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Automotive Radar Market Portrays High-End Demand across Major Geographies during 2019-2029

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Steve Blade
Automotive Radar Market Portrays High-End Demand across Major Geographies during 2019-2029

The study by Fact.MR sheds light on the incorporation of path-defining and disruptive technology that is radically changing the face of the automotive radar market. Innovations in automotive radars are spelling success for key stakeholders in the market as they circumvent treacherous driving conditions with the advent of specialized radars. These radars are smaller, spherical and shape and are paving the way for an immersive 360-degree view of the landscape thus affording drivers with a seamless and a smooth driving experience. Delivering top-notch efficiency, these new and improved radar solutions are spearheading a robust automotive radar market growth over the forecast period.

The keyword market study outlines the key regions – Latin America, North America, MEA, Japan, Europe and APEJ – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are HELLA KGaA Hueck & Co., NXP Semiconductors, Denso Corporation and many others.

Till now limitations in radar resolution have inhibited the growth of automotive radar market to some extent. However, ultra-high resolution technology using 4D technology will play a pivotal role in not only improving the functionality of automotive radars but also provide a 4 dimensional experience which will help to mitigate driving risk and enhance safety. Fact.MR opines that leading industry stakeholders could easily capture top revenue pockets of this market through affordability and exclusive proprietary rights on product portfolios.

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The Fact.MR report offers a forecast of the automotive radar market for the period 2019-2029. Advancements in technology are urging market players to invest heavily in R&D activities. Increasing demand for autonomous vehicles and changing regulatory frameworks are accentuating the market demand for automotive radars.

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