"Market Intelligence for High-Geared Performance"

Rear Cross Traffic Alert Market Size, Share & Industry Analysis, By Technology Type (Camera, Sensor, Radar), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Market Type (OEM, Aftermarket) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI103660 | Status : Ongoing

 

KEY MARKET INSIGHTS

The automotive industry is continuously working on innovations, developments, and advancements in existing technologies to serve its customers with top class and high-end systems in vehicles. Rear Cross-Traffic Alert system is an advanced technology in the driver assistance system and an essential part of ADAS. The rear cross-traffic alert system is a technologically advanced driver assistance system which includes the combination of audible, haptic and visual radar technology. This technology is used to assist the driver by indicating with alerts while backing out from the parking slot. Nowadays, this system is not only fitted in luxury and top-end vehicles but also entry-level and mid-sized vehicles.


Rising popularity for rear visibility, advancement in automotive technologies, the trend of automotive accessories among people is leading to the growth of the rear cross-traffic alert market. Furthermore, stringent government norms and various initiatives towards the safety of roads and passengers have propelled the market growth. On the contrary, high cost, lack of penetration of these advanced features may hinder the growth of the market in the forecast period.

Up Arrow

Key Market Driver -

Rising adoption of radar sensor system in automotive industry, changing customer choices and preferences is expected to drive the market in the forecast period

Down Arrow

Key Market Restraint -

Distraction for drivers, high cost is expected to hamper the growth of the market


Key Players Covered in the Automotive Rear Cross Traffic Alert Market:



  • Continental AG

  • Robert Bosch GmbH

  • Veoneer Inc.

  • Aptiv Plc

  • Valeo SA

  • Magna International Inc.


The global automotive rear cross-traffic alert market has been segmented into technology type, vehicle type, market type, and region. By technology type, the market is further segmented into a camera, sensor, and radar. The camera RCTA has substantial growth in the market in the forecast period. The growing popularity of rear camera in vehicles, clear rear day-night vision, wide surround view, and assistance for backing out the vehicle from the parking spots have led to the growth of camera technology in the market. Sensor RCTA is also showing significant growth in the market, owing to a surge in demand for sensor fusion techniques. These technologies play a vital role in minimizing accidents. Radar RCTA also has a considerable growth in the market, owing to its property to work in extreme weather. By vehicle type, the passenger car segment is anticipated to grow at a significant pace. Increasing safety concerns, adoption of advanced technologies, the growing popularity of the rear cross-traffic alert system is rising the growth of this market.

Furthermore, stringency in government regulations, initiatives proposed to minimize road accidents, and passenger safety is fuelling the growth of the market. Commercial vehicles, on the other end, are on steady growth in this market. By market type, OEM is more dominant as compared to the aftermarket. Owing to the increased safety awareness, the rise in traffic congestion, stringent government regulations towards road and passenger safety has led to an increase in the OEM market. Nowadays, the RCTA has become a mandatory system, and hence vehicles of all categories are fitted with this system. The aftermarket is also showing significant growth in this market owing to the increased awareness and trend of RCTA and strict government norms.

Regional Analysis:


Geographically, the automotive rear cross-traffic alert (RCTA) market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. Europe holds a significant share in the automotive rear cross-traffic alert market, followed by Asia Pacific, North America, and other regions. Europe is projected to show rapid growth in the forecast period owing to the increase in safety norms by the European Commission (EC). Germany holds the major share in the RCTA market and is investing heavily in the R&D to grab the market. The Asia Pacific is expected to hold a second-largest share in the market over the forecast period. China and India are the major regions in the production of passenger cars and are expected to drive the growth of the RCTA market in this region.

To gain extensive insights into the market, Request for Customization


Segmentation


























 ATTRIBUTE

  DETAILS

By Technology Type



  • Camera

  • Sensor

  • Radar



By Vehicle Type



  • Passenger Cars

  • Commercial Vehicles



By Market Type



  • OEM

  • Aftermarket



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World



Automotive Semi Trailers Developments:



  •  November 2019: Toyota launches all new 2020 Highlander, Avalon and Camry models with cutting edge active safety systems that comprises of rear cross Traffic Alert (RCTA) and Blind Spot Monitor (BSM).  





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Automotive & Transportation Clients
Hitachi
Deloitee
Hyundai
Asahi
KIA
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X