Automotive Radar Sensors Market Outlook with Expected 18.9% CAGR 2019 – 2026 | Global Key Vendors – Robert Bosch, Hella, Denso, First Sensor AG, Continental AG
This comprehensive Automotive Radar Sensors Market research report 2019 – 2026 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.
Overview of the Global Automotive Radar Sensors Market:
The Global Automotive Radar Sensors Market is expected to grow at a CAGR of 18.9% during the forecast period.
Increase in number of RADAR sensors used per vehicle, rising government regulations for vehicle safety and increase in adoption of ADAS technology by OEMS and increased demand for premium segment vehicles are some of the key driving factors. However, the high cost of radar sensors and the corresponding technology is one of the key restraints of the market.
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Automotive radars are driver assistance systems that use sensors to detect the speed and range of objects in proximity of the vehicle. It is a core sensor (range, speed) of driver assistance systems: long range (LRR) for Adaptive Cruise Control, medium range (MRR) for cross traffic alert and lane change assist, short-range (SRR) for parking aid, obstacle/pedestrian detection. A key component of ADAS is radar systems that constantly sense the distance between vehicles in real-time, improving driving efficiency and safety.
Geographically, North America estimated to be the largest market, by value, for automotive radar systems owing to the safety regulations in the region. Increased awareness towards safety features has also fueled the demand in the region.
Major Key Players:
1 Robert Bosch GmbH
2 Hella KGaA
3 ZF Friedrichshafen AG
4 Denso Corporation
5 Infineon Technologies AG
6 First Sensor AG
7 Continental AG
8 UniqueSec AB
9 InnoSenT – Innovative Radar Sensor Technology
10 Delphi Automotive PLC and More……………….
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Market Segment by Range:
1 Long range (≥77 GHz)
2 Medium range (76-77 GHz)
3 Short range (24 GHz)
Market Segment by Vehicle:
1 Commercial Vehicle
2 Economic Passenger Vehicle
3 Luxury Passenger Vehicle
4 Mid-Priced Passenger Vehicle
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This study answers to the below key questions:
1 What will the market size be in 2026 and what will the growth rate be?
2 What are the key market trends?
3 What are the challenges to market growth?
4 Who are the key players in this market?
5 What are the market opportunities and threats faced by the key players?
Table of Contents:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Automotive Radar Sensors Market, By Range
6 Global Automotive Radar Sensors Market, By Application
7 Global Automotive Radar Sensors Market, By Vehicle Type
8 Global Automotive Radar Sensors Market, By Geography
9 Key Developments
10 Company Profiling
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