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India Automotive Radar Market Size, Forecast And Trend Analysis, 2014 - 2025

India Automotive Radar Market Size, Forecast And Trend Analysis, 2014 - 2025

  • July 2018
  • 49 pages
  • ID: 5583919
  • Format: PDF
  • Hexa Research

Summary

Table of Contents

India Automotive Radar Market Size and Forecast by Range (Long Range, Medium & Short Range), by Vehicle Type (Passenger Cars, Commercial Vehicles), by Application, And Trend Analysis, 2014 - 2025

The India automotive radar market size is projected to reach USD 301.3 million by 2025. Growing focus on technological upgradation, increasing sales of vehicles, rising implementation of active safety features, and declining prices of components are expected to drive the market in India over the forecast period. In addition, emergence of and advancements in adaptive cruise control (ACC), collision avoidance systems, automated emergency braking systems, and blind spot detection radar technologies are anticipated to play a pivotal role in the growth of the market over the coming years.

Innovations in radar systems and stringent government regulations are supporting the development of vehicle safety systems and are estimated to augment the India automotive radar market over the forecast period. In addition, advancements in automotive technology and decreasing prices of vehicle electronic are poised to trigger the usage of automotive radar systems.

Growing applications in park assist, blind spot detection, and lane change assist in order to achieve broad vehicle autonomy are likely to boost the demand for medium and short range automotive radars over the forecast period. Increasing research & development activities in order to enhance radar technology and reduction in size of radar systems is projected to cater to surging market demand. Moreover, higher frequency band is expected to gain popularity owing to higher resolution benefits and reduced risk of mutual interference. However, lack of worldwide uniform frequency distribution is estimated to one of the key factors limiting the growth of the market.

According to the Society of Indian Automobile Manufacturers, the growth exhibited by the automobile industry in April–March 2018 was 14.0% higher than what was registered over the same period last year. Increasing demand of passenger vehicle in India is expected to bolster the growth of the automotive radar market over the forecast period. Growing applications of automotive radars in a variety of vehicle safety applications such as blind-spot detection, automatic braking, pedestrian detection, proximity warning, and parking assistance are anticipated to drive automotive radar market over the forecast period.

Adaptive cruise control (ACC) is useful in keeping a check on fuel efficiency, comfort and safety, and vehicle speed limit. According to the World Health Organization, more than 1 million individuals die each year as a result of road traffic crashes and approximately 20 to 50 million people suffer injuries. This has led to an increased focus on prevention of accidents through implementation of active safety measures. Thus, rising focus on prevention of accidents through implementation of active safety measures is expected to stoke the growth of the market in India.

The key market players are HELLA KGaA Hueck & Co.; Texas Instruments Incorporated (TI); Denso Corporation; Robert Bosch GmbH; Continental AG; Valeo; Infineon Technologies AG; NXP Semiconductors; Autoliv Inc.; ZF Friedrichshafen AG. Market players operating in the market are primarily focusing on developing high-performance products. Companies are also increasing their R&D spending in order to develop innovative solutions and gain strategic advantages over competitors. Apart from new product developments and partnerships, dominant market players have adopted mergers & acquisitions as the key strategy to gain traction in the market.

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