June 28th,2022/IndustryNewsGlobal/ — This new report from Stratview Research analyses the Automotive Radar Market over the trend period from 2015 to 2020 and forecast period from 2021 to 2026. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Automotive Radar Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Automotive Radar Market is no different. Derived from the previous market scenario, the Automotive Radar Market is likely to witness a CAGR of 16% during the forecast period.
Key Players:
- Analog Devices
- Autoliv
- Continental
- Delphi Automotive LLP
- Denso Corporation
- Fujitsu
- Infineon Technologies
- Next eXPerience
- Robert Bosch
- STMicroelectronics.
The Automotive Radar Market is segmented by–
- by Application Type (Adaptive Cruise Control (ACC), Blind Spot Detection (BSD), Lane Departure Warning System (LDWS), Parking Assistance (PA), and Forward Collision Warning System (FCWS)) and
- by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Get access to a deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/2032/Automotive-Radar-Market.html#form
Regional analysis:
In terms of regions, the expanding initiatives and investments in the automotive sector, as well as an increase in the number of vehicle accidents, is propelling the Asia-Pacific’s automotive radar market. It is estimated that around 35 cities in China have around 1 million cars on the road, causing traffic congestion and accidents on 75 percent of the roadways. Automobile radar sensors, which direct the driver along the path, are being used by automobile makers to assure vehicle and driver safety. Companies in the industry are promoting their next-generation transportation technology in order to reduce traffic congestion and improve overall transportation convenience.
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