What is Automotive Radar Market Scope?
An automotive radar is refer as the system which is used in locating the objects, such as vehicles and pedestrians, in the vicinity of the car. A radar primarily consists of a receiver and transmitter. The transmitter sends out the radio waves which then hit an object and bounce back to receiver. It is possible to detect the objects' distance, speed and direction, by controlling the direction in which radio waves are sent and received. This requires the steerable antennas which can be automatically directed or receive the signals simultaneously from various different directions. Automotive radar sensors is known as the key technology for enabling the future driver assistance functions and securing the high ratings in New Car Assessment Programs (NCAP) throughout the whole world
Influencing Trend:
Rising demand for premium segment vehicles and Growing interest & funding towards autonomous cars
Market Growth Drivers:
Increasing government regulations for vehicle safety and increase in adoption of adas technology by OEMS and Increase in number of radar sensors in vehicle
Challenges:
Issues related to electromagnetic jamming and interface, Maintaining the balance between cost and quality and Security related threat
Restraints:
Usage of radar detectors considered as illegal in some countries and Increase in the overall cost of the vehicle
Opportunities:
Low penetration in developing markets and Sensor fusion is penetrating in the market
The Automotive Radar market study is being classified by Type (Short Range RADAR (SRR), Mid Range RADAR (MRR) and Long Range RADAR (LRR)), by Application and major geographies with country level break-up.
In 2019 NXP Semiconductors announced an investment agreement and strategic collaboration with Hawkeye Technology. Analysts at AMA predicts that Vendors from German and United States will contribute to the maximum growth of Global Automotive Radar market throughout the predicted period.
Robert Bosch GmbH (Germany), HELLA KGaA (Germany), Continental AG (Germany), Infineon Technologies AG (Germany), NXP Semiconductors, (The Netherlands), Denso Corporation (Japan), Delphi Automotive PLC. (United Kingdom), Autoliv Inc. (Sweden), Valeo S.A. (France) and Texas Instruments, Inc (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are STMicroelectronics (Switzerland), ON Semiconductor (United States) and ZF Group (Germany).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Automotive Radar market by Type, Application and Region.
On the basis of application, Adaptive Cruise Control (ACC) segment is dominating the market in the year 2022
On the basis of geography, the market of Automotive Radar has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
Bosch is strengthening its business in custom system and software development services. It acquired ITK Engineering AG and its foreign operations, after receiving the approval of the relevant antitrust authorities
Bosch developed Tesla Model S self-driving prototype. It is Australia’s first locally-developed self-driving car. The Bosch prototype comprises six RADARs, six laser sensors (LiDAR), one stereo video camera, and one high precision GPS
The European parliament has mandated the use of Electronic Stability Control (ESC) and Advanced Emergency Braking System (AEBS) since November 2015. The system is expected to be equipped in all new commercial vehicles above 3.5 tons. As per the latest Euro NCAP rating, the models which are having AEB along with other ADAS features such as ACC and FCW, will get better safety ratings. This regulatory move is further expected to drive the RADAR based ADAS market
Key Target Audience
ADAS system manufacturers, Automobile OEMs, Automotive Parts Manufacturers' Association (APMA), Manufacturers of the automotive RADAR microprocessors, Manufacturers of the automotive RADAR systems, RADAR hardware suppliers, RADAR software suppliers and RADAR system integrators
Automotive Radar Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Automotive Radar Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Automotive Radar industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.