DUBLIN--(BUSINESS WIRE)--Sep 12, 2018--The “Automotive Radar Market by Range, by Vehicle Type, by Application, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2016 - 2023” report has been added to ResearchAndMarkets.com’s offering.
Global automotive radar market size is projected to reach $9,475.4 million by 2023.
The market growth is mainly driven by the growing focus on vehicle safety systems coupled with increasing vehicle production and sales, especially premium and luxury vehicles. Active government initiatives for increasing vehicle safety are expected to boost the market growth.
Furthermore, with the decrease in radar prices, it has become possible for automakers to incorporate these safety systems in mid-priced vehicles. Thus, the market is expected to gain momentum in the coming years, driven mainly by the growing sales of mid-priced passenger cars.
Europe is estimated to hold the largest share in the automotive radar market, with more than 30.0% revenue contribution in 2017. Owing to the increasing stringency in vehicle safety norms, the automotive component manufacturers have diverted their focus toward the development of low-cost radar based safety systems in the region. In addition, the region is the hub of major premium vehicle manufacturers such as BMW, Mercedes Benz, AUDI, and Volkswagen group, giving impetus to the market growth there.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
Chapter 5. Global Market Size And Forecast
Chapter 6. Europe Market Size And Forecast
Chapter 7. North America Market Size And Forecast
Chapter 8. Asia-Pacific Market Size And Forecast
Chapter 9. Row Market Size And Forecast
Chapter 10. Company ProfilesContinental AG Denso Corporation Robert Bosch GmbH Infineon Technologies AG Valeo SA NXP Semiconductors N.V. HELLA KGaA Hueck & Co. Texas Instruments Incorporated Autoliv Inc. ZF Friedrichshafen AG.
For more information about this report visit https://www.researchandmarkets.com/research/86tfjw/automotive_radar?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180912005937/en/
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Related Topics:Telematics and Vehicle Electronics
INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/12/2018 02:16 PM/DISC: 09/12/2018 02:16 PM