Automotive Radar Market Growth Is Skyrocketing Beyond Predictions Over 2019-2024

The automotive radar market will witness innovative technological developments and strategic collaborations & partnerships over the coming years. Market players will focus towards improving their product and solution portfolios with respect to the cost features, to sustain the competitive business scenario. Key automotive radar industry participants include Valeo, ZF TRW Automotive, Hella, Fujitsu, Delphi Automotive LLP, Texas Instruments, Robert Bosch GmbH.

Asia Pacific automotive radar market will attain significant growth over the estimated period, driven by the rapid expansion of the automotive industry across this region. China is likely to be the major revenue pocket for APAC, having accounted for 45% of the overall revenue in 2015. Europe market share is anticipated to record a CAGR of 17.5% over the forecast timeframe.

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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. 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 Benefits-

  • To track and analyze competitive developments, such as product launches, agreements, partnerships, collaborations, and acquisitions in the global automotive radar market
  • To forecast the size of the market segments with respect to four major regional segments namely North America, Europe, Asia Pacific, and The Rest of The World (Latin America and The Middle East & Africa).

Key Automotive Radar Market participants include Valeo, ZF TRW Automotive, Hella, Fujitsu, Delphi Automotive LLP, Texas Instruments, Robert Bosch GmbH.

Blind spot detection (BSD) is another lucrative application area of automotive radar market. Automotive radar industry share in BSD industry is anticipated to grow at a rate of 19.1% over the coming seven years, owing to the collision sensing capability of this system, in case some other vehicle enters the blind spot. Automotive radar market size is also witnessing a favorable growth in forward collision warning system (FCWS), owing to the rising norms pertaining to the vehicle safety.

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 4  Automotive Radar Application Insights

4.1    Global 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

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/automotive-radar-market

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