SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

Automotive RADAR Market to Reach $7.67 Bn, Globally, by 2026 at 11.7% CAGR: Allied Market Research
[February 12, 2020]

Automotive RADAR Market to Reach $7.67 Bn, Globally, by 2026 at 11.7% CAGR: Allied Market Research


Increase in demand for safety features in automobiles, surge in inclination toward comfortable driving, and strict rules & regulations for safety features fuel the growth of the global automotive RADAR market

PORTLAND, Oregon, Feb. 12, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Automotive RADAR Market by Application (Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Blind Spot Detection (BSD), Forward Collision Warning System, Intelligent Park Assist, and Other), Frequency (24 GHz, 77 GHz, and 79GHz), Range (Long Range RADAR (LRR) and Short and Medium Range RADAR (S&MRR)), and Vehicle Type (Passenger Car and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global automotive RADAR industry was estimated at $3.14 billion in 2018 and is expected to hit $7.67 billion by 2026, registering a CAGR of 11.7% from 2019 to 2026.

Allied_Market_Research_Logo

Drivers, restraints, and opportunities-

Surge in demand for safety features in automobiles, rise in inclination toward comfortable driving, and strict rules & regulations for safety features fuel the growth of the global automotive RADAR market. On the other hand, high cost and complex structure of the system impedes the growth to some extent. Nevertheless, increase in technological advancement and innovation in ADAS is expected to usher in a plethora of opportunities for the key players in the industry.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/2428

The intelligent park assist segment to lead the trail till 2026-

Based on application, the intelligent park assist segment accounted for nearly one-fourth of the global automotive RADAR market share in 2018, and is expected to retain its dominance throughout the forecast period, as it helps the driver park the vehicle in the parking space by calculating steering angles and velocities to safely navigate through the parking spot. The autonomous emergency braking segment, on the other hand, would grow at the fastest CAGR of 15.7% during 2019–2026. This is owing to the fact that it helps avoid accidents by identifying any critical situation and warning the driver.

The 24 GHz segment to dominate during the estimated period-

Based on frequency, the 34 GHz segment held the largest share in 2018, generating more than half of the global automotive RADAR market. These automotive radars are used to sense the environment around the vehicle and provide a cost-effective as well as proven solution. They are also used in several safety features such as blind-spot detection, collision avoidance, and others, thereby boosting the growth of the segment. At the same time, the 77 GHz segment would cite the fastest CAGR of 17.2% throughout the study period. The fact that they are used in a wide range of advance driver assistance system applications and enhance automobile safety by identifying hazardous situations has driven the growth of the segment.



Asia-Pacific to maintain its top status in terms of revenue-

Based on geography, the region across Asia-Pacific contributed to more than half of the global automotive RADAR market revenue in 2018, and is anticipated to rule the roost by the end of 2026. Factors such as rising demand for comfort driving and strict rules & regulations for safety features drive the market growth in this region. Simultaneously, the region across Europe would showcase the fastest CAGR of 13.9% till 2026. This is attributed to the growing implementation of Euro-NCAP ratings for cars in this province.


For purchase inquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/2428

Leading players in the market-

  • Continental AG
  • Analog
  • Delphi Automotive Company
  • Robert Bosch GmbH
  • DENSO Corporation
  • Autoliv Inc.
  • ZF Friedrichshafen
  • NXP Semiconductors
  • Texas Instruments
  • Valeo

Avenue Basic Plan | Library Access

Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. Avenue is a premium subscription-based model that serves as an informative solution on which the world-leading companies can rely on.

Get more information: https://www.alliedmarketresearch.com/Avenue-Membership-details

Similar Reports:

Autonomous Vehicle Market Expected to Reach $54.23 Billion, by 2026

Hydrogen Fuel Cell Vehicle Market Expected to Reach $42,038.9 Million by 2026

Automotive Blockchain Market is Projected to Reach $5.61 Billion by 2030

In-Car Infotainment Market Expected to Reach $21.53 Billion by 2026

Pre-book Offer 12% Discount:  

Industrial Vehicle Market

Automotive LiDAR Market

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com 
Web: www.alliedmarketresearch.com 
Follow us on: https://www.linkedin.com/company/allied-market-research

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg


[ Back To TMCnet.com's Homepage ]









Technology Marketing Corporation

2 Trap Falls Road Suite 106, Shelton, CT 06484 USA
Ph: +1-203-852-6800, 800-243-6002

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2020 Technology Marketing Corporation. All rights reserved | Privacy Policy