Automotive Radar Market Analysis Update and News

Market-Research
Automotive Radar Market

The global automotive radar market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2027. 

The global automotive radar market report has been segmented on the basis of product application, range, vehicle type and region.

Automotive radar increases accuracy to measure exact distance between vehicles to avoid collision. It helps to determine the distance between vehicles in real-time, and also collision detection, warning and mitigation, collision avoidance, blind spot monitoring / blind spot detection, lane change assistance, lane departure warning, rear cross-traffic alerts, and vulnerable road user detection. 

Currently, advanced vehicles have features such as cameras and ultrasound, sensors that obtain and process information, resulting in better and quicker decision making for the driver. 

At times, presence of electrical towers or electromagnetic hotspots can cause interference with the signal, thereby resulting in malfunction. However, automotive radar systems are comparatively cheaper, reliable, and have advantages related to vehicle navigation and safety.

The market in North America is projected to dominate the global automotive radar market in terms of revenue over the forecast period. Countries in this region are subject to stringent safety regulations, which is a primary factor resulting in it being the largest market for automotive radar systems in 2016.

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