Automotive Radar Market Size To Reach $15,658.6 Million By 2026 | Industry Players: Delphi Automotive PLC, Denso Corporation, Continental AG, Infineon Technologies AG, Analog Devices, Inc, ZF Friedrichshafen AG, Robert Bosch GmbH, and others

The global automotive radar market is anticipated to reach $15,658.6 million by 2026 according to a new research published by Polaris Market Research. In 2017, the adaptive cruise control application dominated the global market, in terms of revenue. In 2017, Europe accounted for the majority share in the global Automotive Radar market.

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The expanding global automotive industry, along with increasing popularity of autonomous vehicles majorly drives the market growth. Higher frequency radar systems are being used in vehicles owing to their improved performance, increased reliability, and higher accuracy. The adoption of automotive radar systems has increased significantly owing to increasing road traffic, growing incidences of road accidents, and growing need to improve road safety. Other factors driving the market growth include growing disposable income, technological advancements, and changing lifestyles. New emerging markets, emerging consumer demographics, and stringent government regulations would provide growth opportunities for Automotive Radar market in the coming years.

Automotive radars use 76 GHz to 81 GHz technology platform for easier development and use of individual sensors for multiple purposes. Use of wider bandwidth provides higher resolution and enhanced object recognition. The 79 GHz project founded by the European Commission aims to speed up global agreement to use the 79 GHz band for vehicular radars. The Russian Federation, Ukraine, Turkey and the Balkan region have approved the use of the 79 GHz band for automotive high-resolution short range radars.

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In 2017, Europe accounted for the highest share in the global Automotive Radar market. Established automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The introduction of stringent government regulations for vehicular and road safety accelerates the adoption of automotive radars. Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, leading to rising living standards and high disposable income. Expansion of global players into these countries to tap market potential boosts the market growth.

The well-known companies profiled in the report include Delphi Automotive PLC, Denso Corporation, Continental AG, Infineon Technologies AG, Analog Devices, Inc, ZF Friedrichshafen AG, Robert Bosch GmbH, NXP Semiconductors, Texas Instruments Incorporated, Autoliv Inc., and Hella KGaA Hueck & Co among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Automotive Radar Market Size and Forecast, 2017-2026 by Range

Key Findings

• Short Range
• Medium Range
• Long Range

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Automotive Radar Market Size and Forecast, 2017-2026 by Vehicle Type

Key Findings

• Passenger Vehicles
• Commercial Vehicles

Automotive Radar Market Size and Forecast, 2017-2026 by Sales Channel

Key Findings

• OEM
• Aftermarket

Automotive Radar Market Size and Forecast, 2017-2026 by Frequency

Key Findings

• 2X-GHZ Radar Systems
• 7X-GHZ Radar Systems

Automotive Radar Market Size and Forecast, 2017-2026 by Application

Key Findings

• Blind Spot Detection
• Adaptive Cruise Control
• Intelligent Parking Assistance
• Autonomous Emergency Braking
• Others

Automotive Radar Market Size and Forecast, 2017-2026 by Region

Key Findings

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Italy
o Asia-Pacific
 China
 India
 Japan
o Latin America
 Brazil
 Mexico
o Middle East & Africa

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

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