Global Automotive Radar Market to Reach USD 7.32 Bn by 2022, Expects TechSci Research in Its New Report Recently Added at MarketPublishers.com17 Aug 2017 • by Natalie Aster
LONDON – Propelled by elevating demand for autonomous vehicles along with stringent government regulations that mandates inclusion of more automobile safety features, the worldwide automotive radar market is predicted to climb to USD 7.32 billion by the year 2022.
Over the past recent years, different vehicle OEMs have been working to create fully autonomous passenger cars, and the majority of OEMs believe that the commercial launch of these cars will be determined by the regulatory framework rather than completion of technology inventions. The launch of these cars will likely further propel the demand for automotive radars across the world in the offing.
Some of the prominent companies engaged in the automotive radar industry comprise Valeo, STMicroelectronics, Robert Bosch, Infineon Technologies, NXP Semiconductors, ZF TRW Automotive Holdings, Fujitsu Ten Limited, Texas Instruments Incorporated, Hella Electronics Corporation, and others.
TechSci Research new research report, “Global Automotive Radar Market By Vehicle Type, By Application, By Region, Competition Forecast & Opportunities, 2016 – 2022”, draws a clear picture of the current market landscape and highlights the market dynamics. It presents a detailed analysis of the automotive radar market segmentation (on the basis of vehicle types and applications), investigates the present situation in the key regional markets, discusses the prevailing development trends and examines the main forces shaping the market. Moreover, this report offers insights into the historical background of the market, scrutinizes competitive environment and touches upon regulative framework. Besides, the new study traces light on the emerging growth challenges and opportunities as well as gives future forecasts for the automotive radar market development up till 2022.
For other cutting-edge studies by TechSci Research follow to the publisher’s page at MarketPublishers.com.