Automotive Radar Applications Market 2018
Automotive Radar Applications Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2022. Automotive Radar Applications Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2022
Global Automotive Radar Applications Industry Market Information Report by application (Parking Assistance, Forward Collision Warning System, Adaptive Cruise Control, Lane Departure Warning System, and Bling Spot Detection), By Frequency (24 GHz, 77 GHz, and 79 GHz), By Technology (LiDAR, Millimeter Wave Radar, Camera, and Ultrasonic Radar) and By Region – Global Forecast To 2022.
Market Scenario of Global Automotive Radar Applications
The automotive radars are devices used in advanced cruise control systems to direct a vehicle’s accelerator and braking systems. It also helps maintain a distance between two vehicles. The radar sensors take note of vital information, such as doppler velocity, range and angle. This information is used to determine the driving situation and intimate the driver of potentially dangerous events ahead.
The major drivers for automotive radar application industry market are increase in awareness about the driving safety among the end consumers and various government initiatives to reduce the road accidents.
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The key players in the global automotive radar applications market are Robert Bosch GMBH (Germany), Panasonic Corporation (Japan), Valeo (France), Continental AG (Germany), TRW Automotive (U.S.), Hella KGAA Hueck & Co. (Germany), Delphi (U.K.), Sabertek (U.S.), Denso (Japan), Fujitsu Ten Ltd (U.S.).
Europe accounts for the largest share of 35.98% in the global automotive radar applications market in 2015. Europe is one of the major revenue generator as well as producer of automotive radar however, for the manufacturer there will be an extreme opportunity to invest or increase the production capacity. It is followed by North America which accounts for 26.16% for the market share.
Europe is leading the market
Europe is one of the major revenue generator as well as producer of automotive radar however, for the manufacturer there will be an extreme opportunity to invest or increase the production capacity. Germany stands on the top most position as producers and consumer which account the total of around 21% of the global market. North America is the second largest region that will fuel this market.
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We recognize the key players in the Robert Bosch GMBH (Germany), Panasonic Corporation (Japan), Valeo (France), Continental AG (Germany), TRW Automotive (U.S.), Hella KGAA Hueck & Co. (Germany), Delphi (U.K.), Sabertek (U.S.), Denso (Japan), Fujitsu Ten Ltd (U.S.).
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global automotive radar application market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
The major drivers for automotive radar application industry are increase in awareness about the driving safety among the consumers and various government initiatives that have been taken to lessen the road accidents. Due to the huge surge in the number of accident fatalities worldwide, significant emphasis is being given to improving road safety legislations and making vehicles safer. This, in turn, is increasingly driving the adoption of automotive radar application and subsequently increasing the demand for radar sensors.
The report has analyzed the market based on the four segments: Frequency, Technology, application, and, region. On the basis of Technology, LiDAR is leading the market was valued at USD 490.9 million. Based on Application, Adaptive Cruise Control is estimated to be the leading automotive radar market with a market size of USD 416.4 million in 2015. On the basis of frequency, 79 GHz is expected to be the fastest-growing segment of the automotive radar application industry market over the forecast period. The use of long-range (79GHz) radar sensors in combination with LiDAR sensors for route mapping purposes will account for the high growth of this market segment.
The report for Global Automotive Radar Applications Industry Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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