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Global Automotive Radar Market Insights 2017-2023: Robert Bosch, Continental, Infineon Technologies, Delphi Automotive
Automotive Radar Market
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The growing use of radar sensors in the collision avoiding systems is driving the growth of the radar market. The prevalence of vehicle accidents is rising rapidly. According to the World Bank, Over 1.25 million people are killed each year on the road. Thus the demand for collision avoidance system in the automobile is rising across the world. Radar sensors in the anti-collision systems are placed in front of the vehicle to detect the presence of moving objects in their path, predict their speed, and direction. It also helps drivers to calculate how to maintain a safe distance from surrounded vehicles.
The radar sensor is used in the automotive, detects the obstacles in the path of moving vehicles and sent the alert signal to the drivers. These radar sensors are work in both day and night and it also has a range of 200 meters and above. Radar sensor provides extremely accurate data with a minimum price that anticipated to boost the demand for radar sensors in the automotive industry.
Segmented by Application
Global Automotive Radar Market by Application segment covers several applications including Adaptive Cruise Control, Blind Spot Detection, Intelligent Park Assist, Autonomous Emergency, Braking Forward Collision Warning and others. The adaptive cruise control is a system that allows the automobile to change its speed according to the traffic environment. A radar sensor attached to the vehicle is used to detect the speed and the distance of the other moving vehicles around the system vehicle. The growing acceptance of these intelligent systems in the automotive is driving the growth of the radar sensor market.
Segmented by Types
Global Automotive Radar Market by Range Type is classified into two segments including Long Range radar sensors and Medium & Short Range radar sensors. The long-range radar sensor detects the object in the range of 0.36–250 meter. The Medium & Short Range radar sensors are worked in the range up to 0 to 160 meter. In addition, long-range radar sensors are capable of providing accurate data at the maximum range are promote the growth of long-range radar sensors in the automotive radar market.
Regional Analysis
Geographically, North America holds the maximum market shares in the radar sensor followed by Europe. The rapidly growing adoption of autonomous vehicles in the North America region drives the growth of radar market in this region. The stringent government regulations regarding the integration of intelligent anti-collision systems in the automobile are contributing to the growth of this market in the North America region. In addition, Asia Pacific is the fastest growing region in the automotive radar market owing to the growing automotive industry and the advancements in the technology of the sensor.
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Competitive Landscape
The report provides profiles of the companies in the global automotive radar market such as Robert Bosch GmbH, Continental AG, Infineon Technologies AG, Delphi Automotive PLC, Denso Corporation, NXP Semiconductors N.V., Texas Instruments, Inc., Valeo, HELLA KGaA Hueck & Co., and Autoliv Inc.
The automotive radar sensor market is a highly fragmented market as companies working in this market are manufacturing and sales a large variety of products. Several companies in this automotive radar sensors are focusing on the merger and acquisition of small players to retain their market position. These small players have a large number of innovative products that help to retain their market share in the existing market.
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