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

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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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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 – PowerPoint PPT presentation

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


1
  • 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

2
  • 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
  • https//www.fortunebusinessinsights.com/enquiry/re
    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

3
  • 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.
  • Have Any Query? Ask Our Experts
  • https//www.fortunebusinessinsights.com/enquiry/sp
    eak-to-analyst/automotive-radar-market-101688
  • About Us
  • Fortune Business Insights offers expert corporate
    analysis and accurate data, helping organizations
    of all sizes make timely decisions. We tailor
    innovative solutions for our clients, assisting
    them address challenges distinct to their
    businesses. Our goal is to empower our clients
    with holistic market intelligence, giving a
    granular overview of the market they are
    operating in.
  • Our reports contain a unique mix of tangible
    insights and qualitative analysis to help
    companies achieve sustainable growth. Our team
    of experienced analysts and consultants use
    industry-leading research tools and techniques
    to compile comprehensive market studies,
    interspersed with relevant data.
  • At Fortune Business Insights, we aim at
    highlighting the most lucrative growth
    opportunities for our clients. We therefore
    offer recommendations, making it easier for them
    to navigate through technological and
    market-related changes. Our consulting services
    are designed to help organizations identify
    hidden opportunities and understand prevailing
    competitive challenges.
  • Contact Us
  • Fortune Business Insights Pvt. Ltd. 308, Supreme
    Headquarters, Survey No. 36, Baner,
  • Pune-Bangalore Highway,
  • Pune - 411045, Maharashtra, India.
  • Phone
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