Next-gen Smart Radar Architecture Marks a Milestone Innovation for Automotive Ra

Posted by Arslan on February 14th, 2019

 A range of automotive sensing technologies appear to be inferior to automotive radar technology when it comes to delivering top notch efficiency and up-to-the-mark functionality in extreme weather conditions and challenging road infrastructure. While this fact will remain the chief driving force for rapid incorporation of automotive radar in vehicles, a new study by Fact.MR sheds light on several other factors influencing the adoption of automotive radar, boosting automotive radar market growth. The report has predicted the global automotive radar market to observe robust growth over the next few years.

Next-gen Smart Radar Architecture Marks a Milestone Innovation for Automotive Radar

Surpassing smart radar, beam forming, and artificial intelligence (AI), the industry is witnessing a shift to the new generation of radar platform, which is foreseen to offer a strong push to the autonomous driving space. While LIDAR (Light Imaging Detection and Ranging) and cameras secure a significant place in the automotive mechanism, automotive radar has been superior due to the exclusive capability of functioning for long-range object detection even in inclement climatic conditions and unfavorable road infrastructure – where all other technology counterparts tend to blind.

Browse Full report with TOC:

https://www.factmr.com/report/23/automotive-radar-market

The global automotive radar market holds impressive growth prospects in the foreseeable future and the roughly US$ 2 Bn automotive radar market revenue is predicted to reach the value beyond US$ 7 Bn over 2017-2022. Prominently driven by automotive and automotive radar manufacturers to adopt technology innovations for greater road safety, the global market for automotive radar is expected to gain a major boost by several initiatives by governments across the globe.

Through 2022, the demand for short-range radar is expected to remain on a higher side – accounting for over the half of the total value of automotive radar market. Passenger cars, having registered a value of more than two-third of the total automotive radar market revenue in 2017, are anticipated to remain the top vehicle type deploying automotive radar technology over the forecast period. Adaptive cruise control will continue to enjoy higher popularity over other counterparts in automotive radar market, as a large number of automakers are considering it as a critically important safety feature in modern vehicles.

Competition Analysis: Global Automotive Radar Market Space

Delphi Automotive PLC, Continental AG, Infineon Technologies AG, Robert Bosch GmbH, Analog Devices, Inc, Denso Corporation, NXP Semiconductors N.V., Hella KGaA Hueck & Co., Texas Instruments, Inc., ZF Friedrichshafen AG, and Autoliv, Inc. constitute some of the top ranking participants in the global competitive landscape of automotive radar market. The report on global automotive radar market renders valued insights on the industry positioning and strategy development of some of the leading players in the global market for automotive radar.