Automotive radar is a car radar system consisting of a transmitter and a receiver. It helps in sensing and locating different objects around the car in real-time using radio waves. The automotive radar reduces the risk of the vehicle’s collision with any pedestrians, objects, or other vehicles, enhancing the driver’s convenience. It is most useful when tackling extreme weather conditions like heavy rain, thunderstorm, and dense fog.
Market Drivers
The global Automotive Radar Market is poised to experience tremendous growth in the forthcoming years due to a wide range of factors. The extensive adoption of radar-based automotive safety systems like Advanced Driver Assistance Systems (ADAS) and Collision Warning Systems (CWS), increasing acceptance of futuristic autonomous vehicles, growing purchase of high-performance electric vehicles, and stringent government norms regarding road safety are the key factors propelling the global market growth. The growth of this market is further attributed to the escalating number of road mishaps, rising need for safer mobility, boom in automobile production, and the expanding transportation & logistics industry.
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Regional Outlook
Among the key regional markets, Europe, followed by the Asia Pacific, is expected to emerge as the most dominant market for automotive radar in the near future. Rising concerns for vehicle safety, enforcement of strict road safety regulations by the European Commission (EC), and a significant rise in automobile sales in the region have fueled this market’s growth. As the Europe automotive radar market’s key growth engine, Germany is home to some globally recognized premium electric automakers, such as Volkswagen, Porsche, and BMW.
Key participants include Continental AG, Robert Bosch GmbH, Infineon Technologies AG, Denso Corporation, Valeo, NXP Semiconductors N.V., Texas Instruments Incorporated, Autoliv Inc., Delphi Technologies, and Hella KGaA Hueck & Co.
For the purpose of this report, Reports and Data have segmented the global automotive radar market on the basis of applications, frequency band, level of vehicle automation, vehicle type, and region:
Applications Outlook (Revenue, USD Billion; Volume, Thousand Unit; 2016-2026)
• Adaptive Cruise Control
• Autonomous Emergency Braking
• Collision Mitigation & Warning System
• Blind Spot Detection
• Turing Assistance
• Rear Clash & Collision Aids
• Parking Control Aids
• Other ADAS
Frequency Band Outlook (Revenue, USD Billion; Volume, Thousand Unit; 2016-2026)
• 24 GHz
• 77 GHz
Level of Vehicle Automation Outlook (Revenue, USD Billion; Volume, Thousand Unit; 2016-2026)
• Level (0-2)
• Level (3-4)
• Level (5-6)
Vehicle Type Outlook (Revenue, USD Billion; Volume, Thousand Unit; 2016-2026)
• Budget Passenger Vehicle
• Mid-Range Passenger Vehicle
• Premium Passenger Vehicle
• Commercial Vehicle
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The report provides critical insights related to the establised companies operating in the Pipe Insulation market. The revenue generated, product range, and financials of each company is included in the report.
Regional Landscape
The regional landscape section of the report provides resourceful insights related to the scenario of the Automotive Radar Market in different regions. Further, the market attractiveness assessment of each region provides players a clear understanding of the overall growth potential in each regional market.
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