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Automotive Radar Market Insights, 2016 to 2024: Hexa Research

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The introduction of Advanced Driver Assistance Systems (ADAS) in vehicles may lead to multiple growth prospects for the global Automotive Radar Market.
Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
Automotive Radar Market Share, Size, Analysis, Growth,
Trends and Forecasts, 2016 to 2024 | Hexa Research
The global automotive radar market is anticipated to reach USD 9 billion by 2024.
Introduction of fully automated cars and their growing importance in the automotive
security & assembly industry can drive this market during the forecast period (2016 -2024).
Supportive governmental initiatives that mandate the integration of security & control
systems in vehicles may positively affect market demand. These mandates aim at reducing
the number of road mishaps and associated casualties.
High sales of motor vehicles, particularly luxury vehicles, have also stimulated revenues
considerably. Factors propelling the demand for motor vehicles are high consumer
disposable incomes and low rates of interest. The introduction of Advanced Driver
Assistance Systems (ADAS) in cars may create potential growth opportunities in the global
Automotive Radar Market.
Contact: +1-800-489-3075
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Website: http://www.hexaresearch.com/
Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
Browse Details of Report @ https://www.hexaresearch.com/researchreport/automotive-radar-market
Automotive radars help reduce traffic jams by helping drivers with effective decision
support. They help minimize human errors while driving thereby reducing the ratio of road
accidents in the long run. This in turn decreases the extensive economic losses & fatalities
associated with it. Moreover, these radars indirectly boost fuel efficiency by streamlining
traffic control. This can augment market demand from 2016 to 2024.
Automotive radars can withstand extreme conditions, such as bad weather, fluctuating
temperatures, and even bad light. Such attributes make these devices the most preferred
product in the automotive industry. This is expected to positively impact the global
Automotive Radar Market in the forthcoming years. Advanced Driver Assistance Systems
(ADAS) are based on automotive radars systems.
Depending on application and range coverage, these radars belong to three main
categories, namely Short Range Radar (SRR), Medium Range Radar (MRR), and Long Range
Radar (LRR). Long-range radars are mainly utilized for Adaptive Cruise Control (ACC) and
they deliver better functional efficiency as against LiDARs and camera system. Due to its
potential for distance & velocity detection, the LRR segment may expand substantially in
the years to come. The SRR systems are the “ultrasonic” radars that have a detection
capability of less than 5 meters. They are mostly used in side impact and blind spot
detections. Moreover, these radars offer parking assistance solutions.
Based on ranges, automotive radars are further categorized as ultra-wide band (UWB) and
Narrowband (NB). These devices offer high accuracy in object tracking and detection.
Furthermore, they ensure greater self-sufficiency while driving by providing 3-dimensional
digital modeling simultaneously. These devices can witness robust demand over the next
eight years due to their superior functional efficiency and excellent performance.
Contact: +1-800-489-3075
Email : [email protected]
Website: http://www.hexaresearch.com/
Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
Geographically, the worldwide Automotive Radar Market is divided into North America,
Asia Pacific, Europe, Latin America, and the Middle East & Africa. Europe may expand
considerably during the forecast period. The presence of a large pool of automotive
manufacturing firms in the region can drive this market.
The Asia-Pacific region is propelled by factors, such as low manufacturing costs and high
sales of automobiles. Research & development initiatives in the U.S. can contribute
significantly to the North America market. Major players in the global industry are Delphi
Automotive PLC.; Continental A. G.; Fujitsu Ten Ltd.; Hella KGaA Hueck & Co.; and Robert
Bosch GmbH.
Browse Related Category Market Reports @ https://www.hexaresearch.com/researchcategory/automotive-and-transportation-industry
About Us:
Hexa Research is a market research and consulting organization, offering industry reports,
custom research and consulting services to a host of key industries across the globe. We
offer comprehensive business intelligence in the form of industry reports which help our
clients obtain clarity about their business environment and enable them to undertake
strategic growth initiatives.
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Hexa Research
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Felton, California 95018
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Contact: +1-800-489-3075
Email : [email protected]
Website: http://www.hexaresearch.com/
Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
Phone: +1-800-489-3075
Email: [email protected]
Website - http://www.hexaresearch.com/
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Contact: +1-800-489-3075
Email : [email protected]
Website: http://www.hexaresearch.com/
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