Automotive Radar Industry Forecast
MarketStudyReport.com offers 2024 report on global Automotive Radar market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2017-2024.
Automotive Radar Market size is expected to reach USD 8.98 billion by 2024; according to a new research report. Favorable government initiatives that mandate the incorporation of safety and control systems into automobiles to reduce the number of road accidents and related casualties will drive demand. Growing sales of motor vehicles, especially luxury cars have significantly spurred revenue growth. Economic factors such as low interest rates and rise in disposable income have positively contributed towards increase in auto sales. Introduction of advanced driver assistance systems (ADAS) in passenger cars could offer significant growth opportunity for the automotive radar market size.High frequency radar systems in the 79GHz band tend to perform better than the standard 24 GHz and 76 GHz bands as they offer greater capability and reduces device size. Sensing technologies enable lane keeping, driver assistance and forward collision warning alerts. Additionally, they constitute for advanced systems such as automatic emergency braking. The automotive radar market share is characterized by outsourcing of manufacturing process to low-cost countries to leverage low labor costs. The U.S. FMCSA (Federal Motor Carrier Safety Administration) has collaborated with the truck industry for testing and evaluating the use of on-board safety systems in order to reduce the severity and number of commercial motor vehicle crashes. Innovation in image sensing technology and falling prices of cameras are driving the adoption of camera-based sensors worldwide.
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BSD (blind spot detection) system generates alert signals whenever other vehicle arrives into the blind region providing more time for drivers to react against obstacles that are not clearly visible in the rearview mirror.
China accounted for more than 45% of the overall Asia Pacific automotive radar market share in 2015. Growth across the region can be dedicated to potential automotive sales as well as production through 2024.
Germany automotive radar market size was valued is forecast to exceed USD 500 million by 2024. Existence of major automobile manufactures in the region will drive growth prospects.
Sensor manufacturers establish relationships with several wafer foundries, test and assembly subcontractors to enhance cost effectiveness and provide flexibility in meeting the manufacturing needs.
Key automotive radar market players are NXP, Infineon, and STM. Other major players in the industry include Valeo, ZF TRW Automotive, Texas Instruments, Hella, Robert Bosch, Fujitsu, Delphi Automotive, Denso, Autoliv, and Continental.
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Table of Content:
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Research scope & assumptions
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Automotive radar industry 360 degree synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Application trends
Chapter 3 Automotive Radar Industry Insights
3.1 Automotive radar industry segmentation
3.2 Industry size and future growth prospects, 2013 – 2024
3.3 Industry ecosystem analysis
3.4 Industry Impact forces
3.4.1 Growth drivers
188.8.131.52 Consumer need for safety
184.108.40.206 Enhanced automobile safety ratings
220.127.116.11 Growing sales of luxury cars
3.4.2 Industry pitfalls and challenges
18.104.22.168 High cost
3.5 Growth potential analysis
3.6 Porter’s analysis
3.7 Company market share analysis, 2015
3.8 PESTEL analysis
Chapter 4 Automotive Radar Application Insights
4.1 Global automotive radar market share by application, 2015 & 2024
4.2 Adaptive Cruise Control (ACC)
4.2.1 ACC market estimates and forecast, 2013 – 2024
4.2.2 ACC market estimates and forecast, by region, 2013 – 2024
4.3 Blind Spot Detection (BSD)
4.3.1 BSD market estimates and forecast, 2013 – 2024
4.4 Forward Collision Warning System (FCWS)
4.4.1 FCWS market estimates and forecast, 2013 – 2024
4.4.2 FCWS market estimates and forecast, by region, 2013 – 2024
4.5 Lane Departure Warning System (LDWS)
4.5.1 LDWS market estimates and forecast, 2013 – 2024
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