The global Automotive RADAR market size is expected to surpass around US$ 8.30 billion by 2027 and the market is expected to garner growth at a CAGR of 11.4% over the forecast period 2021 to 2027.
The Automotive RADAR market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.
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Growth Factors
Stringent norms along with favorable initiatives for the adoption of RADAR system for promotion of vehicle safety system drive the market growth for automotive RADAR system. In addition, declining prices of automotive electronic products along with advancements in automotive technology are likely to propel the demand for automotive RADAR. The implementation of RADAR technology in automotive sector boosts its safety by accurate detection of the objects surrounding the vehicle. World Health Organization (WHO) has declared that if the vehicle safety standards were not improved by 2030, road accidents will be the seventh major cause for death across the world. Approximately 90% of the road traffic crashes happen in developing nations that accounts for 54% of the total vehicle population across the globe. Thus, manufacturers find magnificent opportunity to flourish in these regions.
Market Report Scope
| Report Highlights | Details |
| Market Size | USD 8.30 Billion by 2027 |
| Growth Rate | CAGR of 11.4% from 2021 to 2027 |
| Largest Market | Europe |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2021 to 2027 |
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Market Overview
A recent study by Precedence Research on the Automotive RADAR market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Automotive RADAR market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Automotive RADAR. The study also provides the dynamics that are responsible for influencing the future status of the Automotive RADAR market over the forecast period.
A detailed assessment of the Automotive RADAR market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Automotive RADAR market along with their product portfolio enhances the reliability of this comprehensive research study.
Report Highlights
- Europe is the most prominent revenue shareholder in the global automotive RADAR market in 2019 and expected to flourish significantly in the coming years. The accelerated growth of the region is primarily due to the presence of dominant vehicle manufacturing companies in the region. The automakers in the Germany held nearly 70% of shares in the premium vehicle manufacturing sector.
- The Asia Pacific poised to grow at a prominent rate over the forecast period owing to rising automobile sales along with high disposable income in the region. In addition, growing awareness for vehicle safety and its resultant benefits are the major factors expected to propel the market growth.
- By range, Short & Medium Range RADAR (S&MRR) dominated the global automotive RADAR market in 2019 and predicted to exhibit the fastest growth over the forecast period. This is attributed to the declining prices of the system along with requirement of more than two systems to enhance vehicle performance.
- Passenger cars segment expected to offer higher growth as compared to commercial vehicles in the vehicle type segment. The prime factor responsible for the high growth of passenger cars is increased demand and production. As per OICA, passenger cars account for nearly 75% production share in the global automotive production.
- In terms of application, intelligent park assist led the global automotive RADAR market in 2019 due to the increasing application for parking sensors to prevent the back side collision. However, adaptive cruise control projected to grow at the fastest rate in the coming years.
Regional Snapshots
Europe dominated the global automotive RADAR market in 2019 with significant revenue share. The region is the automotive hub and home for several automotive giants. Germany held nearly 70% of shares in the production of global premium vehicles. Furthermore, significant adoption of green mobility and electric vehicles in the region boosts the demand for automotive RADARs. However, the Asia Pacific expected to register the rapid growth rate over the forecast period owing to significant adoption of green revolution across various industries including transportation & mobility along with increased consumer awareness related to environment degradation.
OBJECTIVES OF THE STUDY
- To analyze and forecast the electric motor market, in terms of value and volume
- To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
- To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
- To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
- To strategically profile key players and comprehensively analyze their core competencies
- To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market
Research Methodology
- Market estimate for 2020
- Average selling price (ASP) per region for specific product type
- Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
- Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
- National government documents, statistical databases
- News articles, press releases, and webcasts specific to companies operating in the market
- Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
- Determination of market penetration by country
Major Players Covered in this Report
The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
- Company Overview
- Company Market Share/Positioning Analysis
- Product Offerings
- Financial Performance
- Recent Initiatives
- Key Strategies Adopted by Players
- Vendor Landscape
- List of Suppliers
- List of Buyers
Major key players operating in the market are
- Continental AG
- Autoliv Inc.
- DENSO Corporation
- Delphi Automotive Company
- NXP Semiconductors
- Texas Instruments
- Robert Bosch GmbH
- ZF Friedrichshafen
- Valeo
- Analog
Segments Covered in the Report
By Frequency
- 24 GHz
- 77 GHz
- 79GHz
By Range
- Short & Medium Range RADAR (S&MRR)
- Long Range RADAR (LRR)
By Vehicle Type
- Commercial Vehicle
- Passenger Vehicle
By Application
- Autonomous Emergency Braking (AEB)
- Adaptive Cruise Control (ACC)
- Forward Collision Warning System
- Intelligent Park Assist
- Blind Spot Detection (BSD)
- Others ADAS Applications
By Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
Why should you invest in this report?
If you are aiming to enter the global Automotive RADAR market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Automotive RADAR are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Automotive RADAR Market, By Frequency
7.1. Automotive RADAR Market, by Frequency Type, 2020-2027
7.1.1. 24 GHz
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. 77 GHz
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. 79GHz
7.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Automotive RADAR Market, By Range
8.1. Automotive RADAR Market, by Range, 2020-2027
8.1.1. Short & Medium Range RADAR (S&MRR)
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Long Range RADAR (LRR)
8.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Automotive RADAR Market, By Vehicle Type
9.1. Automotive RADAR Market, by Vehicle Type, 2020-2027
9.1.1. Commercial Vehicle
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Passenger Vehicle
9.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Automotive RADAR Market, By Application
10.1. Automotive RADAR Market, by Application, 2020-2027
10.1.1. Autonomous Emergency Braking (AEB)
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Adaptive Cruise Control (ACC)
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Forward Collision Warning System
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Intelligent Park Assist
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5. Blind Spot Detection (BSD)
10.1.5.1. Market Revenue and Forecast (2016-2027)
10.1.6. Others ADAS Applications
10.1.6.1. Market Revenue and Forecast (2016-2027)
Chapter 11. Global Automotive RADAR Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.1.2. Market Revenue and Forecast, by Range (2016-2027)
11.1.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.1.4. Market Revenue and Forecast, by Application (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Range (2016-2027)
11.1.5.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.1.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Range (2016-2027)
11.1.6.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.1.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.2.2. Market Revenue and Forecast, by Range (2016-2027)
11.2.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.2.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Range (2016-2027)
11.2.5.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.2.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Range (2016-2027)
11.2.6.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.2.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Range (2016-2027)
11.2.7.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.2.7.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Range (2016-2027)
11.2.8.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.2.8.4. Market Revenue and Forecast, by Application (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.3.2. Market Revenue and Forecast, by Range (2016-2027)
11.3.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.3.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Range (2016-2027)
11.3.5.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.3.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Range (2016-2027)
11.3.6.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.3.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Range (2016-2027)
11.3.7.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.3.7.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Range (2016-2027)
11.3.8.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.3.8.4. Market Revenue and Forecast, by Application (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.4.2. Market Revenue and Forecast, by Range (2016-2027)
11.4.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.4.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Range (2016-2027)
11.4.5.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.4.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Range (2016-2027)
11.4.6.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.4.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Range (2016-2027)
11.4.7.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.4.7.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Range (2016-2027)
11.4.8.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.4.8.4. Market Revenue and Forecast, by Application (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.5.2. Market Revenue and Forecast, by Range (2016-2027)
11.5.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Range (2016-2027)
11.5.5.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.5.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Frequency (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Range (2016-2027)
11.5.6.3. Market Revenue and Forecast, by Vehicle Type(2016-2027)
11.5.6.4. Market Revenue and Forecast, by Application (2016-2027)
Chapter 12. Company Profiles
12.1. Continental AG
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Autoliv Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. DENSO Corporation
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Delphi Automotive Company
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. NXP Semiconductors
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Texas Instruments
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Robert Bosch GmbH
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. ZF Friedrichshafen
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Valeo
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Analog
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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