Global Automotive Rear Cross Traffic Alert (RCTA) Market Outlook, 2019-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 12, 2019--
The “Global Automotive Rear Cross Traffic Alert (RCTA) Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The automotive rear cross traffic alert market analysis considers the applications of rear cross traffic alert in passenger cars and commercial vehicles. The analysis also considers the sales of automotive rear cross traffic alert in North America, Europe, APAC, MEA, and South America.
In 2018, the passenger cars segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the growing safety concerns will play a significant role in the passenger cars segment to maintain its market position.
Also, the report looks at factors such as the growing demand for cohesive safety systems in automobiles, increasing emphasis on safety solutions by the automotive ecosystem, and stringent regulations governing the use of advanced safety systems.
However, the reliability issues leading to doubts over user acceptance, the negative impact of the use of driver assistance systems, and multiple compliance standards complicating ADAS development may hamper the growth of the automotive rear cross traffic alert industry over the forecast period.
Increasing emphasis on safety solutions by the automotive ecosystem
Automobile companies are constantly focusing on the development of safety solutions to reduce vehicular accidents caused by human errors. Moreover, consumers have become more concerned about vehicle safety, which is encouraging automakers to adopt technologies such as ADAS in compact segment vehicles.
As RTCA forms a crucial part of ADAS, the growing emphasis on safety solutions by the automotive ecosystem will drive the expansion of the automotive rear cross traffic alert market at a CAGR of close to 6% during the forecast period.
Growing use of sensor fusion technique for more accurate information interpretation
Sensor fusion technique is gaining immense popularity among automotive OEMs, particularly in luxury vehicles. Sensor fusion technology takes the input of various sensor types and uses the combined information to perceive the environment more accurately.
The technology is expected to be adopted in mass segment vehicles during the forecast period. The growing use of sensor fusion technique will fuel the growth of the automotive rear cross traffic alert market during the next five years.
With the presence of a few major players, the global automotive rear cross traffic alert market is fairly concentrated. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive rear cross traffic alert manufacturers, that include:
Also, the automotive rear cross traffic alert market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/iuwe00
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INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 09/12/2019 12:06 PM/DISC: 09/12/2019 12:06 PM