Global Automotive Radar Market

Automotive Radar Market Size By Application (Adaptive Cruise Control (ACC), Blind Spot Detection (BSD), Lane Departure Warning System (LDWS), Parking Assistance (PA), Forward Collision Warning System (FCWS)), Industry Analysis Report, Regional Outlook (U.S., Germany, France, China, Japan, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

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Industry Analysis
Automotive Radar Market size was valued at over USD 1.9 billion in 2015, with 18.7% CAGR from 2016 to 2024.
Germany Automotive Radar Market size, by application, 2013-2024 (USD Million)

Rising safety needs among consumers will catapult automotive radar market share from 2016 to 2024. In 2015, the U.S. NHTSA (National Highway Traffic Safety Administration) announced mandatory installation of AEBS (Automatic Emergency Braking Systems) into cars beginning with model year 2018 in order to prevent crashes.
Safety has emerged as a primary concern for passengers and pedestrians as the number of road accidents and fatalities continue to rise. According to ASIRT (Association for Safe International Road Travel), around 1.3 million people lose their lives due to road crashes every year, which represent an average of 3,287 deaths per day. Road traffic crashes account for 2.2% of all deaths and is the ninth leading cause of death globally. In order to reduce medical costs, traffic crash prevention has become a prime concern among public around the globe. According to the Insurance Institute for Highway Safety, one out of three fatal crashes can be mitigated if passenger vehicles are equipped with collision avoidance systems.
Sensor systems that offer enhanced safety features mainly include autonomous braking, forward collision warning system, adaptive cruise control, lane departure warning, adaptive headlights, blind spot detection, backup camera, parking assistance, reverse sensors, and side-view assist. Rising consumer awareness regarding features such as high commercial acceptance will drive automotive radar market size over the next eight years.
High price associated with these systems over piezoelectric or pressure sensors could pose a threat to automotive radar market size. Advanced active sensing technology adds to the vehicle cost, making it expensive for both the vehicle manufacturer and consumer. Autonomous and self-driving cars rely on multiple sensors that are not only expensive, but also customized to suit the driverless car system. Advanced sensor systems based on radar, laser or infrared are exclusive and often installed as an add-on to the motor vehicle. Falling sensor prices owing to microprocessor-derived manufacturing methods, improved fabrication techniques, and technological advancements may help overcome high technology cost hindrance through 2024.
Application Analysis
Adaptive cruise control (ACC) accounted over 35% of the overall automotive radar market share in 2015 and is predicted to grow at 17.7% CAGR till 2024. This can be attributed to its flawless ability of monitoring and maintaining user-specified gap between the vehicles ahead. ACC is combination of long, mid and short range radars that is used to transmit data to the control unit. It complements vehicle styling and thus is only available in high-end luxury cars. Blind spot detection (BSD) application is estimated to grow at 19.1% CAGR through 2024. This technology alerts the user when another vehicle enters into the blind spot, providing more time for drivers to react against obstacles which are not clearly visible in the rearview mirror.
Major automakers have started to integrate basic collision avoidance systems into their mass-market models. For instance, Toyota unveiled various technologies that encompass auto-parking, auto-adjust headlamp, pre-crash braking packages, and vehicle communication system to be incorporated into its 2015 models.
Regional Analysis
China automotive radar market share will drive Asia Pacific revenue in the coming years. High vehicle production and sales across the region justifies the industry scenario. Europe automotive radar market share is set to grow at over 17.5% CAGR from 2016 to 2024.
Suppliers focus on developing economical systems that are enough for mass-market vehicles could further catalyze the industry scenario. For instance, in 2013, TRW introduced its low-cost and mid-range radar sensor, ACC 100. The company was awarded a contract for supply of sensors, full system integration and functional development of technology in the Peugeot, Citroen and DS vehicle ranges, with production starting in 2017. Insurance companies are also taking significant interest in commercializing collision avoidance sensors in order to reduce the liability claims caused due to road accidents.
Competitive Market Share
Major industry participants contributing to automotive radar market share include Infineon, STM and NXP. Other prominent players are ZF TRW, Valeo, Texas Instruments, Robert Bosch, Hella, Fujitsu, Denso Corporation, Delphi LLP, Continental, and Autoliv. The industry is characterized by frequent mergers & acquisitions and next generation technology development.
Federal Motor Carrier Safety Administration (FMCSA) has set out a goal to reduce the number and severity of commercial motor vehicle crashes by collaborating with the truck industry in order to facilitate, test and evaluate the use of on-board safety systems. Innovation in image sensing technology and falling camera prices are driving adoption for camera-based sensors over the forecast timeframe. The 3D image sensor by Infineon for automotive applications enables capturing 3D data which can be used for gesture control, driver state monitoring, passenger classification, optimized head-up display visualization and surround view for parking assistance and obstacle detection. Its major implementations are encountered in adaptive cruise control applications in order to detect vehicle skidding on sharp turns. These sensors automatically apply brakes when skidding is detected and the vehicle is automatically controlled.
Market Background
Hardware suppliers provide semiconductor devices, embedded processors, digital signal processors, ICs and related components. Sensors manufacturing often requires raw materials such as silicon wafers, imaging modules, packaging substrates, printed circuit boards and assemblies, mold compound, passive electronic components, and conductive inks. Raw materials are obtained from suppliers located throughout the world. Often materials are supplied on just-in-time basis to meet the current demand.


[tab_title]Table of Contents[/tab_title]



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          List of Data Sources

Chapter 2   Executive Summary

2.1          Automotive radar industry 3600 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          Automotive radar industry dynamics

3.4.1       Growth drivers         Consumer need for safety         Enhanced automobile safety ratings         Growing sales of luxury cars

3.4.2       Industry pitfalls and challenges         High cost

3.5          Key market growth opportunities

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

4.5.2       LDWS market estimates and forecast, by region, 2013 – 2024

4.6          Parking Assistance (PA)

4.6.1       PA market estimates and forecast, 2013 – 2024

4.6.2       PA market estimates and forecast, by region, 2013 – 2024

Chapter 5  Automotive Radar Regional Insights

5.1          Global automotive radar market share by region, 2015 & 2024

5.2          North America

5.2.1       North America automotive radar market, 2013 – 2024

5.2.2       North America market estimates and forecast, by application, 2013 – 2024

5.2.3       U.S.         U.S. automotive radar market, 2013 – 2024         U.S. automotive radar market by application, 2013 – 2024

5.3          Europe

5.3.1       Europe automotive radar market, 2013 – 2024

5.3.2       Europe market estimates and forecast, by application, 2013 – 2024

5.3.3       Germany         Germany automotive radar market, 2013 – 2024         Germany automotive radar market by application, 2013 – 2024

5.3.4       France         France automotive radar market, 2013 – 2024         France automotive radar market by application, 2013 – 2024

5.4          Asia Pacific

5.4.1       Asia Pacific automotive radar market, 2013 – 2024

5.4.2       Asia Pacific market estimates and forecast, by application, 2013 – 2024

5.4.3       China         China automotive radar market, 2013 – 2024         China automotive radar market by application, 2013 – 2024

5.4.4       Japan         Japan automotive radar market, 2013 – 2024         Japan automotive radar market by application, 2013 – 2024

5.5          Latin America

5.5.1       Latin America automotive radar market, 2013 – 2024

5.5.2       Latin America market estimates and forecast, by application, 2013 – 2024

5.5.3       Brazil         Brazil automotive radar market, 2013 – 2024         Brazil automotive radar market by application, 2013 – 2024

5.6          MEA

5.6.1       MEA automotive radar market, 2013 – 2024

5.6.2       MEA market estimates and forecast, by application, 2013 – 2024

Chapter 6  Company Profiles

6.1          Analog Devices

6.1.1       Business Overview

6.1.2       Financial Data

6.1.3       Product Landscape

6.1.4       Strategic Outlook

6.2          Autoliv

6.2.1       Business Overview

6.2.2       Financial Data

6.2.3       Product Landscape

6.2.4       Strategic Outlook

6.3          Continental

6.3.1       Business Overview

6.3.2       Financial Data

6.3.3       Product Landscape

6.3.4       Strategic Outlook

6.4          Delphi Automotive LLP

6.4.1       Business Overview

6.4.2       Financial Data

6.4.3       Product Landscape

6.4.4       Strategic Outlook

6.5          Denso Corporation

6.5.1       Business Overview

6.5.2       Financial Data

6.5.3       Product Landscape

6.5.4       Strategic Outlook

6.6          Fujitsu

6.6.1       Business Overview

6.6.2       Financial Data

6.6.3       Product Landscape

6.6.4       Strategic Outlook

6.7          Hella

6.7.1       Business Overview

6.7.2       Financial Data

6.7.3       Product Landscape

6.7.4       Strategic Outlook

6.8          Infineon Technologies

6.8.1       Business Overview

6.8.2       Financial Data

6.8.3       Product Landscape

6.8.4       Strategic Outlook

6.9          NXP

6.9.1       Business Overview

6.9.2       Financial Data

6.9.3       Product Landscape

6.9.4       Strategic Outlook

6.10        Robert Bosch

6.10.1      Business Overview

6.10.2      Financial Data

6.10.3      Product Landscape

6.10.4      Strategic Outlook

6.11        STMicroelectronics

6.11.1      Business Overview

6.11.2      Financial Data

6.11.3      Product Landscape

6.11.4      Strategic Outlook

6.12        Texas Instruments

6.12.1      Business Overview

6.12.2      Financial Data

6.12.3      Product Landscape

6.12.4      Strategic Outlook

6.13        Valeo

6.13.1      Business Overview

6.13.2      Financial Data

6.13.3      Product Landscape

6.13.4      Strategic Outlook

6.14        ZF TRW Automotive

6.14.1      Business Overview

6.14.2      Financial Data

6.14.3      Product Landscape

6.14.4      Strategic Outlook



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