The global Automotive Radar Market Growth was analyzed by Market Research Future (MRFR) and it was projected that a notable CAGR will be attained by the market over the forecast period of 2018 to 2023. The valuation of the Automotive Radar Market Growth was further stated to surpass its previous valuation with the revenue pool getting wider.

Segmentation

The global Automotive Radar Market Growth has been segmented in terms of type, end-user, and components.

By frequency, the market segments into 77 GHz, 24 GHz, and 79 GHz.

By application, the market includes adaptive cruise control, parking assistance, lane departure warning system, forward collision warning system, and bling spot detection.

By technology, the market comprises LiDAR, camera, millimeter wave radar, and ultrasonic radar.

Regional Analysis

The global Automotive Radar Market Growth is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).

North America is another key region in the global Automotive Radar Market Growth. The regional market enjoyed 26.16% of the global market share back in 2015. The region is projected to expand in the coming years at a notable pace. The increasing demand for both semi-autonomous and autonomous cars is forecasted to have a positive impact over the regional market in the coming years.

Asia Pacific region is anticipated to experience a phase of positive growth. The region is expected to become one of the lucrative markets for automotive radar applications in the forthcoming years. Countries like Japan, China, South Korea, and others are some of the major fast-paced developing countries that are expected to contribute immensely to the overall growth of the Asia Pacific market.

Competitive Landscape

The global Automotive Radar Market Growth comprises a host of key players. This includes names like Delphi (U.K.), Robert Bosch GMBH (Germany), Panasonic Corporation (Japan), Hella KGAA Hueck & Co. (Germany), Valeo (France), Continental AG (Germany), Denso (Japan), TRW Automotive (U.S.), Sabertek (U.S.), and Fujitsu Ten Ltd (U.S.).