The global automotive radar sensors market was valued at USD 7 billion in 2016 and is expected to surpass USD 17 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global automotive radar sensors market, under its automotive electronics portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Autoliv, Continental, Delphi Automotive, DENSO, HELLA, InnoSenT, NXP Semiconductors, Robert Bosch, Smartmicro, Wistron NeWeb, and ZF-TRW.
According to Neelam Barua, a lead analyst for automotive electronics research at Technavio, “EU and United Nations Economic Commission for Europe have mandated many safety requirements in new vehicles to which the OEMs must adhere to, promting automakers in the market to adopt more assistive safety systems.”
Until recently, the emphasis placed on passive systems was higher than that of active safety systems. However, Euro NCAP currently focuses on advanced safety systems that form a part of active measures rather than passive measures.
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Ray-tracing simulation is expected to replace drive testing of automotive radar sensor based systems
Automotive radar sensor-based systems need to be tested under all circumstances and under varied ambient media, to assess their efficacy and effectiveness. Virtual simulation techniques, which involve techniques such as ray tracing, actively reduce the time manufacturers take to market their products.
Hybrid-data fusion of radar sensor and surround view camera systems to be an enabler for vehicular autonomy
Sensor-fusion is the technique of combining information received from many sensors to create a coherent piece of (navigational) information. The best results for decision-making purposes can be obtained by fusing together, or merging, the information collected by all three kinds of sensors – radar sensors, LiDAR sensors, and camera modules (images and videos. Sensor-fusion makes it possible to obtain the maximum possible and most comprehensive data for use by autonomous vehicles.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive Radar Sensors Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Automotive Traffic Jam Assist Systems Market 2017-2021
- Global Automotive Advanced Emergency Braking System Market 2016-2020
- Global Lane Departure Warning System Market 2016-2020
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