Research Automotive Radar Market : Key Players, Growth, Ana | Page 5

Automotive Radar Market
Global Automotive Radar Market: Drivers
No doubt, automotive safety regulations which emphasizes, and even mandates use of such advance
safety technology across regions is expected to drive the demand. Favorable macro-economic
environment such as growing urban population, increasing disposable income, improving employment
rates and consumer confidence index across prominent economies such as U.S., Canada, Germany,
France, China, South Korea and India is anticipate to propel market growth.
Additionally, increasing demand for advanced features such as cruise control will upsurge demand for
automotive radars, thus driving the automotive radar market. Ongoing innovations in the functionality
and designs have fuelled investments in the global automotive radar market.
Global Automotive Radar Market: Restraints
One of the major factor restricting the growth of the global automotive radar market particularly in
emerging region is the high initial cost of the optical and mechanical parts including micro electro
mechanical sensors (MEMS), micro mirrors over pressure or piezoelectric sensors. Moreover, technical
issues such as risk of mutual interference are expected to moderately affect adoption of these
technology.
Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-1967
©2015 Future Market Insights, All Rights Reserved
5