AUTOMOTIVE RADAR MARKET ANALYSIS
The market for automotive radar in Europe accounted for the largest share in 2017 and is expected to retain its dominance over the forecast period (2018 – 2026). This growth is attributed to increasing stringency of vehicle safety norms for both active and passive safety standards on vehicles, by the European Commission (EC). For instance, the European commission set up General Safety Regulation (EC 661/2009), which mandates the use of electrical safety, electronic stability control, advanced emergency braking, tyre pressure monitoring, driver safety-belt reminder for trucks and buses. This, in turn, is expected to increase the installation of safety systems in vehicles, which is further expected to propel growth of the automotive radar market in Europe.
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