The automotive radar market was valued at US$ 5,019.01 million in 2019 and is projected to reach US$ 11,640.77 million by 2027; it is expected to grow at a CAGR of 14.9% during 2020–2027. The automotive radar market is driven […]
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The automotive radar market was valued at US$ 5,019.01 million in 2019 and is projected to reach US$ 11,640.77 million by 2027; it is expected to grow at a CAGR of 14.9% during 2020–2027.
The automotive radar market is driven by various factors such as increasing government regulations concerning vehicle safety, rising adoption of premium vehicles, as well as a growing number of radars used in a vehicle. Moreover, the rising production and adoption of electric vehicles (EV) are further expected to support the growth of the automotive radar market. It is anticipated that in the coming years, autonomous driving will be the growing trend. To attain this, several vision technologies have increased intending to deliver functionality as well as safety to the vehicle’s drivers and passengers. Radar systems are considered the most established and trusted technologies among the automotive industry’s various vision technologies. At present, several vehicle manufacturers provide ‘level 3’ automation, wherein drivers are on standby for a certain time. These vehicles are integrated with nearly five radar systems, including SSR and LLR, for applications such as emergency braking or adaptive cruise control.
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Major Players in the market are: Continental AG, Denso Corporation, Aptiv plc, HELLA GMBH & CO. KGAA, Robert Bosch GmbH, VALEO SA, ZF Friedrichshafen AG, Veoneer Inc., Nidec Elesys Corporation
Global Automotive RADAR Market Market: Applications and Types
Automotive Radar Market– by Range
- Long Range Radar (LRR)
- Mid Range Radar (MRR)
- Short Range Radar (SRR)
Automotive Radar Market– by Frequency
- 24 GHz
- 77 GHz
- 79 GHz
Automotive Radar Market– by Application
- Adaptive Cruise Control
- Autonomous Emergency Braking
- Blind Spot Detection
- Forward Collision Warning System
- Intelligent Park Assist
Automotive Radar Market– by Vehicle Type
- Passenger Cars
- Light Commercial Vehicle
- Medium and Heavy Commercial Vehicle
Automotive Radar Market–by Geography
- North America
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- Global Automotive RADAR Market Market: This market research report focuses on Past-Current Size, Price, Trends, Shares, Segment & Forecast 2021-2027.
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This report provides
- An in-depth overview of the global market for Automotive RADAR Market.
- Assessment of the global industry trends, historical data, projections for the coming years, and anticipation of compound annual growth rates (CAGRs) by the end of the forecast period.
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- Discussion of R&D, and the demand for new products launches and applications.
- Wide-ranging company profiles of leading participants in the industry.
- The composition of the market, in terms of dynamic molecule types and targets, underlining the major industry resources and players.
- Study the market in terms of generic and premium product revenue.
- Determine commercial opportunities in the market sales scenario by analyzing trends in authorizing and co-development deals.
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