The global automotive radar market has been thoroughly analyzed in a new research report on the automotive radar market published by Fact.MR. The report aims to examine the global market for automotive radar for a five-year period 2017-2022 and construct a set of valued insights on the
global automotive radar market to help report readers a precise, accurate, and unbiased analysis of the automotive radar market between 2017 and 2022. Assessing each aspect expected to be shaping the overall growth of automotive radar market over he said timeline, the report also offers a
detailed investigation of the global competitive landscape of automotive radar market.
The global automotive radar market holds impressive growth prospects in the foreseeable future and the roughly US$ 2 Bn automotive radar market revenue is predicted to reach the value beyond US$ 7 Bn over 2017-2022. Prominently driven by automotive and automotive radar manufacturers to adopt technology innovations for greater road safety, the global market for automotive radar is expected to gain a major boost by several initiatives by governments across the globe. The report examines the global automotive radar market within a five-year projection period 2017-2022, with an objective to deliver a set of precise yet exhaustive insights on the current as well as futuristic performance of the global automotive radar space.
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Emergence of such advanced driving systems has augmented adoption of advanced automotive radars that remain highly significant in object detection. Emergence of driverless vehicles further reinforce greater adoption. Need for safe driving has been increasingly promoted by governments across the globe. Surged number of road accidents often resulting in fatality have paved way for stringent government regulations, necessitating adoption of automotive radar technology. On the back of stringent regulatory framework, Europe is anticipated to remain at the fore in terms of maximum adoption of automotive radar technology, thereby stimulating ample market growth.
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Automotive Radar Market: Overview
The automotive radar market has been analyzed in detail to offer definitive forecast insights on the market for the period 2018-27. This report is an exhaustive compilation of a detailed overview of automotive radar market and analyzes the market in terms of market dynamics, macro and micro-economic determinants that shape market growth, also shedding light on other relevant factors that direct future prospects of the market trajectory.
Governments Encourage Significant Active Adoption of Automotive Radar to Meet Zero On-road Fatality Objective
Automotive radar technology is predominantly deployed to help drivers make efficient decisions during the course of travel and transportation. In the wake of tremendously growing rate of road accidents, casualties, and fatalities worldwide, a majority of governments have been imposing regulatory initiatives targeting reduced road fatality rate, encouraging active adoption of automotive radar over the recent past.
Automotive Radar Market: Competition Landscape
Delphi Automotive PLC, Continental AG, Infineon Technologies AG, Robert Bosch GmbH, Analog Devices, Inc, Denso Corporation, NXP Semiconductors N.V., Hella KGaA Hueck & Co., Texas Instruments, Inc., ZF Friedrichshafen AG, and Autoliv, Inc. constitute some of the top ranking participants in the global competitive landscape of automotive radar market.
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