Worldwide Automotive Radar Industry to 2026 - Digital Transformation Instead of Analog/RF Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Automotive Radar Market (2021-2026) by Range, Frequency, Application, Vehicle Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Automotive Radar Market is estimated to be USD 4.73 Bn in 2021 and is expected to reach USD 12.42 Bn by 2026, growing at a CAGR of 21.3%.

Key factors such as the rise in demand for safety features and increasing sales of luxury cars are driving the market growth. Technological advancements and increasing awareness among people provide growth opportunities to the market.

However, high cost and complex structure factors are likely to restrain the market growth. Moreover, lower efficiency and shorter wavelength are major challenges in the market.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Automotive Radar Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Market Dynamics

Drivers

• Rise in Demand and Government Regulations for Safety Features
• Increase in Adoption of ADAS Technology by OEMs
• Increasing Sales of Luxury Cars

Restraints

• Usage of Radar Detectors Considered as Illegal in Some Countries
• High Cost and Complex Structure

Opportunities

• Technological Advancements
• Digital Transformation Instead of Analog/RF

Challenges

• Issues Related to Equipment Calibration and Testing
• Shorter Wavelength

Companies Mentioned

• Analog Devices
• Autoliv
• Continental
• Delphi Automotive
• Denso
• Fujitsu
• HELLA
• Infineon Technologies
• Mitsubishi Electric
• Nidec Elesys
• NXP
• RadSee Technologies
• Robert Bosch
• Rohde & Schwarz
• Symeo
• STMicroelectronics
• Texas Instruments
• TungThih Electronic
• Valeo
• Veoneer
• ZF Friedrichshafen

For more information about this report visit https://www.researchandmarkets.com/r/6kgmor