Asia Pacific Automotive Radar Market Is Expected To Attain A Market Size Of Us$ 4,253.3 Million By 2025, Growing At A Considerable Cagr Of 24.1% During 2019-2025 Period
The Asia Pacific automotive radar market is anticipated to gain the market worth of US$ 4253.32 million by 2025, expanding at a CAGR of 24.1% during the forecast period 2019-2025. Short-range & medium-range radar (S&MRR) and long-range radars (LRR) are the major types of radar-based on their range of clear visibility. In 2018, S&MRR dominated the Asia Pacific automotive radar market and is anticipated to generate a market size of US$ 2605.16 million by 2025. On the other hand, the LRR segment is anticipated to expand at the highest CAGR growth of 26.7% during the analyzed period. The Asian market is an emerging market for automotive sector, which is primarily backed by low-cost country sourcing and high-level industrialization in the region. Rising number of accidents paired with increasing demand for safer vehicle mobility and strict government regulations and initiatives for creating innovative radar systems are the major factors driving the deployment of radar technology in vehicles in the Asian countries In addition, growing adoption of ADAS technology across mid-priced and premium segment vehicle has further fueled the growth of the market at global scale.
For country-level analysis of the overall adoption of Radar technology in vehicles browse through https://univdatos.com/report/asia-pacific-market-insights-on-automotive-radar-insights-and-forecast-2019-2025
The growing governmental regulations on vehicle security and mandating of certain ADAS features in vehicles are helping widespread adoption of radar across several application areas in a vehicle. Adaptive cruise control, autonomous emergency braking, intelligent parking systems, blind-spot detection, collision mitigation system and others are the major application area of radar technology analyzed in the study. Adaptive cruise control dominated the market with a market size of US$ 313.74 million in 2018 and is expected to maintain its dominance during the forecast period 2019-2025. The AEB application area is predicted to grow at the highest CAGR of 28.0% during the forecast period. 2X and 7X GHz are the two major frequency bands, which are widely used in the vehicles, as they play a crucial role in determining the effectiveness of the radars in advance safety systems. 2X GHz band dominated the market in 2018. However, by 2021 7X GHz frequency band is expected to overtake the 2X GHz band, to become the largest selling frequency band radar system. 7X GHz radar sensor can achieve 20 times better performance in range resolution, thus improving environmental modelling and object classification. Owing to this the overall adoption of 7X GHz in the vehicle is expected to increase rapidly, making them the fastest-growing frequency band during the forecast period.
For through analysis of the current and ongoing development in the Asia-Pacific automotive radar technology browse through https://univdatos.com/report/asia-pacific-market-insights-on-automotive-radar-insights-and-forecast-2019-2025
Additionally, radar is rapidly capturing every segment of vehicles manufactured, including passenger vehicles, luxury vehicles and commercial vehicles. Luxury brands such as Audi, BMW, Lexus, land Rover and Mercedes-Benz among others are deploying radar in applications such as automated parking, adaptive cruise control system, and adaptive cruise control system. Similarly, the growing interest of customers for advance safety features across the passenger vehicle segment has forced the Asia Pacific car manufacturers to install this technology in their upcoming models, however, the penetration rate is still low. The passenger car segment dominated the Asia Pacific automotive radar market, followed by luxury and commercial vehicle segments. The luxury vehicle segment is expected to register the highest CAGR growth of 26.5% during the forecast period 2019-2025.
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Additionally, for better investigation and penetration of the automotive radar market, the report bifurcates the Asia Pacific market into countries including China, Japan, India, South Korea, Singapore, Malaysia and the Rest of Asia-Pacific. Increased awareness of safety features has also fueled the demand for radar technology in this region. China dominated the APAC radar market. Some of the major companies profiled in the Asia Pacific Automotive radar study include Robert Bosch GmbH, HELLA KGaA, Continental AG, Denso Corporation, Aptiv PLC, Valeo S.A., Infineon Technologies AG, Texas Instruments Inc., Analog Devices Inc. and NXP Semiconductors N.V. These players consistently aim to focus on product development, new product launch and enhance their existing portfolios to expand their customer base and strengthen their market position through partnerships and collaborations which further offers them growth opportunities for geographic expansion.
Asia Pacific Automotive Radar Market Segmentation
Market Insights, by Radar Range
- Long Range RADAR (LRR)
- Short & Mid-Range RADAR (SRR&MRR)
Market Insights, by Application
- Adaptive Cruise Control (ACC)
- Autonomous Emergency Braking (AEB)
- Blind Spot Detection (BSD)
- Collision Avoidance System (CAS)
- Intelligent Parking Assistance (IPA)
Market Insights, by Frequency Band
Market Insights, by Vehicle type
- Passenger Vehicles
- Luxury Vehicles
- Commercial Vehicle
Market Insights, by Country
- China Automotive Radar Market
- Japan Automotive Radar Market
- India Automotive Radar Market
- South Korea Automotive Radar Market
- Singapore Automotive Radar Market
- Australia Automotive Radar Market
- Rest of APAC Automotive Radar Market
Top Companies Profiles
- Continental AG
- Robert Bosch GmbH
- Delphi Automotive PLC
- Denso Corporation
- Infineon Technologies AG
- NXP Semiconductors N.V.
- Valeo S.A.
- Hella KGaA Hueck & Co.
- Analog Devices Inc.
- Texas Instruments Inc.