ACCESSWIRE
23 Nov 2020, 18:37 GMT+10
DALLAS, TX / ACCESSWIRE / November 23, 2020 / According to a market report by Lucintel, the future of the automotive radar market looks promising with opportunities in the large car, SUVs and crossovers, mid-size car, and light commercial vehicles, and electric vehicle markets. The automotive radar market is expected to grow with a CAGR of 24% from 2019 to 2024. The major drivers for this market are stringent government regulations for vehicle safety, increase in adoption of ADAS technology by OEMs, growing demand for premium segment vehicles, innovations in the radar technology, and increasing number of radar sensors used per vehicle.
To download report brochure, please go to https://www.lucintel.com/automotive-radar-market.aspx and click 'report brochure' tab
Within the automotive radar market, large cars, SUVs and crossovers, mid-size cars, light commercial vehicles, and electric vehicles are the major end use industries. Luxury car is the largest end use segment for automotive radar market.
Long Range RADAR (LRR), Short and Mid-Range RADAR (S&MRR) are the major radar range segment of the automotive radar market.
Europe will remain the largest region over the forecast period due to the stringent government regulations, rapid adoption of radar-based safety features, and high demand for premium cars.
Continental, Robert Bosch, Delphi Automotive, Denso Corporation, Infineon Technologies, NXP Semiconductors, Valeo, Analog Devices, Hella KGaA Hueck & Co, Texas Instruments, Autoliv, and ZF Friedrichshafen are among the major suppliers of automotive radar.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive radar market by range, by frequency band, by application, by end use, and by region. Lucintel has prepared a comprehensive research report titled 'Automotive RADAR Market 2019-2024: Trends, Forecast, and Opportunity Analysis'. This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the automotive radar market by range, by frequency band, by application, by end use, and by region as follows:
By Range [$M shipment analysis for 2013 - 2024]
By Frequency Band [$M shipment analysis for 2013 - 2024]
By Application [$M shipment analysis for 2013 - 2024]
By End Use [$M shipment analysis for 2013 - 2024]
By Region [$M shipment analysis for 2013 - 2024]
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
Related reports
Automotive Millimeter- wave Radar IC Market:
For more details click here https://www.lucintel.com/automotive-millimeter-wave-radar-ic-market.aspx
Growth Opportunities in the Global Automotive ADAS Market:
For more details click here https://www.lucintel.com/automotive-adas-market-2017-2022.aspx
Growth Opportunities in the Global Automotive ACC System Market:
For more details click here https://www.lucintel.com/automotive-acc-system-market-2017.aspx
Automotive Augmented Reality Market:
For more details click here https://www.lucintel.com/automotive-augmented-reality-market.aspx
Smart Parking Market:
For more details click here https://www.lucintel.com/smart-parking-market.aspx
Automotive Parking Assistance System Market:
For more details click here https://www.lucintel.com/automotive-parking-assistance-system-market.aspx
Automotive Seat Heater Market:
For more details click here https://www.lucintel.com/automotive-seat-heater-market.aspx
Growth Opportunities in the Global Automotive Electronic Control Unit Market:
For more details click here https://www.lucintel.com/automotive-ecu-market-2018-2023.aspx
Growth Opportunities in the Global Automotive Infotainment Market:
For more details click here https://www.lucintel.com/automotive-infotainment-market-2016-2021.aspx
Automotive In-Dash Navigation System Market:
For more details click here https://www.lucintel.com/automotive-in-dash-navigation-system-market.aspx
SOURCE: Lucintel
Get a daily dose of St Louis Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to St Louis Star.
More InformationLast week Israeli human rights group B'Tselem released a position paper describing for the first time in its 30-year history, ...
WASHINGTON, DC - With a promise to 'heal' America, which in recent months witnessed a chaotic election and messy transition ...
KABUL, Afghanistan - Major violence has spread, and escalated across Afghanistan.Scores of national security forces and Taliban militants have been ...
JERUSALEM - Israeli authorities should provide Covid-19 vaccines to the more than 4.5 million Palestinians in the occupied West Bank ...
WASHINGTON, DC - Washington is locked down and U.S. law enforcement officials are geared up for pro-Trump marches in all ...
WASHINGTON, DC - In a sign of the changing political environment in the Middle East, the United States military will ...
U.S. stocks rose on Tuesday, the last day of Donald Trump's presidency.It was a fitting farewell as numerous records were ...
DUBLIN, Ireland - Five additional Irish ports for UK registered Northern Ireland vessel landings have been designated for both IUU ...
SYDNEY, NSW, Australia - Stocks in Asia were hot on Tuesday, although mainland China was running against the trend.In Hong ...
SYDNEY, NSW, Australia - The Australian metropolitan commercial radio audience grew by 2% to nearly 11.1 million listeners in 2020, ...
NEW YORK, New York - According to futures trading, U.S. stocks are likely to sink further when they re-open on ...
WASHINGTON, DC - Tech giant, Apple might finally be getting rid of Touch Bar from its next rendition of the ...