Get Free Sample Report With TOC: https://www.expertmarketresearch.com/reports/automotive-radar-market/requestsample

Key highlights of the report include:

Market Overview (2017-2027)

• Historical market size (2022): 4.4 billion USD
• Forecast CAGR (2022-2027): 70%
• Forecasted market size (2027): 8.9 billion USD

The automotive radar market is driven by the increasing application of the product in adaptive cruise control (ACC). Adaptive cruise control is hugely beneficial for passengers driving in heavy traffic as the technology helps maintain a safe distance. It also helps reduce driver stress by automatically controlling vehicle speed and maintaining a preset minimum distance from the vehicle in front. During the forecast period, the market is expected to be aided by the increase in traffic accident cases coupled with growing congestion in cities. In terms of region, Europe occupies the largest market share and is expected to achieve significant growth over the forecast period. The market growth in the region is driven by the growing expansion of the major automotive radar manufacturers in the region. The market in the region will be further aided by the stringent government regulations in favor of enhanced passenger safety and security.

Industry definition and major segments

Automotive radar is defined as a device installed in an automobile that consists of a transmitter and a receiver, and is used to detect the speed and distance of objects near an automobile. The speed, direction and distance of the radio waves emitted by the transmitter are collected by the receiver. Automotive radars are widely used in the automotive industry in various passenger and commercial vehicles.

Read Full Report with TOC: https://www.expertmarketresearch.com/reports/automotive-radar-market

On the basis of range, the market is split into:

• Long range radar
• Medium and short range radar

The different types of vehicles included in the market are:

• Particular Cars
• Commercial vehicles

Significant Automotive Radar Market Applications include:

• Adaptive Cruise Control (ACC)
• Autonomous Emergency Braking (AEB)
• Blind Spot Detection (BSD)
• Forward Collision Warning (FCW)
• Smart parking aid
• Other ADAS systems

Regional automotive radar markets include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market trends

Growing investments by major automobile manufacturers, aimed at technological advancements and upgrading of automobiles, are likely to be the key trends in the global automotive radar market. Additionally, improvements in radar technology, coupled with stringent government regulations in favor of standardization of automotive radar in modern vehicles, are likely to be another major market trend. Also, the launch of improved band frequencies in automotive radars is expected to augment the market growth over the forecast period.

Main market players

The major market players are Continental AG, Denso Corporation, Hella KGaA Hueck & Co., Infineon Technologies AG, and Veoneer, Inc., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports and advisory services to our clients. We serve a wide clientele ranging from Fortune 1000 companies to small and medium-sized businesses. Our reports cover over 100 industries in established and emerging markets researched by our trained analysts who track the latest economic, demographic, business and market data globally.

At Expert Market Research, we tailor our approach based on the needs and preferences of our clients, providing them with valuable, actionable and up-to-date market insights, helping them realize their optimal growth potential. We offer market intelligence across a range of verticals including Pharmaceuticals, Food & Beverage, Technology, Retail, Chemicals & Materials, Energy & Mining, Packaging and agriculture.

Media Contact

Company name: EMR Inc.
Contact Person:- Shira Ellis, Business Consultant
E-mail: [email protected]
Toll Free: USA +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com

Also, Check Procurement Intelligence which provides you with infallible research solutions.

* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.