The global automotive detection and ranging sensor market is projected to reach $44.2 billion by 2025, at a CAGR of 17.2% during 2020-2025. The growth of automotive detection and ranging sensor market is driven by rising demand for object detection, high resolution target separation, 3D detection, and 3600 object recognition technologies are driving the demand for the automotive radar market.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth technology opportunities for the global automotive detection and ranging sensor market by technology type (imaging sensors, radar, ultrasonic sensors, and lidar), applications (blind spot detection, adaptive cruise control, parking assistance/pedestrian detection, and others applications), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the automotive detection and ranging sensor market?
Q.4 What are some changing demands of customers in the automotive detection and ranging sensor market?
Q.5 What are the new developments in the automotive detection and ranging sensor market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this automotive detection and ranging sensor area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this automotive detection and ranging sensor market?
Emerging trends, which have a direct impact on the dynamics of the industry, include development of long range radar with high frequency, development of Lidar with non-moving parts, and compact size ultrasonic sensors.
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Market Segmentation:
Based on application, the automotive detection and ranging sensor market is segmented into imaging sensors, radar, ultrasonic sensors, and lidar. The imaging sensors, radar, ultrasonic sensors, and lidar segment accounted for the largest share of the market in 2020 and are expected to register the highest CAGR during the forecast period.
Key Players in the automotive detection and ranging sensor market are Continental AG, Delphi Automotive, Denso Corporation, Robert Bosch, Magna International, Valeo, and ZF TRW Automotive.

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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Brandon Fitzgerald
Lucintel
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