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The global automotive radar market is being strongly driven by the
increasing concerns and awareness related to driver, passenger,
pedestrian and vehicle safety coupled with the growing involvement of
the key players across the ecosystem. Increasing safety awareness
among customers is propelling the growth of the market. In order to
avert car smashes, in 2015, the U.S. National Highway Traffic Safety
Administration announced the mandatory fitting of automatic emergency
braking systems in the cars launching with the model year 2018.
Further, increasing inclination towards autonomous vehicles is also
contributing to the global market growth of automotive Human Machine
Interfaces.
The global automotive radar market can be segmented on the basis of
range type, application, vehicle type and region. Based on range type
the global market can be segmented into short & medium range
radar and long range Human Machine Interface. Short & medium
range radar is anticipated to hold a larger share of the market
during the forecast period as these have more applications in several
driver assistance systems including intelligent parking assist, blind
spot detection and cross traffic alert. By application, the
automotive radar market can be segregated into adaptive cruise
control, blind spot detection, forward collision warning system, lane
departure warning system, autonomous emergency braking and
intelligent parking assistance. Adaptive cruise control has the
highest growth potential and this can be attributed to the increased
autonomous level in this system and its benefits associated to
vehicle safety. Additionally, the market can be classified by vehicle
type into economic passenger vehicles, mid-range passenger vehicles,
luxury passenger vehicles and commercial vehicles. Mid-range
passenger vehicles is set to lead the automotive radar market as the
market is shifting towards these vehicles owing to increased safety
awareness and reduced overall system cost. The global automotive
radar market can be further classified geographically into North
America, Europe, Asia Pacific, South America and Middle East and
Africa. Europe is expected to lead the global market during the
forecast period, with Germany being one of the earliest adopters of
advanced technologies. Other countries in Europe such as the U.K.,
Netherlands and Belgium are also witnessing high rate of technology
adoption, driven by some of the most stringent vehicular safety
regulations.
The global automotive radar market report provides the market share
analysis of the key industry participants operating in the industry.
The global market comprises a considerable number of eminent
auto-makers. These players have been exhaustively profiled and their
business overview, financial overview, business strategies and recent
developments have been covered under the purview of the report. Some
of the major players operating in the global automotive radar market
include Continental AG, Robert Bosch GmbH, Delphi Automotive PLC,
Denso Corporation, Infineon Technologies AG, NXP Semiconductors N.V.,
Valeo S.A., Analog Devices, Inc., Hella KGaA Hueck & Co., Texas
Instruments, Inc., Autoliv, Inc. and ZF Friedrichshafen AG among
others.
The report offers a comprehensive evaluation of the market. It does
so via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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