The Automotive radar is one of the important technologies due to its great precision and accurateness information content, involving speed and variety detection when associated to several other alternative sensors particularly visual sensors. Automotive radar systems are the principal sensors adaptive cruise control and play a very critical role in the progress driver assistance system. In addition, the automotive radar is one of the foremost sensors for collision prevention, vehicle and pedestrian avoidance, and many others.
According to the report analysis, ‘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’ states that in the Automotive RADAR market there are numerous corporate which presently functioning more effectively for leading the highest market growth and dominating the handsome value of market share around the globe during the coming duration while decreasing the weak points of the automotive radar, delivering the better consumer satisfaction, spreading the awareness related to the applications of the automotive radar, increasing the applications and specifications of the automotive radar, studying the strategies of the competitor’s, employing the young work force and implementing the profitable strategies includes Autoliv Inc., Continental AG, Delphi Automotive Company, DENSO Corporation, NXP Semiconductors, Robert Bosch GmbH, Texas Instruments, Valeo, ZF Friedrichshafen, Analog and many others.
In addition, the automotive radar market is probable to exhibit the remarkable growth rate throughout the forecast due to the effective increase in the demand for vehicle with security features. Automotive radar is probable to observe the significant growth over the years, due to the effective rise in requirement for the safety features in automobiles and stringent rules and regulations for protection features.
In addition, aspects such as significant augment in the demand for protection features in automobiles and foremost augment in the demand for comfortable propelling boost the growth of the market. Not only has this, the strict rules and regulations for security features are predicted to influence the growth of the global automotive RADAR market. However, an aspect such as great cost & complex structure and low effectiveness in bad weather conditions is predicted to hamper the growth of the market. Further, the proficient increase in the technological advancement and innovation in ADAS is predicted to generate the numerous opportunities for the players functioning in the automotive RADAR market.
Furthermore, the stringent government regulations and satisfactory initiatives in the field of radar systems have encouraged the advancement of vehicle safety systems and are, thus, predicted to propel the widespread implementation of the radar-based safety systems over the review duration. Additionally, the declining vehicle electronic prices and developments in the automotive technology are probable to support the utilization of the automotive radar. Its employment allows the accurate detection of objects and guarantees better vehicle safety. Therefore, in the coming future, it is predicted that the market of automotive radar market will increase around the world more significantly over the forthcoming duration.
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Ankur Gupta, Head Marketing & Communications