Automotive Radar Market Analysis, business, strategy top leaders and forecast 2027

 

During the forecast period, the Automotive Radar market is expected to expand significantly. The Automotive Radar market is divided into three sections: range, application, and region. The Automotive Radar market is further subdivided into short range, medium range, and long range types. Furthermore, the market is divided into Autonomous Emergency Braking (AEB), Intelligent Parking Assistance, Forward Collision Warning System (FCWS), Adaptive Cruise Control (ACC), and Blind Spot Detection (BSD) based on application. The market is further subdivided geographically into North America, Europe, Asia-Pacific, and other regions.

Automotive Radar Market Report Scope and Research Methodology:

The report depicts a clear Automotive Radar Market structure, as well as current market trends and forecasts to identify potential investment areas. It includes historical data, recent technological advancements, the competitive landscape, and government policy, among other market-influencing factors. The Automotive Radar Market report provides clients with information on major drivers, restraints, challenges, and opportunities. To facilitate understanding, the market has been divided into three major segments, each of which has been further subdivided into various sub-segments. The report also includes a segment-by-segment analysis of market growth factors, as well as a competitive analysis of major market players based on their expansion plans, products, investments, pricing, and presence in the Automotive Radar industry.

The information gathered for the Automotive Radar Market report using these methods was combined to produce accurate and error-free conclusions. As part of the primary research, interviews were conducted with subject-matter experts, Automotive Radar industry participants, high-level executives of key market players, industry consultants, and other experts. The market report's PESTLE analysis aids in the development of company strategies. A SWOT analysis was used to determine the market's strengths and weaknesses.

Automotive Radar Market Overview:

The study examines market growth drivers and challenges, as well as company plans, procedures, and a comprehensive financial strategy. Customization and extensive information about Automotive Radar industry potential meet customer expectations. The Automotive Radar Market research investigates the competitive landscape and key players in the industry. This Automotive Radar market study aids in structure planning in light of current industrial conditions.

Automotive Radar market Size is expected to reach US$ 3.24 Bn. in 2027 from US$ 2 Bn. in 2021 at CAGR of 8.35 % during the forecast period.

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Automotive Radar Market Dynamics:

One of the factors driving the Automotive Radar Market is that leading vehicle manufacturers have begun focusing on incorporating a large number of radar sensors on their vehicles in order to obtain 360-degree sensing capabilities from the system. These radar sensors, once installed, become critical for autonomous and semi-autonomous operation. Because such features are in high demand, the majority of manufacturers have heavily invested in research and development work on such driver assistance systems. Road traffic accidents are a leading cause of death all over the world. The number of people killed in car accidents is increasing significantly; approximately 1.3 million people are killed in traffic accidents each year. Furthermore, fatal road traffic injuries are more common among teenagers.

Automotive Radar Market Segmentation:

The automotive radar market is divided into two categories: range and application. The market is further divided into three types based on range: short range, medium range, and long range. During the forecast period, the medium range segment is expected to hold the majority of market share. This is primarily due to the features that are commonly offered by vehicle manufacturers, such as park assist, lane change assist, cross traffic alert, and so on. These features are now more affordable, and the functionality of such systems is greatly enhanced by using more than two radars, which has greatly contributed to the medium range segment's market dominance.

The Automotive Radar Market is divided into Autonomous Emergency Braking (AEB), Intelligent Parking Assistance, Forward Collision Warning System (FCWS), Adaptive Cruise Control (ACC), and Blind Spot Detection (BSD) applications. Adaptive cruise control (ACC) segments hold the highest market share among application types and are expected to do so during the forecast period due to early adoption of this feature in passenger cars in countries such as the United States and Germany. Furthermore, forward collision warning system (FCWS) adoption by manufacturers in China and India is expected to grow significantly.

Automotive Radar Market Key Players:
Analog Devices Inc (USA)
Borgwarner Inc (USA)
Continental AG (Germany)
Denso Corporation (Japan)
NXP Semiconductors (Netherlands)
Robert Bosch GMBH (Germany)
Texas Instruments Incorporated (USA)
Valeo (France)
Veoneer Inc (Sweden)
ZF Friedrichshafen AG (Germany)
Autoliv (Sweden)
Aptive (Ireland)
Hella Gmbh (Germany)
Infineon Technologies AG (Germany)
Aisin Corporation (Japan)

Automotive Radar Market Regional Insights:

Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America comprise the Automotive Radar market. From 2021 to 2029, the report forecasts revenue growth in USD terms at the regional and country levels. The report includes a regional analysis with market size estimates for each region. The study's countries section examines a variety of market elements expected to influence current and future Automotive Radar market trends, as well as changes in market rules at the country level. Some of the primary components used to forecast each country's Automotive Radar market situation are consumption, production location and amount, import/export analysis, pricing analysis, raw material prices, and upstream and downstream value chain analysis.

Key Questions answered in the Automotive Radar Market Report are:

  • What are the Automotive Radar market segments?
  • Which segment in the Automotive Radar market is expected to grow rapidly during the forecast period?
  • Which are the prominent players in the Automotive Radar market?
  • What key trends are expected to emerge in the Automotive Radar market during the forecast period?
  • What was the Automotive Radar market size in 2021?
  • Which region dominated the Automotive Radar market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2027.
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segments with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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About Stellar Market Research

Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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