Market Research Report
Automotive Radar Sensors - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||652619|
|Published||Content info||176 Pages
Delivery time: 2-3 business days
|Automotive Radar Sensors - Global Market Outlook (2017-2026)|
|Published: April 1, 2018||Content info: 176 Pages||
According to Stratistics MRC, the Global Automotive radar sensors Market is expected to grow at a CAGR of 18.9% during the forecast period. Increase in number of RADAR sensors used per vehicle, rising government regulations for vehicle safety and increase in adoption of ADAS technology by OEMS and increased demand for premium segment vehicles are some of the key driving factors. However, the high cost of radar sensors and the corresponding technology is one of the key restraints of the market.
Automotive radars are driver assistance systems that use sensors to detect the speed and range of objects in proximity of the vehicle. It is a core sensor (range, speed) of driver assistance systems: long range (LRR) for Adaptive Cruise Control, medium range (MRR) for cross traffic alert and lane change assist, short-range (SRR) for parking aid, obstacle/pedestrian detection. A key component of ADAS is radar systems that constantly sense the distance between vehicles in real-time, improving driving efficiency and safety.
Amongst Application, Intelligent parking assistant segment is held significant during the growth of the forecast period. Vehicle equipped with the intelligent parking assist system(IPAS) in-dash screen and button controls, the car can steer itself into a parking space with little input from the user. It has several outstanding characteristics, such as intelligent prompts for parking dynamic track, reading the data of original parking, giving reference to the car exact position itself. North America estimated to be the largest market, by value, for automotive radar systems owing to the safety regulations in the region. Increased awareness towards safety features has also fueled the demand in the region.
Some of the key players in Automotive Radar Sensors are Boston Scientific Corporation, Market Drot, Canon Medical Systems Corporation, Abbott Vascular, Koninklijke Philips N.V, ST. Jude Medical, Merit Medical Systems, Inc, Medtronic Inc, Shimadzu Corporation, Toshiba Corporation, Philips Healthcare, Siemens Healthcare, Cordis Corporation (A Jnj Company), GE Healthcare, AngioDynamics, Inc.