Vikas Maximize Submitted 2018-11-30 06:35:06 Automotive Radar Market size is valued at US$ 3.0 Bn in 2017 and expected to grow at a CAGR of 15% in the forecasting period. Rising safety needs among consumers will catapult automotive radar market share from 2017 to 2026. In 2015 Cheap Custom Baseball Jerseys Online , the U.S. NHTSA (National Highway Traffic Safety Administration) announced mandatory installation of AEBS (Automatic Emergency Braking Systems) into cars beginning with model year 2018 to prevent crashes.
Sensor systems that offer enhanced safety features mainly include autonomous braking, forward collision warning system, adaptive cruise control, lane departure warning Cheap Custom Baseball Jerseys For Sale , adaptive headlights, blind spot detection, backup camera, parking assistance Cheap Custom Baseball Jerseys From China , reverse sensors, and side-view assist. Rising consumer awareness regarding features such as high commercial acceptance will drive automotive radar market size over the next eight years.
Automotive Radar Market
The Automotive Radar market is segmented based on application and geography. By application segment, the market is segmented into adaptive cruise control (ACC), blind spot detection (BSD) Cheap Custom Baseball Jerseys China , lane departure warning system (LDWS), parking assistance (PA) and forward collision warning system (FCWS). Adaptive cruise control (ACC) is the major segment where the Automotive Radar is highly demanded and thus, it is expected to hold major market share in the forecast period. This can be attributed to its flawless ability of monitoring and maintaining user-specified gap between the vehicles ahead. ACC is combination of long, mid and short-range radars that is used to transmit data to the control unit. It complements vehicle styling and thus is only available in high-end luxury cars.
Geographically Cheap Custom Baseball Jerseys , the Automotive Radar market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific is expected to be largest market for Automotive Radar during the forecast period. China automotive radar market share will drive Asia Pacific revenue in the coming years. High vehicle production and sales across the region justifies the industry scenario.
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