Radars play an important role
in detecting objects in several safety systems, including pedestrian detection
system, automated emergency braking, adaptive cruise control, and blind spot
detection. Their implementation allows accurate detection of objects and
augments vehicle safety. Automotive radars can be long range, medium range, or
short range.
Demand
for Automotive Radars in Passenger Vehicles to Experience Sharp Rise through
2025
Automotive radars find
application in passenger vehicles and commercial vehicles. Passenger vehicles
will account for a larger share through 2025. Rising awareness regarding
vehicle safety among mid-priced vehicles owners is stimulating the growth of
the segment. Spiraling sales of luxury vehicles are also contributing to the
growth of the market. A large number of luxury vehicle manufacturers are
incorporating features such as vehicle autonomy to enhance their visibility in
the market. Thus, it becomes essential for them to focus on improvement of the
radar technology and subsequently on radar size reduction. For instance, Audi
is using Infineon’s radar sensor chips for its A8 models, the world’s first
series production car offering level 3 automated driving.
The commercial vehicles segment
also offers significant potential to automotive radar manufacturers. Booming
logistics industry and e-commerce are translating into the greater sales of
commercial vehicles. Growing trend of vehicle autonomy in commercial vehicles
is supplementing the growth of the segment.
Market
insights
According to a report by Grand
View Research Inc., the global automotive radar market is
projected to post a CAGR of 20.8% between 2017 and 2025 (forecast period).
Strict government regulations for promoting driver and passenger safety are
escalating the development of vehicle safety systems. This, in turn, is likely
to stoke the growth of the market. Declining prices of electronic products used
in vehicles are expected to help the market to gain remarkable momentum. This
coupled with growing vehicle electrification will further drive the market.
Europe was at the forefront of
growth in 2016. The growth of the market can be attributed to stringent safety
norms implemented by European Commission (EC) and flourishing automotive sector
in Germany. Some of the prominent companies operating in the market are Delphi
Automotive PLC, Continental AG, Robert Bosch GmbH, Denso Corporation, and Texas
Instruments.
In-Depth
Research Report On Automotive Radar Market:
https://www.grandviewresearch.com/industry-analysis/automotive-radar-market
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