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Global Automotive Radar Market 2020-2026 with DENSO, Infineon Technologies, Continental, Autoliv, Texas Instruments, Valeo, Robert Bosch DominatingDUBLIN, Oct. 23, 2020 /PRNewswire/ -- The "Automotive Radar Market - By Application, By Vehicle Type, and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering. The global Automotive Radar market accrued earnings worth approximately 3.2 (USD Billion) in 2019 and is set to record a CAGR of about 21.5% over the period from 2020 to 2026. Market Growth Drivers Automotive radars provide cost-efficient solutions and utilized for blind-spot detection and collision avoidance, thereby creating lucrative opportunities for automotive radar market in the near future. Apart from this, introduction of strict laws for vehicular safety and rise in embedding of ADAS systems in vehicles will proliferate the product demand in the coming years. Furthermore, a surge in the number of vehicle collisions and escalating requirement for safe mobility of vehicles will prompt the business expansion over the forthcoming years. Additionally, inception of new concepts such as electric & autonomous vehicles along with electrifying of automobiles will expatiate the market growth over the ensuing years. Apparently, huge capital funding of automotive sector in the countries like Germany, China, the UK, the U.S., Japan, and India will steer the market surge in the years ahead. Reduction in vehicle costs and breakthroughs in vehicular technology will promote the use of automotive radars globally. This, in turn, will embellish the market surge over the forecast timeline. Europe To Contribute Lucratively Towards Overall Market Growth By 2026 The regional market expansion during the forecast timeline is owing to acceptance of new technologies in the automotive sector across the countries like Germany, Belgium, the UK, and Holland in Europe. In addition to this, the state authorities in these countries have enacted & enforced strict laws for addressing vehicular safety issues as well as vehicle collisions. This, in turn, will spearhead the industry growth in the region over the forecasting years. Key players profiled in the report include
The global automotive radar market is segmented as follows:
By frequency:
By range:
By vehicle type:
For more information about this report visit https://www.researchandmarkets.com/r/4mtgl1 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/global-automotive-radar-market-2020-2026-with-denso-infineon-technologies-continental-autoliv-texas-instruments-valeo-robert-bosch-dominating-301158749.html SOURCE Research and Markets |