September 23, 2021
Automotive RADAR

Automotive RADAR Market to Soar at 11.4% CAGR till 2027

Precedence Research has published a new report titled Automotive RADAR Market Size, Share and Growth Analysis, By Frequency (24 GHz, 77 GHz, and 79GHz), By Range (Short & Medium Range RADAR (S&MRR) and Long Range RADAR (LRR), By Vehicle Type (Commercial Vehicle and Passenger Vehicle), By Application (Autonomous Emergency Braking (AEB), Adaptive Cruise Control (ACC), Forward Collision Warning System, Intelligent Park Assist, Blind Spot Detection (BSD), and Others) – Global Industry Analysis, Trends, Regional Outlook and Forecasts 2020 – 2027“, the global automotive RADAR market size is expected to grow US$ 8.30 Billion by 2027, decelerating at a CAGR of over 11.4% from 2020 to 2027. The report contains 250+ pages with detailed analysis.

Automotive RADAR consists of receiver and transmitter that is used to locate the objects in the vehicle’s surrounding. The transmitter sends out radio signals that hit the target and bounce back to the receiver. By measuring the time taken by the signal to reflect back used to measure the speed, distance, and direction of the target object. There are generally three types of RADAR systems used for automotive application that are short range, medium range, and long range. Different range of RADARs have different application such as long range used for measuring speed and distance, medium range for detecting objects within field of view, and short range for sensing objects – for example parking assistance.

The global automotive RADAR market research report gives a brief summary of definitions, size analysis and place of production, sales, applications, types, and major players/key vendors of the automotive RADAR industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies. The report provides the overall revenue of the global automotive RADAR Market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

Automotive RADAR Market Estimations:

Market Was Valued In 2019: US$ 3.50 Billion

Market Is Projected To Grow By 2027: US$ 8.30 Billion

Compound Annual Growth Rate (CAGR): 11.4 percent

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.

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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.

Key Players & Strategies

The global automotive RADAR market offer high competition among industry participants owing to increased investment in product development and enhancement. For instance, in July 2015, Continental AG successfully incorporated the 77GHz RADAR technology in the company’s next-generation mid and short range automotive RADAR modules from U.S. based semiconductor company, Freescale Semiconductors. The RADAR was built on existing MR2001 scalable RADAR transceiver chipset and S32R RADAR microcontroller, which was applicable for ADAS system. Furthermore, the market players also focus significantly on the inorganic growth strategies to gain traction in the market. For example, in 2016, Infineon Technologies AG acquired a semiconductor company based in the Netherlands, Innoluce BV. The acquisition is expected to reduce the RADAR system size and its manufacturing costs.

Some of the prominent players in the automotive RADAR market include:

  • 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

This research report includes complete assessment of the market with the help of extensive qualitative and quantitative insights, and projections regarding the market. This report offers breakdown of market into prospective and niche sectors. Further, this research study calculates market revenue and its growth trend at global, regional, and country from 2016 to 2027. This report includes global automotive RADAR market segmentation and its revenue estimation by classifying iton the basis of frequency, range, vehicle type, application, and region:

By Frequency

  • 24 GHz
  • 77 GHz
  • 79GHz

By Range

  • Short & Medium Range RADAR (S&MRR)
  • Long Range RADAR (LRR)

By Vehicle Type

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

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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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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