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Automotive RADAR Market by Range Type, Application, Frequency, Vehicle Type, and Region - Global Forecast to 2021

Automotive RADAR Market: Global Forecast until 2021

  • May 2017
  • 190 pages
  • ID: 4891741
In this report:
The automotive RADAR market for forward collision warning system is expected to grow at a CAGR of ##.##%, from ##.## million units in 2016 to ##.## million units by 2021.
The intelligent parking assistance segment in automotive RADAR market is expected to grow at a CAGR of ##.##%, from ##,##.## thousand units in 2016 to ##,##.## thousand units by 2021.

Summary

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"Increasing stringency of the safety regulations, and increasing focus towards autonomous & semi-autonomous cars to fuel the industry demand for automotive RADAR market"

The overall automotive RADAR market is estimated to grow a market size of ~$6.6B by 2021, increasing at a compound annual growth rate (CAGR) of ~23.8 percent from 2016 to 2021. The main factors driving the increase of this market contain introduction of driver assistance technologies as per government regulations in passenger as well as commercial vehicles and growing awareness about vehicle and pedestrian safety. The increasing trend of autonomous and semi-autonomous vehicles, which use automotive RADAR systems, is also an important factor to be considered.

"The 7X-GHz frequency band RADAR sensor is planned to be the fastest-growing segment"

The 7X-GHz frequency band was forecasted to be the quickest increasing segment of automotive RADAR market in 2016. The 7X-GHz systems are forecast to steer the future RADAR increase as the majority of industry actors are currently working on developing more 7X-GHz systems at a lower cost. The European Commission is also in favor of legalizing the use of 79-GHz RADAR sensor for automotive ADAS applications.

"The Mid-Priced Passenger Vehicle is intended to be the fastest-growing segment"

The mid-priced passenger vehicle type is forecasted to hold the biggest industry size during the outlook period. This is because most of the mid-priced passenger vehicles are being incorporated with the automotive RADAR based ADAS applications, which were initially equipped in luxury vehicles only. The reduced cost of components, together with increased participation of main actors across the eco-system, has also helped to reduce the global cost of RADAR based ADAS features. This has favored the implementation of these features into the mid-priced passenger vehicles at an affordable price.

"EU is forecasted to be the most important area in terms of quantity"

In 2016, the biggest regional market for the automotive RADAR is the european (EU) market, which holds a majority of the market share of the overall automotive RADAR market by value and quantity. The European Commission is also in favor of legalizing the use of RADAR based ADAS applications to rise the vehicle safety. According to the ETSI standard (EN 302 264), the use of short range vehicular RADAR operating in the 77 to 81 GHz frequency range is legalized and do not have any time constraint, neither operative restriction burdens. This has geared-up the ADAS applications in the european area, ultimately impacting the automotive RADAR market.

The market research includes industry insights specified by different market experts, ranging from RADAR manufacturers to automobile OEMs and different automotive associations.

The break-up of the primaries is like:

By Company Type: Tier I - 67.0 percent, Tier II - 25.0 percent and Tier III - 8.0 percent

By Description: C-suite - 25.0 percent, D-suite - 42.0 percent and Grade of manager - 33.0 percent

By area: North america (NA) - 34.0 percent, Europe - 25.0 percent, Asia-Pacific - 33.0 percent, RoW - 8.0 percent

Segment Research

The industry report includes the overall automotive RADAR market established on range type (long range radar, short and medium range radar), application (ACC, AEB, FCWS, BSD, Intelligent Parking Assistance, and Others), by frequency (24-GHz and 7X-GHz), by vehicle type, and area (North America continent, Europe (EU), Asia Pacific (APAC), and RoW).

Why acquiring this study can help you:

The analysis offers business insights about the following parts:

- Business entry: Exhaustive information about automotive RADAR provided by the top actors in the sector

- Regulatory Framework: In-depth understanding into stringent safety norms leading to application of RADAR based ADAS features, and the effect of the regulations on the sector

- Industry development: Highlighted information about several RADAR technology trends. The market research examines the industries for different automotive RADAR technologies across the countries

- Industry diversification: Complete information about emerging technologies, recent evolutions, and market investments in the overall automotive RADAR market

- Opposing assessment: Detailed assessment of strategies, services, and manufacturing competences of key players in the overall automotive RADAR market

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