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Automotive radar sensors have witnessed a tectonic surge over the past few years due to advancing technology, surging need for safety, and strict mandates from the government. The radar sensors technology is highly dependent on the growth of the automotive industry.
Segmental Analysis
The Automotive Radar Sensors Market Growth is segmented on the basis of range, application, and vehicle type.
Based on range, the Automotive Radar Sensors Market Growth is segmented into short range, medium range, and long range. Among these, the short-range radar sensors segment is likely to dominate the future market owing to the extensive use of short-range sensors in adaptive cruise control systems.
The vehicle type segment comprises a commercial vehicle and passenger car.
Regional Frontiers
Europe bags the second spot in the global market owing to the rising production of commercial and passenger vehicles. In this region, Germany is anticipated to dominate due to the increased production and sales of vehicles. The existence of industry bigshots and the presence of a well-established automotive market has further spurred the production of vehicles, thereby boosting the growth of the regional market.
The Asia Pacific region shows significant growth with the surging production of new vehicles, especially in emerging nations like Japan, China, and India. Moreover, consumers highly demand high-end technologies in the vehicles which contribute to the growth of the market in this region. The extensive adoption of ADASs in the automotive sector is considered a major factor influencing the growth of the regional market.
Industry Updates
June 03, 2019: Radar has found a new place in self-driving technology. For two decades radar has been a staple of driver-assist systems for detecting an obstacle, but not recognized as a tool for localization. Venture capital has flowed into camera-based and lidar solutions for automated vehicles, where radar is viewed as a commodity. A recent spinoff from the Lincoln Laboratory of MIT has revealed innovation being wrung from radar. Companies like Lunewave, Bosch, and WaveSense are considering the role of radar in mobility.
Competitive Dashboard
The top players operating in the Automotive Radar Sensors Market Growth comprises HELLA KGaA (Germany), Robert Bosch GmbH (Germany), Denso Corporation (Japan), Continental
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