CREMA (CR), Italy -
March 6, 2020 -
PRLog -- The global automotive radar market is anticipated to gain the market worth of US$ 11,968.53 million by 2025, expanding at a CAGR of 21.8% during the forecast period 2019-2025. Short-range & medium-range radar (S&MRR) and long-range radars (LRR) are the major types of radar-based on their range of clear visibility. In 2018, S&MRR dominated the global automotive radar market and is anticipated to generate a market size of US$ 7330.72 million by 2025. On the other hand, the LRR segment is anticipated to expand at the highest CAGR growth of 24.3% during the analyzed period. Changing vehicle safety regulation, increase in adoption of advanced driver assistance system (ADAS) technology and increasing the number of radar sensors used per vehicle is the major growth drivers for the global automotive radar market. Stringent government regulations, mandating rear-view camera system and lane departure warning technologies in vehicles has also stimulated the growth of the technology in several countries. In addition, the growing adoption of ADAS technology across mid-priced and premium segment vehicle has further fueled the growth of the market at a global scale.
For Regional/country-wise analysis of the overall adoption of Radar technology in vehicles browse through -
https://univdatos.com/report/global-market-insights-on-automotive-radar-insights-and-forecast-2019-2025The growing governmental regulations on vehicle security and mandating of certain ADAS features in vehicles are helping widespread adoption of radar across several application areas in a vehicle. Adaptive cruise control, autonomous emergency braking, intelligent parking systems, blind-spot detection, collision mitigation system and others are the major application area of radar technology analyzed in the study. Adaptive cruise control dominated the market with market size of US$ 1,009.6 million in 2018 and is expected to maintain its dominance during the forecast period 2019-2025.
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