Global Automotive Radar Application Industry will cross USD 3400 Million by 2022

North America is the second largest region that will fuel this market and accounts for market share of 26.16 in 2015.

Key Players: Robert Bosch GMBH (Germany), Panasonic Corporation (Japan), Valeo (France), Continental AG (Germany),TRW Automotive (U.S.), Hella KGAA Hueck & Co. (Germany),”

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PUNE, MAHARASHTRA, INDIA, April 20, 2017 /EINPresswire.com/ — Market Highlights

The automotive radars are devices used in advanced cruise control systems to direct a vehicle’s accelerator and braking systems. It also helps maintain a distance between two vehicles. The radar sensors take note of vital information, such as Doppler velocity, range and angle. This information is used to determine the driving situation and intimate the driver of potentially dangerous events ahead. Safety has emerged as a primary concern for passengers and pedestrians as the number of road accidents and fatalities continue to rise

Europe is one of the major revenue generator as well as producer of automotive radar and accounts for the largest share of 35.98 % in 2015. However, for the manufacturer there will be an extreme opportunity to invest or increase the production capacity. North America is the second largest region that will fuel this market and accounts for market share of 26.16 in 2015.

Major Key Players

• Robert Bosch GMBH (Germany),
• Panasonic Corporation (Japan),
• Valeo (France),
• Continental AG (Germany),
• TRW Automotive (U.S.),
• Hella KGAA Hueck & Co. (Germany),
• Delphi (U.K.), Sabertek (U.S.),
• Denso (Japan),
• Fujitsu Ten Ltd (U.S.).

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The major drivers for automotive radar application industry are increase in awareness about the driving safety among the consumers and various government initiatives that have been taken to lessen the road accidents. Due to the huge surge in the number of accident fatalities worldwide, significant emphasis is being given to improving road safety legislations and making vehicles safer. This, in turn, is increasingly driving the adoption of automotive radar application and subsequently increasing the demand for radar sensors.

The report has analyzed the market based on the four segments: Frequency, Technology, application, and, region. On the basis of Technology, LiDAR is leading the market was valued at USD 490.9 million. Based on Application, Adaptive Cruise Control is estimated to be the leading automotive radar market with a market size of USD 416.4 million in 2015. On the basis of frequency, 79 GHz is expected to be the fastest-growing segment of the automotive radar application industry market over the forecast period. The use of long-range (79GHz) radar sensors in combination with LiDAR sensors for route mapping purposes will account for the high growth of this market segment.

Taste the market data and market information presented through more than 21 market data tables and 33 figures spread in 90 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Automotive Radar Application Market Information from 2011 to 2022"

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Market Research Analysis:
The market is highly based on application. The high demand for automobiles from APAC countries, supportive government policies and regulations for driving safety to reduce the fatalities by road accidents globally is anticipated to drive the demand for Automotive Radar over the next five years.
The major drivers for this market are increase in awareness about the driving safety among the end consumers and various government initiatives to reduce the road accidents.

Regional Analysis
Europe accounts for the largest share of 35.98% in the global automotive radar applications market in 2015. Europe is one of the major revenue generator as well as producer of automotive radar however, for the manufacturer there will be an extreme opportunity to invest or increase the production capacity. It is followed by North America which accounts for 26.16% for the market share.

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LIST OF TABLES
Table 1 Global Automotive Radar Application Industry Market, By Application
Table 2 Global Automotive Radar Application Industry Market, By Frequency
Table 3 Global Automotive Radar Application Industry Market, By Technology
Table 4 Global Automotive Radar Application Industry Market, By Regions
Table 5 North America Automotive Radar Application Industry Market, By Application
Table 6 North America Automotive Radar Application Industry Market, By Frequency
Table 7 North America Automotive Radar Application Industry Market, By Technology
Table 8 U.S. Automotive Radar Application Industry Market, By Application

List of Figures
Figure 1 Research Application
Figure 2 Global Automotive Radar Application Industry Market: By Application (%)
Figure 3 Global Automotive Radar Application Industry Market: By Frequency (%)
Figure 4 Global Automotive Radar Application Industry Market: By Technology (%)
Figure 5 Global Automotive Radar Application Industry Market: By Region
Figure 6 North America Automotive Radar Application Industry Market, By Application (%)
Figure 7 North America Automotive Radar Application Industry Market, By Frequency (%)

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Source: EIN Presswire