Automotive RADAR Market by Range Type & Application - Global Forecast 2021

[189 Pages Report] Automotive RADAR Market report categorizes the global market by Application (FCWS, BSD, and Intelligent Parking Assistance), Range Type (Long Range RADAR and Short & Medium Range RADAR), Frequency (2X-GHz and 7X-GHz), and Region

(EMAILWIRE.COM, November 15, 2018 ) The automotive RADAR market is estimated to be USD 2.27 billion in 2016, and growing at a CAGR of 23.81%. The base year for the report is 2015 and the forecast year is 2021. The objective of the study is to analyze and forecast (2016 to 2021) the market size, in terms of volume (‘000 units) and value (USD million), of the automotive RADAR market. The report segments the market by range, by application, by frequency band, and by vehicle type based on region-namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

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Market Dynamics

Drivers-
Rising government regulations for vehicle safety and increase in adoption of ADAS technology by OEMs
Increased demand for premium segment vehicles
Increase in number of RADAR sensors used per vehicle

Restraints-
Usage of RADAR detectors considered as illegal in some countries
Increase in the overall cost of the vehicle

Opportunities-
Rising trend of autonomous cars
Low penetration in developing markets
Sensor fusion

Challenges-
Electromagnetic jamming and Interface issue
Maintaining the balance between cost and quality
Threat of security

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Blind spot detection market is estimated to account for the largest share in Automotive RADAR Market

The blind spot detection market is estimated to account for the largest share, in terms of volume, of the automotive RADAR based ADAS applications, and is projected to grow at a good rate. For instance the European parliament has mandated the use of Electronic Stability Control (ESC) and Advanced Emergency Braking System (AEBS) since November 2015. The system is expected to be equipped in all new commercial vehicles above 3.5 tons. As per the latest Euro NCAP rating, the models which are having AEB along with other ADAS features such as ACC and FCW, will get better safety ratings. This regulatory move is further expected to drive the RADAR based ADAS market.

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Major Market Developments

In July 2015, Continental AG integrated the 77 GHz RADAR technology from Freescale Semiconductors (U.S.) into the company's next generation short- and mid-range automotive RADAR modules. The next generation of 77 GHz RADAR solutions was built on its existing S32R RADAR microcontroller and MR2001 scalable RADAR transceiver chipset, which was applicable for the ADAS system

In October 2016, Bosch developed Tesla Model S self-driving prototype. It is Australia’s first locally-developed self-driving car. The Bosch prototype comprises six RADARs, six laser sensors (LiDAR), one stereo video camera, and one high precision GPS.

In September 2014, Delphi Automotive PLC developed its first vehicle-to-vehicle and vehicle-to-infrastructure communication technology. Radio signals transmit traffic data from one car to another to alert the driver of potential road hazards.

Key players in the market include Robert Bosch GmbH (Germany), HELLA KGaA (Germany), Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC (U.K.), Autoliv Inc. (Sweden), and Valeo S.A. (France) are the system manufacturers and companies such as Infineon Technologies AG (Germany), NXP Semiconductors N.V. (The Netherlands) are the chip manufacturers in the automotive RADAR market. These players are increasingly undertaking mergers and acquisitions, and product launches to develop and introduce new technologies and products in the market.

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