Automotive Radar Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

1. Automotive Radar Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026 Automotive Radar Market study provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players. Automotive radars are used for detecting objects on the road and sensing distances between vehicles in real-time. These radars help enhance driving efciency and road safety. Automotive radars contain a receiver and transmitter, and is used for sending and receiving waves for detecting the distance, speed, and directions of objects. Collision detection, warning and mitigation, collision avoidance, blind spot monitoring and detection, lane change assistance, lane departure warning system, rear cross-trafc alerts, and vulnerable road user detection are some of the applications of automotive radar systems. Browse Complete Report For More Information @ https://www.coherentmarketinsights.com/ongoing-insight/automotive-radar-market- 1843 Increasing concern regarding safety is one of the major factors driving growth of the automotive radar market. Increasing demand for advanced safety system, comfort, and convenience systems, and increasing number of road accidents are expected to fuel growth of the automotive radar market. For instance, according to World Health Organization (WHO), an estimated 1.25 million road accidents were reported worldwide in 2013,out of which around 93% road trafc deaths were reported in low- and middle-income economies and over 50 million people were injured due

2. to road accidents. Radar sensors are responsible for collecting vital information such as range, angle, and Doppler velocity, which is then used to determine the driving situation and warn drivers regarding potential collisions to avoid blind spot crashes. Thus, automotive radars increase safety, lower the risk of road accidents, and help manage road trafc, which in turn, infuencing vehicle manufacturers to integrate advanced radar systems in vehicles. These factors are thus, expected to propel growth of the automotive radar market in the near future. High cost of automotive radars is one of the major factors restraining growth of the market The key factor restraining growth of the automotive radar market is the high cost of these radar systems. For instance, according to the Coherent Market Insights, in 2017, the costs for 24GHz, 77GHz, and 79GHz automotive millimetre-wave radar sensor modules were around US$ 50, US$ 150-220, and US$ 100-200, respectively. The cost of radars vary based on the range of detection, namely short range, medium range, and long range. Automakers thus refrain from using radar sensors in their vehicles, as it increases the overall cost of the vehicle, which negatively impacts sales and overall revenue. This in turn, is hampering growth of the market for automotive radars. Global Automotive Radar Market: Regional Insights The market for automotive radar in Europe accounted for the largest share in 2017 and is expected to retain its dominance over the forecast period (2018 – 2026). This growth is attributed to increasing stringency of vehicle safety norms for both active and passive safety standards on vehicles, by the European Commission (EC). For instance, the European commission set up General Safety Regulation (EC 661/2009), which mandates the use of electrical safety, electronic stability control, advanced emergency braking, tyre pressure monitoring, driver safety-belt reminder for trucks and buses. This, in turn, is expected to increase the installation of safety systems in vehicles, which is further expected to propel growth of the automotive radar market in Europe. Global Automotive Radar Market: Competitive Landscape Key players operating in the global automotive radar market include Continental AG, Denso Corporation, Robert Bosch GmbH, Infneon Technologies AG, Valeo, NXP Semiconductors, HELLA KGaA Hueck & Co., Texas Instruments Incorporated (TI), Autoliv Inc., and ZF Friedrichshafen AG. Global Automotive Radar Market: Taxonomy By Range Type •Long Range RADAR (LRR) •Short & Mid-Range RADAR (S&MRR) By Frequency Type •2X-GHZ •7X GHZ

3. By Application •Adaptive Cruise Control •Autonomous Emerging Braking •Blind Spot Detection •Forward Collision Warning System By Vehicles •Commercial Vehicles •Economic Passenger Vehicle •Luxury Passenger Vehicles •Mid-Price Passenger Vehicle By Distribution Channel •OEM •Aftermarket Inquire Here Before Purchase of Research Report @ https://www.coherentmarketinsights.com/insight/talk-to-analyst/1843 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting frm ofering action- ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com