Automotive Radar Market Share, Size, Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research
Your Catalyst To a Lucrative Business
Automotive Radar Market Share, Size, Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research
" The global Automotive Radar Market is anticipated to reach nearly USD 9 billion by 2024. The introduction of fully automated vehicles is projected to drive the industry by 2024."
The global automotive radar market is anticipated to reach USD 9 billion by 2024. Introduction of fully automated cars and their growing importance in the automotive security & assembly industry can drive this market during the forecast period( 2016-2024). Supportive governmental initiatives that mandate the integration of security & control systems in vehicles may positively affect market de mand. These mandates aim at reducing the number of road mishaps and associated casualties.
High sales of motor vehicles, particularly luxury vehicles, have also stimulated revenues considerably. Factors propelling the demand for motor vehicles are high consumer disposable incomes and low rates of interest. The introduction of Advanced Driver Assistance Systems( ADAS) in cars may create potential growth opportunities in the global Automotive Radar Market.
Automotive radars help reduce traffic jams by helping drivers with effective decision support. They help minimize human errors while driving thereby reducing the ratio of road accidents in the long run. This in turn decreases the extensive economic losses & fatalities associated with it. Moreover, these radars indirectly boost fuel efficiency by streamlining traffic control. This can augment market demand from 2016 to 2024.
Browse Details of Report @ https:// www. hexaresearch. com / research-report / automotive-radar-market
Follow Us: