe accounted for the highest share in the global Automotive Radar market. Established automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The introduction of stringent government regulations for vehicular and road safety accelerates the adoption of automotive radars. Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, leading to rising living standards and high disposable income. Expansion of global players into these countries to tap market potential boosts the market growth. Access Research Report On Automotive Radar Market The well-known companies profiled in the report include Delphi Automotive PLC, Denso Corporation, Continental AG, Infineon Technologies AG, Analog Devices, Inc, ZF Friedrichshafen AG, Robert Bosch GmbH, NXP Semiconductors, Texas Instruments Incorporated, Autoliv Inc., and Hella KGaAHueck & Co among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

  4. Automotive Radar Market Size Request for Sample

  5. Automotive Radar Market Study – Engagement Options Buy Now – Click Here! Buy now & have immediate access to premium insights Purchase Report Sections – Click Here! Regional analysis Segmentation analysis Industry outlook Competitive landscape Speak To Analyst – Click Here! Get your doubts clear Schedule a call with our analyst before making any decision Request For Sample Pages – Click Here! Get free sample pages Understand report structure Unmask data for validation

  6. About Us Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to e present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Web: www.polarismarketresearch.com

  7. Thank You! Contact Us : Polaris Market Research30 Wall Street8th Floor, New York City, NY 10005,United States E mail Id: sales@polarismarketresearch.com Phone: +1-646-568-9980

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