Automotive Radar: Emphasis on Radar Range,Applications-Insights and Forecast, 2018-2024
The region has witnessed high demands for premium car compared to other segment vehicles, which is increasing the demand and adoption of ADAS and radar system in the region. Moreover, mandate legislation imposed by the European commission and rating awarded by Euro New Car Assessment Programme (NCAP) is further considered to be influencing the growth of the market. In addition, especially for radar, European Commission has mandated a permanent band at 79 GHz and is required to be made available in all EU member states, which is regarded as the foundation for the future development of the automotive radar market. However, factors such as high vehicle manufacturing cost and ban on use of radar detectors in some of the European countries are hampering the market.
Automotive radar market of Europe is segmented based on the range of the radar, which includes short and medium range radar (S&MRR) and long range radar (LRR). The short-range radar (SRR) system primarily operates at the 2X 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, S&MRR segment dominated over LRR however LRR is anticipated to be the fastest growing market with a CAGR of 20.0% during the forecast period (2018–2024).
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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. On the other hand, the autonomous emergency braking application is anticipated to be the fastest growing application during the forecast period. 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 further includes the segmentation across different frequency bands that includes 2X GHz and 77 GHz. The 2X 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. Due to the high demand for 2X GHz radars for blind spot detection and collision avoidance systems in Europe, this segment held the highest market share In 2017, However, by 2021, the market value of 77 GHz radars are anticipated to exceed the market of 2X GHz radar and remain in the same position by the end of forecast period. Europe s automotive radar market is also fragmented across different vehicle types, which include passenger cars, luxury cars 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.
The luxury vehicles segment is anticipated to grow at a CAGR of 19.8% during the forecast period. A country level segmentation for Europe automotive radar market is also incorporated in the study.
The segment includes the major countries such as Germany, France, the U.K, Spain, Russia, Italy and rest of Europe. Germany dominated the market in 2017 and was valued at $105.75 million, followed by the U.K and France. The presence of major automotive OEMS, component manufacturers and favorable regulatory environment are some of the major factors attributed to the Germany dominance in European automotive radar market.
Some of the major players profiled in the report include Continental AG, Robert Bosch GmbH, Denso Corporation, Aptiv Plc, Infineon Technologies Inc., NXP Semiconductors NV, Valeo SA, Analog Devices Inc., Hella KGaA Hueck & Co and Texas Instruments Inc. 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 market.
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Table of content
1 MARKET INTRODUCTION
1.1 Market Definition
1.2 Objective of the Study
1.5 Currency used in the Report
2 REGULATORY FRAMEWORK
2.1 General Overview
2.1.1 European Commission Regulation for Automotive Radar
2.1.2 Germany Regulation for Automotive Radar
2.1.3 United Kingdom Regulation for Automotive Radar
2.1.4 Spain Regulation for Automotive Radar
2.1.5 Russia Regulation for Automotive Radar
3 RESEARCH METHODOLOGY OR ASSUMPTION
3.1 Secondary Data
3.1.1 Key Secondary Sources
3.2 Primary Data
3.2.1 Sampling Techniques & Data Collection Methods
3.2.2 Primary Participants
4 INDUSTRY PERFORMANCE
5 EXECUTIVE SUMMARY
6 MARKET OVERVIEW
6.1.1 Automotive Radar Market
6.2 Market Dynamics
6.2.1 Market Drivers
188.8.131.52 Regulatory Framework of European Commission
184.108.40.206 Growing Safety Awareness & Increasing deployment of ADAS features
220.127.116.11 Germany; Premium Market Hub
6.2.2 Market Restraints
18.104.22.168 Usage of RADAR Detectors Considered as illegal in Some Countries
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