Global Automotive Radar Market 2018 Key Players are Infineon, STM, NXP, ZF TRW, Valeo, Texas Instruments, Robert Bosch, Hella, Fujitsu, Denso, Delphi LLP, Continental, Autoliv
Automotive Radar Market will increasing technology penetration in the automobile industry over the coming years. Rising concerns over passenger and vehicle safety will build huge growth opportunities for the automotive radar industry. As per Association for Safety International Road Travel (ASIRT), on an annual basis approximately 1.3 million people die as a result of road accidents. To reduce these fatal accidents, cars are featured with collision prevention systems, which in turn will fuel global industry growth trends. According to Global Market Insights, Inc., Automotive radar market size is anticipated to register an annual growth rate of 18.7% over the period of 2016-2024. As per the Insurance Institute for Highway Safety, one of the three fatal accidents can be dodged if collision avoidance systems are incorporated into the vehicles. This will in turn generate heavy surge in the automotive radar business space over the coming years.
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Blind spot detection (BSD) is another lucrative application area of automotive radar market. Automotive radar industry share in BSD industry is anticipated to grow at a rate of 19.1% over the coming seven years, owing to the collision sensing capability of this system, in case some other vehicle enters the blind spot. Automotive radar market size is also witnessing a favorable growth in forward collision warning system (FCWS), owing to the rising norms pertaining to the vehicle safety.
Top Key Players:-
The key players of global Automotive Radar Market are Infineon, STM, NXP, ZF TRW, Valeo, Texas Instruments, Robert Bosch, Hella, Fujitsu, Denso Corporation, Delphi LLP, Continental, and Autoliv.
Asia Pacific automotive radar industry will attain significant growth over the estimated period, driven by the rapid expansion of the automotive industry across this region. China is likely to be the major revenue pocket for APAC, having accounted for 45% of the overall revenue in 2015. Europe market share is anticipated to record a CAGR of 17.5% over the forecast timeframe.
North America is estimated to acquire substantial share owing to high adoption rate of advanced technology product and manufacturing facilities of established automobile companies in the region. Initiative taken by Federal Motor Carrier Safety Administration (FMCSA) to reduce occurrence of accidents of commercial motor vehicles is driving the demand for safety features in cars. It aims to facilitate, evaluate and test the on-board safety applications in co-ordination with the truck industry.
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Major Points of Table Of Content:-
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 Industry Impact forces
3.4.1 Growth drivers
18.104.22.168 Consumer need for safety
22.214.171.124 Enhanced automobile safety ratings
126.96.36.199 Growing sales of luxury cars
3.4.2 Industry pitfalls and challenges
188.8.131.52 High cost
3.5 Growth potential analysis
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
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Favorable government norms towards preventing fatal accidents will play a vital role in influencing the automotive radar industry trends. For example, the U.S. National Highway Traffic Safety Administration announced the deployment of Automatic Emergency Braking Systems (AEBS) in cars with model year 2018, to prevent road crashes. Moreover, shifting consumer preferences towards safer and technically sound vehicles has led the manufacturers to launch automobiles featured with safety equipment. In addition to this, the growing trend of IOT, which is poised to revolutionize the automotive space will further fuel the technology deployment in vehicles. Automotive electronics market will be another business space gaining heavy momentum over the coming years.
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