Automotive Radar Market size was valued at US$ 4.08 Bn. in 2020 and the total revenue is expected to grow at 12.6 % through 2021 to 2027, Automotive Radar Market is reaching nearly US$ 10.03 Bn. by 2027.
Automotive Radar Market Overview:
The term automotive radar refers to a technology placed in cars that detects the speed and range of objects in the area. It locates objects using a transmitter that puts out radio waves that contact the target and then bounce back to the receiver, allowing the distance, speed, and direction of the object to be determined. This aids in the avoidance of crashes, the detection of pedestrians and bicycles, and the complementation of the vision-based camera-sensing system. There are several different types of car radars on the market.
The Automotive Radar Market Size Analysis, 2021 market research report is in-depth, giving you all the information you need to make informed industry decisions and develop strategic growth plans. Regardless of the production method or cost structures, this report provides a full understanding of advanced tactics and plans.
Automotive Radar Market Scope:
The research examines the most important market trends and how they will affect new business investments and development in general. New technology, foreign entry, new rules, government investment, new uses, and other industry dynamics are all influenced by market trends. This study includes a detailed trend analysis to assist you in making educated industry decisions in the Automotive Radar market.
The Automotive Radar Market Industry 2021 Market Research Report provides exclusive key statistics, facts, information, trends, and competitive landscape insights in this particular field. The current situation of the Automotive Radar market is examined, and the market is forecasted till 2027. Company profiles, product images and specs, capacity, production, price, cost, revenue, and contact information for global leading manufacturers of Automotive Radar market share are likely to be included in the study. Raw materials and equipment are also available.
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Automotive Radar Market Segmentation:
Based on Range Type, market is sub-segmented into long range, medium range, and short range. In 2020, medium and short range radar has the biggest market share and it is expected to grow at the fastest rate. These radars are widely employed in vehicle safety systems to identify objects in the area. Blind spot detection, lane change assist, and park assist are among the functions available. Over the forecast period, the market is expected to be driven by falling radar prices and the growing need to use more than two radars per system for improved performance. The rising acceptance of ACC in mid-priced automobiles is likely to drive growth of the long range radar second largest segment throughout the forecast period since long range radars are widely utilized in ACC. In 2020, the segment accounted for around 46% of the market.
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Automotive Radar Market Key players:
• Continental AG
• Delphi Automotive PLC
• Denso Corporation
• Infineon Technologies AG
• NXP Semiconductors N.V.
• Valeo S.A.
• Analog Devices, Inc
• Hella KGaA Hueck & Co.
• Texas Instruments, Inc.
• Autoliv, Inc.
• ZF Friedrichshafen AG
• Aptiv plc
• Veoneer Inc.
• Nidec Elesys Corporation
• TungThih Electronic Co., Ltd
The research report focuses on the current market size of the Automotive Radar market and their growth rates, based on records and financial information with a company profile of major players/manufacturers.
Automotive Radar Market Regional analysis:
Regional Insights in our studies ensure that you are well-versed in the Automotive Radar market on a regional level. Any meaningful assessment of potential policy options in response to global market change requires a thorough understanding of local energy, economic, political, and geographic characteristics. The Automotive Radar market's operation has a substantial impact on local development plans. Our report allows us to conduct regional analyses while also accounting for the effects of Automotive Radar market and local growth in other places. At the regional, national, and international levels, we conduct a wide spectrum of high-resolution regional research. We also offer PESTAL and PORTAL analyses to help you better understand the Automotive Radar market in a certain region. Our study also includes company profiles from various regions, as well as information on their business strategies and statistics.
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