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Automotive Rear Cross Traffic Alert (RCTA) Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 146
  • SKU: IRTNTR73621
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The automotive rear cross traffic alert (RCTA) market share is expected to increase by USD 4.08 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 11.01%.

This automotive rear cross traffic alert (RCTA) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive rear cross traffic alert market segmentations by application (passenger cars and commercial vehicles) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The automotive rear cross traffic alert market report also offers information on several market vendors, including 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, and General Motors Co. among others.

What will the Automotive Rear Cross Traffic Alert (RCTA) Market Size be During the Forecast Period?

Automotive Rear Cross Traffic Alert (RCTA) Market Size

Download Report Sample to Unlock the Automotive Rear Cross Traffic Alert (RCTA) Market Size for the Forecast Period and Other Important Statistics

"North America is one of the pioneers in the adoption of innovative automotive technologies owing to the large presence of the early adopters' customer segment. As a result, ADAS technologies such as RCTA are witnessing high demand in the region."

Automotive Rear Cross Traffic Alert (RCTA) Market: Key Drivers, Trends, and Challenges

The growing demand for cohesive safety systems in automobiles is notably driving the automotive rear cross traffic alert (RCTA) market growth, although factors such as reliability issues leading to doubts over user acceptance may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive rear cross traffic alert (RCTA) market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Rear Cross Traffic Alert (RCTA) Market Driver

  • The growing demand for cohesive safety systems in automobiles is one of the key drivers supporting the automotive rear cross traffic alert (RCTA) market growth.
  • Safety has become a critical factor in vehicles due to regulatory and end-user pressure. Modern vehicles incorporate various safety features, including both passive and active safety systems.
  • Advances such as cohesive safety systems have enabled a new level of occupant protection. A cohesive safety system includes the integration of various safety systems that have a common objective or share common components.  
  • Most of the prominent OEMs are offering cohesive safety systems to increase vehicle safety and provide better occupant protection. Moreover, BSD is the most common safety system with which the RCTA is offered by automotive OEMs.
  • The growing demand for efficient safety systems in the automotive market is increasing the demand for cohesive safety systems. Hence, the growing demand for cohesive safety systems is expected to benefit the global automotive RCTA market.

Key Automotive Rear Cross Traffic Alert (RCTA) Market Trend

  • The inclusion of RCTA in the parking package offered by automotive OEMs is one of the key automotive rear cross traffic alert (RCTA) market trends contributing to the market growth.
  • The high traffic congestion in urban areas leads to the availability of tight parking spaces. Additionally, reversing vehicles out of such tight parking spaces increases the risk of a collision as the driver's vision is often obscured by large vehicles or other objects in the parking space. Hence, more customers are demanding parking assistance technologies in their vehicles. 
  • Most modern vehicles currently incorporate basic park assist technologies. For instance, compact segment vehicles incorporate a reverse parking sensor, while reverse cameras are also integrated with vehicles belonging to all segments.
  • The trend of offering numerous technologies related to parking will have a positive impact on the growth of the market. For instance, Daimler offers a Parking Package in its Mercedes-Benz models, which includes active parking assist, and reversing cameras. Such technologies are expected to propel the market growth in the near future.

Key Automotive Rear Cross Traffic Alert (RCTA) Market Challenge

  • Reliability issues leading to doubts over user acceptance is one of the factors limiting the automotive rear cross traffic alert (RCTA) market growth.
  • The sensors and systems that deliver vehicle automation need to be reliable and not be prone to failure.
  • The purpose of any of the automotive safety systems is defeated if the technology is tuned to generate unreliable alerts. Therefore, vendors in the market need to consider such consequences if they must deliver as per the expectations of users.
  • In the recent past, RCTA systems have faced a backlash on account of their unreliability. For instance, in 2015, the American Automobile Association (AAA) claimed that RCTA comes with a lot of limitations, and also announced that the RCTA system has a failure rate in detecting motorcycles, bicycles, passing vehicles, and pedestrians. 

Additionally, the lack of trained or technical personnel at automotive dealer sites may also pose a problem for first-time users of such technologies. Hence, system reliability is crucial in order to ensure user acceptance of advanced ADAS features, including RCTA systems.

This automotive rear cross traffic alert (RCTA) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automotive rear cross-traffic alert (RCTA) market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive RCTA market during the forecast period.

Market Overview

The global automotive components and accessories market covers companies engaged in the production of parts and accessories for automobiles like passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. The global automotive components and accessories market is expected to grow at a moderate pace. Technavio calculates the global automotive components and accessories market size based on combined revenue generated by manufacturers of automotive components and accessories.

Who are the Major Automotive Rear Cross Traffic Alert (RCTA) Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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.

 

This statistical study of the automotive rear cross traffic alert market encompasses successful business strategies deployed by the key vendors. The automotive rear cross traffic alert (RCTA) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • infineon.com - The automotive segment focuses on designing, developing, manufacturing, and marketing semiconductor products used in the automotive industry.
  • infineon.com - The company offers Rear Cross Traffic Collision Avoidance system which is a high-tech safety system that can detect oncoming vehicles when reversing.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive rear cross traffic alert (RCTA) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Rear Cross Traffic Alert (RCTA) Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive rear cross traffic alert (RCTA) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Automotive Rear Cross Traffic Alert (RCTA) Market?

Automotive Rear Cross Traffic Alert (RCTA) Market Share by Geography

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33% of the market’s growth will originate from APAC during the forecast period. China and Japa are the key markets for the automotive rear cross traffic alert market in APAC. Market growth in this region will be slower than the growth of the market in South America.

Significant investments in infrastructure and rapid industrialization will facilitate the automotive RCTA market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had a negative impact on the regional market. However, the beginning of vaccination drives in early 2021 resulted in the resumption of activities as well as the strict implementation of numerous restrictions. This has slowed the disease's spread in the area. As a result, the region gradually observed a surge in economic activities and road traffic as well, which further contributed to the growth of the market in focus during the forecast period.

What are the Revenue-generating Application Segments in the Automotive Rear Cross Traffic Alert (RCTA) Market?

Automotive Rear Cross Traffic Alert (RCTA) Market Share

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The automotive RCTA market share growth in the passenger cars segment will be significant during the forecast period. The growing focus of automotive OEMs on making their vehicles safer is leading to the development of driver assistance systems that aid drivers during critical events. Moreover, the consistent increase in the demand for compact and mid-sized vehicles equipped with advanced safety features in emerging markets such as India and China is expected to propel the growth of the passenger cars segment of the global automotive RCTA market during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive rear cross traffic alert market size and actionable market insights on post COVID-19 impact on each segment.

 

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

Market structure

Fragmented

YoY growth (%)

8.92

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 33%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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, and General Motors Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Automotive Rear Cross Traffic Alert (RCTA) Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive rear cross traffic alert (RCTA) market growth during the next five years
  • Precise estimation of the automotive rear cross traffic alert (RCTA) market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive rear cross traffic alert (RCTA) industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough 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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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Passenger cars - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Passenger cars - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Passenger cars - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Passenger cars - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Passenger cars - Year-over-year growth 2021-2026 (%)
    • 5.4 Commercial vehicles - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Commercial vehicles - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Commercial vehicles - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Aptiv Plc
              • Exhibit 89: Aptiv Plc - Overview
              • Exhibit 90: Aptiv Plc - Business segments
              • Exhibit 91: Aptiv Plc - Key news
              • Exhibit 92: Aptiv Plc - Key offerings
              • Exhibit 93: Aptiv Plc - Segment focus
            • 10.4 Continental AG
              • Exhibit 94: Continental AG - Overview
              • Exhibit 95: Continental AG - Business segments
              • Exhibit 96: Continental AG - Key news
              • Exhibit 97: Continental AG - Key offerings
              • Exhibit 98: Continental AG - Segment focus
            • 10.5 DENSO Corp.
              • Exhibit 99: DENSO Corp. - Overview
              • Exhibit 100: DENSO Corp. - Business segments
              • Exhibit 101: DENSO Corp. - Key news
              • Exhibit 102: DENSO Corp. - Key offerings
              • Exhibit 103: DENSO Corp. - Segment focus
            • 10.6 Hitachi Ltd.
              • Exhibit 104: Hitachi Ltd. - Overview
              • Exhibit 105: Hitachi Ltd. - Business segments
              • Exhibit 106: Hitachi Ltd. - Key news
              • Exhibit 107: Hitachi Ltd. - Key offerings
              • Exhibit 108: Hitachi Ltd. - Segment focus
            • 10.7 Hyundai Mobis Co. Ltd.
              • Exhibit 109: Hyundai Mobis Co. Ltd. - Overview
              • Exhibit 110: Hyundai Mobis Co. Ltd. - Business segments
              • Exhibit 111: Hyundai Mobis Co. Ltd. - Key news
              • Exhibit 112: Hyundai Mobis Co. Ltd. - Key offerings
              • Exhibit 113: Hyundai Mobis Co. Ltd. - Segment focus
            • 10.8 Infineon Technologies AG
              • Exhibit 114: Infineon Technologies AG - Overview
              • Exhibit 115: Infineon Technologies AG - Business segments
              • Exhibit 116: Infineon Technologies AG - Key news
              • Exhibit 117: Infineon Technologies AG - Key offerings
              • Exhibit 118: Infineon Technologies AG - Segment focus
            • 10.9 Magna International Inc.
              • Exhibit 119: Magna International Inc. - Overview
              • Exhibit 120: Magna International Inc. - Business segments
              • Exhibit 121: Magna International Inc. - Key news
              • Exhibit 122: Magna International Inc. - Key offerings
              • Exhibit 123: Magna International Inc. - Segment focus
            • 10.10 Robert Bosch GmbH
              • Exhibit 124: Robert Bosch GmbH - Overview
              • Exhibit 125: Robert Bosch GmbH - Business segments
              • Exhibit 126: Robert Bosch GmbH - Key news
              • Exhibit 127: Robert Bosch GmbH - Key offerings
              • Exhibit 128: Robert Bosch GmbH - Segment focus
            • 10.11 Valeo SA
              • Exhibit 129: Valeo SA - Overview
              • Exhibit 130: Valeo SA - Business segments
              • Exhibit 131: Valeo SA - Key news
              • Exhibit 132: Valeo SA - Key offerings
              • Exhibit 133: Valeo SA - Segment focus
            • 10.12 Veoneer Inc.
              • Exhibit 134: Veoneer Inc. - Overview
              • Exhibit 135: Veoneer Inc. - Business segments
              • Exhibit 136: Veoneer Inc. - Key offerings
              • Exhibit 137: Veoneer Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 138: Inclusions checklist
                • Exhibit 139: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 140: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 141: Research methodology
                • Exhibit 142: Validation techniques employed for market sizing
                • Exhibit 143: Information sources
              • 11.5 List of abbreviations
                • Exhibit 144: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Automotive Rear Cross Traffic Alert (RCTA) market growth will increase by $4086.01 million during 2022-2026.
              The automotive rear cross traffic alert (rcta) market is expected to grow at a CAGR of 11.01% during 2022-2026.
              Technavio has segmented the automotive rear cross traffic alert (rcta) market by geographic (North America, Europe, APAC, Middle East and Africa, and South America).
              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. are a few of the key vendors in the automotive rear cross traffic alert (rcta) market.
              APAC will register the highest growth rate of 32.63% among the other regions. Therefore, the automotive rear cross traffic alert (rcta) market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the automotive rear cross traffic alert (rcta) market growth are:
              • Growing demand for cohesive safety systems in automobiles
              • Inclusion of RCTA in the parking package offered by automotive OEMs
              The automotive rear cross traffic alert (rcta) market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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