Automotive Radar Applications Market Overview
Automotive radars are a type of technology that is used to direct the accelerator and braking systems of vehicles in advanced cruise control systems. It can even help keep a safe gap between two vehicles. The radar sensor records important data such as range, doppler velocity, and angle. The data is utilized to better assess the driving scenario and alert the driver to any potential risks. The global Automotive Radar Applications market is expected to rise at a significant rate in the forecast period. The rising automotive industry worldwide is one of the most important reasons to escalate the growth of the global Automotive Radar Applications market. Furthermore, the growing adoption of advanced automotive safety systems in vehicles is also boosting the growth of the market at a higher level.
On the negative side, an increase in the overall cost of the car is projected to hamper the growth of the global Automotive Radar Applications market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Application, Frequency, Technology, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Robert Bosch GmbH, Panasonic Corporation, Valeo, Hella KGaA Hueck & Co, TRW Automotive, Continental AG, Fujitsu Ten Ltd, Denso, Sabertek, Delphi. |
Covid-19 Impact on Automotive Radar Applications Market
The outbreak of the covid-19 has a severe and swift impact on the automobile and transportation industry. This is majorly due to the shutdown of assembly plants in the US, interruptions across Europe in large-scale manufacturing, and disruption in the export of Chinese parts. In addition to this, the industry is dealing with reduced demand across the globe due to changes in customer behavior and shifts in a supply-demand chain. A recent study shows a 39% decline in sales of automotive all over the world. Moreover, the nationwide lockdowns have substantially affected the transportation sector. Restrictions on transportation accounted for a 45 to 55% decline in public as well as private transport sectors.
Automotive Radar Applications Market Segment Overview
Based on Application, the Adaptive Cruise Control (ACC) segment held the major market share and is anticipated to witness substantial growth in terms of value in the forecast period. This is due to the increasing demand for a safe, relaxed, and comfortable driving experience. The adaptive cruise control (ACC) system supports decreasing stress for the driver by automatically controlling vehicle speed and maintaining a predefined minimum distance to the preceding vehicle. As a result, the driver is more comfortable and can concentrate better on the traffic.
By Frequency, 24 GHz is the largest segment in the market. Furthermore, the 24 GHz radars are employed in ADAS applications to sense the environment around the vehicle and provide a proven and cost-effective solution. Blind-spot detection, rear cross-traffic alerts, and accident avoidance are among the capabilities that 24 GHz radar systems are designed to provide. As a result of these safety features, the 24GHz category is becoming more popular in passenger cars and commercial vehicles around the world.
Automotive Radar Applications Market, By Application
· Adaptive Cruise Control (ACC)
· Blind-Spot Detection (BCD)
· Forward Collision Warning System (FCWS)
· Lane Departure Warning System (LDWS)
· Parking Assistance (PA)
Automotive Radar Applications Market, By Frequency
· 24 GHz
· 77 GHz
· 79 GHz
Automotive Radar Applications Market, By Technology
· Lidar
· Millimeter-Wave Radar
· Camera
· Ultrasonic Radar
Automotive Radar Applications Regional Overview
In terms of region, Europe holds a major portion of the global Automotive Radar Applications market and is expected to grow at a stable rate throughout the projected period to maintain its dominance. One of the most important factors supporting favourable growth in Europe is the region's growing automotive industry. Furthermore, the increasing number of radar sensors used in each vehicle is expected to contribute to the growth of the European automotive radar applications market over the forecast period. Further, North America is another key region in the global automotive radar applications market. The region is expected to grow at a rapid rate in the next years. In the future years, rising demand for semi-autonomous and autonomous cars is expected to have a favourable impact on the regional market. Moreover, the market in the Asia Pacific is expected to grow at considerable rate in the forecast period. Countries like Japan, China, South Korea, and others are among the major fast-growing emerging countries that are predicted to make a significant contribution to the Asia Pacific market's overall growth.
Automotive Radar Applications Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Automotive Radar Applications Market, Key Players
· Robert Bosch GmbH
· Panasonic Corporation
· Valeo
· Hella KGaA Hueck & Co
· TRW Automotive
· Continental AG
· Fujitsu Ten Ltd
· Denso
· Sabertek
· Delphi
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Automotive Radar Applications market?
The rising automotive industry worldwide is one of the most important reasons to escalate the growth of the global Automotive Radar Applications market
Q2. What are the restraining factors for the Automotive Radar Applications market?
The increase in the overall cost of the car is projected to hamper the growth of the global Automotive Radar Applications market.
Q3. Which segment is projected to hold the largest share in the Automotive Radar Applications Market?
Adaptive Cruise Control (ACC) segment is projected to hold the largest share in the Automotive Radar Applications Market.
Q4. Which are the major region for the Automotive Radar Applications market?
North America, Europe, and the Asia Pacific are the most prominent region for the Automotive Radar Applications market.
Q5. Which are the prominent players in the Automotive Radar Applications Market?
Robert Bosch GmbH, Panasonic Corporation, Valeo, Hella KGaA Hueck & Co, TRW Automotive, Continental AG, Fujitsu Ten Ltd, Denso, Sabertek, Delphi. are some key players in the Automotive Radar Applications Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Automotive Radar Applications Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Application
- 5.2.1. Adaptive Cruise Control (ACC)
- 5.2.2. Blind-Spot Detection (BCD)
- 5.2.3. Forward Collision Warning System (FCWS)
- 5.2.4. Lane Departure Warning System (LDWS)
- 5.2.5. Parking Assistance (PA)
- 5.3. Market Analysis, Insights and Forecast – By Frequency
- 5.3.1. 24 GHz
- 5.3.2. 77 GHz
- 5.3.3. 79 GHz
- 5.4. Market Analysis, Insights and Forecast – By Technology
- 5.4.1. Lidar
- 5.4.2. Millimeter-Wave Radar
- 5.4.3. Camera
- 5.4.4. Ultrasonic Radar
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Automotive Radar Applications Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Application
- 6.2.1. Adaptive Cruise Control (ACC)
- 6.2.2. Blind-Spot Detection (BCD)
- 6.2.3. Forward Collision Warning System (FCWS)
- 6.2.4. Lane Departure Warning System (LDWS)
- 6.2.5. Parking Assistance (PA)
- 6.3. Market Analysis, Insights and Forecast – By Frequency
- 6.3.1. 24 GHz
- 6.3.2. 77 GHz
- 6.3.3. 79 GHz
- 6.4. Market Analysis, Insights and Forecast – By Technology
- 6.4.1. Lidar
- 6.4.2. Millimeter-Wave Radar
- 6.4.3. Camera
- 6.4.4. Ultrasonic Radar
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Automotive Radar Applications Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Application
- 7.2.1. Adaptive Cruise Control (ACC)
- 7.2.2. Blind-Spot Detection (BCD)
- 7.2.3. Forward Collision Warning System (FCWS)
- 7.2.4. Lane Departure Warning System (LDWS)
- 7.2.5. Parking Assistance (PA)
- 7.3. Market Analysis, Insights and Forecast – By Frequency
- 7.3.1. 24 GHz
- 7.3.2. 77 GHz
- 7.3.3. 79 GHz
- 7.4. Market Analysis, Insights and Forecast – By Technology
- 7.4.1. Lidar
- 7.4.2. Millimeter-Wave Radar
- 7.4.3. Camera
- 7.4.4. Ultrasonic Radar
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Automotive Radar Applications Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Application
- 8.2.1. Adaptive Cruise Control (ACC)
- 8.2.2. Blind-Spot Detection (BCD)
- 8.2.3. Forward Collision Warning System (FCWS)
- 8.2.4. Lane Departure Warning System (LDWS)
- 8.2.5. Parking Assistance (PA)
- 8.3. Market Analysis, Insights and Forecast – By Frequency
- 8.3.1. 24 GHz
- 8.3.2. 77 GHz
- 8.3.3. 79 GHz
- 8.4. Market Analysis, Insights and Forecast – By Technology
- 8.4.1. Lidar
- 8.4.2. Millimeter-Wave Radar
- 8.4.3. Camera
- 8.4.4. Ultrasonic Radar
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Automotive Radar Applications Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Application
- 9.2.1. Adaptive Cruise Control (ACC)
- 9.2.2. Blind-Spot Detection (BCD)
- 9.2.3. Forward Collision Warning System (FCWS)
- 9.2.4. Lane Departure Warning System (LDWS)
- 9.2.5. Parking Assistance (PA)
- 9.3. Market Analysis, Insights and Forecast – By Frequency
- 9.3.1. 24 GHz
- 9.3.2. 77 GHz
- 9.3.3. 79 GHz
- 9.4. Market Analysis, Insights and Forecast – By Technology
- 9.4.1. Lidar
- 9.4.2. Millimeter-Wave Radar
- 9.4.3. Camera
- 9.4.4. Ultrasonic Radar
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Robert Bosch GmbH
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Panasonic Corporation
- 10.6. Valeo
- 10.7. Hella KGaA Hueck & Co
- 10.8. TRW Automotive
- 10.9. Continental AG
- 10.10. Fujitsu Ten Ltd
- 10.11. Denso
- 10.12. Sabertek
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
