The global automotive radar market is forecast to reach USD 19.31 Billion by 2026, according to a new report by Reports and Data. Automotive radar helps locate objects surrounding the car with the help of the transmitter and receiver of the radar system. The transmitter of the radar system emits radio waves that stumbles into the object and bounces back to the receiver of the radar, providing information on the real-time location of the objects around the vehicle. The global market is growing at a substantial pace due to the growing demand for advanced driver-assistance systems (ADAS) in all the vehicle types. The massive penetration for the futuristic driverless autonomous vehicles throughout the world influentially propels the market owing to its low-cost, high-performance safety additive deployment in the automotive systems. The most prominent constraints for the vehicular radar market is the laser-based solution, LIDAR, which is based on a higher resolution monitoring and provides more accurate detection than radar.

Asia Pacific market is forecasted to generate a revenue of USD 5.85 Billion in the year 2026, owing to its extensive demand for radar system in all the vehicle types coupled with the considerable market penetration in the driverless autonomous cars and elevated growth in the overall automotive industries in China, Japan, and India. The United States possesses the highest market worldwide while Germany and the Netherlands hold some of the most prominent players in the market.

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Some of the key players operating in the Automotive Radar market include:

Continental AG, Robert Bosch GmbH, Infineon Technologies AG, Denso Corporation, Valeo, NXP Semiconductors N.V., Texas Instruments Incorporated, Autoliv Inc., Delphi Technologies, and Hella KGaA Hueck & Co.

Segments covered in the report:

Applications Outlook (Revenue, USD Billion; Volume, Thousand Unit; 2016-2026)

Adaptive Cruise Control
Autonomous Emergency Braking
Collision Mitigation & Warning System
Blind Spot Detection
Turing Assistance
Rear Clash & Collision Aids
Parking Control Aids
Other ADAS

Frequency Band Outlook (Revenue, USD Billion; Volume, Thousand Unit; 2016-2026)

24 GHz
77 GHz

Level of Vehicle Automation Outlook (Revenue, USD Billion; Volume, Thousand Unit; 2016-2026)

Level (0-2)
Level (3-4)
Level (5-6)

Vehicle Type Outlook (Revenue, USD Billion; Volume, Thousand Unit; 2016-2026)

Budget Passenger Vehicle
Mid-Range Passenger Vehicle
Premium Passenger Vehicle
Commercial Vehicle

On the basis of regional analysis, the market is segmented into key geographical regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. According to the analysis, North America is expected to dominate the market with the highest market share. Asia-Pacific is anticipated to show a significant growth rate owing to rising development and population demands.

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Beneficial Aspects of the Report:

Global and region forecast of the Automotive Radar market from 2020-2027
In-depth analysis of market dynamics, industry outlook, market size based on types and applications
Details of value chain analysis, supply and demand ratio, production and consumption patterns
SWOT Analysis, Porter’s Five Forces Analysis, Feasibility Analysis, and Investment Return Analysis to provide a better understanding of the market and competitive players
Detailed insights on competitive landscape and emerging market trends

Research Methodology:

The market report is formulated on the basis of data obtained through extensive primary and secondary research. The data is further validated and verified by industry experts, research analysts, and professionals. The report considers regional demand and supply ratio, investments, market dynamics, capacity, end-use industry trends, and consumer behavior to generate a forecast report. The data is collected from verified sources such as government policies, regulatory published materials, journals, trade magazines, and verified data sources. The report uses advanced analytical tools such as SWOT Analysis, Porter’s Five Forces Analysis, Feasibility Analysis, and Investment Return Analysis to provide an accurate insight into the market scenario and competitive landscape. This report provides beneficial information to companies and new players to make lucrative business decisions. The market estimates and forecast data have been thoroughly verified through exhaustive primary research.

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