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Automotive RADAR Market worth 6.61 Billion USD by 2021

Automotive RADAR Market by Range Type (Long Range RADAR and Short & Medium Range RADAR), Application (ACC, AEB, FCWS, BSD, and Intelligent Parking Assistance), Frequency (2X-GHz and 7X-GHz), Vehicle Type, and Region

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Automotive RADAR Market worth 6.61 Billion USD by 2021

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  1. Automotive RADAR Market by Range Type, Application, Frequency, Vehicle Type, and Region - Global Forecast to 2021 www.MarketsandMarkets.com

  2. "Automotive RADAR Market by Range Type (Long Range RADAR and Short & Medium Range RADAR), Application (ACC, AEB, FCWS, BSD, and Intelligent Parking Assistance), Frequency (2X-GHz and 7X-GHz), Vehicle Type, and Region - Global Forecast to 2021“ Automotive RADAR Market is projected to grow at a CAGR of 23.81%, from USD 2.27 billion in 2016 to USD 6.61 billion by 2021. In terms of volume the market is expected to reach 153.3 million units by 2021. The major factors driving the growth of the automotive RADAR market are rising concerns pertaining to vehicle, driver, passenger and, pedestrian safety along with increased involvement of players across the ecosystem. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=75536718

  3. “Increasing stringency of the safety regulations, and growing focus towards autonomous & semi-autonomous cars to fuel the demand for automotive RADAR market” The global automotive RADAR market is projected to reach a market size of USD 6.61 billion by 2021, growing at a CAGR of 23.81% from 2016 to 2021. The major factors driving the growth of this market include introduction of driver assistance technologies as per government regulations in passenger as well as commercial vehicles and rising awareness about vehicle and pedestrian safety. The rising trend of autonomous and semi-autonomous vehicles, which use automotive RADAR systems, is also an important factor to be considered. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=75536718

  4. “The 7X-GHz frequency band RADAR sensor is estimated to be the fastest growing segment” The 7X-GHz frequency band was estimated to be the fastest growing segment of automotive RADAR market in 2016. The 7X-GHz systems are expected to drive the future RADAR growth as the majority of industry players are currently working on developing more 7X-GHz systems at a lower cost. The European Commission is also in favor of legalizing the use of 79–GHz RADAR sensor for automotive ADAS applications. Request for Sample : https://www.marketsandmarkets.com/requestsample.asp?id=75536718

  5. “Europe is estimated to be the largest region in terms of volume” In 2016,the largest regional market for the automotive RADAR is the European market, which holds a majority of the market share of the global automotive RADAR market by value and volume. The European Commission is also in favor of legalizing the use of RADAR based ADAS applications to increase the vehicle safety. According to the ETSI standard (EN 302 264), the use of short range vehicular RADAR operating in the 77 to 81 GHz frequency range is legalized and do not have any time constraint, neither operative restriction burdens. This has geared-up the ADAS applications in the European region, ultimately impacting the automotive RADAR market. The report covers all the major players in the automotive RADAR market that includes companies such as Robert Bosch GmbH (Germany), HELLA KGaA (Germany), Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC (U.K.), and Autoliv Inc. (Sweden) among others.

  6. Contact:Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

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