The global automotive RADAR market size is expected to reach USD 10.5 billion by 2026, at a significant rate of 20.4% during the forecasted period 2019 to 2026.
Radio Detection and Ranging also known as RADAR, is an electronic equipment which is used for tracing any object. The system which detects any objects within its radius by the use of radio waves in order to determine the spread angle, area and speed is called as automotive RADAR. This system was initially developed for the defense and military purpose, but it has witnessed a massive increase in use in automobile sector as a result of the ongoing technological innovations. These devices are installed in passenger vehicles in the form of radar sensors for delivering information such as angle, range, and Doppler velocity and also to help the drivers to avoid collision.
Stringent government regulations pertaining to the vehicle safety and has led to increase in demand for automotive RADAR systems. In addition to this, the adoption of ADAS technology (Advance Driver Assistance System)by OEMs has led to augment in demand for automotive RADAR systems which in turn has driven the automotive RADAR market. In the past few years, there has been a significant increase in the number of radar sensors used per vehicle. This in turn has led to rapid growth in the automotive RADAR market. However, the use of these systems is considered illegal in some countries. This has proven to be a major restraint for the growth of automotive RADAR market. Some of the Acts supporting this ban include the Communications Act of 1934 in the U.S and the Wireless Telegraphy Act 1949 in the U.K. In Australia, except Western Australia, the use of a RADAR detector is Illegal in all states. However, increasing awareness pertaining to benefits of using these systems can bring in new opportunities for the major players in automotive RADAR market. Some of the major trends in automotive radar market include object identification, high focus on safety with the inclusion of 360 degrees vehicles surveillance, CAR2X (car 2 car and car 2 infrastructure communication) and rear-end crash avoidance.
A number of system and chip manufacturing companies are involved in automotive RADAR market. Many players have adopted different strategy for the development of the market. For instance, in June 2019, Vayyar Imaging from Tel Aviv, launched its first automotive 4D point cloud application on a single radar chip. 4D point cloud transforms radar technology by constructing a real-time, high-resolution 4D visualization of both in-cabin and car exterior environments. The company’s Radar on a Chip (ROC) consists of 48 transceivers at 76-81GHz which allows over 2,000 virtual channels.
The market research study on “Automotive RADAR Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026” offers a detailed outlook, strategic recommendations, and insightful viewpoints on the global automotive RADAR market.
The report also analyzes the key players operating in automotive RADAR market and identifies the key strategies deployed by them along with the market share of leading players. Some of the key players operating in the automotive radar market include Continental AG, Robert Bosch GmbH, Infineon Technologies AG, and Texas Instruments, among others.
The global Automotive RADAR market is segmented as below:
Automotive RADAR Market by Range Type
Automotive RADAR Market by Frequency
Automotive RADAR Market by Application
Automotive RADAR Market by Geography
Rest of the World
RADAR is an electronic equipment which is used for tracing any object.
The global automotive RADAR market is majorly driven by increase in demand for driver safety and stringent government regulations pertaining to these safety measures.
According to Acumen Research and Consulting, the global automotive RADAR market size is expected to worth around USD 10.5 billion by 2026.
The global automotive RADAR market is growing at a significant growth rate of 20.4% during the forecasted period 2019 to 2026.
Some of the key players operating in the automotive radar market include Continental AG, Robert Bosch GmbH, Infineon Technologies AG, and Texas Instruments, among others.
Europe dominates the global automotive RADAR markets across the globe as it is one of the pioneers in the use of automotive RADAR systems.
Asia Pacific is the fastest growing region for the automotive RADAR market owing to the presence of the huge developing economy, increasing R&D spending and continuously increasing government support.