Automotive radar technology is outpacing the automotive sensing technology owing to its phenomenal efficiency and functionality with challenging road infrastructure, projects the latest study by Fact.MR. With advancement in technology, the manufacturers are promising automotive radar with endless possibilities to deliver consistent performance.
According to the study, the sales of automotive radar are expected to reach around US$ 7260.8 Mn by 2022-end registering a steady CAGR during the forecast period. Incorporating 4D imaging technology in autonomous vehicles to bring a paradigm shift in the automotive radar market. Additionally, increasing demand for autonomous electric vehicles and rising production of level 3 autonomous cars to boost the market growth in the upcoming years.
“Penetration of 4D technology and Artificial Intelligence is gaining attractive opportunities for prosperous launch and production of new generation radar platform among manufacturers,” says a Fact.MR analyst.
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Key Takeaways
Prominent Drives
Key Restraints
Competitive Landscape
Continental AG, Robert Bosch GmbH, Infineon Technologies AG, ZF Friedrichshafen AG, Delphi Automotive PLC., Denso Corporation, Hella KGaA Hueck & Co., Autoliv Inc., NXP Semiconductors, and Texas Instruments Incorporated are some prominent Automotive Radar manufacturers profiled in Fact.MR’s report.
Infineon Technologies AG, in July 2020, launched its first Infineon’s AURIX™, first embedded safety controller worldwide to be ASIL-D certified according to ISO 26262:2018. The company launched its first fully functional safe electrical and electronic car systems with radar detection technology and high safety controllers.
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More Valuable Insights on Automotive Radar Market
Fact.MR, in its new offering, offers a detailed segmentation on the global Automotive Radar market. The study divulges essential insights on the automotive radar market on the basis of range (long range, mid-range and short range), sales channel (OEM and aftermarket), application (adaptive cruise control, autonomous emergency brake, autonomous park assist, blind spot information, and other applications), and key region (North America, Latin America, Europe, Japan, Asia Pacific excluding Japan, and MEA).
Key Questions Covered in the Report
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