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NEW YORK, Sept. 6, 2022 /PRNewswire/ — The Automotive Rear Cross Traffic Alert (RCTA) Market is expected to grow by USD 4.08 billion during 2021-2026, at a CAGR of 11.01% during the forecast period, according to Technavio. The report offers an up-to-date analysis to find out the exact growth variance and the YOY growth rate.
The growing demand for cohesive safety systems in automobiles, the growing emphasis on safety solutions by the automotive ecosystem, rapid urbanization, and increasing transportation will offer immense growth opportunities. However, reliability issues leading to doubts over user acceptance, the negative impact of the use of driver assistance systems such as RCTA on driver habits, and multiple compliance standards complicating ADAS development will challenge the growth of the market participants.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Download Free Sample Report.
Automotive Rear Cross Traffic Alert (RCTA) Market Segmentation
- Application
- Passenger Cars
- Commercial Vehicles
- Geography
- North America
- Europe
- APAC
- Middle East and Africa
- South America
Learn more about the additional trends impacting the future of the market and the positive and negative consequences on the businesses., Buy Sample Report.
Automotive Rear Cross Traffic Alert (RCTA) Market Scope
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our automotive rear cross-traffic alert (RCTA) market report covers the following areas:
- Automotive Rear Cross Traffic Alert (RCTA) Market size
- Automotive Rear Cross Traffic Alert (RCTA) Market trends
- Automotive Rear Cross Traffic Alert (RCTA) Market industry analysis
This study identifies the inclusion of RCTA in the parking package offered by automotive OEMs as one of the prime reasons driving the automotive rear cross-traffic alert (RCTA) market growth during the next few years. Request Free Sample Report.
Automotive Rear Cross Traffic Alert (RCTA) Market Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Automotive Rear Cross Traffic Alert (RCTA) Market, including some of the vendors such as vendors Backed with competitive intelligence and benchmarking, our research reports on the Automotive Rear Cross Traffic Alert (RCTA) Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
- Aptiv Plc
- Continental AG
- DENSO Corp.
- Hitachi Ltd.
- Hyundai Mobis Co. Ltd.
- Infineon Technologies AG
- Magna International Inc.
- Mazda Motor Corp.
- Nissan Motor Co. Ltd.
- Panasonic Corp.
- Robert Bosch GmbH
- Toyota Motor Corp.
- Valeo SA
- Veoneer Inc.
- Volkswagen AG
- General Motors Co.
Automotive Rear Cross Traffic Alert (RCTA) Market Key Highlights
- CAGR of the market during the forecast period.
- Detailed information on factors that will assist automotive rear cross-traffic alert (RCTA) market growth during the next five years
- Estimation of the automotive rear cross-traffic alert (RCTA) market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive rear cross-traffic alert (RCTA) market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive rear cross-traffic alert (RCTA) market vendors
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Automotive Rear Cross Traffic Alert (RCTA) Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 11.01% |
|
Market growth 2022-2026 |
$4.08 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
8.92 |
|
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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