Automotive RADAR Market: Worldwide Market Size, Status, Revenue, Growth rate, CAGR % with 2021

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The report "Automotive RADAR Market by Range Type (Long Range RADAR and Short & Medium Range RADAR), Application (ACC, AEB, FCWS, BSD, and Intelligent Parking Assistance), Frequency (2X-GHz and 7X-GHz), Vehicle Type, and Region - Global Forecast to 2021", is projected to grow at a CAGR of 23.81%, from USD 2.27 billion in 2016 to USD 6.61 billion by 2021. In terms of volume the market is expected to reach 153.3 million units by 2021. The major factors driving the growth of the automotive RADAR market are raising concerns pertaining to vehicle, driver, passenger and, pedestrian safety along with increased involvement of players across the ecosystem.

 The following are the major objectives of the study.
  • To define, segment, and forecast the automotive RADAR market (2016-2021) in terms of volume (‘000 units) and value (USD million)
  • To provide a detailed analysis of various forces acting in the automotive RADAR market (drivers, restraints, opportunities, and challenges)
  • To segment the market and forecast its size, by application, by vehicle type, by frequency, and by range type, based on regions—namely, North America, Europe, and Asia.
  • To segment the automotive RADAR market and forecast the market size, by volume and value, based on the application – Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Blind Spot Detection (BSD), Forward Collision Warning System (FCWS), Intelligent Parking Assistance (IPA), Others
  • To segment the automotive RADAR market and forecast the market size, by volume and value, based on range - Long Range RADAR (LRR) and Short & Medium Range RADAR (S&MRR)
  • To segment the automotive RADAR market and forecast the market size, by volume and value, based on frequency – 2X-GHz and 7X-GHz



The Short & Medium Range RADAR (S&MRR) sensor is estimated to be the largest market in automotive RADAR market

The short & medium range RADAR segment is estimated to have the largest market share, owing to the more applications in various driver assistance systems such as blind spot detection, cross traffic alert, and intelligent park assist. The application of these safety features requires at least two RADAR sensors. The demand for these safety features is growing due to the factors such as rising government regulations for vehicle safety and increase in adoption of automotive RADAR based ADAS technology by OEMs. Download the pdf brochure

Adaptive Cruise Control (ACC) is estimated to be the fastest growing application in RADAR based ADAS market

Adaptive cruise control incorporates long range radar sensor and is an advanced version of cruise control. In many countries, long range radar based on 7X-GHz frequency band was initially banned. However, due to the increased safety concerns, these are now available in all the major markets. As the basic cruise control feature is already present in most of the mid-priced and luxury vehicles, the market for ACC is further expected to grow at a higher rate.

North America: Fastest growing region for automotive RADAR market

North America was estimated to be the largest market, by value, for automotive RADAR systems in 2016, owing to the stringent safety regulations in the region. Increased awareness towards safety features has also fueled the demand in the region. The U.S. New Car Assessment Program (NCAP) has mandated autonomous emergency braking and lane departure warning system for five star rating for any passenger car. The U.S. National Highway Transport Safety Administration (NHTSA) is also studying the feasibility of lane departure warning and rear view camera system to make these technologies a mandate. All these regulations pertaining to vehicle safety are estimated to drive the growth of the automotive RADAR market in the region. Click Speak to Analyst

Source:
https://www.marketsandmarkets.com/Market-Reports/automotive-radar-market-75536718.html

https://www.marketsandmarkets.com/PressReleases/automotive-radar.asp


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