Here's How Automotive Radar Market is Booming Worldwide: The Biggest Opportunity of 2020 | Continental AG, Robert Bosch GmbH, Infineon Technologies AG, Denso Corporation and more

Increasing demand for automotive radar solutions in Level (0-2) vehicle automation system coupled with high investments in R&D of automotive radar are fueling the market growth.

Market Size - USD 3.10 Billion in 2018, Market Growth - CAGR of 25.6%, Market Trends - Increase in demand for 77 GHz range automotive radar in both the premium and mid-range car segments.

The global automotive radar market is forecast to reach USD 19.31 Billion by 2026, according to a new report by Reports and Data. Automotive radar helps locate objects surrounding the car with the help of the transmitter and receiver of the radar system. The transmitter of the radar system emits radio waves that stumbles into the object and bounces back to the receiver of the radar, providing information on the real-time location of the objects around the vehicle.

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Key participants include Continental AG, Robert Bosch GmbH, Infineon Technologies AG, Denso Corporation, Valeo, NXP Semiconductors N.V., Texas Instruments Incorporated, Autoliv Inc., Delphi Technologies, and Hella KGaA Hueck & Co.

For the purpose of this report, Reports and Data have segmented the global automotive radar market on the basis of applications, frequency band, level of vehicle automation, vehicle type, and region:
Applications Outlook (Revenue, USD Billion; Volume, Thousand Unit; 2016-2026)
Adaptive Cruise Control
Autonomous Emergency Braking
Collision Mitigation & Warning System
Blind Spot Detection
Turing Assistance
Rear Clash & Collision Aids
Parking Control Aids
Other ADAS

Frequency Band Outlook (Revenue, USD Billion; Volume, Thousand Unit; 2016-2026)
24 GHz
77 GHz

Level of Vehicle Automation Outlook (Revenue, USD Billion; Volume, Thousand Unit; 2016-2026)
Level (0-2)
Level (3-4)
Level (5-6)

Vehicle Type Outlook (Revenue, USD Billion; Volume, Thousand Unit; 2016-2026)
Budget Passenger Vehicle
Mid-Range Passenger Vehicle
Premium Passenger Vehicle
Commercial Vehicle

SOME OF THE KEY GEOGRAPHIES MENTIONED IN THIS REPORT INCLUDE:
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.

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Further key findings from the report suggest
Adaptive cruise control is an advanced self-regulating form of cruise control system that slows down and accelerates automatically to maintain a suitable pace with the car in front of the radar systems while in traffic. Adaptive cruise control sub-segment is expected to hit a market revenue of USD 5.93 Billion by 2026.

24 GHz is the short-range radar system used in the automotive. The 24 GHz frequency band radars can cover a distance of up to 20 meters. These short-range radars are low-cost alternatives to the high and mid-range radar systems and used mostly in the budget passenger vehicles. However, this 24 GHz segment is planned to be discontinued by most of the automotive radar manufacturers for its operational inefficiencies. This segment had a market share of about 41.8% in 2018.

Level (0-2) vehicles automation includes the vehicles with zero autonomous features to a few amount of automation like automatic braking systems, adaptive cruise control, and others. The market revenue for this sub-segment in 2018 was USD 1.78 Billion.

Asia Pacific market is forecasted to generate a revenue of USD 5.85 Billion in the year 2026, owing to its extensive demand for radar system in all the vehicle types coupled with the considerable market penetration in the driverless autonomous cars and elevated growth in the overall automotive industries in China, Japan, and India.

North America, with its superiority in premium and mid-range vehicles market share and concerns with vehicle and road safety, is accounted to retain its leading position in the market with a market share of about 35.6% by 2026, and the CAGR is calculated to be 25.8% during the forecast period.

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In conclusion, the Automotive Radar Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

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