Market Overview:
The global Automotive Radar Market was estimated at USD 2.5 billion in 2016 and is calculated to value about USD 9.5 billion by the end of 2023, developing at a stunning CAGR of 21.0% over the envisioned period.
Automotive radar includes of a transmitter which sends the radio waves that connect an object to the receiver and therefore the receiver operates the movement or the direction of the vehicle.
The global automotive radar market is predicted to grow during the foreseen phase because the growing concern regarding the security issues while driving the car will help to raise the market. The automakers are also shifting their focus from manual cars to autonomous cars which successively will increase the automotive radar market
Recent Developments:
Drivers and Restraints of Automotive Radar Market:
Drivers:
Stringent government favorable initiatives within the field of radar systems have adversities the event of auto safety systems and are predicted to drive the widespread adaption of radar-based security systems over the foreseen phase. Moreover, the decline in the prices of vehicle electronics and developments in the automotive engineering are determined to fuel the use of automotive radars. Its installation enables the exact detection of objects and secures better vehicle safety.
Restraints:
The main restraint for this market is the use of the RADAR detector that is taken into account as illegal in certain countries. A RADAR sensor is often installed in an automobile during its production period, and these automobiles are often offered for a purchase that is acceptable in most countries, but if a RADAR detector is purchased separately by an individual, it is often misused and should result into accidents and loss of life. However, it's illegal in certain countries and violation of an equivalent end in fines, seizure of the device, or both.
Market Segmentation:
By Application:
The market share for ACC was the highest in 2016 due to the widespread adaption in prominent automotive markets, like U.S., Germany, and China, among others. Additionally, the AEB segment is predicted to grow as one with the fastest CAGRs over the foreseen phase. Government initiatives, like the delicensing of radar frequencies and raised investment by automakers for the event of low-cost radar-based safety systems, are projected to boost growth over the foreseen phase.
By Frequency Type:
The RADAR of 7 X-GHz sensors is projected to steer the worldwide automotive radar market during the foreseen phase. The interest for the 7X-GHz segment is often attributed to advantages offered by these sensors in various ADAS applications. 7X-GHz RADAR sensors are utilized in adaptive control, emergency braking system and collision avoidance system among others. The marketplace for these technologies is on the rise due its better resolution and range capability.
2X-GHz frequency bands are mostly being used for small range software. It is available at a less cost without any settlement in the high-end features.
By Vehicle Type:
The passenger Vehicle segment is predicted to grow at a rapid rate than the commercial vehicles segment. The foremost factor driving growth of this segment is the rising awareness regarding vehicle safety among mid-priced vehicle owners. Consistent with OICA, globally, the passenger vehicles segment witnessed a rise of 4.5% in 2016 from 2015. As passenger Vehicles are steadily adoption the radar-based safety system, the global automotive radar market is prophesized to gain traction over the forecast period.
However, the increasing logistics industry and hiking e-commerce have targeted the sales for commercial vehicles. The increasing consumer expectations for vehicle autonomy among commercial vehicles are additionally supposed to trigger the expansion of the segment.
Automotive Radar Market Region wise analysis:
Marked Segmentation based on the region:
a. Middle East
b. Africa
North America is showing the substantial growth and is likely to continue this trend over the foreseen phase. Europe accounted for a notable part of the worldwide market in terms of value and is predicted to grow at a CAGR of 17.8% over the foreseen phase. This will be attributed to the rising stringency of auto safety norms by the EU Commission. German automakers hold up to 70% of the premium vehicles production. However, the automotive industry in the nation spends approximately 33% of the revenue towards R&D development. Thus, the German automotive radar market is foreseen to record the most crucial share by 2025.
Compare to other regions, Asia-Pacific (APAC) is predicted to witness the fastest growth within the global automotive radar market over the foreseen phase. It's mainly because of the rising income in the developing countries of the APAC region, like India and China, which results in an increasing demand for premium vehicles.
Key Players of Market:
Major players in the global market are Robert Bosch GmbH (Germany), HELLA KGaA (Germany), Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC (U.K.), Autoliv Inc. (Sweden), and Valeo S.A. (France). Other prominent players include Infineon Technologies AG (Germany), NXP Semiconductors N.V, etc.
1. Introduction
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 Inferences
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
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
5.1.2 Products/Service
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 Type
6.1.1 Long Range RADAR
6.1.2 Short Range RADAR
6.1.3 Medium Range RADAR
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 Cruise Control Market
6.2.2 Autonomous Emergency Braking Market
6.2.3 Blind Spot Detection Market
6.2.4 Forward Collision Warning System Market
6.2.5 Intelligent Park Assist Market
6.2.6 Other ADAS Applications Market
6.2.7 Market Size Estimations & Forecasts (2019-2024)
6.2.8 Y-o-Y Growth Rate Analysis
6.2.9 Market Attractiveness Index
6.3 Automotive RADAR Market, By Frequency Type
6.3.1 2X-GHZ Systems: Automotive RADAR Market
6.3.2 7X-GHZ: Market
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Automotive RADAR Market, By Vehicle Type
6.4.1 Commercial Vehicles
6.4.2 Economic Passenger Vehicle
6.4.3 Luxury Passenger Vehicle
6.4.4 Mid-Price Passenger Vehicle
6.4.5 Market Size Estimations & Forecasts (2019-2024)
6.4.6 Y-o-Y Growth Rate Analysis
6.4.7 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
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Range Type
7.2.3 By Application
7.2.4 By Frequency Type
7.2.5 By Vehicle Type
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Range Type
7.3.3 By Application
7.3.4 By Frequency Type
7.3.5 By Vehicle Type
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Range Type
7.4.3 By Application
7.4.4 By Frequency Type
7.4.5 By Vehicle Type
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Range Type
7.5.3 By Application
7.5.4 By Frequency Type
7.5.5 By Vehicle Type
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Range Type
7.6.3 By Application
7.6.4 By Frequency Type
7.6.5 By Vehicle Type
8. Key Player Analysis
8.1 Robert Bosch GmbH
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 HELLA KGaA
8.3 Continental AG
8.4 Denso Corporation
8.5 Delphi Automotive PLC
8.6 Autoliv Inc.
8.7 Valeo S.A.
8.8 Infineon Technologies AG
8.9 NXP Semiconductors N.V.
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
