In-Cabin Monitoring Radars Market Overview
‘In-Cabin Monitoring Radars Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the In-Cabin Monitoring Radars market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.
In 2022, in-cabin monitoring radars market is estimated to be valued at US$ 9.7 Mn and expected to grow significantly at a CAGR of 83.2% over the forecast period
In-Cabin Monitoring Radars Overview
Expeditious technology progressions in the automotive industry are majorly boosting the need for sensors in vehicle automation, advanced driver assistance systems, new mobility services and vehicle connectivity. Since the emergence of entirely automated drive levels, not just the exterior assistance systems are improved but also the interior of the vehicles is remodelling and transforming themselves to offer a holistic in-vehicle experience.
The in-cabin monitoring radar can be classified as an intelligent contact-free sensor for identification and categorization of passengers seated in a vehicle. The solution identifies exactly the number of people in the vehicle and at which seat position they are seated. In addition to that, the in-cabin monitoring radar also has the potential to accurately determine adults, small children, and animals present in the vehicle. The system offers this data to the driver.
For instance, the smart system brings to the mind of the driver about the additional passengers in the back seats when the driver leaves the vehicle. Such functions are helpful in problems like little children left behind in the car. Radar technology intends to avoid life-threatening events of sun stroke affecting animals or children via the use of an alarm. Together with an automated distress call system, it also carried the capability to convey radar-accumulated data directly to the relief workers. In such a way, the rescue workforce are already aware about what seats are occupied by passengers in the vehicle.
Dramatic rise in the number of road accidents worldwide is expected to boost the market
Road traffic accidents—one of the major causes of severe injuries and deaths as well as the tenth-leading cause of all fatalities around the globe—has turned out to be a remarkably substantial percentage of the global burden of ill-health. As per the World Health Organization, about 1.35 million people lose their lives every year due to road traffic crashes. Several thousands and thousands of people succumb on American roads each year.
Also, more than 90% of road traffic fatalities take place in low- and middle-income countries. Road safety has become a crucial development priority all around the world, impacting economic growth, health and wellbeing. Such factors are significantly encouraging the leading manufacturers of the automotive industry to develop and launch novel and advanced technologies in the global markets.
Moreover, the government's stringent regulations towards road safety is further promoting the idea of installation of smart and advanced systems in the vehicle. Owing to such factors, the global in-cabin monitoring radar market is projected to grow substantially over the years ahead.
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In-Cabin Monitoring Radars Market Segmentation
The in-cabin monitoring radars market is segmented on the basis of technology, frequency, application, vehicle type, and region.
Frequency-Modulated Continuous-Wave (FMCW) Radars
Ultra-Wideband (UWB) Radars
Vital Sign Detection
Heart Rate Variability
Seat Occupancy Detection
Body Pose (in/off Position)
Seat Belt Recognition
By Vehicle Type
In-Cabin Monitoring Radars Market Key Players
Smart Radar System Inc.
Vayyar Imaging Ltd.
microwave sensors GmbH
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product developments and launches
In-Cabin Monitoring Radars Adoption Rate, by Application
Top Companies Historical Growth Rate
Advantages of In-Cabin Monitoring Radars
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.
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