Future Market Insights has announced the addition of the “Automotive Radar Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.Valley Cottage, NY -- (SBWIRE) --
As per the survey conducted by 'Insurance Institute for Highway Safety', one out of three lives can be saved by using radar system in the vehicle. Implementation of automotive radar systems in passenger and commercial vehicles started in early 90s, however owing to technological limitations, focus on further advancement slowed over the time. But, over the past decade, where active safety technology emerged as major hot spot for research, brought automotive radar system in the limelight again. Smaller devices with high operational frequency are being deployed so as to serve multiple applications. Furthermore favorable macro-economic and supportive regulatory framework is expected to create significant opportunity over the next few years. Regulatory approval of upcoming radar technology such as 79 GHz band radar across emerging markets such as
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
Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1967
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.
Global Automotive Radar Market: Segmentation
The global automotive radar market can be segmented on the basis of type, frequency, technology, application and regions. On the basis of frequency, the market can be segmented into 24 GHz system, 77 GHz system and 79 GHz system.
By type automotive cruise control (long-range radar) and anti-collision (short-range radar) are the commonly known automotive radar systems. On the basis of application, the automotive radar market can be segmented into forward collision warning system, lane departure warning system, parking assistance, adaptive cruise control (ACC) and blind spot detection. On the basis of technology, the global automotive radar market can be segmented into millimeter wave radar, ultrasonic radar, LiDAR (Light Detection and Ranging) and camera.
Visit For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-1967
Global Automotive Radar Market: Region Wise Outlook
On the basis of regions,
Global Automotive Radar Market: Key Players
Some of the key players identified in the global automotive radar market are as follows:
Speak To Analyst@ http://www.futuremarketinsights.com/askus/rep-gb-1967For more information on this press release visit: http://www.sbwire.com/press-releases/automotive-radar-market-expected-to-expand-at-a-steady-cagr-through-2026-739885.htm
Media Relations Contact
Future Market Insights
Email: Click to Email