Boosting Demand Of Automotive Radar Market Due To Increasing Vehicle Production & Vehicle Sales Till 2025

The global automotive radar market is expected to reach USD 12.16 billion by 2025, growing at a CAGR of 20.8%, according to a study conducted by Grand View Research, Inc. The growing focus on active safety features, innovations in the radar technology, decreasing prices of components, and increasing sales of vehicles are the propelling factors for market growth. Radars play a vital role in detecting objects in various safety systems including adaptive cruise control, pedestrian detection system, blind spot detection, and automated emergency braking.

In order to achieve complete vehicle autonomy, it is essential for automakers to focus on the enhancement of the radar technology and subsequently on the reduction in the size of radar systems. One of the major hurdles hampering the growth of automotive radars is the lack of uniform frequency allocation across the globe. Moreover, the use of higher frequency band is likely to lead to higher resolution benefits and promote the use of a single technology for all applications, thereby reducing the risk of mutual interference. The European Commission has already initiated the 79 GHz project for vehicular radars, which has been the foundation for the future development of the automotive radar market.

The market is characterized by the presence of prominent automotive electronics manufacturers including Continental AG, Robert Bosch GmbH, Infineon Technologies AG, and Texas Instruments, among others. Strong R&D capabilities have led to the development of application-oriented radars. Additionally, they have assisted radar manufacturers in complying with different frequency standards present in different countries.

According to the World Health Organization, globally 1.25 million people suffer from death due to road traffic crashes each year. Road accidents are likely to become the seventh leading cause of death by 2030 if appropriate measures to increase vehicle safety are not taken. Thus, the need to protect drivers and passengers from potential accidents would play an important role in determining the growth of the automotive radar market.

Browse full research report on Automotive Radar Market: www.grandviewresearch.com/industry-analysis/automotive-radar-market    

   

Further Key findings from the study suggest:

• Medium & short range radar is the fastest growing segment in terms of range, owing to their growing use in numerous applications, such as blind spot detection, lane change assist, and park assist, among others.
• In terms of vehicle types, the passenger car segment is projected to drive the market, owing to the rising radar-based safety systems in mid-priced passenger cars.
• Adaptive Cruise Control (ACC) is projected to hold the largest market size by 2025 owing to rising safety concerns among growing automotive markets such as India and China.
• Increasing efforts from the National Highway Traffic Safety Administration (NHTSA), the Insurance Institute for Highway Safety, and prominent automakers operating in the U.S. for mandating the installation of AEBs in all cars by 2022 are likely to boost the automotive radar market.
• The European region held the largest market size in 2016, which is attributed to the increased stringency in safety norms and NCAP rating.
• The Asia Pacific region is projected to grow at the highest CAGR owing to the rapid adoption of radar-based safety features and increasing vehicle production.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/automotive-and-transportation 

                                                                                                                                                

Grand View Research has segmented the global automotive radar market on the basis of range, vehicle type, application, and region:

Range Outlook (Revenue, USD Million; 2014 - 2025)

• Long Range
• Medium & Short Range

Vehicle Type Outlook (Revenue, USD Million; 2014 - 2025)

• Passenger Cars
• Commercial Vehicles

Application Outlook (Revenue, USD Million; 2014 - 2025)

• Adaptive Cruise Control (ACC)
• Autonomous Emergency Braking (AEB)
• Blind Spot Detection (BSD)
• Forward Collision Warning (FCW)
• Intelligent Park Assist
• Other ADAS Systems     

Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Mexico
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Japan
• South America
• Brazil

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-automotive-radar-market   

                                                                         

                                  

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Consumer Drone Market To Reach $4.19 Billion By 2024: Grand View Research, Inc.

The global consumer drone market size is expected to reach USD 4.19 billion by 2024, according to a new report by Grand View Research, Inc. The substantial growth prospects of the market can be attributed to surging eminence of drone flying as hobby initiatives such as UAV photography and racing. Administrative support through permitting drone flying for non-commercial purposes in select geographies is stimulating the growth of global consumer drone market.

Consumer UAVs have gained prominence owing to their ability of high-resolution image and video capturing, dynamic novel design concept, as well as adequate operational intervals. Upcoming favorable initiatives by regulatory bodies, such as Federal Aviation Authority (FAA) and European Aviation Safety Agency (EASA), and increasing governmental spending on such advanced UAVs are anticipated to drive the industry growth over the forecast period.

North America consumer drone market by technology, 2012 - 2022 (USD Million)

An emerging trend in the industry is the development of drones with hydrogen fuel cells that in the back end conserve energy and supply power to UAVs, thereby enabling longer flight hours. Furthermore, dynamic concept design and enhanced flight capability of UAVs have revolutionized the gaming, electronics, and associated hobby markets.

Aerial photography enthusiasts are profoundly accepting drones in complimenting their hobby of exploring and capturing dynamic images and videos. The introduction of high-resolution HD 4K cameras and advanced Gimbal systems by manufacturers are presumed to boost the adoption of UAVs in photography and nature exploration.

However, smaller flight time due to shorter battery life of drones, as well as registration obligations, to regulate the issuance of official drone registration certificate in select geographies are anticipated to challenge the industry growth over the forecast period.

Browse full research report on Consumer Drone Market: www.grandviewresearch.com/industry-analysis/consumer-drone-market   

     

Further Key findings from the study suggest:

• Multi-rotor drones dominated the overall market, both in terms of revenue and volume. They accounted for over 85% of the overall volume share in 2015 and are poised to witness significant growth over the next eight years. Multi-rotor drones are increasingly used in racing and photography applications. The ability to perform under extreme conditions and development of various innovative applications are the primary factors driving the increased adoption of multi-rotor drones.
• Nano drones are anticipated to witness significant growth over the forecast period, growing at a CAGR of over 30% from 2016 to 2024. The growth in demand for nano drones can be attributed to their portability and efficient application in photography and security applications. These small-sized drones incorporate a low cost of maintenance, operation, and production. Manufacturers are increasingly integrating nano drones with gimbaled sensors to provide effective controlling and extend its application base.
• Projected to grow at an estimated CAGR of close to 30%, from 2016 to 2024, prosumer application segment dominated the overall market share, both in terms of volume and revenue in 2015. Rapid increase in aerial photography can be attributed to the growth of photography as a hobby and aligned technologies. Moreover, FPV racing is being increasingly promoted as a recreational hobby in some regions owing to rising adoption of UAVs in the gaming segment.
• Drones’ demand in toy/hobbyist application was estimated to be over 270 thousand units in 2015 and is presumed to witness substantial growth in the near future. It is envisioned to surpass prosumer application segment in terms of volume by 2018. The growth in this segment can be attributed to increasing adoption of drone flying as a hobby initiative and customized UAV fabrication.
• Asia Pacific is anticipated to witness considerable growth over the next eight years, growing at a CAGR of close to 35% from 2016 to 2024. The region incorporates substantial growth potential owing to the increasing development of innovative technology solutions for drones and aiming to manufacture them at a lower cost. Increasing investments by Japan and China for the development of multifunctional drones for various applications is expected to drive the regional industry growth in the recent future.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies                                                                                                                                                  

Grand View Research has segmented the global consumer drone market on the basis of product, application, and region.

Consumer Drone Product Outlook (Volume, Thousand Units; Revenue, USD Billion 2013 - 2024)

• Multi-rotor
• Nano
• Others (Fixed-wing, hybrid)

Consumer Drone Application Outlook (Volume, Thousand Units; Revenue, USD Billion 2013 - 2024)

• Prosumer
• Toy/Hobbyist
• Photogrammetry

Consumer Drone Regional Outlook (Volume, Thousand Units; Revenue, USD Billion 2013 - 2024)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• Latin America
• MEA

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-consumer-drone-market 

                                                                                                              

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Bare Metal Cloud Market Is Predicted To Grow Swiftly Due To Rising Demand For Big Data Till 2025: Grand View Research, Inc.

The global bare metal cloud market is anticipated to reach USD 26.21 billion by 2025, according to a new report by Grand View Research, Inc. Factors such as increased demand for secure storage facility and rapid developments in the cloud industry have encouraged enterprises to switch to bare metal cloud from conventional cloud services.

Bare metal cloud solutions are gaining momentum and witnessing a high demand from enterprises across different industry verticals. These solutions offer manifold benefits such as efficient data storage, streamlined data center operations, and faster service delivery through various solutions such as bare metal compute and storage network. Presently, the rapid uptake of internet and networking has increased the demand for more storage space, advanced networking solutions, and high computing power in cloud services.

The hardware segment dominated the market in 2016. The increased use of compute, network, and storage facilities to virtualize data centers is driving the hardware market. Moreover, the accelerated use of internet-based technologies and electronic devices is expected to further propel the market growth.

The maintenance service segment is anticipated to witness substantial growth owing to the need for regular maintenance post installation. The demand for these services is expected to increase over the forecast period. The increasing advancements in cloud services are encouraging providers to introduce new updates in minimal time with better quality. This is further creating an opportunity for market growth.

Browse full research report on Bare Metal Cloud Market: www.grandviewresearch.com/industry-analysis/bare-metal-cloud-market  

   

Further Key findings from the study suggest:

• The demand for bare metal cloud has increased over the years, owing to the increasing significance of data security and rising adoption of advanced cloud services along with advanced authentication support.
• The U.S. government is investing considerable amount of monetary and non-monetary resources to encourage the adoption of cloud services across various sectors and carry out initiatives such as smart cities.
• The increasing use of cloud and internet-based technology in Canada has triggered the adoption of bare metal cloud services in businesses of all sizes.
• Factors such as high demand for cloud-based services and automated storage adoption by small- and mid-sized companies are expected to be the key trends influencing the market growth.
• Key players in the market include IBM Corporation, Oracle Corporation, and Rackspace Inc., among others.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies 

                                                                                                                                            

Grand View Research has segmented the bare metal cloud market based on type, deployment, enterprise, end use, and region:

Type Outlook (Revenue, USD Million; 2014 - 2025)

• Hardware
• Bare Metal Compute
• Bare Metal Network
• Bare Metal Storage
• Service
• Integration & Migration
• Consulting & Assessment
• Maintenance Services

Deployment Outlook (Revenue, USD Million; 2014 - 2025)

• Hosted
• On-Premise

Enterprise Outlook (Revenue, USD Million; 2014 - 2025)

• Large Enterprise
• Small & Medium Enterprise

End-use Outlook (Revenue, USD Million; 2014 - 2025)

• Advertising
• BFSI
• Government
• Healthcare
• Manufacturing
• Telecom & IT
• Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• Asia Pacific
• Australia
• Japan
• India
• South America
• Brazil
• Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-bare-metal-cloud-market 

                                                                                                         

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com