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Automotive Radar Sensors Market 2018 is latest research report by MarketResearchFuture, the global
Automotive Radar Sensors market is expected to Register High Growth Rate during 2018 To 2023.
Report analyzes Automotive Radar Sensors Market Key Companies with Size, Share, Trends analysis, and
Key Country Forecast to 2023. Automotive Radar Sensors Market Information is segmented by
Application (Lane Change Assist , Adaptive Cruise Control , Autonomous Emergency Braking , Blind Spot
Detection , Forward Collision Warning System ), Vehicle Type, By Range and region– Forecast till 2023
Some of The Prominent Market Players Operating The Global Automotive Radar Sensors Market Are:
First Sensor AG (Germany), Kestrel Radar Sensors (England), NXP Semiconductors N.V (Netherlands),
Denso Corporation (Japan), InnoSenT - Innovative Radar Sensor Technology (Germany), Valeo S.A
(France), Continental AG (Germany), HELLA KGaA (Germany), Texas Instruments Incorporated. (U.S.),
Autoliv Inc. (Sweden), Infineon Technologies AG (Germany), ZF Friedrichshafen AG (Germany), Robert
Bosch GmbH (Germany), FUJITSU TEN Ltd. (Japan), and others.
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Market Insights
According to a new report by Market Research Future, the global automotive radar sensors market is
predicted to showcase 19.26 % CAGR over the assessment period (2017-2023) owing to the rise in number
of road accidents worldwide. Safety has evolved as the primary concern for the pedestrians and
passengers. As per the Insurance Institute for Highway Safety, one out of every three fatal crashes can be
avoided if vehicles are well equipped with collision avoidance systems.
Future Drivers and Constraints
Automotive radar sensors are used in several applications such as blind spot detection, forward collision
warning system, parking assistance, autonomous braking, adaptive headlights, lane departure warning,
and adaptive cruise control. Automakers worldwide have started to incorporate basic collision avoidance
system in their mass-market models. Due to the growing number of road accidents, the emphasis is on
improved road safety laws for making vehicles safe for driving purpose. This has resulted in the increased
consumption of advanced driver assistance system and demand for automotive radar sensors market.
Moreover, advanced technology in clean transportation and automobiles, government policies for driver
safety to reduce fatal accidents, and environmental concerns encourage the manufactures to
manufacture efficient and environment-friendly vehicles. This has led to the growth in the demand for
automotive radar sensors worldwide. The radar sensor is highly dependant on the growth of the
automotive industry. Thus, increase in the production of commercial and passenger vehicles with impact
the growth of radar sensors market.
Meanwhile, high cost associated with radar sensors and corresponding technology is one of the major
factors inhibiting the growth of the market over the assessment period.
Global Automotive Radar Sensors Market Segmentation
The global automotive radar sensors market has been segmented on the basis of application, range,
vehicle type, and region.