Automotive Disruption Radar Market
Automotive Disruption Radar Market Forecasts to 2028 - Global Analysis By Range (Short & Medium Range Radar and Long Range Radar), Vehicle Type (Commercial Vehicles and Passenger Cars), Application and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $5.3 BN |
|
Projected Year Value (2028) |
US $12.1 BN |
|
CAGR (2022 - 2028) |
14.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Automotive Disruption Radar Market is accounted for $5.3 billion in 2022 and is expected to reach $12.1 billion by 2028 growing at a CAGR of 14.7% during the forecast period. Modern vehicle comfort systems and safety systems utilize a variety of radiofrequency (RF) technologies to make driving more secure and automated. Automobiles are increasingly being equipped with radar sensors where RF signals are used for safety features such as blind-spot detection, adaptive cruise control, and forward-collision warning, among other features. These sensors enable precise and swift measurement of the range, velocity, and direction of surrounding vehicles. Therefore, it is extensively used across advanced driver assistance systems as they support drivers and help to reduce the number of accidents.
According to the Department of Commerce, imports of SUVs and cars increased by 60.75%, while imports of two-wheelers increased by 243.80%. The rise of electric four-wheelers up to 100kW has primarily driven growth in the car and SUV sectors.
Market Dynamics:
Driver:
Increasing incidence of accidents
The increasing incidence of accidents and the growing need for safer mobility. Furthermore, the emerging trend of autonomous vehicles, combined with increased vehicle electrification, is likely to boost growth prospects. Its installation allows for more accurate object recognition and improved vehicle safety. Furthermore, lower car electronic costs and developments in automotive technology are likely to boost the use of automotive radar.
Restraint:
The security risks associated with radar-based technology
The signal structure used by automotive radar is unique, and there is no inherent authentication, leaving the technology vulnerable to spoofing attacks. The majority of current technology is based on frequency-modulated continuous-wave (FMCW) systems. As a result, security threats connected with the automobile industry, such as spoofing and interference, are likely to hinder the use of this technology during the forecasted period.
Opportunity:
Increasing R&D Investments
Major automakers are concentrating on producing next-generation vehicle models that will include up to ten radar sensors. Consumer growing knowledge of car safety has increased demand for features such as cruise control and blind-spot detection, which can assist drivers and minimise the incidence of accidents. Hence, as a means of ensuring better vehicle safety, the widespread adoption of radar-based technology in automobiles is anticipated during the forecast period.
Threat:
The use of radar detectors is illegal
Depending on where one lives, using a radar detector is legal. Drivers are not permitted to use a radar detector in vehicle; however, commercial drivers and military bases are exempt from this restriction. A successful spoofing attack can have a significant impact on the safety of vehicle occupants by potentially causing the vehicle to stop, alter direction, or collide by breaching the market supply chain their by hindering the market.
Covid-19 Impact
Following a disastrous year for the automotive industry that saw a 5% drop in global vehicle production and the end of a 10-year upward trend, the global automotive industry faced a halt as a result of the COVID-19 pandemic. This affected the revenue channels allocated to R&D as well as the adoption of breakthrough technology such as vehicle radar. Also, as global vaccination rates grow, the pandemic's impact on the automotive industry is expected to reduce gradually over the following few years. The demand for automotive radar solutions is expected to skyrocket following the pandemic since they improve vehicle safety and comfort.
The short & medium range radar segment is expected to be the largest during the forecast period
The short & medium range radar segment is estimated to have a lucrative growth, due to its utilization in vehicle security systems to detect objects in the vehicle's vicinity. Blind spot identification, lane shift assistance, as well as parking assistance are the features offered by the systems. Reduced radar prices and the growing demand for more radar per system for increasing efficiency are expected to drive the market during the projected period.
The passenger car segment is expected to have the highest CAGR during the forecast period
The passenger car segment is anticipated to witness the fastest CAGR growth during the forecast period, due to increasing vehicle safety awareness among mid-priced vehicle owners. The surge in demand for electric cars to reduce line emigration, stringent regulations and laws governing automotive emigration, and rising consumer awareness of the importance of electric vehicles in reducing emigration are all major contributors to this sector's rapid growth.
Region with Largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the low-cost benefits inherent in the construction of autos. Because of increased disposable income, the area has seen a spike in automotive sales. The growing awareness of vehicle safety systems and their benefits is one of the factors driving the growth of the automotive radar market.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the increasing rigour in enforcing automobile safety requirements. The automobile industry in the country invests roughly one-third of its revenue in R&D. Furthermore, the rising number of vehicle accidents and increased awareness of the benefits of driving assistance technologies such as brake assist and collision warning systems are boosting demand in this region.
Key players in the market
Some of the key players profiled in the Automotive Disruption Radar Market include DENSO Corporation, NXP Semiconductors, Continental AG, Delphi Automotive Company, ZF Friedrichshafen, Texas Instruments, Autoliv Inc., Analog Devices Inc, Valeo S.A, Robert Bosch GmbH, Borgwarner Inc and Veoneer Inc.
Key Developments:
In January 2023, Texas Instruments announced the release of the new automotive battery cell as well as pack monitors that offer the most precise measurement potential on the market, maximizing electric vehicle (EV) drive period and aiding safer operation.
In November 2022, Texas Instruments (TI) announced innovative Matter-enabled software advancement kits for Thread SimpleLink Wi-Fi microcontrollers (MCUs), which will simplify Matter protocol adoption in IoT apps.
Ranges Covered:
• Short & Medium Range Radar
• Long Range Radar
Vehicle Types Covered:
• Commercial Vehicles
• Passenger Cars
Applications Covered:
• Intelligent Park Assist
• Forward Collision Warning (FCW)
• Adaptive Cruise Control (ACC)
• Blind Spot Detection (BSD)
• Autonomous Emergency Braking (AEB)
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Disruption Radar Market, By Range
5.1 Introduction
5.2 Short & Medium Range Radar
5.3 Long Range Radar
6 Global Automotive Disruption Radar Market, By Vehicle Type
6.1 Introduction
6.2 Commercial Vehicles
6.3 Passenger Cars
7 Global Automotive Disruption Radar Market, By Application
7.1 Introduction
7.2 Intelligent Park Assist
7.3 Forward Collision Warning (FCW)
7.4 Adaptive Cruise Control (ACC)
7.5 Blind Spot Detection (BSD)
7.6 Autonomous Emergency Braking (AEB)
8 Global Automotive Disruption Radar Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 DENSO Corporation
10.2 NXP Semiconductors
10.3 Continental AG
10.4 Delphi Automotive Company
10.5 ZF Friedrichshafen
10.6 Texas Instruments
10.7 Autoliv Inc.
10.8 Analog Devices Inc
10.9 Valeo S.A
10.10 Robert Bosch GmbH
10.11 Borgwarner Inc
10.12 Veoneer Inc
List of Tables
1 Global Automotive Disruption Radar Market Outlook, By Region (2020-2028) ($MN)
2 Global Automotive Disruption Radar Market Outlook, By Range (2020-2028) ($MN)
3 Global Automotive Disruption Radar Market Outlook, By Short & Medium Range Radar (2020-2028) ($MN)
4 Global Automotive Disruption Radar Market Outlook, By Long Range Radar (2020-2028) ($MN)
5 Global Automotive Disruption Radar Market Outlook, By Vehicle Type (2020-2028) ($MN)
6 Global Automotive Disruption Radar Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
7 Global Automotive Disruption Radar Market Outlook, By Passenger Cars (2020-2028) ($MN)
8 Global Automotive Disruption Radar Market Outlook, By Application (2020-2028) ($MN)
9 Global Automotive Disruption Radar Market Outlook, By Intelligent Park Assist (2020-2028) ($MN)
10 Global Automotive Disruption Radar Market Outlook, By Forward Collision Warning (FCW) (2020-2028) ($MN)
11 Global Automotive Disruption Radar Market Outlook, By Adaptive Cruise Control (ACC) (2020-2028) ($MN)
12 Global Automotive Disruption Radar Market Outlook, By Blind Spot Detection (BSD) (2020-2028) ($MN)
13 Global Automotive Disruption Radar Market Outlook, By Autonomous Emergency Braking (AEB) (2020-2028) ($MN)
14 North America Automotive Disruption Radar Market Outlook, By Country (2020-2028) ($MN)
15 North America Automotive Disruption Radar Market Outlook, By Range (2020-2028) ($MN)
16 North America Automotive Disruption Radar Market Outlook, By Short & Medium Range Radar (2020-2028) ($MN)
17 North America Automotive Disruption Radar Market Outlook, By Long Range Radar (2020-2028) ($MN)
18 North America Automotive Disruption Radar Market Outlook, By Vehicle Type (2020-2028) ($MN)
19 North America Automotive Disruption Radar Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
20 North America Automotive Disruption Radar Market Outlook, By Passenger Cars (2020-2028) ($MN)
21 North America Automotive Disruption Radar Market Outlook, By Application (2020-2028) ($MN)
22 North America Automotive Disruption Radar Market Outlook, By Intelligent Park Assist (2020-2028) ($MN)
23 North America Automotive Disruption Radar Market Outlook, By Forward Collision Warning (FCW) (2020-2028) ($MN)
24 North America Automotive Disruption Radar Market Outlook, By Adaptive Cruise Control (ACC) (2020-2028) ($MN)
25 North America Automotive Disruption Radar Market Outlook, By Blind Spot Detection (BSD) (2020-2028) ($MN)
26 North America Automotive Disruption Radar Market Outlook, By Autonomous Emergency Braking (AEB) (2020-2028) ($MN)
27 Europe Automotive Disruption Radar Market Outlook, By Country (2020-2028) ($MN)
28 Europe Automotive Disruption Radar Market Outlook, By Range (2020-2028) ($MN)
29 Europe Automotive Disruption Radar Market Outlook, By Short & Medium Range Radar (2020-2028) ($MN)
30 Europe Automotive Disruption Radar Market Outlook, By Long Range Radar (2020-2028) ($MN)
31 Europe Automotive Disruption Radar Market Outlook, By Vehicle Type (2020-2028) ($MN)
32 Europe Automotive Disruption Radar Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
33 Europe Automotive Disruption Radar Market Outlook, By Passenger Cars (2020-2028) ($MN)
34 Europe Automotive Disruption Radar Market Outlook, By Application (2020-2028) ($MN)
35 Europe Automotive Disruption Radar Market Outlook, By Intelligent Park Assist (2020-2028) ($MN)
36 Europe Automotive Disruption Radar Market Outlook, By Forward Collision Warning (FCW) (2020-2028) ($MN)
37 Europe Automotive Disruption Radar Market Outlook, By Adaptive Cruise Control (ACC) (2020-2028) ($MN)
38 Europe Automotive Disruption Radar Market Outlook, By Blind Spot Detection (BSD) (2020-2028) ($MN)
39 Europe Automotive Disruption Radar Market Outlook, By Autonomous Emergency Braking (AEB) (2020-2028) ($MN)
40 Asia Pacific Automotive Disruption Radar Market Outlook, By Country (2020-2028) ($MN)
41 Asia Pacific Automotive Disruption Radar Market Outlook, By Range (2020-2028) ($MN)
42 Asia Pacific Automotive Disruption Radar Market Outlook, By Short & Medium Range Radar (2020-2028) ($MN)
43 Asia Pacific Automotive Disruption Radar Market Outlook, By Long Range Radar (2020-2028) ($MN)
44 Asia Pacific Automotive Disruption Radar Market Outlook, By Vehicle Type (2020-2028) ($MN)
45 Asia Pacific Automotive Disruption Radar Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
46 Asia Pacific Automotive Disruption Radar Market Outlook, By Passenger Cars (2020-2028) ($MN)
47 Asia Pacific Automotive Disruption Radar Market Outlook, By Application (2020-2028) ($MN)
48 Asia Pacific Automotive Disruption Radar Market Outlook, By Intelligent Park Assist (2020-2028) ($MN)
49 Asia Pacific Automotive Disruption Radar Market Outlook, By Forward Collision Warning (FCW) (2020-2028) ($MN)
50 Asia Pacific Automotive Disruption Radar Market Outlook, By Adaptive Cruise Control (ACC) (2020-2028) ($MN)
51 Asia Pacific Automotive Disruption Radar Market Outlook, By Blind Spot Detection (BSD) (2020-2028) ($MN)
52 Asia Pacific Automotive Disruption Radar Market Outlook, By Autonomous Emergency Braking (AEB) (2020-2028) ($MN)
53 South America Automotive Disruption Radar Market Outlook, By Country (2020-2028) ($MN)
54 South America Automotive Disruption Radar Market Outlook, By Range (2020-2028) ($MN)
55 South America Automotive Disruption Radar Market Outlook, By Short & Medium Range Radar (2020-2028) ($MN)
56 South America Automotive Disruption Radar Market Outlook, By Long Range Radar (2020-2028) ($MN)
57 South America Automotive Disruption Radar Market Outlook, By Vehicle Type (2020-2028) ($MN)
58 South America Automotive Disruption Radar Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
59 South America Automotive Disruption Radar Market Outlook, By Passenger Cars (2020-2028) ($MN)
60 South America Automotive Disruption Radar Market Outlook, By Application (2020-2028) ($MN)
61 South America Automotive Disruption Radar Market Outlook, By Intelligent Park Assist (2020-2028) ($MN)
62 South America Automotive Disruption Radar Market Outlook, By Forward Collision Warning (FCW) (2020-2028) ($MN)
63 South America Automotive Disruption Radar Market Outlook, By Adaptive Cruise Control (ACC) (2020-2028) ($MN)
64 South America Automotive Disruption Radar Market Outlook, By Blind Spot Detection (BSD) (2020-2028) ($MN)
65 South America Automotive Disruption Radar Market Outlook, By Autonomous Emergency Braking (AEB) (2020-2028) ($MN)
66 Middle East & Africa Automotive Disruption Radar Market Outlook, By Country (2020-2028) ($MN)
67 Middle East & Africa Automotive Disruption Radar Market Outlook, By Range (2020-2028) ($MN)
68 Middle East & Africa Automotive Disruption Radar Market Outlook, By Short & Medium Range Radar (2020-2028) ($MN)
69 Middle East & Africa Automotive Disruption Radar Market Outlook, By Long Range Radar (2020-2028) ($MN)
70 Middle East & Africa Automotive Disruption Radar Market Outlook, By Vehicle Type (2020-2028) ($MN)
71 Middle East & Africa Automotive Disruption Radar Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
72 Middle East & Africa Automotive Disruption Radar Market Outlook, By Passenger Cars (2020-2028) ($MN)
73 Middle East & Africa Automotive Disruption Radar Market Outlook, By Application (2020-2028) ($MN)
74 Middle East & Africa Automotive Disruption Radar Market Outlook, By Intelligent Park Assist (2020-2028) ($MN)
75 Middle East & Africa Automotive Disruption Radar Market Outlook, By Forward Collision Warning (FCW) (2020-2028) ($MN)
76 Middle East & Africa Automotive Disruption Radar Market Outlook, By Adaptive Cruise Control (ACC) (2020-2028) ($MN)
77 Middle East & Africa Automotive Disruption Radar Market Outlook, By Blind Spot Detection (BSD) (2020-2028) ($MN)
78 Middle East & Africa Automotive Disruption Radar Market Outlook, By Autonomous Emergency Braking (AEB) (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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