Automotive Radar Sensors Market Size, Growth, Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2023

Summary

Automotive Radar Sensors Market Size, Research Report, Application (Lane Change Assist , Adaptive Cruise Control , Autonomous Emergency Braking , Blind Spot Detection , Forward Collision Warning System ), Vehicle Type, By Range and region– Forecast till 2023

Market Overview

The escalation in demand for collision avoidance and other technology-driven safety features is motivating the radar sensors market. Reports that explore the automobile industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is projected to be driven by a CAGR 19.26% in the forecast period.

Key Players

The important companies in the Automotive Radar Sensors Market Size, Growth, are HELLA KGaA (Germany), Continental AG (Germany), Denso Corporation (Japan), ZF Friedrichshafen AG (Germany)

Segmental Analysis

The study of the segmentation in the Automotive Radar Sensors Market Size is carried out on the basis of application, range, region, and vehicle type. Based on the application, the Automotive Radar Sensors Market Size, Growth, is segmented into adaptive cruise control (ACC), lane change assist (LCA), blind spot detection (BSD), forward collision warning system (FCWS), autonomous emergency braking (AEB), and others. Based on the range, the Automotive Radar Sensors Market Size, Growth, is segmented into medium range, short range, and long range. The short-range radar sensors segment is anticipated to direct the growth of the Automotive Radar Sensors Market Size, Growth, in future owing to the extensive use of those sensors in adaptive cruise control systems. Based on vehicle type, the Automotive Radar Sensors Market Size, Growth, comprises of passenger and commercial cars. On the basis of regions, the Automotive Radar Sensors Market Size, Growth, comprises of Asia Pacific, Europe, North America, and Rest of the World.

Regional Analysis

The regional assessment of the Automotive Radar Sensors Market Size, Growth, is segmented into Asia Pacific, Europe, North America, and Rest of the World. As per the analysis, the North American region is anticipated to be responsible for the principal market share throughout the forecast period. The development of the augmented safety feature systems in the vehicles is anticipated to raise the demand for radar sensors. The upsurge in demand for radar sensors is projected to push the Automotive Radar Sensors Market Size, Growth, in this region. The European region is anticipated to be the next principal market owing to the upsurge in manufacture of passenger and commercial vehicles.

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