Automotive radar market to grow at over 17.7% CAGR from cruise control systems industry

Automotive radar market in adaptive cruise control systems industry accounted for over 36% of the overall revenue in 2015 and is expected to register a CAGR of 17.7% over 2016-2024. The growth can be credited to its ability to monitor and maintain user-specified distance between the automobiles. Its application in blind spot detection systems industry is expected to grow at a rate of 19.1% over the coming eight years. It makes the driver alert when another vehicle enters blind spot and provides more time for drivers to avoid collisions with the obstacles that are not clearly visible in the rear-view mirror.

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Asia Pacific automotive radar market size is predicted to witness a substantial growth over the coming years due to high automobile production and sales. China, which accounted for over 45% of the overall revenue in 2015, is expected to contribute significantly towards the regional share over the coming years. Europe automotive radar market share is expected to witness significant gains of 17.5% over the coming eight years. The growth can be credited to presence of key automotive industries in the region. Germany market revenue is projected to surpass USD 500 million by 2024.

Europe automotive radar market share is expected to witness significant gains of 17.5% over the coming eight years. The growth can be credited to presence of key automotive industries in the region. Germany market revenue is projected to surpass USD 500 million by 2024. Asia Pacific automotive radar market size is predicted to witness a substantial growth over the coming years due to high automobile production and sales. China, which accounted for over 45% of the overall revenue in 2015, is expected to contribute significantly towards the regional share over the coming years.

Key industry participants include Texas Instruments, Denso Corporation, Delphi Automotive, Infineon Technologies, TRW Automotive Company, Bosch Automotive Steering Private Limited, Fujitsu Limited, and Continental Corporation. The automotive radar market is characterized by frequent mergers & acquisitions as well as growth of next generation technology. Suppliers are focusing on developing cost-effective systems for mass-market automobiles, which can further catalyze industry growth.

Browse key industry insights spread across 88 pages with 44 market data tables & 28 figures & charts from the report, “Automotive Radar Market” in detail along with the table of contents:     https://www.gminsights.com/industry-analysis/automotive-radar-market

Glimpse of Table of Content (ToC):  –

Chapter 3 Automotive Radar Industry Insights

3.1    Automotive radar industry segmentation

3.2    Industry size and future growth prospects, 2013 – 2024

3.3    Industry ecosystem analysis

3.4    Industry Impact forces

3.4.1    Growth drivers

3.4.1.1    Consumer need for safety

3.4.1.2    Enhanced automobile safety ratings

3.4.1.3    Growing sales of luxury cars

3.4.2    Industry pitfalls and challenges

3.4.2.1    High cost

3.5    Growth potential analysis

3.6    Porter’s analysis

3.7    Company market share analysis, 2015

3.8    PESTEL analysis

 Chapter 4 Automotive Radar Application Insights

4.1    Global automotive radar market share by application, 2015 & 2024

4.2    Adaptive Cruise Control (ACC)

4.2.1    ACC market estimates and forecast, 2013 – 2024

4.2.2    ACC market estimates and forecast, by region, 2013 – 2024

4.3    Blind Spot Detection (BSD)

4.3.1    BSD market estimates and forecast, 2013 – 2024

4.4    Forward Collision Warning System (FCWS)

4.4.1    FCWS market estimates and forecast, 2013 – 2024

4.4.2    FCWS market estimates and forecast, by region, 2013 – 2024

4.5    Lane Departure Warning System (LDWS)

4.5.1    LDWS market estimates and forecast, 2013 – 2024

4.5.2    LDWS market estimates and forecast, by region, 2013 – 2024

4.6    Parking Assistance (PA)

4.6.1    PA market estimates and forecast, 2013 – 2024

4.6.2    PA market estimates and forecast, by region, 2013 – 2024

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