RADAR (Radio Detection and Ranging) is an electronic device used to track objects. Automotive RADAR is a system used to detect objects within an angle through the propagation to determine the diffusion area, angle and speed. Initially developed for military and defense use, but due to continuous technological innovation, it is used in automobiles. Automotive radar devices are installed in passenger cars in the form of radar sensors to provide information such as range, angle and Doppler speed, which helps the driver avoid collisions.
The APAC Automotive RADAR Market is expected to increase at XX% CAGR over the next few years. The passenger car sector dominated the APAC automotive RADAR market with a market value of around USD$ 550 million. Long-range radar is likely to be the fastest-growing market with an average annual growth rate of 25.9% during the forecast period.
Recent Developments and Trends
According to the Association of Automobile Manufacturers of India, the growth rate in the automotive industry from April to March 2018 was 14.0% higher than that registered during the same period last year.
According to the IBEF, the production of passenger cars in India is foreseen to increase from 3.4 million in 2016 to 10 million in 2020.
Specialized in robotics, Arbe Robotics has made a breakthrough (January 2019) in the family of radar sensors in automotive vehicles by presenting 4D image radars.
Apple recently patented a radar system integrated into the vehicle floor (April 2019) to assess road conditions to keep the vehicle stable accurately.
The APAC automotive RADAR market is also an emerging business for the automotive sector, backed mainly by low-supply and high-level industrialization in the region. The main factor in the introduction of radar technology to vehicles in Asian countries such as India, China and Thailand are a growing accident with an increasing demand for safer vehicle mobility and initiatives to build strict regulations and innovative radar systems by the government. It is also expected that the growing trend of autonomous cars and the increasing electrification of vehicles will accelerate the growth of car radar in the region.
The increase in vehicle sales in Asian countries will provide ample growth opportunities for suppliers operating in the industry to increase their share of sales. The other main factors that drive the market growth are the development of sensors and the increase in smartphones and the development of consumer electronics, the strong demand in the automotive industry and the growing Adoption of FMCW radar sensors in other applications.
Counterfeiting in India and China, as well as high imports and taxes imposed by governments in many countries, is a significant challenge for the region. Also, it is known that high-frequency security systems that use 77 GHz provide better performance. However, these systems also have higher signal losses, making it challenging to implement high-frequency radar-based security systems today. Therefore, it serves to curb the growth of the car radar market in the APAC.
The market is segmented on the basis of range, vehicle type and application.
By Range: The market by range is classified as large, medium and short-range radars, where medium and short-range radars are expected to witness faster growth in the APAC automotive radar market during the forecast period. This is mainly due to the high use of these radars in active safety systems, such as parking assistance, lane change assistance and blind-spot detection.
By Vehicle Type: Passenger car categories represented high participation in the APAC automotive radar market, with the growing involvement of these vehicles in overall car sales in developing countries, including China, mainly due to the increasing concern for safety in cars.
By Application: The Adaptive Cruise Control (ACC) category is expected to occupy most of the APAC automotive radar market during the forecast period. The vast development of the ACC application category now allows integration into both luxury cars and medium cars.
Geographically, the APAC market is divided into China, India, Japan, Singapore, Korea, Australia and other regions of Asia Pacific. The local market is predicted to show the most significant growth during the forecast period, as the area is moving forward with a global focus of great investment opportunities and commercial expansion. In 2019, China dominated the APAC market, which can be attributed to the vast automotive industry, the presence of multiple radar suppliers and the increase in consumer economic conditions.
The APAC automotive RADAR market consists of several players, such as Continental AG, Texas Instruments Inc., DENSO Corp., Valeo SA, Robert Bosch GmbH, HELLA KGaA Hueck & Co., Infineon Technologies AG and Autoliv Inc.
The research done takes place in two phases namely-
Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.
Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive RADAR Market, By Range
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Automotive RADAR Market, By Application
6.2.1 Adaptive Autonomous Emergency Braking (AEB)
6.2.2 Adaptive Cruise Control (ACC)
6.2.3 Frontal Collision Warning System (FCWS)
6.2.4 Blind-spot Detection (BSD)
6.2.5 Intelligent Parking Assistance (IPA)
6.2.6 Market Size Estimations & Forecasts (2019-2024)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
6.3 Automotive RADAR Market, By Vehicle Type
6.3.1 Passenger Cars
6.3.2 Commercial Vehicles
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Range
7.2.3 By Application
7.2.4 By Vehicle Type
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Range
7.3.3 By Application
7.3.4 By Vehicle Type
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Range
7.4.3 By Application
7.4.4 By Vehicle Type
7.5 Latin America
7.5.1 By Country
126.96.36.199 Rest of Latin America
7.5.2 By Range
7.5.3 By Application
7.5.4 By Vehicle Type
7.6 Middle East and Africa
7.6.1 By Country
188.8.131.52 Middle East
7.6.2 By Range
7.6.3 By Application
7.6.4 By Vehicle Type
8. Key Player Analysis
8.1 Robert Bosch GmbH
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Continental AG
8.3 Delphi Automotive PLC
8.4 Hella KGaA
8.5 Valeo SA
8.6 NXP Semiconductors NV
8.7 Autoliv Inc.
8.8 Infineon Technologies AG
8.9 Denso Corporation
8.10 Texas Instruments, Inc.
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures