The Global Safety Package, an active safety system created by DENSO Corporation, a top mobility supplier, is intended to increase vehicle safety by offering them great sensing capability of their surrounds. The Global Safety Package helps the driver operate the car securely by combining the capabilities of a millimeter-wave radar sensor and vision sensor. The vision sensor makes use of a camera to detect the surroundings in front of the car, while the millimeter-wave radar sensor makes use of a radar to detect the forms of road objects, such as vehicles and guardrails. The third iteration of the Global Safety Package was created by DENSO Corporation.
The market leader in automotive radar, NXP Semiconductors, has unveiled a full line of new radar sensor chipset solutions that could enclose vehicles in a 360-degree safety cocoon and allow imaging radar's identification and classification capabilities.
Author Credits: Ipsheeta Dash, Sadaf Naaz
Report ID: 4733
Published Date: Mar 15, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are rise in demand for agricultural crops, growing use of 5G technology in radar sensing, rising geriatric population, and others.
The market is anticipated to attain a CAGR of 14% over the forecast period, i.e., 2023-2035.
Rising adoption of LiDAR sensor, high development & initial cost, and growing misuse of this device by people estimated to be the growth hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are Continental AG, Delphi Automotive LLP, Infineon Technologies AG, NXP Semiconductors, and more.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, range, application, and by region.
The long-range radar sensor segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.