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Automotive Radar Market to Grow at a CAGR of 14.9% to reach US$ 11,640.77 Million from 2020 to 2027

The automotive radar market was valued at US$ 5,019.01 million in 2019 and is projected to reach US$ 11,640.77 million by 2027; it is expected to gr

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The
automotive radar market was valued at US$ 5,019.01 million in 2019 and is
projected to reach US$ 11,640.77 million by 2027; it is expected to grow at a
CAGR of 14.9% during 2020–2027.

The automotive radar
market is driven by various factors such as increasing government regulations
concerning vehicle safety, rising adoption of premium vehicles, as well as a
growing number of radars used in a vehicle. Moreover, the rising production and
adoption of electric vehicles (EV) are further expected to support the growth
of the 
automotive radar
market
. It is anticipated that in the coming years, autonomous
driving will be the growing trend. To attain this, several vision technologies
have increased intending to deliver functionality as well as safety to the
vehicle’s drivers and passengers. Radar systems are considered the most established
and trusted technologies among the automotive industry’s various vision
technologies. At present, several vehicle manufacturers provide ‘level 3’
automation, wherein drivers are on standby for a certain time. These vehicles
are integrated with nearly five radar systems, including SSR and LLR, for
applications such as emergency braking or adaptive cruise control.

Some of
the key player’s analysis in the Automotive Radar market:

    1. Continental AG
    1. Denso Corporation
    1. Aptiv plc
    1. HELLA GMBH & CO. KGAA
    1. Robert Bosch GmbH
    1. VALEO SA
    1. ZF Friedrichshafen AG
    1. Veoneer Inc.
    1. Nidec Elesys Corporation
  1. TungThih Electronic Co., Ltd.

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Global Automotive Radar Market Survey Report

One of
the key parts of this report consists of discussions of key vendors in the Automotive
Radar industry on brand overview, profile, market revenue, and financial
analysis. The report helps market players build future business strategies and
discover global competition. Detailed segmentation analysis of the market is
done by report producer, region, type and application.

Based on
geography, the market report covers data points for multiple regions such as
US, Europe, China, Japan, Southeast Asia, India, Latin America

Market analysis:

Other key
factors considered in this report include supply and demand dynamics, industry
processes, import and export scenarios, R&D development activities, and
cost structures. The report also estimates consumption demand and supply
figures, production costs, gross margins, and product selling prices.

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The main questions answered in this report are:

    • Which
      segments will perform well in the Automotive Radar market over the
      projected years?
    • In
      what market does a company need to approve its existence?
    • What
      is the projected growth rate of the market?
    • What
      are the long-term deficiencies in the industry?
    • How
      does the share market change its value with different manufacturing
      brands?
    • What
      are the key players’ qualities and drawbacks?
  • What
    are the main outcomes and effects of the five strengths surveys on
    industry?

The
conclusion part of their report focuses on the existing competition analysis of
the market. Added some insights that are useful to both industry and clients. All
major manufacturers included in this report are ready to grow their businesses
in the region. We would like to thank the security industry experts and public
relations engineers, as well as the support and assistance from the research
and conventions of the pilot group. Market rates, volumes, income, supply and
demand data are also examined.

About Us:

 

The
Insight Partners is a one-stop industry research provider of actionable
intelligence. We help our clients in getting solutions to their research
requirements through our syndicated and consulting research services. We
specialize in industries such as Semiconductor and Electronics, Aerospace and
Defense, Automotive and Transportation, Healthcare, Manufacturing and
Construction, Media and Technology, Chemicals, and Materials.

 

Contact
Us:

 

If you
have any queries about this report or if you would like further information,
please contact us:

 

Contact
Person: Sameer Joshi

E-mail:
sales@theinsightpartners.com

Phone:
+1-646-491-9876

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