Automotive radar is defined as distance sensors which are used to locate objects around the vehicle's proximity. Road traffic crashes have become a major global challenge. Every year millions of people are known to die in road accidents and get seriously injured. This led to the development of significant technology of road safety. The automotive radar technology has been identified as an imperative technique to improve road safety and enhance driving experience. This technology is being widely adopted in passenger cars and commercial vehicle across the globe. Radar is a method of using radio waves which is used to determine the angle, range, and relative speed of objects across its vicinity. In today's vehicle safety systems, radars is used in conjunction with cameras, infrared, ultrasonic and other technologies to acquire information about the vehicle's surroundings. With this information these system can determine a particular driving situation and warn the driver in potential dangerous event. It can also command the vehicle on its own and reduce the accident's severity. These features have brought a new revolution in driving experience which has shifted the trend of advanced driver assistance system (ADAS) to automated driving or auto pilot. Changing vehicle safety regulation, increase in adoption of advanced driver assistance system (ADAS) technology and increasing number of radar sensors used per vehicle are the major growth drivers of the market. Stringent government regulations, mandating rear-view camera system and lane departure warning technologies in vehicles which has also stimulated the growth of the automotive radar market in several countries. In addition, growing adoption of ADAS technology across mid-priced and premium segment vehicle has further fueled the growth of the market on a global scale. However, increase in the overall cost of vehicle and illegalities of radar detectors in some countries are restricting the market growth.
On the basis of range of the radar, the market is segment in Short Range Radar and Medium Range Radar and Long Range Radar. The short-range radar (SRR) system primarily operates at the 24 GHz frequency band and requires a large bandwidth ranging from 3-5 GHz. The Long-range radar (LRR) operates at 77-81 GHz frequency band and showcase the promising future in automotive radar market. In 2017, short and medium range radar held the maximum revenue share and the same is expected to follow during the forecast period (2018-2024). Global automotive radar market is also categorized based on their application areas that include Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Intelligent Parking System (IPS), Blind Spot Detection (BSD), Collision Mitigation System (CMS) and others. Among such applications, adaptive cruise control held the largest market share of the global automotive radar market, followed by blind spot detection and others. Adaptive Cruise control is a luxury feature that allows vehicles cruise control system to adapt the vehicles speed to the traffic environment. The system can increase or decrease the car's speed to maintain a safer distance.
The study also analyses the global automotive radar market across different vehicle types that includes passenger vehicles, luxury vehicles and commercial vehicles. Among different vehicle types, passenger cars held the maximum share in 2017, however due to increase in demand of radar system in high end vehicles, the luxury vehicles segment is anticipated to be the fastest growing market segment growing at a CAGR of 23.3% during the forecast period (2018-2024).
Based on different frequency band, the global automotive radar market is fragmented in 24 GHz and 77 GHz. The 24 GHz is a frequency band which is used in automotive radar. It is a vital component of Short range radar which is primarily being used for basic smart driving features such as blind spot detection and collision avoidance system. In 2017, 24 GHz radar held the maximum market share however due to increase in demand of 77 GHz radar, they are anticipated to be the fastest growing and largest market by 2024. The study also analyses the global automotive radar market across different vehicle types that includes passenger vehicles, luxury vehicles and commercial vehicles. Among different vehicle types, passenger cars held the maximum share in 2017, however due to increase in demand of radar system in high end vehicles, the luxury vehicles segment is anticipated to be the fastest growing market segment growing at a CAGR of 23.3% during the forecast period (2018-2024).
To analyze the growth potential of the automotive radar industry the report is further analyzed based on different geographies and countries including North America (U.S., Canada, Mexico and rest of North America), Europe (Germany, France, U.K., Russia, Italy, Spain and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Taiwan and rest of Asia-Pacific), Latin America (Brazil, Argentina, Chile and rest of Latin America) and Middle East and Africa ( UAE, KSA, Algeria, Kuwait, Egypt, Qatar and rest of MENA). In 2016, North America was the largest market in value terms, owing to the stringent safety regulations in the region. Increased awareness towards safety features has also fueled the demand in the region. The European region is estimated to be the largest market for automotive radar during the forecast period. Substantial build up in this market is mainly due to the adoption of advanced technologies and stringent vehicle safety regulation.
Some of the leading players in the market are Robert Bosch GmbH, HELLA KGaA, Continental AG, Denso Corporation, Aptiv Plc, Valeo S.A., Infineon Technologies AG, Texas Instruments Inc., Analog Devices Inc. and NXP Semiconductors N.V. These players are entering into several competitive strategies (partnerships, merger-acquisitions, joint venture, new product launch, business expansion and others) with each other or other supplier or automotive OEMs to strengthen their position in the Global automotive Radar market.
North America is one of the fastest growing regions for automotive radar market. The region majorly includes countries such as the U.S., Canada and Mexico, among others. The region is home of to some of the leading automotive OEMs and radar system manufacturers. Analog Devices Inc., Texas Instruments Inc., Continental AG, Robert Bosch GmbH, Infineon Technologies AG and Aptiv Plc, among others are some of the most prominent players operating in North America Automotive radar market. Further, the government regulations mandating the use of advanced safety features in vehicles across the region is also fueling the demand of radars in automotive industry. In addition to it, the increased road fatalities, burgeoning urbanization, changing consumer lifestyles, and stimulating demand of radar in luxury vehicle segment are other major factors that are monitoring the growth of North America automotive radar market. On the other side, high installation cost of the automotive radar and ban on radar detectors in some of the states such as Washington DC and Virginia are attributed to be the market restraints hampering the market growth. However the growing interest and funding towards autonomous cars and growth of semiconductor industry working towards this technology in the region are some of the potential business opportunities in the market.
Insights Presented in the Report:
Automotive radar market of North America is segmented based on the range of the radar that includes short and medium range radar (S&MRR) and long range radar (LRR). In 2017, S&MRR segment dominated over LRR, however LRR is anticipated to be the fastest growing segment during the forecast period (2018-2024).
Based on different application areas, the market is categorized as Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Intelligent Parking System (IPS), Blind Spot Detection (BSD), Collision Mitigation System (CMS) and others. Among these application areas, adaptive cruise control is expected to be the largest market during the forecast period.
The study further includes a segmentation of the market across frequency bands that includes 24 GHz and 77 GHz. Due to the high demand for 24 GHz radars in North America, this segment held the highest market share in 2017, however by 2021, the market value of 77 GHz radars is anticipate to exceed the market value of 24 GHz radar and will remain in the same position by 2024.
North America's automotive radar market is fragmented across different vehicle types such as passenger vehicles, luxury vehicles and commercial vehicles. Under this segment, passenger vehicles held the highest market value and the same is anticipated to follow during the forecast period as well. Adding to this, the increase in demand of radar systems in the luxury vehicles segment is expected to propel luxury vehicles segment making it the fastest growing market during the forecast period.
For a deep dive analysis on the North American automotive radar market, a country level segmentation is also incorporated in the study. The segment includes the major countries such as the U.S, Canada, Mexico and rest of North America. The U.S is the biggest market across the region and it is anticipated that the country is hold dominance during the forecast period. The presence of considerable number of automotive electronics manufacturers and automakers which is primarily backed by low-cost manufacturing, free trade agreements, tax structure, economic stability, favourable regulatory framework and others in the country is motoring the growth of the U.S automotive radar market.
Top Companies Profiled:
Some of the major players profiled in the report include Continental AG, Robert Bosch GmbH, Denso Corporation, Delphi Automotive Plc, Infineon Technologies AG, NXP Semiconductors NV, Valeo SA, Analog Devices Inc., Hella KGaA Hueck and Co, and Texas Instruments Inc.
Reasons to buy the Report:
The study includes market sizing and forecasting analysis validated by authenticated key industry experts
The report presents a quick review of overall industry performance at one glance
The report covers in depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies and recent developments
Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry.
Examination of industry attractiveness with the help of Porter's Five Forces analysis
The study comprehensively covers the market across different segments
Deep dive regional level analysis of the industry
Customization Options:
The North America Automotive Radar Market can be customized to country level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.
Table of Contents
1. MARKET INTRODUCTION
1.1 Market Definition 11
1.2 Objective of the Study 11
1.3 Limitation 11
1.4 Stakeholders 11
1.5 Currency used in the Report 12
2. RESEARCH METHODOLOGY OR ASSUMPTION 13
2.1 Secondary Data 13
2.1.1 Key Secondary Sources 13
2.2 Primary Data 13
2.2.1 Sampling Techniques & Data Collection Methods 13
2.2.2 Primary Participants 13
3. REGULATORY FRAMEWORK 14
3.1 General Overview 14
3.1.1 United States Regulation for Automotive Radar 14
3.1.2 Canada Regulation for Automotive Radar 14
3.1.3 Mexico Regulation for Automotive Radar 14
4. INDUSTRY PERFORMANCE 15
5. EXECUTIVE SUMMARY 17
6. MARKET OVERVIEW 20
6.1 Introduction 20
6.2 Market Dynamics 21
6.2.1 Market Drivers 21
6.2.1.1 Stringent Government Regulation Pertaining to Vehicle Safety 21
6.2.1.2 Early Adopters of Modern Vehicular Technology 21
6.2.1.3 Rising Road Fatalities & Increased Adoption of ADAS Technology 22
6.2.1.4 Burgeoning Urbanization & Changing Consumer Lifestyles 23
6.2.1.5 Stimulating Demand for Luxury Segment Vehicles 23
6.2.2 Market Restraints 24
6.2.1.6 Usage of RADAR Detectors Considered as Illegal in Some Countries 24
6.2.1.7 High Installation Cost 24
6.2.3 Opportunities in the Market 25
6.2.1.8 Rising Interest & Funding towards Autonomous Cars 25
6.2.1.9 Presence of Automotive Sensor market 25
6.3 Key Market Indicators (Demand & Supply scenario) 26
6.3.1 Demand and Supply Side Analysis 26
7. MARKET INSIGHTS, BY RADAR RANGE 28
7.1 General Overview 28
7.1.1 Short Range Radar & Mid-Range Radar (S&MRR) 29
7.1.2 Long Range Radar (LRR) 30
8. MARKET INSIGHTS, BY APPLICATION 32
8.1 General Overview 32
8.1.1 Adaptive Cruise Control 33
8.1.2 Autonomous Emergency Braking 34
8.1.3 Intelligent Parking Systems 35
8.1.4 Blind Spot Detection 37
8.1.5 Collision Mitigation System 38
8.1.6 Other Applications 39
9. MARKET INSIGHTS, BY FREQUENCY BAND 42
9.1 General Overview 42
9.1.1 2X-GHz 43
9.1.2 7X-GHz 44
10. MARKET INSIGHTS, BY VEHICLE TYPE 45
10.1 General Overview 45
10.1.1 Passenger Vehicle 46
10.1.2 Luxury Vehicles 47
10.1.3 Commercial Vehicles 49
11. MARKET INSIGHTS, BY COUNTRY 51
11.1 General Overview 51
11.1.1 United States Automotive Radar Market 52
6.2.1.10 US Automotive Radar Market, by Radar Range 53
6.2.1.11 US Automotive Radar Market, by Application 54
6.2.1.12 US Automotive Radar Market, by Frequency Band 54
6.2.1.13 US Automotive Radar Market, by Vehicle Type 55
11.1.2 Canada Automotive Radar Market 55
6.2.1.14 Canada Automotive Radar Market, by Radar Range 56
6.2.1.15 Canada Automotive Radar Market, by Application 57
6.2.1.16 Canada Automotive Radar Market, by Frequency Band 57
6.2.1.17 Canada Automotive Radar Market, by Vehicle Type 58
11.1.3 Mexico Automotive Radar Market 58
6.2.1.18 Mexico Automotive Radar Market, by Radar Range 59
6.2.1.19 Mexico Automotive Radar Market, by Application 60
6.2.1.20 Mexico Automotive Radar Market, by Frequency Band 60
6.2.1.21 Mexico Automotive Radar Market, by Vehicle Type 61
11.1.4 Rest of North America Automotive Radar Market 62
6.2.1.22 Rest of NA Automotive Radar Market, by Radar Range 62
6.2.1.23 Rest of NA Automotive Radar Market, by Application 62
6.2.1.24 Rest of NA Automotive Radar Market, by Frequency Band 63
12. COMPETITIVE SCENARIO 65
12.1 North America Automotive Radar Market Share Analysis, 2017 65
13. COMPANY PROFILES 67
13.1 Continental AG 67
13.1.1 Key Facts 67
13.1.2 Business Description 67
13.1.3 Key Product/Services Offerings 68
13.1.4 Growth Strategy 68
13.1.5 SWOT Analysis 69
13.1.6 Key Financials 69
13.1.6.1 Revenue Split 71
13.1.7 Recent developments 71
13.2 Robert Bosch GmbH 73
13.2.1 Key Facts 73
13.2.2 Business Description 73
13.2.3 Key Product/Services Offerings 74
13.2.4 Growth Strategy 74
13.2.5 SWOT Analysis 75
13.2.6 Key Financials 75
13.2.6.1 Revenue Split 76
13.2.7 Recent developments 77
13.3 Denso Corporation 78
13.3.1 Key Facts 78
13.3.2 Business Description 78
13.3.3 Key Product/Services Offerings 78
13.3.4 Growth Strategy 79
13.3.5 SWOT Analysis 80
13.3.6 Key Financials 80
13.3.6.1 Revenue Split 82
13.3.7 Recent developments 82
13.4 Delphi Automotive Plc 83
13.4.1 Key Facts 83
13.4.2 Business Description 83
13.4.3 Key Product/Services Offerings 84
13.4.4 Growth Strategy 84
13.4.5 SWOT Analysis 85
13.4.6 Key Financials 85
13.4.6.1 Revenue Split 87
13.4.7 Recent developments 87
13.5 Infineon Technologies AG 88
13.5.1 Key Facts 88
13.5.2 Business Description 88
13.5.3 Key Product/Services Offerings 89
13.5.4 Growth Strategy 90
13.5.5 SWOT Analysis 90
13.5.6 Key Financials 91
13.5.6.1 Revenue Split 93
13.5.7 Recent developments 93
13.6 NXP Semiconductors NV 94
13.6.1 Key Facts 94
13.6.2 Business Description 94
13.6.3 Key Product/Services Offerings 95
13.6.4 Growth Strategy 96
13.6.5 SWOT Analysis 96
13.6.6 Key Financials 97
13.6.6.1 Revenue Split 98
13.6.7 Recent developments 98
13.7 Valeo SA 99
13.7.1 Key Facts 99
13.7.2 Business Description 99
13.7.3 Key Product/Services Offerings 100
13.7.4 Growth Strategy 100
13.7.5 SWOT Analysis 101
13.7.6 Key Financials 101
13.7.6.1 Revenue Split 102
13.7.7 Recent developments 103
13.8 Analog Devices Inc. 104
13.8.1 Key Facts 104
13.8.2 Business Description 104
13.8.3 Key Product/Services Offerings 105
13.8.4 Growth Strategy 105
13.8.5 SWOT Analysis 106
13.8.6 Key Financials 106
13.8.6.1 Revenue Split 107
13.8.7 Recent developments 108
13.9 Hella KGaA Hueck and Co 108
13.9.1 Key Facts 108
13.9.2 Business Description 109
13.9.1 Key Product/Services Offerings 109
13.9.2 Growth Strategy 110
13.9.3 SWOT Analysis 111
13.9.4 Key Financials 111
13.9.4.1 Revenue Split 113
13.9.5 Recent developments 113
13.10 Texas Instruments Inc. 114
13.10.1 Key Facts 114
13.10.2 Business Description 114
13.10.3 Key Product/Services Offerings 115
13.10.4 Growth Strategy 115
13.10.5 SWOT Analysis 116
13.10.6 Key Financials 116
13.10.6.1 Revenue Split 118
13.10.7 Recent developments 118
List of Figures
FIG. 1 North America Automotive Radar Market Size, 2014-24 (US$ Mn) 19
FIG. 2 North America Automotive Radar Market Share, by Radar range, 2017 & 2024 (%) 28
FIG. 3 North America Automotive Radar Market Size, by Radar range, 2017-24 (US$ Mn) 28
FIG. 4 North America S&MRR Radar Range Segment Market Size, by Country, 2017-24 (US$ Bn) 30
FIG. 5 North America LRR Radar Range Segment Market Size, by Country, 2017-24 (US$ Mn) 31
FIG. 6 North America Automotive Radar Market Share, by Application, 2017 & 2024 (%) 32
FIG. 7 North America Automotive Radar Market Size, by Application, 2017-24 (US$ Bn) 32
FIG. 8 North America Adaptive Cruise Control Market Size, by Country, 2017-24 (US$ Mn) 34
FIG. 9 North America Autonomous Emergency Braking System Market Size, by Country, 2017-24 (US$ Mn) 35
FIG. 10 North America Intelligent Parking Systems Market Size, by Country, 2017-24 (US$ Mn) 36
FIG. 11 North America Blind Spot Detection Market Size, by Country, 2017-24 (US$ Mn) 37
FIG. 12 North America Collision Mitigation System Market Size, by Country, 2017-24 (US$ Mn) 39
FIG. 13 North America Other Applications Market Size, by Country, 2017-24 (US$ Mn) 41
FIG. 14 North America Global Automotive Radar Market Share, by Frequency Band, 2017 & 2024 (%) 42
FIG. 15 North America Global Automotive Radar Market Size, by Frequency Band, 2017-24 (US$ Bn) 42
FIG. 16 North America 2X-GHz Frequency Band Market Size, by Country, 2017-24 (US$ Mn) 43
FIG. 17 North America 7X-GHz Frequency Band Market Size, by Country, 2017-24 (US$ Mn) 44
FIG. 18 North America Automotive Radar Market Share, by Vehicle Type, 2017 & 2024 (%) 45
FIG. 19 North America Automotive Radar Market Size, by Vehicle Type, 2017-24 (US$ Bn) 45
FIG. 20 Passenger Car Sales in North America, by Country 46
FIG. 21 North America Passenger Vehicle Radar Market Size, by Country, 2017-24 (US$ Mn) 47
FIG. 22 North America Luxury Vehicle Sale, by Brand 2016 (no of unit) 48
FIG. 23 North America Luxury Vehicle Radar Market Size, by Country, 2017-24 (US$ Mn) 48
FIG. 24 Commercial Vehicle Sales in North America, by Country 49
FIG. 25 North America Commercial Vehicle Radar Market Size, by Country, 2017-24 (US$ Mn) 50
FIG. 26 North America Automotive Radar Market Share, by Country, 2017 & 2024 (%) 51
FIG. 27 North America Automotive Radar Market Size, by Country, 2017-24 (US$ Bn) 52
FIG. 28 US Automotive Radar Market Size, by Radar range, 2017-24 (US$ Mn) 53
FIG. 29 US Automotive Radar Market Size, by Application, 2017-24 (US$ Bn) 54
FIG. 30 US Global Automotive Radar Market Size, by Frequency Band, 2017-24 (US$ Bn) 54
FIG. 31 US Automotive Radar Market Size, by Vehicle Type, 2017-24 (US$ Bn) 55
FIG. 32 Canada Automotive Radar Market Size, by Radar range, 2017-24 (US$ Mn) 56
FIG. 33 Canada Automotive Radar Market Size, by Application, 2017-24 (US$ Bn) 57
FIG. 34 Canada Global Automotive Radar Market Size, by Frequency Band, 2017-24 (US$ Bn) 57
FIG. 35 Canada Automotive Radar Market Size, by Vehicle Type, 2017-24 (US$ Bn) 58
FIG. 36 Mexico Automotive Radar Market Size, by Radar range, 2017-24 (US$ Mn) 59
FIG. 37 Mexico Automotive Radar Market Size, by Application, 2017-24 (US$ Bn) 60
FIG. 38 Mexico Global Automotive Radar Market Size, by Frequency Band, 2017-24 (US$ Bn) 60
FIG. 39 Mexico Automotive Radar Market Size, by Vehicle Type, 2017-24 (US$ Bn) 61
FIG. 40 Rest of NA Automotive Radar Market Size, by Radar range, 2017-24 (US$ Mn) 62
FIG. 41 Rest of NA Automotive Radar Market Size, by Application, 2017-24 (US$ Bn) 62
FIG. 42 Rest of NA Global Automotive Radar Market Size, by Frequency Band, 2017-24 (US$ Bn) 63
FIG. 43 Rest of NA Automotive Radar Market Size, by Vehicle Type, 2017-24 (US$ Bn) 64
FIG. 44 North America Automotive Radar Market Share, by Company, 2017 65
FIG. 45 Continental AG, SWOT Analysis 69
FIG. 46 Key Financials of Continental AG 70
FIG. 47 Continental AG Revenue Split, 2018 71
FIG. 48 Bosch, SWOT Analysis 75
FIG. 49 Key Financials of Robert Bosch 76
FIG. 50 Robert Bosch Revenue Split, 2018 77
FIG. 51 Denso Corporation, SWOT Analysis 80
FIG. 52 Key Financials of Denso Corporation 81
FIG. 53 Denso Corporation Revenue Split, 2018 82
FIG. 54 Delphi, SWOT Analysis 85
FIG. 55 Key Financials of Delphi 86
FIG. 56 Delphi Automotive, Revenue Split, 2015 87
FIG. 57 Infineon Technologies, SWOT Analysis 90
FIG. 58 Key Financials of Infineon 92
FIG. 59 Infineon Technologies, Revenue Split, 2018 93
FIG. 60 NXP, SWOT Analysis 96
FIG. 61 Key Financials of NXP 97
FIG. 62 NXP, Revenue Split, 2018 98
FIG. 63 Valeo, SWOT Analysis 101
FIG. 64 Key Financials of Valeo 102
FIG. 65 Valeo, Revenue Split, 2018 103
FIG. 66 Analog Devices, SWOT Analysis 106
FIG. 67 Key Financials of Analog Devices Inc. 106
FIG. 68 Analog Devices, Revenue Split, 2018 107
FIG. 69 Hella KGaA, SWOT Analysis 111
FIG. 70 Key Financials of Hella KGaA 112
FIG. 71 Hella KGaA Revenue Split, 2018 113
FIG. 72 Texas Instruments, SWOT Analysis 116
FIG. 73 Key Financials of Texas Instruments 117
FIG. 74 Texas Instruments Revenue Split, 2018 118
List of Tables
TABLE 1 Continental AG Key Facts 66
TABLE 2 Products segmentation of Continental AG 67
TABLE 3 Continental AG Growth Strategy 67
TABLE 4 Robert Bosch key facts 72
TABLE 5 Products segmentation of Robert Bosch 73
TABLE 6 Bosch Growth Strategy 73
TABLE 7 Denso Corporation Key Facts 77
TABLE 8 Products segmentation of Denso Corporation 77
TABLE 9 Denso Corporation Growth Strategy 78
TABLE 10 Delphi Automotive key facts 82
TABLE 11 Products Segmentation of Delphi Automotive 83
TABLE 12 Delphi Growth Strategy 83
TABLE 13 Infineon Technologies AG key facts 87
TABLE 14 Products segmentation of Infineon Technologies AG 88
TABLE 15 Infineon Technologies Growth Strategy 89
TABLE 16 NXP Semiconductors NV key facts 93
TABLE 17 Products segmentation of NXP Semiconductors NV 94
TABLE 18 NXP Growth Strategy 95
TABLE 19 Valeo SA key facts 98
TABLE 20 Products Segmentation of Valeo SA 99
TABLE 21 Valeo Growth Strategy 99
TABLE 22 Analog Devices Inc. Key Facts 103
TABLE 23 Products Segmentation of Analog Devices Inc. 104
TABLE 24 Analog Devices Growth Strategy 104
TABLE 25 Hella KGaA Hueck key facts 107
TABLE 26 Products segmentation of Hella KGaA Hueck 108
TABLE 27 Hella KGaA Growth Strategy 109
TABLE 28 Texas Instruments Key Facts 113
TABLE 29 Products segmentation of Texas Instruments 114
TABLE 30 Texas Instruments Growth Strategy 114
Continental AG
Robert Bosch GmbH
Denso Corporation
Delphi Automotive Plc
Infineon Technologies AG
NXP Semiconductors NV
Valeo SA
Analog Devices Inc
Hella KGaA Hueck and Co
Texas Instruments Inc.
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