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Global Automotive Rear Cross Traffic Alert Market Growth: By Type: Ultrasonic, Radar; By Distribution Channels: OEMs, Aftermarket; By Applications: Passenger Cars, Commercial Vehicles; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Automotive Rear Cross Traffic Alert Market Outlook
The global automotive rear cross traffic alert market is expected to grow at a CAGR 6.2% to reach a value of USD 2.61 billion during the forecast period of 2024-2032.
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The increasing concern for road safety is resulting in the rise in demand for the automotive rear cross traffic alert system to minimise vehicular accidents caused by human errors. Europe dominated the market in 2018 due to growing awareness regarding vehicle safety in the region.
Market Segmentation
Rear cross traffic alert is intended to warn the driver about the back-traffic. Automotive rear cross traffic alert finds its applications in passenger cars and commercial vehicles.
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The EMR report looks into the regional automotive rear cross traffic alert markets like the North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
Market Analysis
The global automotive rear cross traffic alert industry is being driven by implementation of sensor fusion technology in automotive industry. The market is further aided by the growing emphasis on road safety due to the increasing cases of road accidents. Passenger car is the leading segment due to growing demand for compact and medium-sized cars, particularly in emerging economies like India and China. While, Europe dominates the market, Asia Pacific is also an emerging market for the product, owing to the rising demand for commercial and passenger cars. Moreover, in developing economies like China, the implementation of safety regulations, like the China New Car Assessment Program is encouraging the producers to include advanced safety features in their vehicles, which further aids the market.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global automotive rear cross traffic alert industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Continental AG
- Robert Bosch GmbH
- Magna International Inc. [MGA (NYSE)]
- Veoneer Inc.
- Valeo SA
- Aptiv [APTV (NYSE)]
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Distribution Channels |
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| Breakup by Applications |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Rear Cross Traffic Alert Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Rear Cross Traffic Alert Historical Market (2018-2023)
8.3 Global Automotive Rear Cross Traffic Alert Market Forecast (2024-2032)
8.4 Global Automotive Rear Cross Traffic Alert Market by Type
8.4.1 Ultrasonic
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Radar
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Automotive Rear Cross Traffic Alert Market by Distribution Channels
8.5.1 OEMs
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Aftermarket
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Automotive Rear Cross Traffic Alert Market by Applications
8.6.1 Passenger Cars
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Commercial Vehicles
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Automotive Rear Cross Traffic Alert Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Automotive Rear Cross Traffic Alert Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Automotive Rear Cross Traffic Alert Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Automotive Rear Cross Traffic Alert Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Automotive Rear Cross Traffic Alert Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Automotive Rear Cross Traffic Alert Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Continental AG
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Robert Bosch GmbH
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Infineon Technologies AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Veoneer Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Autoliv
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Rear Cross Traffic Alert Market: Key Industry Highlights, 2018 and 2032
2. Global Automotive Rear Cross Traffic Alert Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Automotive Rear Cross Traffic Alert Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Automotive Rear Cross Traffic Alert Historical Market: Breakup by Distribution Channels (USD Million), 2018-2023
5. Global Automotive Rear Cross Traffic Alert Market Forecast: Breakup by Distribution Channels (USD Million), 2024-2032
6. Global Automotive Rear Cross Traffic Alert Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Automotive Rear Cross Traffic Alert Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Automotive Rear Cross Traffic Alert Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Automotive Rear Cross Traffic Alert Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Automotive Rear Cross Traffic Alert Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Automotive Rear Cross Traffic Alert Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Automotive Rear Cross Traffic Alert Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Automotive Rear Cross Traffic Alert Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Automotive Rear Cross Traffic Alert Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Automotive Rear Cross Traffic Alert Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Automotive Rear Cross Traffic Alert Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Automotive Rear Cross Traffic Alert Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Automotive Rear Cross Traffic Alert Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Automotive Rear Cross Traffic Alert Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Automotive Rear Cross Traffic Alert Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 1.64 billion.
The market is projected to grow at a CAGR of 6.2% between 2024 and 2032.
What is the forecast outlook of the global automotive rear cross traffic alert market for 2024-2032?
The market is estimated to witness a healthy growth to attain about USD 2.61 billion by 2032.
The major drivers of the market include rising urbanisation, growing automotive sector, the deployment of sensor fusion technology in vehicles, and rising awareness regarding road safety.
The growing implementation of road safety regulations and technological advancements and innovations are key trends propelling the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of automotive rear cross traffic alert are ultrasonic and radar.
The several distribution channels of automotive rear cross traffic alert in the market are OEMs and aftermarket.
The significant applications of automotive rear cross traffic alert in the market are passenger cars and commercial vehicles.
The major players in the market are Continental AG, Robert Bosch GmbH, Infineon Technologies AG, Veoneer Inc., and Autoliv, among others.
Analyst Review
The global automotive rear cross traffic alert market is projected to be driven by the rising road accidents. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.2%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of applications, the industry is divided into passenger cars and commercial vehicles, with the passenger car as the leading market segment. The major regional markets for automotive rear cross traffic alert are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Europe accounting for the largest share. The key players in the above market include Continental AG, Robert Bosch GmbH, Magna International Inc. [MGA (NYSE)], Veoneer Inc., Valeo SA, and Aptiv [APTV (NYSE)], among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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