Automotive Radar Sensors Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Automotive radar sensors Market is expected to grow at a CAGR of 18.9% during the forecast period.

Gaithersburg, MD, US – May 24, 2018 /MarketersMedia/ —

Increase in number of RADAR sensors used per vehicle, rising government regulations for vehicle safety and increase in adoption of ADAS technology by OEMS and increased demand for premium segment vehicles are some of the key driving factors. However, the high cost of radar sensors and the corresponding technology is one of the key restraints of the market.

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Automotive radars are driver assistance systems that use sensors to detect the speed and range of objects in proximity of the vehicle. It is a core sensor (range, speed) of driver assistance systems: long range (LRR) for Adaptive Cruise Control, medium range (MRR) for cross traffic alert and lane change assist, short-range (SRR) for parking aid, obstacle/pedestrian detection. A key component of ADAS is radar systems that constantly sense the distance between vehicles in real-time, improving driving efficiency and safety.

Amongst Application, Intelligent parking assistant segment is held significant during the growth of the forecast period. Vehicle equipped with the intelligent parking assist system(IPAS) in-dash screen and button controls, the car can steer itself into a parking space with little input from the user. It has several outstanding characteristics, such as intelligent prompts for parking dynamic track, reading the data of original parking, giving reference to the car exact position itself. North America estimated to be the largest market, by value, for automotive radar systems owing to the safety regulations in the region. Increased awareness towards safety features has also fueled the demand in the region.

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Some of the key players in Automotive Radar Sensors are Boston Scientific Corporation, Market Drot, Canon Medical Systems Corporation, Abbott Vascular, Koninklijke Philips N.V, ST. Jude Medical, Merit Medical Systems, Inc, Medtronic Inc, Shimadzu Corporation, Toshiba Corporation, Philips Healthcare, Siemens Healthcare, Cordis Corporation (A Jnj Company), GE Healthcare, AngioDynamics, Inc.

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Ranges Covered:
• Long range (≥77 GHz)
• Medium range (76-77 GHz)
• Short range (24 GHz)

Applications Covered:
• Intelligent Parking Assistance (IPA)
• Forward Collision Warning System (FCWS)
• Blind Spot Detection (BSD)
• Lane Change Assist (LCA)
• Rear Cross Traffic Assist (RCTA)
• Autonomous Emergency Braking (AEB)
• Adaptive Cruise Control (ACC)
• Other Applications

Vehicles Covered:
• Commercial Vehicle
• Economic Passenger Vehicle
• Luxury Passenger Vehicle
• Mid-Priced Passenger Vehicle

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: info@strategymrc.com
Organization: Stratistics Market Research Consulting Pvt Ltd

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