Automotive Radar Market Portrays High-End Demand across Major Geographies during 2019-2029

Posted on 2020-01-30 by Mark Hub in Automotive // 0 Comments

The study by Fact.MR sheds light on the incorporation of path-defining and disruptive technology that is radically changing the face of the automotive radar market. Innovations in automotive radars are spelling success for key stakeholders in the market as they circumvent treacherous driving conditions with the advent of specialized radars. These radars are smaller, spherical and shape and are paving the way for an immersive 360-degree view of the landscape thus affording drivers with a seamless and a smooth driving experience. Delivering top-notch efficiency, these new and improved radar solutions are spearheading a robust automotive radar market growth over the forecast period.

The keyword market study outlines the key regions – Latin America, North America, MEA, Japan, Europe and APEJ – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are HELLA KGaA Hueck & Co., NXP Semiconductors, Denso Corporation and many others.

Till now limitations in radar resolution have inhibited the growth of automotive radar market to some extent. However, ultra-high resolution technology using 4D technology will play a pivotal role in not only improving the functionality of automotive radars but also provide a 4 dimensional experience which will help to mitigate driving risk and enhance safety. Fact.MR opines that leading industry stakeholders could easily capture top revenue pockets of this market through affordability and exclusive proprietary rights on product portfolios.

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The Fact.MR report offers a forecast of the automotive radar market for the period 2019-2029. Advancements in technology are urging market players to invest heavily in R&D activities. Increasing demand for autonomous vehicles and changing regulatory frameworks are accentuating the market demand for automotive radars.

Advanced Driver Assistance Systems (ADAS) will soon be mandated with the promulgation of a stringent regulatory environment by regions that are leading in the automotive radar market. Europe which intends to make its roads the safest in the world will benefit immensely with the proliferation of automotive radar technology. As the race towards development of self-driven automotive technology gathers momentum, the automotive radar market will gain immense traction. With governments zeroing in on regulations that obliterate and eliminate road accidents, this will create a favorable scenario for autonomously driven vehicles thus promising attractive growth prospects for the automotive radar market.

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Adaptive cruise control will continue to remain a popular and lucrative safety feature in the automotive radar market as automakers are stressing on its importance as a safety tool. Short range radars will showcase hidden opportunities, accounting for half of the total value of the automotive radar market. Automotive radars will continue to be deployed in personal and luxury cars thus making passenger cars the top revenue generating pocket in the automotive radar market. Leading players like Continental AG and Robert Bosch are disrupting the market with cutting edge products, strategic expansions and agreements with other stakeholders to capture large parts of the market.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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