Automotive Radar Market Overview
The market overview of the Automotive Radar market industry is based on a comprehensive analysis of its intricate dynamics. This report presents revenue forecasts for the industry at the global, regional, and segment levels, as well as national levels. The main focus of the report is the sales forecasting for each segment and region, highlighting the intense rivalry among competitors in this industry.
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Automotive Radar Market Report Scope and Research Methodology
The analysis of the Automotive Radar market utilized both primary and secondary research methods. Primary research involved the direct collection of data from the market through surveys, interviews, and observations. Secondary research involved the collection of data from published sources, such as industry reports, company websites, and news articles.
The growth prospects and future business outlooks of new entrants and existing players in the Automotive Radar market were also researched. The analysis provides a guide for stakeholders, investors, market players, followers, and new entrants with an overall view of the Automotive Radar market. This guide can be used to formulate investment approaches and marketing tactics. The report used a bottom-up approach to estimate the Automotive Radar market size by aggregating data from individual segments to arrive at a total market size estimate.
Automotive Radar Market Regional Insights
The report provides a study of the growth drivers, constraints, future prospects, and competitive landscape of the dog supplement market in various regions. The market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa
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Automotive Radar Market Segmentation
Based on Range Type, market is sub-segmented into long range, medium range, and short range. In 2021, medium and short range radar has the biggest market share and it is expected to grow at the fastest rate. These radars are widely employed in vehicle safety systems to identify objects in the area. Blind spot detection, lane change assist, and park assist are among the functions available. Over the forecast period, the market is expected to be driven by falling radar prices and the growing need to use more than two radars per system for improved performance. The rising acceptance of ACC in mid-priced automobiles is likely to drive growth of the long range radar second largest segment throughout the forecast period since long range radars are widely utilized in ACC. In 2021, the segment accounted for around 46% of the market.
Based on Vehicle Type, market is sub-segmented into Commercial vehicle and Passenger vehicle. The passenger vehicle segment is expected to grow faster than the commercial vehicle market. The growing awareness of vehicle safety among mid-priced vehicle owners is the key element driving this segment’s rise. According to OICA, worldwide passenger automobile sales increased by 4.5 % in 2021 compared to 2022. Major luxury car manufacturers such as Mercedes-Benz and BMW had a large boost in sales in 2021, with 2.08 million and 2.3 million units sold, respectively. The automotive radar market is likely to grow throughout the forecast period as more passenger cars are fitted with radar-based safety systems.
Automotive Radar Market Key Players
• 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.
• ZF Friedrichshafen AG
• Aptiv plc
• Veoneer Inc.
• Nidec Elesys Corporation
• TungThih Electronic Co., Ltd
Key questions answered in the Automotive Radar Market are:
Key Offerings:
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