Automotive Market Revenue, Trends, Growth, Technologies, CAGR Automotive RADAR Market | Page 2

The Short & Medium Range RADAR (S&MRR) sensor is estimated to be the largest market in automotive RADAR market The short & medium range RADAR segment is estimated to have the largest market share, owing to the more applications in various driver assistance systems such as blind spot detection, cross traffic alert, and intelligent park assist. The application of these safety features requires at least two RADAR sensors. The demand for these safety features is growing due to the factors such as rising government regulations for vehicle safety and increase in adoption of automotive RADAR based ADAS technology by OEMs. Download the pdf brochure Adaptive Cruise Control (ACC) is estimated to be the fastest growing application in RADAR based ADAS market Adaptive cruise control incorporates long range radar sensor and is an advanced version of cruise control. In many countries, long range radar based on 7X-GHz frequency band was initially banned. However, due to the increased safety concerns, these are now available in all the major markets. As the basic cruise control feature is already present in most of the mid-priced and luxury vehicles, the market for ACC is further expected to grow at a higher rate. Early buyers will receive 10% customization on reports. North America: Fastest growing region for automotive RADAR market North America was estimated to be the largest market, by value, for automotive RADAR systems in 2016, owing to the stringent safety regulations in the region. Increased awareness towards safety features has also fueled the demand in the region. The U.S. New Car Assessment Program (NCAP) has mandated autonomous emergency braking and lane departure warning system for five star rating for any passenger car. The U.S. National Highway Transport Safety Administration (NHTSA) is also studying the feasibility of lane departure warning and rear view camera system to make these technologies a mandate. All these regulations pertaining to vehicle safety are estimated to drive the growth of the automotive RADAR market in the region. Click Speak to Analyst