Automotive radar is one of the key developments in vehicle safety and is a forward step for increasing the driving comfort, automating driving and crash prevention. Automotive radar sensors are used for enhancing various driving features which give better control to drivers in hazardous accidental situation. These radar sensors are fining various applications in systems such as warning and mitigation, collision avoidance, collision detection, blind spot monitoring/blind spot detection, vulnerable road user detection, lane change assistance and lane departure warning system, and rear cross-traffic alerts. Driver assistance systems which are equipped with radar sensors are already common in many passenger vehicles in the global market. Many of the driver assistance system have sensors which help in detection for lane-change assistance, rear cross-traffic alerts, back-up parking assistance, adaptive cruise control and blind spot monitoring. Presently, the 79 GHz, 77 GHz and 27 GHz radar sensors with increased signal bandwidth have the capability to distinguish between diverse objects and also offer high resolution. The “Global Automotive radar sensors Market” is expected to grow at a CAGR of 18.9% during the forecast period.
Some of the most prominent factors influencing growth of the automotive radar sensors market are the increasing vehicle production globally and the need for enhancement of safety features. The demand for automotive radar sensors in the global market is estimated to grow with an incremental rate in the coming years. Owing to the increased number of road accidents globally, prominent emphasis is being given to improve road safety regulations and laws for making the automobiles safer for driving. Thus, this in turn is driving the increasing consumption of advanced driver-assistance systems (ADAS) and consequently increasing the demand for the automotive radar sensors in the global market.
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These sensors are not only helping in automating the vehicles but also used for effective detection in collision warning and monitoring system. Latest innovation and development in the global market has led to the introduction of receptor isolation and signal synthesis methods which will in-turn drive the growth of low power and high accuracy automotive radar sensors in the market. Key market participants in the global market are also coming up with solutions such as SOC (system on chip) which can equip multiple sensors on board owing to the rising trend of reduction in size for the automobile components. The collision monitoring and autonomous emergency breaking are expected to hold a prominent market share in terms of value and volume during the forecast period in the global automotive radar sensors market, owing to the stringent rules and regulation imposed to reduce the road accidents.
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This increasing growth of automotive radar sensors is directly proportionate to global vehicle production. The most protuberant factors increasing the growth of automotive radar sensors in the global market include production of advanced technology in automobiles and clean transportation. Rules and regulations enforced by ruling authorities and governments regarding the vehicle safety coupled with safety of the environment encourage manufacturers to produce environment-friendly and efficient vehicles, which has successively resulted in an increase in the demand for automotive radar sensors in the global market. The availability of high-frequency radar sensors is one of the significant reasons expected to fuel the growth of the automotive radar sensors market.
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The varied availability of 79-GHz radar sensors that are required for operating radar-based automotive safety systems will continue to promote the use and adoption of radar sensor units. The 79-GHz sensor combines better form factor, has three times smaller antennas and is also capable of benefiting from an extensive frequency range of 4 GHz (77-81 GHz). Moreover, this high-resolution capability has opened its importance for the future of autonomous cars. Also government policies promoting radar sensors expected to drive the growth of the automotive radar sensors market during the forecast period. The emergence of intelligent transportation is one of the key trends for the automotive radar sensors market. Numerous new technologies are gradually being integrated into vehicles for meeting the current and potential future demands. Consumers are also considering safety as one of the key features in a connected car. Consequently, OEMs are offering new technology-enabled features, with radar sensors and blind-spot monitoring. This will more fuel the demand for automotive radar sensors.Automotive Radar Sensors Market across Europe region has huge demand of growth on account of focus on emerging energy-efficient vehicles, EVs, and autonomous cars, is leading to the incorporation of radar sensors in automobiles. This factor will considerably influence automotive radar sensors market growth in the European region. Most of the market’s growth is anticipated to be originated from Europe during the forecast period. Germany is one of the significant markets for automotive radar sensors in Europe.
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