DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Automotive RADAR Market by Range Type (Long Range RADAR and Short & Medium Range RADAR), Application (ACC, AEB, FCWS, BSD, and Intelligent Parking Assistance), Frequency (2X-GHz and 7X-GHz), Vehicle Type, and Region - Global Forecast to 2021" report to their offering.
The global automotive RADAR market is projected to reach a market size of USD 6.61 billion by 2021, growing at a CAGR of 23.81% from 2016 to 2021.
The major factors driving the growth of this market include introduction of driver assistance technologies as per government regulations in passenger as well as commercial vehicles and rising awareness about vehicle and pedestrian safety. The rising trend of autonomous and semi-autonomous vehicles, which use automotive RADAR systems, is also an important factor to be considered.
The 7X-GHz frequency band was estimated to be the fastest growing segment of automotive RADAR market in 2016. The 7X-GHz systems are expected to drive the future RADAR growth as the majority of industry players are currently working on developing more 7X-GHz systems at a lower cost. The European Commission is also in favor of legalizing the use of 79-GHz RADAR sensor for automotive ADAS applications.
The mid-priced passenger vehicle type is estimated to hold the largest market size during the forecast period. This is because most of the mid-priced passenger vehicles are being incorporated with the automotive RADAR based ADAS applications, which were initially equipped in luxury vehicles only. The reduced cost of components, along with increased participation of major players across the eco-system, has also helped to reduce the overall cost of RADAR based ADAS features. This has favored the implementation of these features into the mid-priced passenger vehicles at an affordable price.
Europe is estimated to be the largest region in terms of volume.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Technological Overview
7 Automotive RADAR Market, By Application
8 Automotive RADAR Market, By Frequency Type
9 Automotive RADAR Market, By Vehicle Type
10 Automotive RADAR Market, By Region
11 Competitive Landscape
- Analog Devices Inc.
- Autoliv Inc.
- Continental AG
- Delphi Automotive PLC
- Denso Corporation
- Hella KGaA Hueck & Co
- Infineon Technologies AG
- NXP Semiconductors N.V.
- Robert Bosch GmBH
- Texas Instruments Inc.
- Valeo S.A.
- ZF Friedrichshafen AG
For more information about this report visit http://www.researchandmarkets.com/research/t8z2t5/automotive_radar