Automotive Radar Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2025
The
global Automotive Radar Market is anticipated to gain the market worth of US$
11,968.53 million by 2025, expanding at a CAGR of 21.8% during the forecast
period 2019-2025. Short-range & medium-range radar (S&MRR) and
long-range radars (LRR) are the major types of radar-based on their range of
clear visibility. In 2018, S&MRR dominated the global automotive radar
market and is anticipated to generate a market size of US$ 7330.72 million by
2025. On the other hand, the LRR segment is anticipated to expand at the
highest CAGR growth of 24.3% during the analyzed period. Changing vehicle
safety regulation, increase in adoption of advanced driver assistance system
(ADAS) technology and increasing the number of radar sensors used per vehicle
is the major growth drivers for the global automotive radar market. Stringent
government regulations, mandating rear-view camera system and lane departure
warning technologies in vehicles has also stimulated the growth of the
technology in several countries. In addition, growing adoption of ADAS
technology across mid-priced and premium segment vehicle has further fueled the
growth of the market at a global scale.
For Regional/country-wise analysis
of the overall adoption of Radar technology in vehicles browse through - Automotive
Radar Market
The
growing governmental regulations on vehicle security and mandating of certain
ADAS features in vehicles are helping widespread adoption of radar across
several application areas in a vehicle. Adaptive cruise control, autonomous
emergency braking, intelligent parking systems, blind-spot detection, collision
mitigation system and others are the major application area of radar technology
analyzed in the study. Adaptive cruise control dominated the market with market
size of US$ 1,009.6 million in 2018 and is expected to maintain its dominance
during the forecast period 2019-2025. On the other hand, the compulsion of
autonomous emergency braking function in the vehicles in North America and
Europe is expected to bolster the market for this technology. The AEB
application area is predicted to grow at the highest CAGR of 25.6% during the
forecast period. 2X and 7X GHz are the two major frequency bands, which are
widely used in the vehicles, as they play a crucial role in determining the
effectiveness of the radars in advance safety systems. 2X GHz band dominated
the market in 2018. However, by 2021 7X GHz frequency band is expected to
overtake the 2X GHz band, to become the largest selling frequency band radar
system. 7X GHz radar sensor can achieve 20 times better performance in range
resolution, thus improving environmental modelling and object classification.
Owing to this the overall adoption of 7X GHz in the vehicle is expected to
increase rapidly, making them the fastest-growing frequency band during the forecast
period.
Additionally, radar is rapidly capturing every segment of vehicles manufactured, including passenger vehicles, luxury vehicles and commercial vehicles. Luxury brands such as Audi, BMW, Lexus, land Rover and Mercedes-Benz among others are deploying radar in applications such as automated parking, adaptive cruise control system, and adaptive cruise control system. Similarly, the growing interest of customers for advance safety features across the passenger vehicle segment has forced the global car manufacturers to install this technology in their upcoming models, however, the penetration rate is still low. The passenger car segment dominated the global automotive radar market, followed by luxury and commercial vehicle segments. The luxury vehicle segment is expected to register the highest CAGR growth of 24.1% during the forecast period 2019-2025.
Additionally,
for better investigation and penetration of automotive radar market, the report
bifurcates the global market into distinct region and countries including North
America (the U.S., Canada, Mexico and Rest of North America), Europe (Russia,
Germany, France, the U.K., Italy, Spain and Rest of Europe), Asia-Pacific
(China, Japan, India, South Korea, Singapore, Malaysia and Rest of
Asia-Pacific) , Middle East and North Africa( the UAE, Saudi Arabia, Kuwait,,
Qatar, Algeria, Egypt and rest of Middle East and North Africa) and Latin
America (Brazil, Argentina, Chile and Rest of Latin America). In 2018, North
America was the largest market in value terms, owing to the stringent safety
regulations in the region. Increased awareness of safety features has also
fueled the demand for radar technology in the region. The European region is
estimated to be the largest market for automotive radar during the forecast
period. Substantial building up in this market is mainly due to the adoption of
advanced technologies and stringent vehicle safety regulations.
Some
of the major companies profiled in the global Automotive radar study include
Robert Bosch GmbH, HELLA KGaA, Continental AG, Denso Corporation, Aptiv PLC,
Valeo S.A., Infineon Technologies AG, Texas Instruments Inc., Analog Devices
Inc. and NXP Semiconductors N.V. These players consistently aim to focus on
product development, new product launch and enhance their existing portfolios
to expand their customer base and strengthen their market position through
partnerships and collaborations which further offers them growth opportunities
for geographic expansion.
Global Automotive Radar Market Segmentation
Market Insights, by Radar Range
Long Range RADAR
(LRR)
Short &
Mid-Range RADAR (SRR&MRR)
Market Insights, by Application
Adaptive Cruise
Control (ACC)
Autonomous
Emergency Braking (AEB)
Blind Spot
Detection (BSD)
Collision Avoidance
System (CAS)
Intelligent Parking
Assistance (IPA)
Other
Market Insights, by Frequency Band
2X-GHz
7X-GHz
Market Insights, by Vehicle type
Passenger Vehicles
Luxury Vehicles
Commercial Vehicle
Market Insights, by Geography
North
America Automotive Radar Market
U.S. Automotive
Radar Market
Canada Automotive
Radar Market
Mexico Automotive Radar
Market
Rest of North
America Automotive Radar Market
Europe
Automotive Radar Market
Germany Automotive
Radar Market
France Automotive
Radar Market
U.K. Automotive
Radar Market
Russia Automotive
Radar Market
Italy Automotive
Radar Market
Spain Automotive
Radar Market
Rest of Europe
Automotive Radar Market
Asia-Pacific
Automotive Radar Market
China Automotive
Radar Market
Japan Automotive
Radar Market
India Automotive
Radar Market
South Korea
Automotive Radar Market
Singapore
Automotive Radar Market
Australia Automotive
Radar Market
Rest of APAC
Automotive Radar Market
MENA
Automotive Radar Market
UAE Automotive
Radar Market
KSA Automotive
Radar Market
Algeria Automotive
Radar Market
Kuwait Automotive
Radar Market
Egypt Automotive
Radar Market
Qatar Automotive
Radar Market
Rest of MENA
Automotive Radar Market
Latin
America Automotive Radar Market
Brazil Automotive
Radar Market
Argentina
Automotive Radar Market
Chile Automotive
Radar Market
Rest of Latin
America Automotive Radar Market
Top Companies Profiles
Continental AG
Robert Bosch GmbH
Delphi Automotive
PLC
Denso Corporation
Infineon
Technologies AG
NXP Semiconductors
N.V.
Valeo S.A.
Hella KGaA Hueck
& Co.
Analog Devices Inc.
Texas Instruments
Inc.
The Global
Automotive Radar Market
can be customized to country level or any other market segment. Besides this,
UMI understands that you may have your own business need, hence we also provide
fully customized solutions to clients.
Contact Us
UnivDatos Market
Insights (UMI)
Email: sales@univdatos.com
Labels: Automotive, automotive market, Automotive Radar Market, Automotive Radar Market Growth, Automotive Radar Market Report, Automotive Radar Market Size
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