Automotive Radar Market
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<strong>Automotive</strong> <strong>Radar</strong> <strong>Market</strong>: Recent Industry Trends,<br />
Analysis and Forecast 2026<br />
November 2016<br />
Report Id : REP-GB-1967<br />
Status : Ongoing<br />
Category : <strong>Automotive</strong> & Transportation<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved
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<strong>Automotive</strong> <strong>Radar</strong> <strong>Market</strong><br />
Growing focus on active safety to decrease road accidents has shifted the focus of OEMs towards<br />
developing and incorporating new and advanced automotive radar systems. According to ‘Association for<br />
Safe International Road Travel’ (ASIRT), nearly 3,287 deaths per day are reported globally due to road<br />
accidents. Advancing automotive technology and concern to reduce road mishaps, has raised<br />
expectations for advance systems in vehicles such as automotive radar to improve vehicle safety. These<br />
systems transmits electromagnetic (EM) waves at microwave frequency and gather information with the<br />
help of electronic control unit about the obstacles within the vicinity of the vehicle.<br />
As per the survey conducted by ‘Insurance Institute for Highway Safety’, one out of three lives can be<br />
saved by using radar system in the vehicle. Implementation of automotive radar systems in passenger<br />
and commercial vehicles started in early 90s, however owing to technological limitations, focus on<br />
further advancement slowed over the time. But, over the past decade, where active safety technology<br />
emerged as major hot spot for research, brought automotive radar system in the limelight again. Smaller<br />
devices with high operational frequency are being deployed so as to serve multiple applications.<br />
Furthermore favorable macro-economic and supportive regulatory framework is expected to create<br />
significant opportunity over the next few years. Regulatory approval of upcoming radar technology such<br />
as 79 GHz band radar across emerging markets such as India, Mexico etc. can generate robust growth<br />
opportunities in the market.<br />
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<strong>Automotive</strong> <strong>Radar</strong> <strong>Market</strong><br />
Global <strong>Automotive</strong> <strong>Radar</strong> <strong>Market</strong>: Drivers<br />
No doubt, automotive safety regulations which emphasizes, and even mandates use of such advance<br />
safety technology across regions is expected to drive the demand. Favorable macro-economic<br />
environment such as growing urban population, increasing disposable income, improving employment<br />
rates and consumer confidence index across prominent economies such as U.S., Canada, Germany,<br />
France, China, South Korea and India is anticipate to propel market growth.<br />
Additionally, increasing demand for advanced features such as cruise control will upsurge demand for<br />
automotive radars, thus driving the automotive radar market. Ongoing innovations in the functionality<br />
and designs have fuelled investments in the global automotive radar market.<br />
Global <strong>Automotive</strong> <strong>Radar</strong> <strong>Market</strong>: Restraints<br />
One of the major factor restricting the growth of the global automotive radar market particularly in<br />
emerging region is the high initial cost of the optical and mechanical parts including micro electro<br />
mechanical sensors (MEMS), micro mirrors over pressure or piezoelectric sensors. Moreover, technical<br />
issues such as risk of mutual interference are expected to moderately affect adoption of these<br />
technology.<br />
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<strong>Automotive</strong> <strong>Radar</strong> <strong>Market</strong><br />
Global <strong>Automotive</strong> <strong>Radar</strong> <strong>Market</strong>: Segmentation<br />
The global automotive radar market can be segmented on the basis of type, frequency, technology,<br />
application and regions. On the basis of frequency, the market can be segmented into 24 GHz system, 77<br />
GHz system and 79 GHz system.<br />
By type automotive cruise control (long-range radar) and anti-collision (short-range radar) are the<br />
commonly known automotive radar systems. On the basis of application, the automotive radar market<br />
can be segmented into forward collision warning system, lane departure warning system, parking<br />
assistance, adaptive cruise control (ACC) and blind spot detection. On the basis of technology, the global<br />
automotive radar market can be segmented into millimeter wave radar, ultrasonic radar, LiDAR (Light<br />
Detection and Ranging) and camera.<br />
Global <strong>Automotive</strong> <strong>Radar</strong> <strong>Market</strong>: Region Wise Outlook<br />
On the basis of regions, Europe is expected to be the most promising region due to presence of giant<br />
OEMs. Furthermore, the European Commission’s 79 GHz project to use short range radar equipment for<br />
European countries, fueled penetration of automotive radar systems in the European market. As far as<br />
adoption of these advanced gadgets is concerned, North America is expected to be the next big market.<br />
Asia Pacific is projected to grow at a significant rate during the forecast period and unfold new<br />
opportunities for the market. Low manufacturing cost together with increasing automotive sales is<br />
expected to drive the growth of automotive radar market in Asia Pacific. Middle East & Africa is<br />
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<strong>Automotive</strong> <strong>Radar</strong> <strong>Market</strong><br />
anticipated to exhibit positive growth potential during the forecast period.<br />
Global <strong>Automotive</strong> <strong>Radar</strong> <strong>Market</strong>: Key Players<br />
Some of the key players identified in the global automotive radar market are as follows:<br />
Delphi <strong>Automotive</strong> LLP, Autoliv Inc.<br />
Denso Corp., OmniVision Technologies, Inc.<br />
Robert Bosch GmbH, Texas Instruments Inc.<br />
Valeo Group, ZF TRW<br />
SaberTek, Inc., Analog Devices, Inc.<br />
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