San Francisco, 15
February, Automotive
Radar Market Analysis By Range (Long Range, Medium & Short Range), By
Vehicle Type (Passenger Cars, Commercial Vehicles), By Application, By
Frequency, By Region, And Segment Forecasts, 2018 - 2025
The global automotive radar market is expected to reach USD
12.16 billion by 2025, growing at a CAGR of 20.8%, according to a study
conducted by Grand View Research, Inc. The growing focus on active safety
features, innovations in the radar technology, decreasing prices of components,
and increasing sales of vehicles are the propelling factors for market growth.
Radars play a vital role in detecting objects in various safety systems
including adaptive cruise control, pedestrian detection system, blind spot
detection, and automated emergency braking.
In order to achieve complete
vehicle autonomy, it is essential for automakers to focus on the enhancement of
the radar technology and subsequently on the reduction in the size of radar
systems. One of the major hurdles hampering the growth of automotive radars is
the lack of uniform frequency allocation across the globe. Moreover, the use of
higher frequency band is likely to lead to higher resolution benefits and
promote the use of a single technology for all applications, thereby reducing
the risk of mutual interference. The European Commission has already initiated
the 79 GHz project for vehicular radars, which has been the foundation for the
future development of the automotive radar market.
The market is characterized by
the presence of prominent automotive electronics manufacturers including
Continental AG, Robert Bosch GmbH, Infineon Technologies AG, and Texas
Instruments, among others. Strong R&D capabilities have led to the
development of application-oriented radars. Additionally, they have assisted
radar manufacturers in complying with different frequency standards present in
different countries.
According to the World Health
Organization, globally 1.25 million people suffer from death due to road
traffic crashes each year. Road accidents are likely to become the seventh
leading cause of death by 2030 if appropriate measures to increase vehicle
safety are not taken. Thus, the need to protect drivers and passengers from
potential accidents would play an important role in determining the growth of
the automotive radar market.
Access Full Research
Report On Automotive Radar Market Analysis:
Further key findings from the study suggest:
·
Medium & short range radar
is the fastest growing segment in terms of range, owing to their growing use in
numerous applications, such as blind spot detection, lane change assist, and
park assist, among others.
·
In terms of vehicle types, the
passenger car segment is projected to drive the market, owing to the rising
radar-based safety systems in mid-priced passenger cars.
·
Adaptive Cruise Control (ACC)
is projected to hold the largest market size by 2025 owing to rising safety
concerns among growing automotive markets such as India and China.
·
Increasing efforts from the
National Highway Traffic Safety Administration (NHTSA), the Insurance Institute
for Highway Safety, and prominent automakers operating in the U.S. for
mandating the installation of AEBs in all cars by 2022 are likely to boost the
automotive radar market.
·
The European region held the
largest market size in 2016, which is attributed to the increased stringency in
safety norms and NCAP rating.
·
The Asia Pacific region is
projected to grow at the highest CAGR owing to the rapid adoption of
radar-based safety features and increasing vehicle production.
Browse More Reports Of This Category By Grand View
Research At: www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the
global automotive radar market on the basis of range, vehicle type,
application, and region:
Range Outlook (Revenue, USD
Million; 2014 - 2025)
·
Long Range
·
Medium & Short Range
Vehicle Type Outlook (Revenue,
USD Million; 2014 - 2025)
·
Passenger Cars
·
Commercial Vehicles
Application Outlook (Revenue,
USD Million; 2014 - 2025)
·
Adaptive Cruise Control (ACC)
·
Autonomous Emergency Braking
(AEB)
·
Blind Spot Detection (BSD)
·
Forward Collision Warning (FCW)
·
Intelligent Park Assist
·
Other ADAS
Systems
Regional Outlook (Revenue, USD
Million; 2014 - 2025)
·
North America
o
U.S.
o
Mexico
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
China
o
India
o
Japan
·
South America
o
Brazil
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Press Release of this Report: www.grandviewresearch.com/press-release/global-automotive-radar-market
About Grand
View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
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