Automotive Radar Market Size, Share and Forecast 2026
The global Automotive Radar market size was worth USD XX billion in 2018 and is forecasted to reach USD XX billion by 2026, at a CAGR of XX% during the forecast period.
(EMAILWIRE.COM, September 05, 2019 ) Market Overview
• Automotive radar is one of the leading technologies, owing to its high information content, including range and speed detection when compared to many alternative sensors, especially visual sensors.
• Radar is becoming an important automotive technology in recent years. Automotive radar systems are the primary sensors used in adaptive cruise control and are critical sensor systems in Advanced driver assistance systems (ADAS). With more than 1 million annual road fatalities worldwide, safety has become a key focus for the whole automotive industry. According to the survey led by ‘Insurance Institute for Highway Safety’, one out of three people can be protected by having radar system in the vehicle
Market Dynamics
• The Global Automotive Radar market growth is driven by a rise in number of RADAR sensors used per vehicle, rising demand for premium segment vehicles and stringent government safety regulations are the major drivers for the growth of the market. Rising demand for premium segment vehicles is the major driver for market growth.
• Companies are focusing to launch radar safety as a standard feature. For instance, Lexus, the luxury vehicle division of the Japanese automaker Toyota announced that all its vehicles starting with the 2020 model year with radar safety features as a standard. Europe region has witnessed high demands for a premium car compared to other segment vehicles, which is increasing the adoption of radar systems in the region.
Market Segmentation
• Based on the application, the Automotive Radar market is segmented into adaptive cruise control, blind-spot detection, intelligent parking assistance, autonomous emergency braking, and forward-collision warning system. Adaptive cruise control has shown considerable growth in recent years with increasing demand for driver and passenger safety. The Adaptive cruise control segment size was worth USD XX billion in 2018 and is forecasted to reach USD XX billion by 2026, at a CAGR of XX% during the forecast period.
• Adaptive cruise control in road vehicles that automatically adjusts the vehicle speed to maintain a safe distance from vehicles ahead. Automotive radar systems are the primary sensors used in adaptive cruise control and are a critical sensor system in autonomous driving assistance systems. Adaptive cruise control does not provide full autonomy and the system only provides some help to the driver but does not drive the car by itself.
• Based on the frequency type, the Automotive Radar market is segmented into 24-29 GHZ and 77-79 GHz. For short and mid-range products, there’s more diversity with modules powered at 24 and 77 GHz and even 79 GHz. So far, 24-29 GHz has been more common for short-range applications, but 77-79 GHz is gaining traction. Long-range applications have adopted 77-79 GHz frequency worldwide. Regulatory approval of upcoming radar technology such as 79 GHz band radar across emerging markets such as India, Mexico, etc. can generate robust growth opportunities in the market.
• By vehicle type, the Automotive Radar market is segmented into a commercial vehicle and a passenger vehicle. and Based on the range, the Automotive Radar market is segmented into long-range radar and medium & short-range radar.
Geographical Analysis
• The North America Automotive Radar market size was worth USD XX billion in 2018 and is forecasted to reach USD XX billion by 2026, at a CAGR of XX% during the forecast period. North America has grabbed major market share in 2018. As North America is an early adopter of technology owing to its active and advanced R&D base. For instance, as per the study of Auto Alliance, the U.S. approximately accounts for 18% of the overall automotive R&D expenditure in 2018. Furthermore, increasing demand for both semi-autonomous and autonomous cars are driving the growth of the market in North America.
• The Europe Automotive Radar market size was worth USD XX billion in 2018 and is forecasted to reach USD XX billion by 2026, growing at a CAGR of XX% during the forecast period to 2026. An increasing number of radar sensors used for each vehicle is playing a vital role in the growth of the automotive radar market over the forecast period in the Europe region. The growing automotive industry in Europe is also one of the major drivers influencing growth in Europe. In Europe, the New Car Assessment Program (NCAP) is encouraging OEMs to adopt advanced driver-assistance systems (ADAS) in all new cars by implementing stringent safety requirements is likely helpful for the growth of the market.
Company profiles
Some of the major players in the market are
• Continental,
• Infineon Technologies AG,
• NXP Semiconductors N.V.,
• Others
Key Takeaways:
• Globally the car sales are increasing year by year and this is a major reason for the growth of the automotive radar market. For Instance, SUV and crossover sales were up 6.8% in 2018 to a record 29.77 million as they reached a new record market share at 36.4% of the total passenger car market, up 2.6 % points. This is an additional 1.9 million sales in 2017 and this growth is despite slowing overall markets in China, US, and Europe.
• Toyota maintains its position as the bestselling car brand worldwide with a margin of more than 1.3 million sales over Volkswagen, while Ford, Nissan, and Chevrolet were the only brands in the top-10 to see their sales decrease in 2018.
View full sample report: https://www.datamintelligence.com/research-report/automotive-radar-market
Download free sample: https://www.datamintelligence.com/download-sample/automotive-radar-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
• Automotive radar is one of the leading technologies, owing to its high information content, including range and speed detection when compared to many alternative sensors, especially visual sensors.
• Radar is becoming an important automotive technology in recent years. Automotive radar systems are the primary sensors used in adaptive cruise control and are critical sensor systems in Advanced driver assistance systems (ADAS). With more than 1 million annual road fatalities worldwide, safety has become a key focus for the whole automotive industry. According to the survey led by ‘Insurance Institute for Highway Safety’, one out of three people can be protected by having radar system in the vehicle
Market Dynamics
• The Global Automotive Radar market growth is driven by a rise in number of RADAR sensors used per vehicle, rising demand for premium segment vehicles and stringent government safety regulations are the major drivers for the growth of the market. Rising demand for premium segment vehicles is the major driver for market growth.
• Companies are focusing to launch radar safety as a standard feature. For instance, Lexus, the luxury vehicle division of the Japanese automaker Toyota announced that all its vehicles starting with the 2020 model year with radar safety features as a standard. Europe region has witnessed high demands for a premium car compared to other segment vehicles, which is increasing the adoption of radar systems in the region.
Market Segmentation
• Based on the application, the Automotive Radar market is segmented into adaptive cruise control, blind-spot detection, intelligent parking assistance, autonomous emergency braking, and forward-collision warning system. Adaptive cruise control has shown considerable growth in recent years with increasing demand for driver and passenger safety. The Adaptive cruise control segment size was worth USD XX billion in 2018 and is forecasted to reach USD XX billion by 2026, at a CAGR of XX% during the forecast period.
• Adaptive cruise control in road vehicles that automatically adjusts the vehicle speed to maintain a safe distance from vehicles ahead. Automotive radar systems are the primary sensors used in adaptive cruise control and are a critical sensor system in autonomous driving assistance systems. Adaptive cruise control does not provide full autonomy and the system only provides some help to the driver but does not drive the car by itself.
• Based on the frequency type, the Automotive Radar market is segmented into 24-29 GHZ and 77-79 GHz. For short and mid-range products, there’s more diversity with modules powered at 24 and 77 GHz and even 79 GHz. So far, 24-29 GHz has been more common for short-range applications, but 77-79 GHz is gaining traction. Long-range applications have adopted 77-79 GHz frequency worldwide. Regulatory approval of upcoming radar technology such as 79 GHz band radar across emerging markets such as India, Mexico, etc. can generate robust growth opportunities in the market.
• By vehicle type, the Automotive Radar market is segmented into a commercial vehicle and a passenger vehicle. and Based on the range, the Automotive Radar market is segmented into long-range radar and medium & short-range radar.
Geographical Analysis
• The North America Automotive Radar market size was worth USD XX billion in 2018 and is forecasted to reach USD XX billion by 2026, at a CAGR of XX% during the forecast period. North America has grabbed major market share in 2018. As North America is an early adopter of technology owing to its active and advanced R&D base. For instance, as per the study of Auto Alliance, the U.S. approximately accounts for 18% of the overall automotive R&D expenditure in 2018. Furthermore, increasing demand for both semi-autonomous and autonomous cars are driving the growth of the market in North America.
• The Europe Automotive Radar market size was worth USD XX billion in 2018 and is forecasted to reach USD XX billion by 2026, growing at a CAGR of XX% during the forecast period to 2026. An increasing number of radar sensors used for each vehicle is playing a vital role in the growth of the automotive radar market over the forecast period in the Europe region. The growing automotive industry in Europe is also one of the major drivers influencing growth in Europe. In Europe, the New Car Assessment Program (NCAP) is encouraging OEMs to adopt advanced driver-assistance systems (ADAS) in all new cars by implementing stringent safety requirements is likely helpful for the growth of the market.
Company profiles
Some of the major players in the market are
• Continental,
• Infineon Technologies AG,
• NXP Semiconductors N.V.,
• Others
Key Takeaways:
• Globally the car sales are increasing year by year and this is a major reason for the growth of the automotive radar market. For Instance, SUV and crossover sales were up 6.8% in 2018 to a record 29.77 million as they reached a new record market share at 36.4% of the total passenger car market, up 2.6 % points. This is an additional 1.9 million sales in 2017 and this growth is despite slowing overall markets in China, US, and Europe.
• Toyota maintains its position as the bestselling car brand worldwide with a margin of more than 1.3 million sales over Volkswagen, while Ford, Nissan, and Chevrolet were the only brands in the top-10 to see their sales decrease in 2018.
View full sample report: https://www.datamintelligence.com/research-report/automotive-radar-market
Download free sample: https://www.datamintelligence.com/download-sample/automotive-radar-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results