[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global automotive RADAR market was valued at around USD 4 billion in 2020 and is expected to register revenues worth USD 8.30 billion by the end of 2027, growing at an exceptional CAGR of approximately 11.4% between 2020 and 2027.
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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.
Automotive RADAR Market Report Scope
A recent study by Precedence Research on the automotive RADAR market offers a forecast for 2020 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.
Automotive RADAR Market 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.
The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter.
This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach. This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably.
Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.
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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
Segments Covered in the Report
- 24 GHz
- 77 GHz
- Short & Medium Range RADAR (S&MRR)
- Long Range RADAR (LRR)
By Vehicle Type
- Commercial Vehicle
- Passenger Vehicle
- Autonomous Emergency Braking (AEB)
- Adaptive Cruise Control (ACC)
- Forward Collision Warning System
- Intelligent Park Assist
- Blind Spot Detection (BSD)
- Others ADAS Applications
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2019 to 2027. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global automotive RADAR market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the automotive RADAR market.
The report includes country-wise and region-wise market size for the period 2019-2027. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2027.
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 Contents
Chapter 1. Introduction
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Market Variables and Scope
Chapter 5. Market Dynamics Analysis and Trends
Chapter 6. Competitive Landscape
Chapter 7. Global Automotive RADAR Market, By Frequency
Chapter 8. Global Automotive RADAR Market, By Range
Chapter 9. Global Automotive RADAR Market, By Vehicle Type
Chapter 10. Global Automotive RADAR Market, By Application
Chapter 11. Global Automotive RADAR Market, Regional Estimates and Trend Forecast
Chapter 12. Company Profiles
Chapter 13. Research Methodology
Chapter 14. Appendix
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