Transparency Market Research in its new report titled, “Automotive Forward Looking RADAR Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the automotive forward looking RADAR market. The TMR report anticipates that the growing demand for active safety systems in automotive such advance driver assistance system will drive the automotive forward looking RADAR market during the forecast period i.e, 2018-2026. Stringent safety standards passed by automotive regulatory bodies across the world and encouragement for adoption of safety systems by New Car Assessment Program (NCAP) are projected to drive the automotive forward looking RADAR market during the forecast period. Automotive forward looking RADAR not only aids the vehicle in collision detection, crash avoidance, and mitigation, but also in cross traffic alert, blind spot detection (BSD), and pedestrian protection system. These features are expected to propel the demand for automotive forward looking RADAR during the prognosis period, says the report.
The TMR report has split the automotive forward looking RADAR based on range type, application, vehicle type, sales channel, and region. In terms of range type, the automotive forward looking RADAR market is divided into three segments. Based on range type, the long range segment holds a major share of the market and is expected to maintain its dominant position during the forecast period. The long range segment expands the application in the vehicle. Long range RADARs are used for adaptive cruise control. On the basis vehicle type, the automotive forward looking RADAR market is classified into two segments. Among them, the passenger vehicle segment accounts for a prominent share of the market. In hilly areas, distraction of the driver or anxiety while driving is likely to pose a threat to human life and can cause major damage to both passengers and vehicle. Such incidents are avoided by active safety systems, which are coupled with automotive forward looking RADAR, as they guide the car, thereby avoiding collision or accidents. The passenger vehicle segment is also expected to witness significant expansion owing to rising awareness about safety during the forecast period.
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On a regional perspective, the automotive forward looking RADAR market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these, Europe accounts for a major share of the global automotive forward looking RADAR market. This is ascribed to the rising awareness about safety and increased number of accidents. Most fatal accidents in the region are drink driving crashes. This leads to a high rate of adoption of the frontal collision system in the region. This trend is expected to continue during the forecast period. It is expected to remain a key factor in the region, which is likely to drive the automotive forward looking RADAR market during the forecast period. Sone of the prominent players operating in the global automotive forward looking RADAR market include Robert Bosch GmbH, Continental AG, Delphi, Valeo, HELLA GmbH & Co. KGaA, FUJITSU, ZF Friedrichshafen AG, Autoliv Inc., Infineon Technologies AG, Raytheon Company., AISIN SEIKI Co., Ltd., WABCO, Denso Corporation, smartmicro, and NXP Semiconductors.
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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