Automotive Radar Sensors Market Growth, Competitive Dynamics, Prominent Players, Global Size, Outlook and Forecast To 2023
Automotive Radar Sensors Market Growth
(firmenpresse) - Automotive Radar Sensors Market Growth – Overview
Safety has emerged as a primary concern for passengers and pedestrians, due an increase in the number of road accidents across the world. According to the Insurance Institute for Highway Safety, one out of three fatal crashes can be avoided if vehicles are equipped with collision avoidance systems.
Automotive radar sensors are used in various applications, such as autonomous braking, forward collision warning system, adaptive cruise control, lane departure warning, adaptive headlights, blind spot detection, and parking assistance.
The market is projected to be driven by a CAGR 19.26% in the forecast period.
Key Players
The important companies in the Automotive Radar Sensors Market Growth are HELLA KGaA (Germany), Continental AG (Germany), Denso Corporation (Japan), ZF Friedrichshafen AG (Germany), Robert Bosch GmbH (Germany), Autoliv Inc. (Sweden), Valeo S.A (France), Infineon Technologies AG (Germany), NXP Semiconductors N.V (Netherlands), Texas Instruments Incorporated. (U.S.). First Sensor AG (Germany), Kestrel Radar Sensors (England), InnoSenT - Innovative Radar Sensor Technology (Germany), and FUJITSU TEN Ltd. (Japan) are among others.
Segmental Analysis
The study of the segmentation in the Automotive Radar Sensors Market Growth is carried out on the basis of application, range, region, and vehicle type. Based on the application, the Automotive Radar Sensors Market Growth is segmented into adaptive cruise control (ACC), lane change assist (LCA), blind spot detection (BSD), forward collision warning system (FCWS), autonomous emergency braking (AEB), and others. Based on the range, the Automotive Radar Sensors Market Growth is segmented into medium range, short range, and long range. The short-range radar sensors segment is anticipated to direct the growth of the Automotive Radar Sensors Market Growth in future owing to the extensive use of those sensors in adaptive cruise control systems. Based on vehicle type, the Automotive Radar Sensors Market Growth comprises of passenger and commercial cars. On the basis of regions, the Automotive Radar Sensors Market Growth comprises of Asia Pacific, Europe, North America, and Rest of the World.
Regional Analysis
The regional assessment of the Automotive Radar Sensors Market Growth is segmented into Asia Pacific, Europe, North America, and Rest of the World. As per the analysis, the North American region is anticipated to be responsible for the principal market share throughout the forecast period. The development of the augmented safety feature systems in the vehicles is anticipated to raise the demand for radar sensors. The upsurge in demand for radar sensors is projected to push the Automotive Radar Sensors Market Growth in this region. The European region is anticipated to be the next principal market owing to the upsurge in manufacture of passenger and commercial vehicles.
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Datum: 09.04.2020 - 14:49 Uhr
Sprache: Deutsch
News-ID 610366
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Kategorie:
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Date of sending: 9/04/2020
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