The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Automotive Radar market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Automotive Radar
The report offers actionable and valuable market insights of Automotive Radar. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Automotive Radar Market across various industries and regions.
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According to a latest report published by Fact.MR, the global automotive radar market is set to reach US$ 7,260.8 Mn by 2022 up from US$ 2,000 Mn in 2017, registering a robust CAGR. As compared to other sensing technology, automotive radars show higher efficiency and functionality in extreme road conditions (extreme temperatures, critical weather and poor light). This, is turn, is supporting the rapid incorporation of automotive radar in vehicles. Automobile companies are steadily making the shift from manufacturing function-specific capabilities to developing self-driving technology, which is anticipated to increase the applicability of radar technology in the years to come.
This newly published and insightful report sheds light on Market Insights of Automotive Radar, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Automotive Radar Market.
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Fact.MR study on the automotive radar market offers information classified into four important segments: range, sales channel, application, and region. This market report proposes comprehensive data and information about the important market changing aspects and evolution structures related with these categories.
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Robert Bosch GmbH, headquartered in Stuttgart, Germany and Continental AG with its headquarters in Hanover, Germany are two of the leading players in the automotive radar market. Robert Bosch has made massive inroads in the automotive radar market space with critically timed acquisitions, mergers and takeovers.
In the year 2017, Robert Bosch entered into a collaboration with Tom Tom to launch a unique HD map with an integrated radar road signature layer for the localization of vehicles in autonomous driving. It has also showcased its prowess in research and development that has enabled it to come out with innovative products and solutions.
Bosch has partnerships with myriad universities and research institutes with a keen focus on information technology and sensors. It has also procured proprietary patent rights for all its products thus giving it an edge.
As per Fact.MR’s study, demand for vehicles with cutting-edge safety features is gaining traction in emerging countries such as India and China, thereby creating lucrative opportunities for automotive radar manufacturers. Following are the key insights from Fact.MR’s forecast on the global automotive radar market;
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More Valuable Insights on Automotive Radar Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Automotive Radar, Sales and Demand of Automotive Radar, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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