Automotive Radar Sensors Market Key Drivers, Size, Share, Trends, Growth, Analysis and Forecast To 2023

Automotive Radar Sensors Market – Overview

Other factors driving the global market are production of advanced technology in automobiles and clean transportation. Also, the government policies and regulations for driver safety to support the reduction of fatal accidents and the environmental concerns encourage manufacturers to produce environment-friendly and efficient vehicles.

The market is projected to be driven by a CAGR 19.26% in the forecast period.

Segmental Analysis

The study of the segmentation in the automotive radar sensors market is carried out on the basis of application, range, region, and vehicle type. Based on the application, the automotive radar sensors market 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 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 in future owing to the extensive use of those sensors in adaptive cruise control systems. Based on vehicle type, the automotive radar sensors market comprises of passenger and commercial cars. On the basis of regions, the automotive radar sensors market comprises of Asia Pacific, Europe, North America, and Rest of the World.

Regional Analysis

The regional assessment of the automotive radar sensors market 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 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.

Key Players

The important companies in the automotive radar sensors market are HELLA KGaA (Germany), Continental AG (Germany), Denso Corporation (Japan), ZF Friedrichshafen AG (Germany), Robert Bosch GmbH (Germany), Autoliv Inc. (Sweden), Valeo S.A (France), Infineon Technologies AG (Germany), NXP Semiconductors N.V (Netherlands), Texas Instruments Incorporated. (U.S.). First Sensor AG (Germany), Kestrel Radar Sensors (England), InnoSenT - Innovative Radar Sensor Technology (Germany), and FUJITSU TEN Ltd. (Japan) are among others.

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