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What's driving the Automotive Radar Market trends? Delphi Automotive PLC, Denso Corporation, Continental AG, Infineon Technologies AG, Analog Devices, Inc, ZF Friedrichshafen AG, Robert Bosch GmbH, NXP Semiconductors, Texas Instruments Incorporated, Autol
Automotive Radar Market
The Global Automotive Radar Market is anticipated to reach $15,658.6 million by 2026 according to a new 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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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.
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.
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.
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.
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Table of Contents
1. Overview and Scope
2. Executive Summary
3. Automotive Radar Market Insights
4. Automotive Radar Market Size and Forecast, 2017-2026 by Range
5. Automotive Radar Market Size and Forecast, 2017-2026 by Vehicle Type
6. Automotive Radar Market Size and Forecast, 2017-2026 by Sales Channel
7. Automotive Radar Market Size and Forecast, 2017-2026 by Frequency
8. Automotive Radar Market Size and Forecast, 2017-2026 by Application
9. Automotive Radar Market Size and Forecast, 2017-2026 by Region
10. Company Profiles
10.1. Delphi Automotive PLC
10.1.1. Overview
10.1.2. Financials
10.1.3. Product Benchmarking
10.1.4. Recent Developments
10.2. Denso Corporation
10.3. Continental AG
10.4. Infineon Technologies AG
10.5. Analog Devices, Inc
10.6. ZF Friedrichshafen AG
10.6.1. Overview
10.7. Robert Bosch GmbH
10.8. NXP Semiconductors
10.9. Texas Instruments Incorporated
10.10. Autoliv Inc.
10.11. Hella KGaA Hueck & Co.
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