India Automotive Radar Market is segmented into Range (Long Range, Medium & Short Range), Vehicle Type (Passenger Cars, Commercial Vehicles), and Application (Adaptive Cruise Control, Autonomous Emergency Braking, Blind Spot Detection, Forward Collision Warning, Intelligent Park Assist, Other ADAS systems).Is Expected To Reach US$ 900.4 Bn By 2026.
Inventions in radar systems and strict government regulations are supporting the development of vehicle safety systems and are estimated to enlarge the India automotive radar market over the forecast period. Also, advancements in automotive technology and decreasing prices of vehicle electronic are composed to produce the usage of automotive radar systems.
According to Indian Automobile Manufacturers society, growth revealed by the automobile industry in April–March 2018 was 14.0% higher than what was registered over the same period last year. Increase in demand of passenger vehicle in India is expected to boost the growth of the automotive radar market. Growth in applications of automotive radars in a variety of vehicle safety applications such as blind-spot detection, automatic braking, pedestrian detection, closeness warning, and parking assistance are expected to drive automotive radar market over the forecast period.
Due to decreasing radar prices, it has become possible for manufacturers to incorporate safety systems in mid-priced vehicles. Thus, the market in India is expected to gain step ahead over the coming years and is estimated to witness rising demand, particularly from mid-priced passenger cars. Also, active government initiatives for increasing vehicle safety are poised to boost market growth.
Maximize Market Research has comprehensively analysed India automotive radar market. The driving forces as well as considerable restraints have been explained in depth to attain a balanced scenario. Segment wise market size and market share during the forecast years is duly addressed to portray the probable picture of this exuberant industry. The competitive landscape comprising of key innovators, service providers, market giants as well as niche players is studied and analysed extensively with respect to their strengths, weaknesses as well as value addition prospects. Report presents significant case studies along with the success stories to motivate and guide the like minds. In addition, Report displays current consolidation trends with respect to prominent mergers and acquisitions, consequent Market fragmentation, new trends and dynamics in partnerships, emerging business models. This will enable the reader to comprehend whole India automotive radar market with utmost ease and clarity.
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