Market Research Report
Global Automotive Radar Sensors Market 2018-2022
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||421664|
|Published||Content info||123 Pages
Delivery time: 1-2 business days
|Global Automotive Radar Sensors Market 2018-2022|
|Published: December 5, 2018||Content info: 123 Pages||
The growing emergence of intelligent transportation to gain traction in the market. The automotive industry is seeing an increasing demand in terms of connectivity in cars. Various new technologies are being integrated into vehicles to meet the current and potential future demands. Technavio's analysts have predicted that the automotive radar sensors market will register a CAGR of more than 21% by 2022.
The wide availability of 79-GHz radar sensors required for operating radar-based automotive safety systems will continue to promote the use and adoption of radar sensor units.
Many venture capitalists are interested in companies that make better and cheaper LIDAR sensors for autonomous vehicles. Hence, the continuous reduction in price of both radar and LIDAR sensor technologies will negatively affect the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the automotive radar sensors market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including Bosch and Continental the competitive environment is quite intense. Factors such as the availability of high-frequency radar sensors and the growing emergence of intelligent transportation, will provide considerable growth opportunities to automotive radar sensors manufactures. Bosch, Continental, DENSO, NXP Semiconductors, Veoneer, and ZF Friedrichshafenare some of the major companies covered in this report.