The Automotive radars play an effective role
in detecting objects in several safety systems involving adaptive cruise
control, unimaginative detection system, unsighted spot detection, and
automated alternative braking. While, the increasing aim on active protection
features, modernizations in the radar technology, deducting costs of
components, and growing sales of vehicles are the fueling aspects for the
market growth. Moreover, in order to attain widespread vehicle autonomy, it is
indispensable for the automakers to aim on the improvement of the radar
technology and consequently on the deduction in the structure of the radar
systems. One of the foremost steeplechases hindering the growth of the
automotive radars is the shortage of uniform frequency distribution around the
region.
For instance, the effective usage of the
higher frequency band is likely to lead to sophisticated resolution benefits
and increase the usage of a single technology for all applications, thereby
decreasing the perils of mutual intervention. According to the report analysis,
‘Asia
Pacific Market Insights on Automotive Radar: Insights and Forecast, 2018-2024:
Emphasis on Radar Range (Short Range Radar & Mid-Range Radar (S&MRR),
Long Range Radar (LRR)), Applications(Adaptive Cruise Control, Autonomous
Emergency Braking, Intelligent Parking Systems, Blind Spot Detection, Collision
Mitigation System, Others)’ states that in the Asia Pacific market
Insights on Automotive radar there are numerous key players which recently
functioning more significantly for leading the fastest market growth and
dominating the high value of market share over the forecasted period while
increase the automotive production and sales, increasing the penetration of
premium and luxury vehicles and studying the government regulations for the
vehicle and road protection includes Continental AG, Robert Bosch GmbH, Denso
Corporation, Delphi Automotive Plc, Infineon Technologies AG, NXP
Semiconductors NV, Valeo SA, Analog Devices Inc, Hella KGaA Hueck and Co, Texas
Instruments Inc. and several others.
In terms of revenue, the Asia Pacific region
is a developing market for automotive radar segment, which is principally
backed by the low-cost economy sourcing and high-level of industrialization in
the economy. In addition, Asia Pacific region is among the foremost car
manufacturing hub in the globe and is home to some of the conspicuous car
manufacturers such as Nissan, Hyundai, Honda, and Toyota, among others.
Whereas, based on the application, among the application areas, adaptive cruise
control is estimated to be the largest market during the review period. Not
only has this, the market value of autonomous emergency braking application is
predicted to be the fastest increasing during the review period.
Segmentation by frequency band, owing to the
effective augment in requirement of 2X GHz radars in Asia Pacific, this sector
controlled the highest market share in 2017. However by 2021, the market value
of 7X GHz radars is estimated to outstrip the market of 2X GHz radar and is
predicted to continue dominant by 2024. Sideways, in 2017, China registered the
Asian market, the foremost aspects attributed to this was the existence of huge
automotive industry, availability of the numerous radar suppliers and increase
in the economic conditions of the consumers, among others. Therefore, in the
coming years, it is estimated that the Asia Pacific Market Insights on
Automotive radar will increase more significantly over the coming years.
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Contact Us:
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91
9015378249
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