A recent report published by Infinium Global Research on
automotive radar market provides an in-depth analysis of segments and sub-segments
in the global as well as regional automotive radar market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional automotive radar market over the short term as well as long
term. The report is a comprehensive presentation of trends, forecast and dollar
values of global automotive radar market. According to the report, the global
automotive radar market is projected to grow at a CAGR of 22.5% over the
forecast period of 2019-2025.
Automotive radar is used as an advanced driver-assistance
system to locate objects, such as vehicles and pedestrians, in the vicinity of
the car. Its long range is for adaptive cruise control and medium range for
lane change assistance and cross traffic alert and short range for an obstacle
or pedestrian detection and parking aid. A radar consists of a receiver and a
transmitter. The transmitter transmits radio waves that hit an object and
return back to the receiver. By monitoring the direction in which radio waves
are sent and received it is possible to detect objects distance, direction and
speed. New automotive radar solution includes processor, transceiver, power
management IC. The new radar solution is set to accelerate the deployment of
radar into production vehicles as well as lower the cost of development.
Increasing government regulations for road safety due to the
growing number of road accident fuels the growth of the global automotive radar
market. Increasing adoption of the advanced driver-assistance system by the
original equipment manufacturers and the rising number of radar sensors in the
vehicle are the driving factors for the growth of global automotive radar
market. On the other hand, high price associated with automotive radar and
sensors may hamper the growth of the global automotive radar. Furthermore, the
adoption of advanced technologies such as autonomous or unmanned cars creates
an opportunity for the automotive radar market. Government approval on the
radar technology with a frequency of 79 GHz band in the emerging market also
creates an opportunity.
Geographically, Europe region dominates by the largest
market share in automotive radar market due to the adoption of advanced
technologies, concerns about road safety and an increasing number of fleets in
this region. Germany is the leading country for the manufacturing of vehicles.
Furthermore, North America held the second largest market share owing to growth
in the automotive sector. Moreover, the Asia-Pacific region expected to boost
the growth of the automotive radar market due to the development of autonomous
or unmanned vehicles. In Asia-Pacific, China holds the highest share followed
by Japan and India. An increasing number of vehicle sales in China fuels the
growth of automotive radar market.
The report on global automotive radar market covers segments
such as vehicle type, range, frequency band, and application. On the basis of
vehicle type, the sub-markets include passenger vehicle, and commercial
vehicle. On the basis of range, the sub-markets include short-medium, and long.
On the basis of frequency band, the sub-markets include 22 GHz, and 77 GHz. On
the basis of application, the sub-markets include adaptive cruise control,
blind spot detection, intelligent park assist, autonomous emergency braking,
forward collision warning, and other applications.
The report provides profiles of the companies in the market
such as Robert Bosch GmbH, Continental AG, Infineon Technologies AG, Delphi
Technologies, Denso Corporation, NXP Semiconductors N.V., Texas Instruments,
Inc., Valeo Management Services, HELLA KGaA Hueck & Co., and Autoliv Inc.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of automotive
radar market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.