(EMAILWIRE.COM, August 13, 2018 ) Market Overview:-

Global Automotive Radar Market is anticipated to cross USD 8.5 billion 2024. Government initiatives to incorporate safety and security systems in the vehicles and demand for luxury vehicles are driving the automotive radar market.

Stringent regulations for driver safety in developing countries and increasing demand for electric vehicles provides growth opportunities to develop next generation cars. Increasing adoption of autonomous and connected car will boost the automotive radar market.

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Top Key Players:-     

The key players of global Automotive Radar Market are Infineon, Texas instruments, Delphi automotive, Autoliv, Fujitsu, Hella, Valeo, ZF TRW automotive.

Regional Segmentations:-

North America is estimated to acquire substantial share owing to high adoption rate of advanced technology product and manufacturing facilities of established automobile companies in the region. Initiative taken by Federal Motor Carrier Safety Administration (FMCSA) to reduce occurrence of accidents of commercial motor vehicles is driving the demand for safety features in cars. It aims to facilitate, evaluate and test the on-board safety applications in co-ordination with the truck industry.

Growth in Asia pacific is led by countries such as India and China owing to increase in the manufacturing and sales of the vehicles in the region. China is expected to acquire about 45% share of the total Asia Pacific region.

Europe automotive radar Market will exhibit increased adoption with maximum contribution by Germany owing to presence of majority of vehicle manufacturers in the region.

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Major Points of Table Of Content:-

Chapter 1   Methodology & Scope

1.1    Research Methodology

1.1.1    Initial data exploration

1.1.2    Statistical model and forecast

1.1.3    Industry insights and validation

1.1.4    Research scope & assumptions

1.2    Data Sources

Chapter 2   Executive Summary

2.1    Automotive radar industry 3600 synopsis, 2013 - 2024

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Application trends

Chapter 3  Automotive Radar Industry Insights

3.1    Automotive radar industry segmentation

3.2    Industry size and future growth prospects, 2013 - 2024

3.3    Industry ecosystem analysis

3.4    Industry Impact forces

3.4.1    Growth drivers

3.4.1.1    Consumer need for safety

3.4.1.2    Enhanced automobile safety ratings

3.4.1.3    Growing sales of luxury cars

3.4.2    Industry pitfalls and challenges

3.4.2.1    High cost

3.5    Growth potential analysis

3.6    Porter’s analysis

3.7    Company market share analysis, 2015

3.8    PESTEL analysis

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Based on application, adaptive cruise control (ACC) system accounted for more than 30% of the automotive radar market share in 2015. Increasing demand for ACC attributed to its function of effective monitoring and maintaining safe distance between the vehicles that assist in reducing road fatalities. Blind spot detection (BSD) segment is expected to cross 15% CAGR during the forecast timeframe. BSD facilitate driver to detect any vehicle or obstacle which are not visible in rear view mirror.    

Related Report:

Automotive Pedestrian Protection System Market Size By Product (Active, Passive), By Vehicle (Passenger Cars, Commercial Vehicles, Electric & Hybrid Vehicles), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, South Korea, Thailand, Indonesia, Mexico, Brazil , Argentina, Turkey, Iran, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024

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