RADAR is electronic equipment which
effectively utilized for tracking an object and an abbreviation for Radio
Detection and Ranging. The Automotive RADAR is a system, which detects objects within
its radius utilizing radio waves to decide the spread field, speed and angle.
It was primarily advanced for the defense and military determination, but is
utilized in the automobiles owing to the ongoing technological advancements,
The automotive radar devices are installed in the passenger vehicles in the
variety of radar sensors for delivering the information namely angle, range and
Doppler velocity. Such information form the sensors supports the driver to dodge
collision.
The worldwide Automotive RADAR market is fueled by increase in the government
rules and regulations for the vehicle protection and augments in the acceptance
of advance driver assistance system (ADAS) technology by inventive equipment
manufacturers (OEMs). Not only has this, increase in the number of radar
sensors utilized per vehicle boom up the market growth. According to the report
analysis, ‘Global 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 global market insights on Automotive Radar, there are
numerous key players which presently functioning more positively for leading
the fastest market growth and registering the highest value of market share
across the globe more positively while surging the acceptance of ADAS by OEMs,
stimulating the requirement for the Luxury Segment Vehicles, augmenting the
interest and funding towards the autonomous cars and surge in the number of
RADAR sensors utilized per vehicle 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 automotive
radar market has effectively observed an overall increase during the reviewed period.
Increasing number of road accidents, effective increase in the adoption of ADAS
technology across mid-priced and premium sector vehicle and changing vehicle
safety regulation have melodramatically propelled in the growth of the market
on a global scale. Moreover, based on the country, in value terms, the North
America underwritten the largest market in 2016, due to the rigorous safety
regulations in the country. Effective augment in the awareness towards safety
features has also propelled the requirement in the region followed by European
region which is expected to be the foremost market for automotive radar during analyze
period.
On the basis of RADAR range, the
maximum contribution in revenues is registered by the short and medium range
radar, and the similar is estimated to follow during the forecast period. Due to
the growing government regulation pertaining to road well-being and increasing preference
of Advance Driver Assistance System (ADAS) application among others. Therefore,
in the near years, it is predicted that the Global Market Insights on
Automotive Radar will increase around the globe more positively over the coming
years.
For
more information on the research report, refer to below link:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
