Automotive Radar Market: Global Industry Analysis and Forecast (2021-2027)

Automotive Radar Market size was valued at US$ 4.08 Bn. in 2020 and the total revenue is expected to grow at 12.6 % through 2021 to 2027, Automotive Radar Market is reaching nearly US$ 10.03 Bn. by 2027.

Automotive Radar Market Overview:

The term automotive radar refers to a technology placed in cars that detects the speed and range of objects in the area. It locates objects using a transmitter that puts out radio waves that contact the target and then bounce back to the receiver, allowing the distance, speed, and direction of the object to be determined. This aids in the avoidance of crashes, the detection of pedestrians and bicycles, and the complementation of the vision-based camera-sensing system. There are several different types of car radars on the market. Long-range automotive radars are used to measure the distance and speed of other vehicles, medium-range radars detect objects in a wider field of view, and short-range radars detect objects close to the vehicle. Automotive Radar Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. 2020 is considered a base year however 2020’s numbers are on real output of the companies in the market. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Automotive Radar Market Dynamics:

An increase in the number of road accidents globally, demand for safety features such as parking assistance, collision avoidance systems, lane departure warnings, traction control, electronic stability control, tire pressure monitors, airbags, and telematics is on the rise. Automotive radar is a key component of advanced driver assistance systems (ADAS), which can detect and identify certain items on the road and alert the driver to their surroundings and road conditions. Depending on the road conditions, these systems can automatically slow or stop the car. Consumers currently are leaning toward comfort when driving. Manufacturers are introducing safety technologies that utilize automotive radars in high-end cars, such as adaptive journey control and parking help systems, to provide more comfort to drivers. However, the driver has the ability to override the system at any time. Other technologies, like night vision systems and others that assist the driver with lateral vehicle control, are still in development. In these systems, automotive radar is employed to detect the vehicle's surroundings with high accuracy and precision. RADAR and cameras are the most common sensors found on automobiles, with ultrasonic technology playing a major part in short spans at moderate speeds and LiDAR being employed in autonomous driving. Because of its unique qualities, RADAR is widely used. The distance of an object can be accurately determined using RADAR. Long-range automotive RADARs can calculate distances to objects as far as 300 to 500 meters away. The use of RADAR allows for the accurate assessment of parameters such as relative speed. As a result, it provides a speed and range measurement at the same time. LiDAR and Camera, decrease cars' effectiveness when challenged with harsh environmental circumstances such as darkness, smog, snow, rain, and fog. Radar, on the other hand, has a lot of potentials when it comes to keeping it’s functioning in bad weather and lighting. The majority of self-driving cars include sensing groups that include three types of sensors: LiDAR, Radar, and Camera. These systems each have their own set of features and limitations. When presented with adverse environmental conditions such as darkness, pollution, snow, rain, and fog, both LiDAR and Camera lose their efficiency. However, Radar offers a lot of potential in terms of maintaining its functionality in adverse weather and illumination conditions.

Automotive Radar Market Segment Analysis:

The Automotive Radar Market is segmented into Vehicle type, Range type and Application. Based on Range Type, market is sub-segmented into long range, medium range, and short range. In 2020, medium and short range radar has the biggest market share and it is expected to grow at the fastest rate. These radars are widely employed in vehicle safety systems to identify objects in the area. Blind spot detection, lane change assist, and park assist are among the functions available. Over the forecast period, the market is expected to be driven by falling radar prices and the growing need to use more than two radars per system for improved performance. The rising acceptance of ACC in mid-priced automobiles is likely to drive growth of the long range radar second largest segment throughout the forecast period since long range radars are widely utilized in ACC. In 2020, the segment accounted for around 46% of the market. Automotive Radar Market 1 Based on Vehicle Type, market is sub-segmented into Commercial vehicle and Passenger vehicle. The passenger vehicle segment is expected to grow faster than the commercial vehicle market. The growing awareness of vehicle safety among mid-priced vehicle owners is the key element driving this segment's rise. According to OICA, worldwide passenger automobile sales increased by 4.5 % in 2020 compared to 2019. Major luxury car manufacturers such as Mercedes-Benz and BMW had a large boost in sales in 2019, with 2.08 million and 2.3 million units sold, respectively. The automotive radar market is likely to grow throughout the forecast period as more passenger cars are fitted with radar-based safety systems.

Global Automotive Radar Market Regional Analysis:

In terms of value, Europe dominated the global market and it is expected to grow at a CAGR of 17.8% over the forecast period. This can be linked to the European Commission's increasing rigors in enforcing automobile safety standards (EC). Around 70% of premium car production is controlled by German automakers. The country's automobile industry invests roughly one-third of its revenue on research and development. As a result, by 2025, the German market for automotive radar is expected to have the largest share. However, because of the cheap costs associated in automobile manufacturing, the Asia Pacific area is expected to be the fastest developing region. Due to increased disposable income, the Asia Pacific area has seen a spike in automotive sales in recent years. The rising awareness of car safety systems and the benefits they provide are some of the reasons driving the growth of the automotive radar market. Due to significant support for the use of the 79 GHz band for vehicular short-range radar in Latin America, the industry is showing signs of growth. Automotive Radar Market 2 The objective of the report is to present a comprehensive analysis of the global Automotive Radar Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Automotive Radar Market dynamics, structure by analyzing the market segments and project the global Automotive Radar Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Automotive Radar Market make the report investor’s guide.

Global Automotive Radar Market Scope: Inquire before buying

Global Automotive Radar Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 4.08 Bn
Forecast Period 2021 to 2027 CAGR: 12.6 % Market Size in 2027: US $ 10.03 Bn.
Segments Covered: by Range Type • Long Range • Medium & Short Range
by Vehicle Type • Commercial Vehicles • Passenger Vehicle
by Application • Adaptive Cruise Control (ACC) Market • Autonomous Emergency Braking (AEB) Market • Blind Spot Detection (BSD) Market • Forward Collision Warning System Market • Intelligent Park Assist Market • Other ADAS Applications Market

Global Automotive Radar Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Global Automotive Radar Market Key Players

• Continental AG • Robert Bosch GmbH • Delphi Automotive PLC • Denso Corporation • Infineon Technologies AG • NXP Semiconductors N.V. • Valeo S.A. • Analog Devices, Inc • Hella KGaA Hueck & Co. • Texas Instruments, Inc. • Autoliv, Inc. • ZF Friedrichshafen AG • Aptiv plc • Veoneer Inc. • Nidec Elesys Corporation • TungThih Electronic Co., Ltd

Frequently Asked Questions:

1) What was the market size of Global Automotive Radar Market in 2020? Ans - Global Global Automotive Radar Market was worth US$ 4.08 Bn. in 2020. 2) What is the market segment of the Automotive Radar Market? Ans -The market segments are based on Range, Vehicle type and Application. 3) What is the forecast period considered for Global Automotive Radar Market? Ans -The forecast period for Global Automotive Radar Market is 2021 to 2027. 4) What is the market size of Global Automotive Radar Market markets in 2027? Ans – Global Automotive Radar Market is estimated as worth US$ 10.03 Bn. 5) Which region is dominated in Global Automotive Radar Market? Ans -In 2020, the Europe region dominated the Global Automotive Radar Market.
1. Global Automotive Radar Market : Research Methodology 2. Global Automotive Radar Market : Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Automotive Radar Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Automotive Radar Market : Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-17.6 Impact 4. Global Automotive Radar Market Segmentation 4.1. Global Automotive Radar Market ,by Range type (2020-2027) • Long Range • Medium & Short Range 4.2. Global Automotive Radar Market , by Vehicle type (2020-2027) • Commercial Vehicles • Passenger Vehicle 4.3. Global Automotive Radar Market , by Application (2020-2027) • Adaptive Cruise Control (ACC) Market • Autonomous Emergency Braking (AEB) Market • Blind Spot Detection (BSD) Market • Forward Collision Warning System Market • Intelligent Park Assist Market • Other ADAS Applications Market 5. North America Automotive Radar Market (2020-2027) 5.1. North America Automotive Radar Market , by Range type (2020-2027) • Long Range • Medium & Short Range 5.2. North America Automotive Radar Market , by Vehicle type (2020-2027) • Commercial Vehicles • Passenger Vehicle 5.3. North America Global Automotive Radar Market , by Application (2020-2027) • Adaptive Cruise Control (ACC) Market • Autonomous Emergency Braking (AEB) Market • Blind Spot Detection (BSD) Market • Forward Collision Warning System Market • Intelligent Park Assist Market • Other ADAS Applications Market 5.4. North America Automotive Radar Market , by Country (2020-2027) • US • Canada • Mexico 6. European Automotive Radar Market (2020-2027) 6.1. European Automotive Radar Market , by Range type (2020-2027) 6.2. European Automotive Radar Market , by Vehicle type (2020-2027) 6.3. European Automotive Radar Market , by Application (2020-2027) 6.4. European Automotive Radar Market , by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Automotive Radar Market (2020-2027) 7.1. Asia Pacific Automotive Radar Market , by Range type (2020-2027) 7.2. Asia Pacific Automotive Radar Market , by Vehicle type (2020-2027) 7.3. Asia Pacific Automotive Radar Market , by Application (2020-2027) 7.4. Asia Pacific Automotive Radar Market , by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Automotive Radar Market (2020-2027) 8.1. Middle East and Africa Automotive Radar Market , by Range type (2020-2027) 8.2. Middle East and Africa Automotive Radar Market , by Vehicle type (2020-2027) 8.3. Middle East and Africa Automotive Radar Market , by Application (2020-2027) 8.4. Middle East and Africa Automotive Radar Market , by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Automotive Radar Market (2020-2027) 9.1. Latin America Automotive Radar Market , by Range type (2020-2027) 9.2. Latin America Automotive Radar Market , by Vehicle type (2020-2027) 9.3. Latin America Automotive Radar Market , by Application (2020-2027) 9.4. Latin America Automotive Radar Market , by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Continental AG 10.1.1. Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Robert Bosch GmbH 10.3. Delphi Automotive PLC 10.4. Denso Corporation 10.5. Infineon Technologies AG 10.6. NXP Semiconductors N.V. 10.7. Valeo S.A. 10.8. Analog Devices, Inc 10.9. Hella KGaA Hueck & Co. 10.10. Texas Instruments, Inc. 10.11. Autoliv, Inc. 10.12. ZF Friedrichshafen AG 10.13. Aptiv plc 10.14. Veoneer Inc. 10.15. Nidec Elesys Corporation 10.16. TungThih Electronic Co., Ltd.

About This Report

Report ID 12957
Category Automotive and Transportation
Published Date Aug 2019
Updated Date Dec 2021
Contact Us