According to a research report by Technavio, the global automotive radar sensors market is expected to post a CAGR of over 21% during the period from 2018 to 2022. Growth of the market is attributed to the availability of high-frequency radar sensors.
For long-range applications, the most used radar sensor is of 77 GHz frequency. For short and mid-range there is more diversity with the presence of 22-, 77-, and 79-GHz radar sensors, which are gaining traction in the market. The wide availability of 79-GHz radar sensor required for operating radar-based automotive safety systems will continue to promote the use and adoption of radar sensor units. Moreover, the 79-GHz radar sensor has been under the focus of various radar startups over the past couple of years.
In addition, companies like Continental also introduced this sensor in mid-2017. Driven by the availability of electromagnetic spectrum. Currently, radar-based systems offer driver safety and comfort features in vehicles. Thus, with many such advantages, the global automotive radar sensors market is expected to register a positive outlook during the forecast period.
- Analysis of the most important trends expected to impact the market outlook during the forecast period.
- Spotlight on the growing emergence of intelligent transportation as one of the key emerging trends in the global automotive radar sensors market.
- Market ecosystem, characteristics, segmentation analysis, definition, size, and forecast.
- Market drivers, challenges, and trends.
- Vendor landscape.
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