Global Automotive Radar Market To Witness Protruding Growth With US$3,850.1 Million USD in 2027

November 2021 | Report Format: Electronic (PDF)

The rising emphasis on active security features, advancements in radar science, lower component costs, and increased auto sales are driving market expansion. Radars are critical in identifying objects in a variety of safety mechanisms, including speed controlling, pedestrian identification, blind spot identification, and automatic emergency stopping.

To achieve total vehicle mobility, automakers must prioritize the advancement of radar technology, followed by the decrease in the size of radars. The absence of standardized frequency licensing around the globe is among the primary impediments to the expansion of automobile radars. Furthermore, the adoption of a greater frequency range is anticipated to result in greater resolution advantages and encourage the adoption of a particular technology with all operations, decreasing the danger of causing interference. As per the WHO, highway traffic accidents kill 1.25 million individuals worldwide each year. If necessary steps to improve car safety are not implemented, traffic deaths are on track to become the sixth major incidence of death before 2030. As a result, the necessity to safeguard drivers and customers from possible accidents will be a major factor in influencing market growth.

The presence of significant automotive electronics companies such as Infineon Technologies AG, Robert Bosch GmbH, Continental AG, and Texas Instruments, and more, characterizes the industry. Strong research and development skills have resulted in the creation of implementation radars. Furthermore, they have aided radar manufactures in conforming to various frequency requirements that exist in various nations.

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Automotive Radar Market Report Highlights

• Because of its expanding use in a variety of applications like as blind sense of perception, lane - changing assist, and parking assist, among many others, short and medium distance radar is indeed the booming industry in respect of range.
• Various strategic initiatives were recorded over the past few years to boost the growth of the market
• Deutsche Bank and NXP Semiconductors co-hosted a press conference with new buyers in August 2020 to offer some in overview on NXP's vehicle radar solutions.
• Tesla has created an ingenious in-car radar technology that, between other things, can identify youngsters who have been forgotten inside a heated vehicle.
• Because of the quick implementation of radar-based security features and increased vehicle manufacturing, the Asia Pacific area is expected to expand at the fastest CAGR.

AUTOMOTIVE RADAR MARKET SEGMENTATION

The research report published by Market Research Strategy contains industry segments, as below-

Automotive Radar Range Outlook (Revenue, USD Million, 2016 - 2027)

• Short
• Medium
• Long

Automotive Radar Application Outlook (Revenue, USD Million, 2016 - 2027)

• Adaptive Cruise Control (ACC)
• Forward-Collision Warning System (FCWS)
• Autonomous Emergency Braking (AEB)
• Blind Spot Detection (BSD)
• Intelligent Parking Assistance

Automotive Radar Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America (U.S., and Canada)
• Europe (Germany, U.K., France, Italy, Spain etc.)
• Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
• South America (Brazil, Mexico, Argentina etc.)
• Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

List of Key Players- Automotive Radar Market

• Nidec Elesys Corporation
• TungThih Electronic Co., Ltd.
• ANALOG DEVICES INC
• BORGWARNER INC
• Robert Bosch GmbH
• VEONEER INC
• Denso Corporation
• Autoliv Inc
• Valeo SA
• Aptiv
• NXP Semiconductors
• Texas Instruments Incorporated
• ZF Friedrichshafen AG
• Infineon Technologies AG

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