Automotive Radar Market to Register a CAGR of 8.9% till 2026; Increasing Sale of Passenger and Commercial Vehicles to Fuel the Market

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• Title 1 Global Automotive Radar Market Volume to
  Reach 43.6 Million Units by 2026 Rising Demand
  for Safety Features in Cars to Boost Growth
  Fortune Business Insights
• Title 2 Global Automotive Radar Market to
  Register a CAGR of 8.9 till 2026 Increasing
  Sale of Passenger and Commercial Vehicles to
  Fuel the Market Fortune Business Insights
• Title 3 Global Automotive Radar Market Volume to
  Touch 43.6 Million Units by 2026, Surging at an
  8.9 CAGR Growing Uptake of Adaptive Cruise
  Control Systems to Aid Sales Fortune Business
  Insights
• Title 4 Rising Per Capita Disposable Income to
  Create Lucrative Opportunities in the Global
  Automotive Radar Market
• Pune, India, 21st November 2019
• Automotive Radar Market Size, Share,
  Segmentation, Research Report and Regional
  Forecast Fortune Business Insights
• Key companies Covered in the Automotive Radar
  Market research report are Autolive Inc, NXP
  Semiconductors N.V, Bosch GmbH, Valeo S.A, Denso
  Corporation, Delphi Automotive PLC, Continental
  AG
• Automotive Radar Market 2020 Size, Share,
  Segmentation, and Forecast 2026
• The Global Automotive Radar Market volume is
  projected to reach 43.6 million units by 2026,
  exhibiting a CAGR of 8.9 during the forecast
  period. One of the key factors driving this
  market is the rising number of road accidents
  and fatalities worldwide. According to the
  Association for Safe International Road Travel
  (ASIRT), road crashes kill close to 1.25 million
  people every year, with an additional 20 to 50
  million people getting injured or disabled. The
  ASIRT estimates that nearly 2.2 of global deaths
  are caused by road accidents, making the ninth
  leading cause of deaths worldwide. Furthermore,
  more than 90 of these accidents occur in low
  and middle-income countries, causing them an
  economic loss of around USD 65 billion annually.
  As a result, governments are formulating more
  stringent laws regarding safety levels in
  vehicles and radar technology is expected to play
  a key role. This will considerably expand the
  automotive radar market size in the forecast
  period.
• Browse Report Summary
• https//www.fortunebusinessinsights.com/industry-r
  eports/automotive-radar-market-101688
• Major companies operating in this market include

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• Valeo S.A
• Denso Corporation
• Delphi Automotive PLC
• Continental AG
• According to the Fortune Business Insights
  report, titled Global Automotive Radar Market
  Size, Share Industry Analysis, By Range
  (short-range, medium-range, long-range), By
  Application (Adaptive Cruise Control (ACC),
  Automatic Emergency Braking (AEB),
  Forward-Collision Warning System (FCWS), Blind
  Spot Detection (BSD), Intelligent Parking
  Assistance), and Regional Forecasts, 2019-2026,
  the volume of the market in 2018 stood at 21.0
  million units. The report also contains detailed
  information about the drivers, trends, and
  competitive and regional dynamics that will
  influence the market during the forecast period.
  It also provides a macroscopic overview of the
  industry developments that will help businesses
  to make informed decisions and strategize
  according to the needs of the market.
• Automotive RADAR technology is used to detect the
  range, speed, and direction of objects in the
  vicinity of a vehicle through radio waves. It
  comprises of a receiver and a transmitter.
• Europe to Occupy a Commanding Position in the
  Market North America to Grow Healthily
• Among regions, Europe is projected to dominate
  the automotive radar market share owing to a
  thriving automotive industry, particularly in
  Germany where automakers are engaged in
  developing enhanced safety features. In
  Asia-Pacific, OEMs are developing next-generation
  solutions to make transport more comfortable and
  efficient, thereby fueling the market in the
  region, the automotive radar market forecast
  states. Increasing adoption of sensor-based
  technologies will propel the market in North
  America, aiding the region to showcase steady
  growth during the forecast period.
• Increasing Demand for Passenger Cars to Spur
  Market Growth
• Demand for and sale of cars is on the rise
  globally. This trend is especially noticeable in
  developing countries such as India and China
  where disposable incomes are increasing, which,
  in turn, is causing a spike in demand for luxury
  items such as cars. Moreover, in technologically
  advanced countries such as Japan and South
  Korea, manufacturers are heavily investing in RD
  to sophisticate their existing RADAR
  technologies. This is also expected to result in
  higher adoption of Medium Range Radar (MRR),
  which will lead the automotive RADAR market
  trends. Thus, the market is poised to experience
  a steady growth period between 2019 and 2026.
• Request a Sample Copy of the Market Research
  Report
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  quest-sample-pdf/automotive-radar-market-101688
• Innovative Solutions by Key Players to Bolster
  Competitive Spirits
• The automotive radar market report by Fortune
  Business Insights highlights the fact that
  competition in this market is anticipated to
  intensify. This will be a result of increasing
  focus on innovation by key players along with
  rising investment in RD and operational
  expansion globally.
• Some of the key industry developments include

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• November 2019 Continental AG introduced its
  fifth-generation long-range radar having a range
  of up to 300 meters and crystal-clear
  resolution. It not only ensures a smooth ride
  through adaptive cruise control, but also
  elevates safety levels as the system is connected
  to the emergency braking mechanism.
• January 2019 Valeo S.A partnered with Mobileye
  to develop an autonomous vehicle safety standard
  founded on the principle of Responsibility-Sensiti
  ve Safety (RSS). The standards will employ
  Mobileyes mathematical safety model.
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  eak-to-analyst/automotive-radar-market-101688
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