Automotive Radar Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2025
North America is one of the fastest-growing regions for the automotive radar market. The region majorly includes countries such as the U.S., Canada, and Mexico, among others. The region is home to some of the leading automotive OEMs and radar system manufacturers. Analog devises Inc., Texas Instruments Inc., Continental AG, Robert Bosch GmbH, Infineon Technologies AG and Aptiv Plc, among others, are some of the most prominent players operating in North America Automotive radar market. Further, government regulations mandating the use of advanced safety features in vehicles across the region are also fueling the demand for radars in the automotive industry.
In addition to it, the increased road fatalities, burgeoning urbanization, changing consumer lifestyles, and stimulating demand of radar in the luxury vehicle segment are other major factors that are monitoring the growth of the North America automotive radar market. On the other side, the high installation cost of the automotive radar and ban on radar detectors in some of the states such as Washington DC and Virginia are attributed to be the market restraints hampering the market growth. However, the growing interest and funding towards autonomous cars and the growth of the semiconductor industry working towards this technology in the region are some of the potential business opportunities in the market.
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“Short and medium-range radar is expected to dominate the automotive radar market during the analyzed period.”
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“Short and medium-range radar is expected to dominate the automotive radar market during the analyzed period.”
Based on the range of the radar, the market is segmented in Short Range Radar and Medium Range Radar and Long-Range Radar. In 2018, short and medium-range radar held the maximum revenue share and the same is expected to follow during the forecast period (2019-2025).
“Amongst applications, adaptive cruise control tends to conquer the market during the forecast period.”
“Amongst applications, adaptive cruise control tends to conquer the market during the forecast period.”
North America automotive radar market is also categorized based on their application areas that include Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Intelligent Parking System (IPS), Blind Spot Detection (BSD), Collision Mitigation System (CMS) and others. Among such applications, adaptive cruise control held the largest market share of the global automotive radar market, followed by blind-spot detection and others.
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“Amongst frequency band, 2X GHz radar occupied the major market during the forecast period.”
Based on different frequency bands, the North America automotive radar market is fragmented in 2X GHz and 7X GHz. In 2018, 2X GHz radar held the maximum market share however due to an increase in demand of 7X GHz radar, they are anticipated to be the fastest-growing and largest market by 2025.
“Amongst vehicle type, passenger cars ruled the automotive radar market during the forecast period.”
The study also analyses the North America automotive radar market across different vehicle types that include passenger vehicles, luxury vehicles, and commercial vehicles. Among different vehicle types, passenger cars held the maximum share in 2018, however, due to increase in demand of radar system in high-end vehicles, the luxury vehicles segment is anticipated to be the fastest-growing market segment growing at a CAGR of XX% during the forecast period (2019-2025).
The study also analyses the North America automotive radar market across different vehicle types that include passenger vehicles, luxury vehicles, and commercial vehicles. Among different vehicle types, passenger cars held the maximum share in 2018, however, due to increase in demand of radar system in high-end vehicles, the luxury vehicles segment is anticipated to be the fastest-growing market segment growing at a CAGR of XX% during the forecast period (2019-2025).
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“United States represents itself as one of the largest regions in terms of revenue sales for North America automotive radar market.”
“United States represents itself as one of the largest regions in terms of revenue sales for North America automotive radar market.”
For a deep-dive analysis of the North American automotive radar market, a country level segmentation is also incorporated in the study. The segment includes major countries such as the U.S, Canada, Mexico and the Rest of North America. The U.S is the biggest market across the region, and it is anticipated that the country holds dominance during the forecast period. The presence of a considerable number of automotive electronics manufacturers and automakers which is primarily backed by low-cost manufacturing, free trade agreements, tax structure, economic stability, favorable regulatory framework and others in the country is motoring the growth of the U.S automotive radar market.
Competitive Landscape -Top 10 Market Players
Some of the major players profiled in the report include Continental AG, Robert Bosch GmbH, Denso Corporation, Delphi Automotive Plc, Infineon Technologies AG, NXP Semiconductors NV, Valeo SA, Analog Devices Inc., Hella KGaA Hueck and Co, and Texas Instruments Inc.
Competitive Landscape -Top 10 Market Players
Some of the major players profiled in the report include Continental AG, Robert Bosch GmbH, Denso Corporation, Delphi Automotive Plc, Infineon Technologies AG, NXP Semiconductors NV, Valeo SA, Analog Devices Inc., Hella KGaA Hueck and Co, and Texas Instruments Inc.
The North America Automotive Radar Market can be customized to the country level or any other market segment. Besides this, UnivDatos Market Insights (UMI) understands that you may have your own business need, hence we also provide fully customized solutions to clients.
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Labels: Automotive Radar Market, Automotive Radar Market Forecast, Automotive Radar Market Growth, Automotive Radar Market Size, North America automotive Radar Market
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