Research Report on Automotive Radar Market

-

 Road accidents carry an annual mortality of 1.35 million, says the World Health Organization (WHO). Often, while driving, people don’t pay attention on the road or they drive at a higher speed than allowed. Pedestrians are to blame for a lot of the road accidents too, as many of them cross the road without looking both ways or while looking at or talking on the phone. To bring down the accident rate, several countries have made it mandatory for vehicles to have advanced driver-assistance systems (ADAS), which help the driver in more ways than one.

With the increasing installation of ADAS features in vehicles, the automotive radar market is predicted to grow at an 8.4% CAGR during 2020–2030, from $5,839.0 million in 2019. This is because ADAS depends on radars to determine the distance of various objects in the vehicle’s way, such as automobiles in the front and back, pedestrians on the road, or road blockages and stop signs. With time, the penetration of autonomous vehicles is also expected to increase, which would be even more dependent on radars. A large number of such automobiles are expected to be pressed in shared mobility services, thereby creating a high demand for radars.

Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/automotive-radar-market/report-sample

This would be because, for service providers, autonomous vehicles are a lot more cost-effective than human-driven ones. This is owing to their self-driving features, which eliminate the need for drivers and paying them salary. This, in turn, would help shared mobility companies offer rides to the masses at significantly lower rates. In the present era of the high costs associated with owning a personal vehicle, such as the automobile purchase cost, parking fee, fuel expenses, regular maintenance charges, and insurance premium, people are finding it convenient to share a ride than own a vehicle.

There are two types of such components integrated in automobiles: short- & medium-range and long-range. Of these, the former type has a higher installation rate, as the number of such radars in a vehicle is significantly higher than that of the long-range variants. For instance, in vehicles with level 1 autonomy features, two short- & medium-range and only one long-range radar are used. Similarly, in a level 2 autonomous vehicle, the number of short- & medium-range and long-range range radars is three and one, respectively. However, the use of long-range radars is increasing, as they can sense objects up to 150 meters away.

Hence, with the rising deployment of self-driving vehicles and integration of safety features in conventional automobiles, the requirement for radars will keep mushrooming.

Comments

Post a Comment

Popular posts from this blog

How the Asia-Pacific Electric Car Market Has Witnessed Substantial Growth in Coming Years?

-
Image
As the air quality deteriorates and the prevalence of various lung diseases increases in the Asia-Pacific (APAC) region, the attention of governments, regulatory authorities, policymakers, and citizens is finally shifting toward the elephant in the room, that is, the large-scale usage of fossil-fuel-powered vehicles for both personal commuting and transportation of goods. The harmful emissions released from these vehicles are one of the major causes of air pollution and the rapid environmental degradation. To combat the situation and make the air in urban areas breathable again, governments of several APAC countries are implementing policies aimed at promoting the deployment of eco-friendly modes of transport, such as electric cars. This is, in turn, fueling the advancement of the Asia-Pacific electric car market. For instance, as per industry experts, sales of electric vehicles grew in India by 32.0% or from nearly 576,000 units in 2018 to more than 760,000 units in 2019, among w
Read more

India Shared Mobility Market 2021 to Witness Stunning Growth

-
Image
Due to the rapid environmental degradation because of the extensive usage of fossil fuel-powered vehicles, the government is increasingly implementing policies aimed at encouraging the adoption of shared mobility solutions in India. Moreover, the government is providing various financial incentives for promoting the adoption of these solutions in the country. For example, under the faster adoption and manufacturing of (hybrid) and electric vehicles (FAME) II scheme, the government launched initiatives for augmenting the deployment of electric vehicles for commercial purposes.  These initiatives are propelling the deployment of electric vehicles and their adoption by various shared mobility service providers in the country. Apart from this factor, the increasing road congestion, especially in the urban areas, on account of the booming population levels and the surging number of daily commuters, is also pushing up the demand for shared mobility solutions in India. Different companies are
Read more

India Automotive HMI Market Development, Growth, and Demand Forecast, 2013-2023

-
Image
The major factors behind the India automotive human machine interface (HMI) market growth are rising sales of passenger car, increasing in-vehicle connectivity, and growing demand for comfort and in-vehicle safety features. The market generated a revenue of $466.9 million in 2017, and it is predicted to reach $1.0 billion by 2023, witnessing a CAGR of 14.1% during the forecast period 2018–2023, according to P&S Intelligence. Automotive HMI includes multiple system that permits drivers to interact with their vehicles. It works with the human touch, voice commands, and body language. Benefits associated with multimodal HMI, such as better recognition and faster interaction, are expected to increase their penetration in passenger cars. Further based on end-use, the Indian automotive HMI market is categorized into economy, medium, and premium cars. Due to the rising HMI deployment in medium car category, these cars held the largest sales volume share in the market and is forecasted to
Read more