{"product_id":"global-automotive-radar-market-analysis-trends-industry-forecast-to-2028","title":"Global Automotive Radar Market Analysis \u0026 Trends - Industry Forecast to 2028","description":"\u003cp\u003eGlobal Automotive Radar Market Analysis \u0026amp; Trends - Industry Forecast to 2028\u003c\/p\u003e\n\n\u003cp\u003eAutomotive Radar: Market Size\u003c\/p\u003e\n\n\u003cp\u003eFrom $5.33 billion in 2020, the global Automotive Radar market is projected to reach $25.86 billion by 2028. Based on our analysis the market is expected to grow at a CAGR of 21.8% from 2020 - 2028 timeframe. Some of the prominent trends that the market is witnessing include, increasing adoption of long-range radar systems, growing demand for ADAS features, and an increase in demand for safety features in automobiles.\u003c\/p\u003e \n\n\u003cp\u003eGlobal Automotive Radar Market: Market Dynamics\u003c\/p\u003e\n\n\u003cp\u003eVehicle manufacturers are focusing on developing next-generation car models that would be equipped with up to ten radar sensors. This enables a radar-based 360-degree surround-view that is necessary for semi-autonomous operation, as well as advanced driver assistance. Therefore, the command for multi-functional radar systems from the automotive industry is increasing exponentially. The growing requirements have led to a greater R\u0026amp;D in the field of radar systems of the automotive sector.\u003c\/p\u003e\n\n\u003cp\u003eFor instance, in August 2020, Huawei augmented investment in its optoelectronics R\u0026amp;D center in Wuhan, China with a focus on developing low-cost LiDAR technology and radar sensors. Hence, larger investments in improving the sensor and functionality capabilities of automotive radar as well as reducing the cost of radar technology are likely to drive the growth of the market.\u003c\/p\u003e\n\n\u003cp\u003eOn the other hand, usage of RADAR detectors being considered as illegal in some countries is likely to obstruct the profit boundaries. In addition, increased demand for premium segment vehicles and rising government regulations for vehicle safety will further boost the automotive radar market.\u003c\/p\u003e\n\n\u003cp\u003eImpact of Covid-19 on Automotive Radar\u003c\/p\u003e\n\n\u003cp\u003eThe outbreak of COVID-19 has had a negative impact on the Automotive Radar Market. The covid-19 pandemic caused an unexpected lockdown in many parts of the world for preventing the spread of the virus which resulted in the rapid closing down of shops, factories, etc. The rapid decline of demand and supply and travel bans led to the downfall of the non-essential product market globally. The pandemic has made a major negative impact on the economy due to less work happening, less demand, shortage of employees in the factory, also due to travel ban which led to a shortage of raw materials, thus stopping the production. On the other hand, with the lockdown being relaxed and vaccination drives happening in many countries, the workflow has started growing thus, helping the market players to make a comeback. Government regulations and support regarding the growth in the economy and mounting start-ups are expected to surge the valuation of the automotive radar market during the forecast period. Hence, with these initiatives and processes, market growth is anticipated to grow in the near future.\u003c\/p\u003e\n\n\u003cp\u003eBy Frequency Type\u003c\/p\u003e\n\n\u003cp\u003e7X-GHz Systems Segment Dominate the Market in 2020\u003c\/p\u003e\n\n\u003cp\u003eThe 7X-GHz systems segment made enormous revenue in 2020 and growing its prominence during the forecast period. The high demand for the 7X-GHz systems can be ascribed to advantages accessible by these sensors in different advanced driver assistance systems (ADAS) applications. 7X-GHz systems are used in adaptive cruise control, emergency braking system, and collision avoidance system among others. The market for these technologies is on the rise due to their better resolution and range capability.\u003c\/p\u003e\n\n\u003cp\u003eBy Geography\u003c\/p\u003e\n\n\u003cp\u003eNorth America Region is Leading in the Global Market Place\u003c\/p\u003e\n\n\u003cp\u003eNorth America is likely to have a huge demand in the forecast period due to the increasing development activities for autonomous vehicles, which are leading to high demand for radars in the continent. Along with the main regional automakers focusing on technological enhancements, governments are implementing several policies and presenting financial incentives for the implementation of such devices.\u003c\/p\u003e\n\n\u003cp\u003eList of the Key Players Profiled in the Market Include:\u003cbr\u003e\n \u003cbr\u003e\n• Aptiv plc \u003cbr\u003e\n• Continental AG \u003cbr\u003e\n• Denso Corporation \u003cbr\u003e\n• HELLA GMBH \u0026amp; CO. KGAA \u003cbr\u003e\n• Nidec Elesys Corporation \u003cbr\u003e\n• Robert Bosch GmbH \u003cbr\u003e\n• TungThih Electronic Co., Ltd. \u003cbr\u003e\n• Valeo SA \u003cbr\u003e\n• Veoneer Inc. \u003cbr\u003e\n• ZF Friedrichshafen AG \u003cbr\u003e\n• Autoliv Inc. \u003cbr\u003e\n• Delphi Automotive Company \u003cbr\u003e\n• NXP Semiconductors \u003cbr\u003e\n• Texas Instruments \u003cbr\u003e\n• Analog Devices, Inc \u003cbr\u003e\n• Baumer\u003c\/p\u003e \n\n\u003cp\u003eList of the Regions\/Countries Profiled in the Market Include:\u003c\/p\u003e \n\n\u003cp\u003eNorth America\u003cbr\u003e\n• US\u003cbr\u003e\n• Canada\u003cbr\u003e\n• Mexico  \u003cbr\u003e\nEurope\u003cbr\u003e\n• Germany \u003cbr\u003e\n• U.K \u003cbr\u003e\n• Italy\u003cbr\u003e\n• France\u003cbr\u003e\n• Spain\u003cbr\u003e\n• Rest of Europe\u003cbr\u003e\nAsia Pacific\u003cbr\u003e\n• China \u003cbr\u003e\n• Japan\u003cbr\u003e\n• India\u003cbr\u003e\n• Australia\u003cbr\u003e\n• New Zealand\u003cbr\u003e\n• Rest of Asia Pacific\u003cbr\u003e\nMiddle East\u003cbr\u003e\n• Saudi Arabia\u003cbr\u003e\n• UAE\u003cbr\u003e\n• Rest of Middle East \u003cbr\u003e\n Latin America\u003cbr\u003e\n• Argentina\u003cbr\u003e\n• Brazil\u003cbr\u003e\n• Rest of Latin America \u003cbr\u003e\nRest of the World (RoW)\u003cbr\u003e\n• South Africa\u003cbr\u003e\n• Others\u003c\/p\u003e","brand":"Public Sector","offers":[{"title":"July, 2021 \/ 141 Pages \/ MCW16268821","offer_id":47703809720626,"sku":null,"price":5040.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/global-automotive-radar-market-analysis-trends-industry-forecast-to-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}