Global Automotive Radar Market By Vehicle Type (PC, LCV and M&HCV), By Application (ACC, FCWS, BSD, LDWS and PA), By Region (North America, Europe & CIS, APAC, MEA and South Africa), Competition Forecast & Opportunities, 2016 – 2022
Global automotive radar market is projected to reach $ 7.32 billion by 2022, on account of growing demand for autonomous vehicles and strict government regulations mandating inclusion of more automobile safety features. Over the last few years, various vehicle OEMs have been working on the concept of fully autonomous passenger cars, and most OEMs believe that the commercial launch of these cars will be determined by the policy and regulatory framework apart from completion of technology inventions. The launch of these cars is expected to further boost demand for automotive radars, globally, during the forecast period.
According to the TechSci Research report, “Global Automotive Radar Market By Vehicle Type, By Application, By Region, Competition Forecast & Opportunities, 2016 – 2022”, some of the major companies operating in global automotive radar market are Infineon Technologies AG, STMicroelectronics, Inc., NXP Semiconductors N.V., ZF TRW Automotive Holdings Corp., Valeo, Inc., Texas Instruments Incorporated, Robert Bosch GmbH, Hella Electronics Corporation, Fujitsu Ten Limited, and others. “Global Automotive Radar Market By Vehicle Type, By Application, By Region, Competition Forecast & Opportunities, 2016 – 2022” report elaborates following aspects of the global automotive radar market:
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