Automotive radars are commonly used to find objects such as vehicles and pedestrians in the movement area. Car radars send radio waves that hit an object to the receiver, and the transmitter consists of a wire that controls the movement or direction of the car. The market for automotive radars is expected to grow during the forecast period as interest in driving safety issues increases. Car manufacturers will also shift their focus from manual cars to autonomous cars, supporting the car radar market.
The Europe Automotive Radar Market had a value of around US$ 5 billion in 2015, which is estimated to reach US$ 8.9 billion by 2024.
Recent Developments and Trends
Germany dominated the market in 2018 with more than US$ 200 million, followed by the United Kingdom and France.
In 2018, Smartmicro launched a new version of its automotive rada sensors that comprise full CMOS 12-channel radio frequency integrated circuits with multi-core DSPs.
Bosch Group has developed a blueprint of a prototype that can develop road signature, particularly a map layer, which facilitates the vehicle to identify its location mainly based on GPS and data from Radars.
Europe Automotive Radar Market is expected to reach USD 8.9 billion by 2024, expanding with a CAGR of around 17.7% from the current value of about USD 5 billion in 2019.
The growing interest in active safety features, innovations in radar technology, reduced parts prices and increased vehicle sales are driving ha market growth.
The main factors accelerating the growth of the Europe Automotive Radar Market are the increase in traffic accidents and the need for safer mobility. Together with the increasing number of vehicles and the growing trend of autonomous cars, electrification is likely to accelerate the growth of the car radar market. Radars play an essential role in the detection of objects in a variety of security systems, including adaptive cruise control, pedestrian detection systems, blind-spot detection and automatic emergency braking. Strict government regulations on safety objectives and initiatives in the field of radar systems have facilitated the development of vehicle safety systems and, therefore, are expected to boost the use of radar-based systems. Along with this, the decrease in the price of electronic systems and the development of automotive technology will support the use of car radar in future.
One of the main obstacles to the growth of automobile radar is the lack of uniform frequency assignments throughout the world. Also, the high costs can impede the rapid expansion in this business.
The Europe Automotive Radar Market is broken down mainly by range, application, and vehicle type.
Based on the range, Europe Automotive Radar Market is divided into long-range radar, medium-range radar and short-range radar. Comparatively, the medium and short-range radars are likely to witness rapid growth in the market in the coming years due to increasing application base.
Depending on the application, Europe automotive radar market is segmented as adaptive autonomous emergency braking (AEB), automotive cruise control (ACC), frontal collision warning system (FCWS), blind-spot detection (BSD) and intelligent parking assistance (IPA). Among these, the blind-spot detection segment accounts for the leading share and is predicted to expand with the highest CAGR in future. The rising demand for advanced driver assistance systems in Europe will create vast growth potential for the blind-spot detection sector.
By Vehicle Type:
Depending on the vehicle type, the Europe automotive radar market is separate into passenger cars and commercial vehicles. Of these, the passenger cars are likely to register the highest demand with the rising consumer disposable income and the need for safe driving conditions.
Due to the strict vehicle safety standards set by the European Commission (EC), Europe dominates the world automobile market. In addition, German car manufacturers have a high participation in the manufacture of premium cars worldwide. At the same time, German car manufacturers spend approximately one-third of their R&D development, so it is expected to grow during the forecast period.
Globally, Europe is the largest region in the car radar market in 2018, mainly due to the high demand for vehicles equipped with advanced safety features and government safety standards in European countries. Also, the European Commission, the governing body of the European automotive industry, is working to improve the safety of drivers and passengers in their vehicles. This region includes significant countries such as Germany, France, United Kingdom, Spain, Russia, Italy and others.
Popular companies in the Europe Automotive Radar Market include Continental AG (Germany), HELLA KGaA (Germany), Robert Bosch GmbH (Germany), Delphi Automotive PLC (United Kingdom), NXP Semiconductors NV (Netherlands), Valeo SA (France), Autoliv Inc. (Sweden), Infineon Technologies AG (Germany), Denso Corporation and Texas Instruments, 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
184.108.40.206 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
220.127.116.11 South Korea
18.104.22.168 South East Asia
22.214.171.124 Australia & NZ
126.96.36.199 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
188.8.131.52 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
184.108.40.206 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