Automotive Radar Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Automotive, Transportation and Logistics | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC244

Rising attention towards dynamic safety to lower down the road accidents has moved the focus of original equipment manufacturers towards the development and incorporation of novel and innovative automotive radar systems. Rapidly developing automotive technology and focus on reduction of road accidents has elevated hopes for advance systems in automobiles that include automotive radar to enhance the vehicle safety. Automotive radar system emits EM waves (electromagnetic waves) at microwave frequency and collects the information with the aid of electronic control unit regarding the hurdles within the purlieu of the vehicle. Favourable macro-economic conditions that include improving employment rates, increasing disposable income, rising urban population, and consumer confidence index throughout protuberant economies comprising Germany, U.S., Canada, France, India, China and South Korea is expected to drive market growth. Furthermore, amassed demand for advanced features like cruise control will gain demand for automotive radars, therefore propelling the automotive radar market. Presently, on-going innovations in design and functionality have powered investments in the automotive radar market, worldwide.
By the use of radar system installed in a vehicle, one out of three lives can be saved. Deployment of automotive radar systems in commercial and passenger vehicles had started back in 90’s, however due to technological constrains, concentration on future developments slowed down. But, since past few years, active safety technology has emerged as a major area for research has brought automotive radar systems in the focus again. Minimal sized devices with extraordinary operational frequency are being installed in order to serve more than one applications. Additionally, supportive regulatory framework and favourable macro-economic conditions are predicted to generate significant growth opportunity for the market. Further, regulatory approval for radar technology, for instance, 79 GHz band, in emerging markets such as Mexico, India, etc. can create a robust growth opportunities for the market.
However, high initial cost of mechanical and optical parts along with microelectromechanical sensors (MEMS), piezoelectric or micro mirror over pressure sensors can adversely affect the growth of market during the forecast period. Moreover, technical glitches such as threat of mutual interference are projected to moderately impact the adoption of these technologies. The automotive radar market is segmented by type, technology, frequency and applications. According to type, the market is segmented into anti-collision (short-range radar) and automotive cruise control (long range radar). Collision warning system, adaptive parking assistance, cruise control, blind spot detection and lane departure warning systems are the application segments analyzed under application category of automotive radar market. Based on technology, the market is briefly segmented into ultrasonic radar, millimetre wave radar, camera and LiDAR (Light Detection and Ranging). Frequency-wise, the market is segmented into 24, 77 and 79 GHz systems.
Globally, the market is segmented into North America, Europe, Latin America, Middle East & Africa and Asia-Pacific. Europe is anticipated to be the most promising region for automotive radar market owing to the growing demand due to presence of large OEMs in this province. Also, the European commission is expected to utilize short range radar for its countries which would largely contribute to the growth of automotive radar market in this region. Whereas, Asia-Pacific along with Middle East and Africa is expected grow at a significant rate during the forecast period due to decreasing manufacturing cost of these gadgets. The automotive radar market comprises some key players in this market that include Autoliv Inc., Texas Instruments Inc., Delphi Automotive LLP, Analog Devices, Inc., Valeo Group, SaberTek, Inc., Denso Corp., ZF TRW and Robert Bosch GmbH.

Related Reports

Dump Truck Market (By Type: Rear dump trucks, Bottom dump trucks, Lube trucks, Tow trucks, Water trucks, Others; By Engine Capacity: 5Liter, 5L to 10L, More than 10 Liter; By End Use: Military, Construction, Infrastructure, Mining, Agriculture) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Dump Truck Market value is accounted over USD 41,259.8 Million by 2026 and is expected to grow at CAGR 9.1% during the forecast period, 2019-2026. Dump truck is also knows as dumper truck or tipper truck which mainly used to transporting dumps especially for construction. Such truck carries heavy loads and material such as sand, earth and gravel with parts for construction. The dumper typically carries its load or m

Automotive Electronic Control Unit Market (By Technology: Transmission control system, Engine management system, Anti-lock braking system, Climate control system, Power steering system, Airbag restraint system, Body control system; By Application: Utility vehicles, Passenger cars, Commercial vehicles) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Automotive Electronic Control Unit Market is expected to reach over USD 70,986.0 Million by 2026 and is expected to grow at CAGR 6.1% during the forecast period, 2019-2026 Electronic control unit (ECU) is an embedded system that responsible for controlling electrical subsystems in a transport vehicle. Most of the modern motor vehicles have up to 80 ECUs. The development of an ECU unit ma

Automotive Aluminum Market (By End Use: Heavy Commercial Vehicles, Light Commercial Vehicles, Passenger Cars; By Application: Suspension, Powertrain, Body Structure, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction According to Acumen Research and Consulting, the global Automotive Aluminum market is expected to grow at noteworthy CAGR around 8.4 % throughout the forecast period and reach around US$ 62 billion by 2026. It offers great security and durability combined with increased fuel efficiency and decreased emissions as well as offers the most common metal

Autonomous Parking System Market (By Components: Radar, Lidar, Image Sensor, Ultrasonic, Camera, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Autonomous Parking System Market size is expected to reach over 1.8 USD billion by 2026 and is expected to grow at CAGR 15.8% during the forecast period, 2019-2026. Continuously rising vehicle sales across the globe coupled with the increasing concern for the parking spaces have drive the global Autonomous parking system market during the forecast period 2019-2026. Durin

Automotive Sun Visor Market (By Surface Material: Vinyl, Fabric; By Type: LCD Sun Visor, Conventional Type; By Vehicle Type: Commercial Vehicle, Passenger Vehicle, Electric Vehicle; By Sales Channel: Aftermarket, OEM) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Global automotive sun visor market size is accounted over USD 10 billion by 2026 and is expected to grow at CAGR 3.2% during the forecast period 2019 to 2026. Sun visors has become an important part of modern vehicles and they enhance the overall appearance of the vehicle interior. Rising in demand for stylish sun visors, consistent increase in vehicle production across the world, owing to rapid urbanization, and increase in p

Automotive Active Purge Pump Market (By Material Type: Metal, Non Metal; By Components: Dc Motor, Sensors, Actuator, Valves; By Manufacturing Process: Cutting, Vacuum Forming, Injection Molding; By Sales Channel: OEM’s, Aftermarket; By Vehicle Types: Passenger Vehicle, Commercial Vehicle) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global automotive active purge pump market size is expected to reach over USD 4.1 billion by 2026 and will grow at the CAGR of 67.3% from forecast period 2019-2026. An automotive active purge pump is an electrified solution to reduce hydrocarbon evaporative emissions from the vehicle. The automotive active purge pump actively extracts hydrocarbon-laden air from the emission canister that is use

Cart Summary