Pune, India, April 17, 2017 /MRFR Press Release/- Market research future published a cooked research report on Global Automotive Radar Application Market. The global automotive radar application market is expected to grow over the CAGR of around 21.53% during the period 2024-2032.

Automotive Radar Application Industry Market Highlights

The automotive radars are devices used in advanced cruise control systems to direct a vehicle’s accelerator and braking systems. It also helps maintain a distance between two vehicles. The radar sensors take note of vital information, such as doppler velocity, range and angle. This information is used to determine the driving situation and intimate the driver of potentially dangerous events ahead. Safety has emerged as a primary concern for passengers and pedestrians as the number of road accidents and fatalities continue to rise

Europe is one of the major revenue generator as well as producer of automotive radar and accounts for the largest share of 35.98 % in 2032. However, for the manufacturer there will be an extreme opportunity to invest or increase the production capacity. North America is the second largest region that will fuel this market and accounts for market share of 26.16 in 2032.

Drivers

Access Report Details @ https://www.marketresearchfuture.com/reports/automotive-radar-applications-market-2563

Market Research Analysis:

The market is highly based on application. The high demand for automobiles from APAC countries, supportive government policies and regulations for driving safety to reduce the fatalities by road accidents globally are anticipated to drive the demand for Automotive Radar over the next five years.

The major drivers for this market are increase in awareness about the driving safety among the end consumers and various government initiatives to reduce the road accidents.

Global Automotive Radar Applications Industry Market Share by Application, 2022 & 2032 (%)

Scope of the report

This study provides an overview of the Global Automotive Radar Application Industry, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments global automotive radar application market as frequency, technology and application.

By Application

• Parking assistance


• Forward collision warning system


• Adaptive cruise control


• Lane departure warning system


• Blind spot detection

By Frequency

• 24 GHz


• 77 GHz


• 79 GHz

By Technology

• LIDAR


• Millimeter wave radar


• Camera


• Ultrasonic radar

Key Players

The key players of automotive radar application industry market report include Robert Bosch GMBH (Germany), Panasonic Corporation (Japan), Valeo (France), Continental AG (Germany), TRW Automotive (U.S.), Hella KGAA Hueck & Co. (Germany), Delphi (U.K.), Sabertek (U.S.), Denso (Japan), Fujitsu Ten Ltd (U.S.).

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Akash Anand,

Market Research Future

Market Research Future

Office No. 524/528, Amanora Chambers

Magarpatta Road, Hadapsar

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: akash.anand@marketresearchfuture.com

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