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Automotive Radar Market, By Range Type (Long Range RADAR (LRR) and Short & Mid-Range RADAR (S&MRR), By Frequency Type ( 2X-GHZ and 7X GHz), By Application (Adaptive Cruise Control, Autonomous Emerging Braking, Blind Spot Detection, and Forward Collision Warning System), By Vehicles (Commercial Vehicles, Economic Passenger Vehicle, Luxury Passenger Vehicles, and Mid-Price Passenger Vehicle), By Distribution Channel (OEM and Aftermarket), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa)- Size, Share Outlook, and Opportunity Analysis, 2018-2026.
Automotive radars are used to detect vehicle speed and movement in and around the car in which they are installed. Automotive radar is made up of a radio transmitter and a receiver, both of which operate on radio waves. The transmitter emits short radio waves which travel to the receiver and bounce back, thereby determining the exact positions of the objects, their speed, and direction. These devices are increasingly used by police officers and other emergency services as well as by ordinary citizens, and in general for personal and security purposes. There are different types of automotive radar and each one is suited to a particular purpose. For instance, a radar gun may be designed for short-range detection of vehicles in very close proximity. If the vehicle being detected is moving at a very fast speed, then it will be easily detectable by these radar guns. However, if the same vehicle were to move at a slow rate, then the radar gun would not be able to keep track of it because of the short range of the radio waves emitted.
Major players operating in the global automotive radar market include NXP Semiconductors N.V., Infineon Technologies AG, Valeo S.A., Autoliv Inc., Delphi Automotive PLC, Denso Corporation, Continental AG, HELLA KGaA, and Robert Bosch GmbH.
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Increasing car ownership in the world is the main factor that is expected to boost the growth of the global automotive radar market. For instance, according to ValuePenguin Inc., currently around 14.6% of the world own cars. Automotive radar systems can also detect and track boats and any other moving vehicle. Some of these radar products are also designed to work in water and even have the capacity to detect land-based ships and airplanes. There are various models and brands available in the market and most of them are quite capable of providing users with the desired level of performance that they need. It is important for them to choose one that is best suited for their needs so that they do not end up wasting money on something that is not suitable for their needs. Moreover, increasing product launches by key market players are estimated to augment the growth of the global automotive radar market.
Geographically, the report examines production, consumption, revenue, market share, growth rate, and forecasts for the following regions:
North America (United States, Canada)
Asia Pacific ( China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
The Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)
Increasing COVID positive cases in the world has significantly affected the growth of the global automotive radar market. For instance, according to Our World in Data, the 7-day average of COVID positive cases in the world, in December 2020 was around 596,541. Moreover, travel restrictions and lockdown measures have also affected the processes of the production units.
Some of the important questions answered in this report include:
What are the top five Automotive Radar Market players?
What will the Automotive Radar Market look like in the following years?
Which product and application will dominate the Automotive Radar Market?
What are the Automotive Radar Market’s drivers and restraints?
Which regional market will represent the highest growth?
What will be the CAGR and market size of the Automotive Radar Market over the forecast period?
What is the present market size, what will it be in 2029, and what will be the growth rate?
What are the constraints to market growth?
What market opportunities and risks do the key companies face?
Who are the main competitors, and what is their strategic approach?
What are the market’s entry challenges for new players?
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Detailed TOC of Automotive Radar Market Forecast Report:
1.1 Product Overview and Scope of Automotive Radar Market
1.4 Global Market, Region Wise (2017-2022)
1.5 Global Market Size of Automotive Radar Market (2017-2029)
2 Global Automotive Radar Market Landscape by Player
2.1 Global Automotive Radar Market Sales and Share by Player (2017-2022)
2.2 Global Revenue and Market Share by Player (2017-2022)
2.3 Global Average Price by Player (2017-2022)
2.4 Global Gross Margin by Player (2017-2022)
2.5 Manufacturing Base Distribution, Sales Area and Product Type by Player
2.6 Market Competitive Situation and Trends
3 Automotive Radar Market Upstream and Downstream Analysis
3.2 Key Raw Materials Suppliers and Price Analysis
3.3 Key Raw Materials Supply and Demand Analysis
3.5 Market Concentration Rate of Raw Materials
3.7 Value Chain Status Under COVID-19
4 Automotive Radar Market Manufacturing Cost Analysis
4.2 Automotive Radar Market Key Raw Materials Cost Analysis
Market Scale and Segment Analysis:
Short & Mid-Range RADAR (S&MRR)
The size of the global automotive radar market is assessed to increase at a CAGR of 23.81% and is projected to reach around US$ 6.61 billion by the year 2021, owing to the increasing sales of cars in the world. For instance, according to Worldometers, in 2018, there were more than 1 billion passenger cars in the world.
The Asia Pacific is expected to hold a major share of the global automotive radar market, owing to the increasing prevalence of car manufacturers in the region, especially in developing nations. For instance, according to Mr. E by EasyLeadz, there are over 14,000 automobile companies in India.
North America is estimated to witness high growth in the global automotive radar market, owing to the increasing sales of automobiles in the region. For instance, according to American Automobile Association, in 2020 there were around 286.9 million registered cars in the United States.
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The post Automotive Radar Market Growth Drivers 2022, Industry Share Size, Global Demand, Emerging Trends, and SWOT Analysis 2030, Opportunities, Key Players Strategies | Delphi Automotive PLC, Denso Corporation, Continental AG. appeared first on Gatorledger.
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