Automotive Radar Sensors - Global Market Outlook (2017-2026) - ResearchAndMarkets.com | Financial Buzz

Automotive Radar Sensors – Global Market Outlook (2017-2026) – ResearchAndMarkets.com

The “Automotive
Radar Sensors – Global Market Outlook (2017-2026)” report has
been added to ResearchAndMarkets.com’s offering.

The Global Automotive Radar Sensors Market is expected to grow at a CAGR
of 18.9% during the forecast period.

Increase in number of RADAR sensors used per vehicle, rising government
regulations for vehicle safety and increase in adoption of ADAS
technology by OEMS and increased demand for premium segment vehicles are
some of the key driving factors. However, the high cost of radar sensors
and the corresponding technology is one of the key restraints of the
market.

Amongst applications, intelligent parking assistant segment will hold a
significant share during the growth of the forecast period. North
America estimated to be the largest market, by value, for automotive
radar systems owing to the safety regulations in the region. Increased
awareness towards safety features has also fueled the demand in the
region.

Coverage

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/research/mctbnz/automotive_radar?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180625005441/en/