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Automotive Radar Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: October, 2022
No of Pages: 159
Delivery Format: PDF+Excel

$2,950.00

Industry Trends

Automotive Radar Market size estimated at around USD 1 billion in 2015, growing at a CAGR of over 15% from 2016 to 2024.

The automotive radar market growth is attributed to the rising investments in the countries including China, Japan, Germany, the UK, India, and the U.S. for the development of the automobile industry. For instance, in February 2016, the UK Connected Intelligent Transport Environment (UK-CITE) project received USD 28.8 million from the government’s intelligent mobility fund. The funding amount was used to develop the next generation of autonomous vehicles. According to the IBEF, the passenger vehicle production in India is expected to increase from 3.4 million in FY 2016 to 10 million in FY2020. Such a profound growth of the automobile sector will lead to the demand for automotive radar systems to support functions such as navigation, surveillance, and traffic monitoring. Radar-enabled driver assistance systems provide deep insights about vehicles surroundings and help drivers to identify potential hazards in advance. With the rising awareness about passenger & vehicle safety, the demand for automotive radar modules and sensors will accelerate over the forecast timeline.

By Application

The parking assistance systems segment will grow at a CAGR of above 15% from 2016 to 2024 due to the growing automotive applications of radar technology including parking assistance, guidance, and reverse warnings. The parking sensors provide real-time alerts to drivers for obstacles, while parking. As soon as the driver activates radar park assistant, proximity sensors calculate the parking maneuver. By following instructions given by the parking assistant, the driver can park his vehicle in the free/allotted parking bay. Huge investments for the development of smart transportation systems will increase the demand for automotive radars to make automated parking possible and assist drivers in parking their vehicles.

By Region

The Asia Pacific automotive radar market growth is driven by the rising initiatives and investments in the automobile industry and an increase in the number of vehicle accidents. It is estimated that around 35 cities in China have approximately 1 million cars on the road, due to which 75% of the roads suffer traffic congestion and accidents. In 2016, around 260,000 travelers in China lost their lives due to auto accidents. To ensure vehicle and driver safety, car manufacturers are deploying automotive radar sensors, which will guide the driver along the route. Companies operating in the market are offering their next-generation transport technologies to improve traffic and foster the overall convenience of transport.

Competitive Market Share

The automotive radar industry comprises established and emerging companies that are investing in their R&D activities to develop new solutions. Some companies are also focusing on geographic expansion to gain a foothold in international markets. For instance, in September 2016, German company Continental expanded its ADAS systems business unit in Asia. The company’s new business unit in China helped in the development of algorithms and components for automated driving systems.

Some of the major companies in the market are Analog Devices, Autoliv, Continental, Delphi Automotive LLP, Denso Corporation, Fujitsu, Infineon Technologies, NXP, Robert Bosch, STMicroelectronics, Texas Instruments, Valeo, and ZF TRW Automotive.

Industry Background

The radar technology is driving the evolution of automotive sensing from a warning to safety systems. Radar systems are acting as important sensors for reliable autonomous vehicle operations and playing a major role in ensuring the safety of vehicles. As the adoption of sensor-based technologies in the automotive sector is increasing, the demand for ADAS systems with integrated radar capabilities will also rise. The rapid growth of the autonomous vehicles market will also support market growth over the forecast timeline.

Report Content

Chapter 1   Methodology & Scope

1.1    Research Methodology

1.1.1    Initial data exploration

1.1.2    Statistical model and forecast

1.1.3    Industry insights and validation

1.1.4    Research scope & assumptions

1.2    Data Sources

Chapter 2   Executive Summary

2.1    Automotive radar industry 3600 synopsis, 2013 – 2024

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Application trends

Chapter 3  Automotive Radar Industry Insights

3.1    Automotive radar industry segmentation

3.2    Industry size and future growth prospects, 2013 – 2024

3.3    Industry ecosystem analysis

3.4    Industry Impact forces

3.4.1    Growth drivers

3.4.1.1    Consumer need for safety

3.4.1.2    Enhanced automobile safety ratings

3.4.1.3    Growing sales of luxury cars

3.4.2    Industry pitfalls and challenges

3.4.2.1    High cost

3.5    Growth potential analysis

3.6    Porter’s analysis

3.7    Company market share analysis, 2015

3.8    PESTEL analysis

Chapter 4  Automotive Radar Application Insights

4.1    Global automotive radar market share by application, 2015 & 2024

4.2    Adaptive Cruise Control (ACC)

4.2.1    ACC market estimates and forecast, 2013 – 2024

4.2.2    ACC market estimates and forecast, by region, 2013 – 2024

4.3    Blind Spot Detection (BSD)

4.3.1    BSD market estimates and forecast, 2013 – 2024

4.4    Forward Collision Warning System (FCWS)

4.4.1    FCWS market estimates and forecast, 2013 – 2024

4.4.2    FCWS market estimates and forecast, by region, 2013 – 2024

4.5    Lane Departure Warning System (LDWS)

4.5.1    LDWS market estimates and forecast, 2013 – 2024

4.5.2    LDWS market estimates and forecast, by region, 2013 – 2024

4.6    Parking Assistance (PA)

4.6.1    PA market estimates and forecast, 2013 – 2024

4.6.2    PA market estimates and forecast, by region, 2013 – 2024

Chapter 5  Automotive Radar Regional Insights

5.1    Global automotive radar market share by region, 2015 & 2024

5.2    North America

5.2.1    North America automotive radar market, 2013 – 2024

5.2.2    North America market estimates and forecast, by application, 2013 – 2024

5.2.3    U.S.

5.2.3.1    U.S. automotive radar market, 2013 – 2024

5.2.3.2    U.S. automotive radar market by application, 2013 – 2024

5.3    Europe

5.3.1    Europe automotive radar market, 2013 – 2024

5.3.2    Europe market estimates and forecast, by application, 2013 – 2024

5.3.3    Germany

5.3.3.1    Germany automotive radar market, 2013 – 2024

5.3.3.2    Germany automotive radar market by application, 2013 – 2024

5.3.4    France

5.3.4.1    France automotive radar market, 2013 – 2024

5.3.4.2    France automotive radar market by application, 2013 – 2024

5.4    Asia Pacific

5.4.1    Asia Pacific automotive radar market, 2013 – 2024

5.4.2    Asia Pacific market estimates and forecast, by application, 2013 – 2024

5.4.3    China

5.4.3.1    China automotive radar market, 2013 – 2024

5.4.3.2    China automotive radar market by application, 2013 – 2024

5.4.4    Japan

5.4.4.1    Japan automotive radar market, 2013 – 2024

5.4.4.2    Japan automotive radar market by application, 2013 – 2024

5.5    Latin America

5.5.1    Latin America automotive radar market, 2013 – 2024

5.5.2    Latin America market estimates and forecast, by application, 2013 – 2024

5.5.3    Brazil

5.5.3.1    Brazil automotive radar market, 2013 – 2024

5.5.3.2    Brazil automotive radar market by application, 2013 – 2024

5.6    MEA

5.6.1    MEA automotive radar market, 2013 – 2024

5.6.2    MEA market estimates and forecast, by application, 2013 – 2024

Chapter 6  Company Profiles

6.1    Analog Devices

6.1.1    Business Overview

6.1.2    Financial Data

6.1.3    Product Landscape

6.1.4    Strategic Outlook

6.2    Autoliv

6.2.1    Business Overview

6.2.2    Financial Data

6.2.3    Product Landscape

6.2.4    Strategic Outlook

6.3    Continental

6.3.1    Business Overview

6.3.2    Financial Data

6.3.3    Product Landscape

6.3.4    Strategic Outlook

6.4    Delphi Automotive LLP

6.4.1    Business Overview

6.4.2    Financial Data

6.4.3    Product Landscape

6.4.4    Strategic Outlook

6.5    Denso Corporation

6.5.1    Business Overview

6.5.2    Financial Data

6.5.3    Product Landscape

6.5.4    Strategic Outlook

6.6    Fujitsu

6.6.1    Business Overview

6.6.2    Financial Data

6.6.3    Product Landscape

6.6.4    Strategic Outlook

6.7    Hella

6.7.1    Business Overview

6.7.2    Financial Data

6.7.3    Product Landscape

6.7.4    Strategic Outlook

6.8    Infineon Technologies

6.8.1    Business Overview

6.8.2    Financial Data

6.8.3    Product Landscape

6.8.4    Strategic Outlook

6.9    NXP

6.9.1    Business Overview

6.9.2    Financial Data

6.9.3    Product Landscape

6.9.4    Strategic Outlook

6.10    Robert Bosch

6.10.1    Business Overview

6.10.2    Financial Data

6.10.3    Product Landscape

6.10.4    Strategic Outlook

6.11    STMicroelectronics

6.11.1    Business Overview

6.11.2    Financial Data

6.11.3    Product Landscape

6.11.4    Strategic Outlook

6.12    Texas Instruments

6.12.1    Business Overview

6.12.2    Financial Data

6.12.3    Product Landscape

6.12.4    Strategic Outlook

6.13    Valeo

6.13.1    Business Overview

6.13.2    Financial Data

6.13.3    Product Landscape

6.13.4    Strategic Outlook

6.14    ZF TRW Automotive

6.14.1    Business Overview

6.14.2    Financial Data

6.14.3    Product Landscape

6.14.4    Strategic Outlook

Data Tables

TABLE 1        Automotive radar industry 3600 synopsis, 2013 – 2024

TABLE 2        Global automotive radar market, 2013 – 2015, (USD Million)

TABLE 3        Global automotive radar market, 2016 – 2024, (USD Million)

TABLE 4        Global market estimates by region, 2013 – 2015 (USD Million)

TABLE 5        Global market estimates by region, 2016 – 2024 (USD Million)

TABLE 6        Global market estimates by application, 2013 – 2015 (USD Million)

TABLE 7        Global market estimates by application, 2016 – 2024 (USD Million)

TABLE 8        Collision avoidance sensor adoption roadmap

TABLE 9        Automotive radar growth drivers

TABLE 10       Luxury car sales (Units)

TABLE 11       Automotive radar industry pitfalls and challenges

TABLE 12       Technology benchmarking

TABLE 13       ACC market estimates and forecast (USD Million), 2013 – 2024

TABLE 14       ACC market estimates and forecast by region (USD Million), 2013 – 2024

TABLE 15       BSD market estimates and forecast (USD Million), 2013 – 2024

TABLE 16       BSD market estimates and forecast by region (USD Million), 2013 – 2024

TABLE 17       FCWS market estimates and forecast (USD Million), 2013 – 2024

TABLE 18       FCWS market estimates and forecast by region (USD Million), 2013 – 2024

TABLE 19       LDWS market estimates and forecast (USD Million), 2013 – 2024

TABLE 20       LDWS market estimates and forecast by region (USD Million), 2013 – 2024

TABLE 21       PA market estimates and forecast (USD Million), 2013 – 2024

TABLE 22       PA market estimates and forecast by region (USD Million), 2013 – 2024

TABLE 23       North America automotive radar market, 2013 – 2024, (USD Million)

TABLE 24       North America automotive radar market by application, 2013 – 2024 (USD Million)

TABLE 25       U.S. automotive radar market, 2013 – 2024, (USD Million)

TABLE 26       U.S. automotive radar market by application, 2013 – 2024 (USD Million)

TABLE 27       Europe automotive radar market, 2013 – 2024, (USD Million)

TABLE 28       Europe automotive radar market by application, 2013 – 2024 (USD Million)

TABLE 29       Germany automotive radar market, 2013 – 2024, (USD Million)

TABLE 30       Germany automotive radar market by application, 2013 – 2024 (USD Million)

TABLE 31       France automotive radar market, 2013 – 2024, (USD Million)

TABLE 32       France automotive radar market by application, 2013 – 2024 (USD Million)

TABLE 33       Asia Pacific automotive radar market, 2013 – 2024, (USD Million)

TABLE 34       Asia Pacific automotive radar market by application, 2013 – 2024 (USD Million)

TABLE 35       China automotive radar market, 2013 – 2024, (USD Million)

TABLE 36       China automotive radar market by application, 2013 – 2024 (USD Million)

TABLE 37       Japan automotive radar market, 2013 – 2024, (USD Million)

TABLE 38       Japan automotive radar market by application, 2013 – 2024 (USD Million)

TABLE 39       Latin America automotive radar market, 2013 – 2024, (USD Million)

TABLE 40       Latin America automotive radar market by application, 2013 – 2024 (USD Million)

TABLE 41       Brazil automotive radar market, 2013 – 2024, (USD Million)

TABLE 42       Brazil automotive radar market by application, 2013 – 2024 (USD Million)

TABLE 43       MEA automotive radar market, 2013 – 2024, (USD Million)

TABLE 44       MEA automotive radar market by application, 2013 – 2024 (USD Million)

Charts & Figures

FIG. 1                Automotive radar industry segmentation

FIG. 2                Global automotive radar market, 2013 – 2024 (USD Million)

FIG. 3                Industry ecosystem analysis

FIG. 4                Industry Impact forces

FIG. 5                Road traffic deaths by type of user

FIG. 6                Growth potential analysis

FIG. 7                Porter’s analysis

FIG. 8                Automotive radar company market share analysis, 2015

FIG. 9                PESTEL analysis

FIG. 10              Automotive radar market share by application, 2015 & 2024

FIG. 11              ACC market estimates and forecast (USD Million), 2013 – 2024

FIG. 12              BSD market estimates and forecast (USD Million), 2013 – 2024

FIG. 13              FCWS market estimates and forecast (USD Million), 2013 – 2024

FIG. 14              LDWS market estimates and forecast (USD Million), 2013 – 2024

FIG. 15              PA market estimates and forecast (USD Million), 2013 – 2024

FIG. 16              Automotive radar market share by region, 2015 & 2024

FIG. 17              North America automotive radar market by application (USD Million), 2013 – 2024

FIG. 18              U.S. automotive radar market by application (USD Million), 2013 – 2024

FIG. 19              Europe automotive radar market by application (USD Million), 2013 – 2024

FIG. 20              Germany automotive radar market by application (USD Million), 2013 – 2024

FIG. 21              France automotive radar market by application (USD Million), 2013 – 2024

FIG. 22              Asia Pacific automotive radar market by application (USD Million), 2013 – 2024

FIG. 23              China automotive production (Million Units), 2009 – 2013

FIG. 24              China automotive radar market by application (USD Million), 2013 – 2024

FIG. 25              Japan automotive radar market by application (USD Million), 2013 – 2024

FIG. 26              Latin America automotive radar market by application (USD Million), 2013 – 2024

FIG. 27              Brazil automotive radar market by application (USD Million), 2013 – 2024

FIG. 28              MEA automotive radar market by application (USD Million), 2013 – 2024

By Application

The parking assistance systems segment will grow at a CAGR of above 15% from 2016 to 2024 due to the growing automotive applications of radar technology including parking assistance, guidance, and reverse warnings. The parking sensors provide real-time alerts to drivers for obstacles, while parking. As soon as the driver activates radar park assistant, proximity sensors calculate the parking maneuver. By following instructions given by the parking assistant, the driver can park his vehicle in the free/allotted parking bay. Huge investments for the development of smart transportation systems will increase the demand for automotive radars to make automated parking possible and assist drivers in parking their vehicles.

Analog Devices, Autoliv, Continental, Delphi Automotive LLP, Denso Corporation, Fujitsu, Infineon Technologies, NXP, Robert Bosch, STMicroelectronics, Texas Instruments, Valeo, and ZF TRW Automotive.

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