Industry Background:
Long-distance car radars are radar sensors that are implemented in high-end cars or autonomous cars for automatic emergency braking systems and to prevent collision of cars. The increased adoption of ADAS in connected or autonomous cars and other automotive will accelerate the adoption of long-distance car radars. The growing popularity of 4D imaging radars in autonomous cars to properly measure the height, distance, and depth of the object or surrounding will create significant opportunities for the radars.
This growth is primarily driven by Increasing Use of Advance Technologies in the Automotive to Offer Enhanced Safety and Implementation of Government Regulations and Consumer Preference towards the Safety-Related Sensor Systems in the Cars.
Globally, a noticeable market trend is evident Emerging Technological Advancements in the Automotive Radars and Development of 4G Imaging Radars for Autonomous Cars. Major Players, such as Continental AG (Germany), Infineon (Germany), Qualcomm (United States), Robert Bosch GmbH (Germany), NXP Semiconductors (Netherlands), Mando Corporation (South Korea), Texas Instruments (United States), Veoneer (Sweden) and Smartmicro (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2021, Mando partnered with Seoul Robotics to develop 3D Lidar and 4D imaging radar for self-driving cars. The deal will allow Mando to use Seoul Robotics artificial intelligence recognition software to produce Lidar and radar to precise distance and position of objects more accurately. The partnership strengthens Mando’s capabilities to supply self-driving parts and will also be expanded in radar for smart cities, smart factories, drones, and other sectors.
Market Drivers
- Increasing Use of Advance Technologies in the Automotive to Offer Enhanced Safety
- Implementation of Government Regulations and Consumer Preference towards the Safety-Related Sensor Systems in the Cars
Market Trend
- Emerging Technological Advancements in the Automotive Radars and Development of 4G Imaging Radars for Autonomous Cars
Restraints
- Increasing Price of Raw Materials and Shortage of Semiconductors Due to Ongoing US-China Trade War and Economic Slowdown
Opportunities
Evolution of Autonomous Cars and High Growth of Connected Vehicles Across the Globe
Challenges
Sometimes Long-Distance Car Radars Can’t Distinguish or Resolve Multiple Objects that are Very Close
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Long Distance Car Radars Study Sheds Light on
The Long Distance Car Radars Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Long Distance Car Radars industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Long Distance Car Radars industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.