Europe Market Insights on Automotive Radar: Insights and Forecast, 2018-2024

Europe Market Insights on Automotive Radar: Insights and Forecast, 2018-2024

Emphasis on Radar Range (Short Range Radar & Mid-Range Radar (S&MRR), Long Range Radar (LRR)), Applications(Adaptive Cruise Control, Autonomous Emergency Braking, Intelligent Parking Systems, Blind Spot Detection, Collision Mitigation System, Others) - Insights and Forecast, 2018-2024

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Published: Sep-2018

Pages:118

Table:44

Figure:73

Report ID:UMAU18103

Europe is recognized as the birth place of motor cars. Car production in the European region is not a new concept, with the automotive industry being one of the oldest sources of exports and employment. The strong foothold in the market is mainly attributed to the presence of considerable number of automotive OEM’s in the region, which is escalating the overall demand for automotive related technologies, including automotive radar system in the European countries. The region has witnessed high demands for premium car compared to other segment vehicles, which is increasing the demand and adoption of ADAS and radar system in the region. Moreover, mandate legislation imposed by the European commission and rating awarded by Euro New Car Assessment Programme (NCAP) is further considered to be influencing the growth of the market. In addition, especially for radar, European Commission has mandated a “permanent” band at 79 GHz and is required to be made available in all EU member states, which is regarded as the foundation for the future development of the automotive radar market. However, factors such as high vehicle manufacturing cost and ban on use of radar detectors in some of the European countries are hampering the market.

Insights Presented in the Report:

  • Automotive radar market of Europe is segmented based on the range of the radar, which includes short and medium range radar (S&MRR) and long range radar (LRR). In 2017, S&MRR segment dominated over LRR however LRR is anticipated to be the fastest growing market with a CAGR of 20.0% during the forecast period (2018-2024).
  • Based on different application areas, the market is categorized as Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Intelligent Parking System (IPS), Blind Spot Detection (BSD), Collision Mitigation System (CMS) and others. Among these application areas, adaptive cruise control is expected to be the largest market during the forecast period. On the other hand, the autonomous emergency braking application is anticipated to be the fastest growing application during the forecast period.
  • The study further includes the segmentation across different frequency bands that includes 24 GHz and 77 GHz. Due to the high demand for 24 GHz radars for blind spot detection and collision avoidance systems in Europe, this segment held the highest market share in 2017. However, by 2021, the market value of 77 GHz radars are anticipated to exceed the market of 24 GHz radar and remain in the same position by the end of forecast period.
  • Europe’s automotive radar market is also fragmented across different vehicle types, which include passenger cars, luxury cars and commercial vehicles. Under this segment, passenger vehicles held the highest market value and the same is anticipated to follow during the forecast period as well. Adding to this, the increase in demand of radar systems in the luxury vehicles segment is expected to propel luxury vehicles segment making it the fastest growing market during the forecast period. The luxury vehicles segment is anticipated to grow at a CAGR of 19.8% during the forecast period.
  • A country level segmentation for Europe automotive radar market is also incorporated in the study. The segment includes the major countries such as Germany, France, the U.K, Spain, Russia, Italy and rest of Europe. Germany dominated the market in 2017 and was valued at $105.75 million, followed by the U.K and France. The presence of major automotive OEMS, component manufacturers and favorable regulatory environment are some of the major factors attributed to the Germany’s dominance in European automotive radar market.

Top Companies Profiled:

Some of the major players profiled in the report include Continental AG, Robert Bosch GmbH, Denso Corporation, Delphi Automotive Plc, Infineon Technologies AG, NXP Semiconductors NV, Valeo SA, Analog Devices Inc., Hella KGaA Hueck and Co, and Texas Instruments Inc.

Reasons to buy the Report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers in depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies and recent developments
  • Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry.
  • Examination of industry attractiveness  with the help of Porter’s Five Forces analysis
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

The European Automotive Radar Market can be customized to country level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.

1 MARKET INTRODUCTION                
  1.1 Market Definition                
  1.2 Objective of the Study              
  1.3 Limitation                
  1.4 Stakeholders                
  1.5 Currency used in the Report              
2 REGULATORY FRAMEWORK                
  2.1 General Overview                
    2.1.1 European Commission Regulation for Automotive Radar      
    2.1.2 Germany Regulation for Automotive Radar        
    2.1.3 United Kingdom Regulation for Automotive Radar        
    2.1.4 Spain Regulation for Automotive Radar          
    2.1.5 Russia Regulation for Automotive Radar          
3 RESEARCH METHODOLOGY OR ASSUMPTION            
  3.1 Secondary Data                
    3.1.1 Key Secondary Sources            
  3.2 Primary Data                
    3.2.1 Sampling Techniques & Data Collection Methods        
    3.2.2 Primary Participants            
4 INDUSTRY PERFORMANCE                
5 EXECUTIVE SUMMARY                
6 MARKET OVERVIEW                  
  6.1 Introduction                
    6.1.1 Automotive Radar Market            
  6.2 Market Dynamics                
    6.2.1 Market Drivers              
      6.2.1.1 Regulatory Framework of European Commission      
      6.2.1.2 Growing Safety Awareness & Increasing deployment of ADAS features  
      6.2.1.3 Germany; Premium Market Hub        
    6.2.2 Market Restraints              
      6.2.2.1 Usage of RADAR Detectors Considered as illegal in Some Countries  
      6.2.2.2 High Vehicle Manufacturing Cost        
    6.2.3 Opportunities in the Market            
      6.2.3.1 Prospect for Automakers & Equipment Manufacturers    
      6.2.3.2 High Tech Engineering & Infrastructure Capabilities      
  6.3 Key Market Indicators (Demand & Supply scenario)          
    6.3.1 Demand and Supply Side Analysis          
7 MARKET INSIGHT, BY SENSOR TYPE              
  7.1 General Overview                
    7.1.1 Millimetre Wave Radar            
    7.1.2 Ultrasonic Radar              
    7.1.3 LiDAR                
    7.1.4 Camera                
8 MARKET INSIGHTS, BY RADAR RANGE              
  8.1 General Overview                
    8.1.1 Short Range Radar & Mid-Range Radar (S&MRR)        
    8.1.2 Long Range Radar (LRR)            
9 MARKET INSIGHTS BY APPLICATIONS              
  9.1 General Overview                
    9.1.1 Adaptive Cruise Control            
    9.1.2 Autonomous Emergency Braking          
    9.1.3 Intelligent Parking Systems            
    9.1.4 Blind Spot Detection            
    9.1.5 Collision Mitigation System            
    9.1.6 Others                
10 MARKET INSIGHTS BY FREQUENCY BAND              
  10.1 General Overview                
    10.1.1 24-GHz                
    10.1.2 77-GHz                
11 MARKET INSIGHTS BY VEHICULAR TYPE              
  11.1 General Overview                
    11.1.1 Passenger Vehicle              
    11.1.2 Luxury Vehicles              
    11.1.3 Commercial Vehicles            
12 MARKET INSIGHTS BY COUNTRY              
  12.1 General Overview                
    12.1.1 Germany Automotive Radar Market          
      12.1.1.1 Germany Automotive Radar Market, by Sensor Type    
      12.1.1.2 Germany Automotive Radar Market, by Radar Range    
      12.1.1.3 Germany Automotive Radar Market, by Application      
      12.1.1.4 Germany Automotive Radar Market, by Frequency Band    
      12.1.1.5 Germany Automotive Radar Market, by Vehicle Type    
    12.1.2 France Automotive Radar Market          
      12.1.2.1 France Automotive Radar Market, by Sensor Type      
      12.1.2.2 France Automotive Radar Market, by Radar Range      
      12.1.2.3 France Automotive Radar Market, by Application      
      12.1.2.4 France Automotive Radar Market, by Frequency Band    
      12.1.2.5 France Automotive Radar Market, by Vehicle Type      
    12.1.3 United Kingdom Automotive Radar Market        
      12.1.3.1 UK Automotive Radar Market, by Sensor Type      
      12.1.3.2 UK Automotive Radar Market, by Radar Range      
      12.1.3.3 UK Automotive Radar Market, by Application      
      12.1.3.4 UK Automotive Radar Market, by Frequency Band      
      12.1.3.5 UK Automotive Radar Market, by Vehicle Type      
    12.1.4 Spain Automotive Radar Market          
      12.1.4.1 Spain Automotive Radar Market, by Sensor Type      
      12.1.4.2 Spain Automotive Radar Market, by Radar Range      
      12.1.4.3 Spain Automotive Radar Market, by Application      
      12.1.4.4 Spain Automotive Radar Market, by Frequency Band    
      12.1.4.5 Spain Automotive Radar Market, by Vehicle Type      
    12.1.5 Russia Automotive Radar Market          
      12.1.5.1 Russia Automotive Radar Market, by Sensor Type      
      12.1.5.2 Russia Automotive Radar Market, by Radar Range      
      12.1.5.3 Russia Automotive Radar Market, by Application      
      12.1.5.4 Russia Automotive Radar Market, by Frequency Band    
      12.1.5.5 Russia Automotive Radar Market, by Vehicle Type      
    12.1.6 Italy Automotive Radar Market          
      12.1.6.1 Italy Automotive Radar Market, by Sensor Type      
      12.1.6.2 Italy Automotive Radar Market, by Radar Range      
      12.1.6.3 Italy Automotive Radar Market, by Application      
      12.1.6.4 Italy Automotive Radar Market, by Frequency Band      
      12.1.6.5 Italy Automotive Radar Market, by Vehicle Type      
    12.1.7 Rest of Europe Automotive Radar Market        
      12.1.7.1 Rest of Europe Automotive Radar Market, by Sensor Type    
      12.1.7.2 Rest of Europe Automotive Radar Market, by Radar Range    
      12.1.7.3 Rest of Europe Automotive Radar Market, by Application    
      12.1.7.4 Rest of Europe Automotive Radar Market, by Frequency Band    
      12.1.7.5 Rest of Europe Automotive Radar Market, by Vehicle Type    
13 COMPETITIVE SCENARIO                
  13.1 Europe Automotive Radar Market Share by Key Players, 2017        
14 COMPANY PROFILES                
  14.1 Continental AG                
    14.1.1 Key Facts                
    14.1.2 Business Description            
    14.1.3 Key Product/Services Offerings          
    14.1.4 Growth Strategy              
    14.1.5 SWOT Analysis              
    14.1.6 Key Financials              
      14.1.6.1 Revenue Split by Region          
      14.1.6.2 Revenue Split by Product or others        
    14.1.7 Recent developments            
  14.2 Robert Bosch GmbH                
    14.2.1 Key Facts                
    14.2.2 Business Description            
    14.2.3 Key Product/Services Offerings          
    14.2.4 Growth Strategy              
    14.2.5 SWOT Analysis              
    14.2.6 Key Financials              
      14.2.6.1 Revenue Split by Region          
      14.2.6.2 Revenue Split by Product or others        
    14.2.7 Recent developments            
  14.3 Denso Corporation                
    14.3.1 Key Facts                
    14.3.2 Business Description            
    14.3.3 Key Product/Services Offerings          
    14.3.4 Growth Strategy              
    14.3.5 SWOT Analysis              
    14.3.6 Key Financials              
      14.3.6.1 Revenue Split by Region          
      14.3.6.2 Revenue Split by Product or others        
    14.3.7 Recent developments            
  14.4 Delphi Automotive Plc              
    14.4.1 Key Facts                
    14.4.2 Business Description            
    14.4.3 Key Product/Services Offerings          
    14.4.4 Growth Strategy              
    14.4.5 SWOT Analysis              
    14.4.6 Key Financials              
      14.4.6.1 Revenue Split by Region          
      14.4.6.2 Revenue Split by Product or others        
    14.4.7 Recent developments            
  14.5 Infineon Technologies AG              
    14.5.1 Key Facts                
    14.5.2 Business Description            
    14.5.3 Key Product/Services Offerings          
    14.5.4 Growth Strategy              
    14.5.5 SWOT Analysis              
    14.5.6 Key Financials              
      14.5.6.1 Revenue Split by Region          
      14.5.6.2 Revenue Split by Product or others        
    14.5.7 Recent developments            
  14.6 NXP Semiconductors NV              
    14.6.1 Key Facts                
    14.6.2 Business Description            
    14.6.3 Key Product/Services Offerings          
    14.6.4 Growth Strategy              
    14.6.5 SWOT Analysis              
    14.6.6 Key Financials              
      14.6.6.1 Revenue Split by Region          
      14.6.6.2 Revenue Split by Product or others        
    14.6.7 Recent developments            
  14.7 Valeo SA                  
    14.7.1 Key Facts                
    14.7.2 Business Description            
    14.7.3 Key Product/Services Offerings          
    14.7.4 Growth Strategy              
    14.7.5 SWOT Analysis              
    14.7.6 Key Financials              
      14.7.6.1 Revenue Split by Region          
      14.7.6.2 Revenue Split by Product or others        
    14.7.7 Recent developments            
  14.8 Analog Devices Inc                
    14.8.1 Key Facts                
    14.8.2 Business Description            
    14.8.3 Key Product/Services Offerings          
    14.8.4 Growth Strategy              
    14.8.5 SWOT Analysis              
    14.8.6 Key Financials                
      14.8.6.1 Revenue Split by Region          
      14.8.6.2 Revenue Split by Product or others        
    14.8.7 Recent developments            
  14.9 Hella KGaA Hueck and Co              
    14.9.1 Key Facts                
    14.9.2 Business Description            
    14.9.3 Key Product/Services Offerings          
    14.9.4 Growth Strategy              
    14.9.5 SWOT Analysis              
    14.9.6 Key Financials              
      14.9.6.1 Revenue Split by Region          
      14.9.6.2 Revenue Split by Product or others        
    14.9.7 Recent developments            
  14.10 Texas Instruments Inc              
    14.10.1 Key Facts                
    14.10.2 Business Description            
    14.10.3 Key Product/Services Offerings          
    14.10.4 Growth Strategy              
    14.10.5 SWOT Analysis              
    14.10.6 Key Financials              
      14.10.6.1 Revenue Split by Region          
      14.10.6.2 Revenue Split by Product or others        
    14.10.7 Recent developments            

Analysing historical market, estimation of the current market and forecasting the future market for European Automotive Radar technology were the three major steps involved in creating and analysing the overall adoption rate of Automotive Radar in major European countries. Exhaustive secondary research was conducted to collect the historical market of the technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the European Automotive Radars market. After all the assumption, market sizing and validation of market numbers through primary interviews, top-down approach was employed to forecast the complete market size of the European Automotive Radar market. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyse the market size of segments and sub-segments of the European automotive radar market. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the European Automotive Radar Market through company internal sources such as annual report & financial statements, performance presentations, press releases, inventory records etc. and external sources including trade journals, news & articles, government publications, economic data, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other creditable publications. For vehicle production and sales related data International Organization of Motor Vehicle Manufacturers was used.

Step 2: Market Segmentation:

After obtaining historical market size of the overall market, detailed secondary analysis was conducted to gather historical market insights and share for different segments & sub-segments of the European Automotive Radar Market. Major segments included in the report are sensor type, radar range, frequency bands, application, and vehicle type. Further analysis was also done for sub-segments of the major segments of the European Automotive Radar Market.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market of the European Automotive Radar technology. Factor analysis was conducted using dependent and independent variable such as the Changing vehicle safety regulation, increasing adoption of advanced driver assistance system (ADAS) technology and increasing number of radar sensors used per vehicle. Stringent government regulations, mandating rear-view camera system and lane departure warning technologies in vehicles which has also stimulated the growth of the automotive radar technology were considered while conducting the study. Historical trends of the European Automotive Radar Market and their year-on-year impact on the market size and share in the recent past was analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in major applications and markets, market shares of these players, industry’s supply chain, and value chain of the industry. All the required percentage shares, splits, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers, restraints, and trends and opportunities available in the market. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2024 for different segment and sub-segments in major European countries. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size of the European automotive radar technology, in terms of value (US$) and the overall rate of adoption of Automotive Radars technology in major European country
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in major applications and markets as well as market share of each players. Also, the growth strategies adopted by these players to compete in the ever-growing European automotive radar technology market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head etc.). Primary research findings were summarized, and statistical analysis was performed to prove the stated hypothesis. Input from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants

Market Engineering

Data triangulation technique was employed to complete the overall market engineering process and to arrive precise statistical numbers of each segment and sub-segment pertaining to the European Automotive Radar Market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of sensor type, radar range, frequency bands, application and vehicle type

Main objective of the European Automotive Radars Market Study

The current & future market trends of the European Automotive Radar market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as first mover advantage. Other quantitative goal of the studies includes:

  • Analyse the current and forecast market size of European Automotive Radar Market in terms of value (US$)
  • Analyse the current and forecast market size of different segments and sub-segments of the European Automotive Radar technology. Segments included in the study are sensor type, radar range, frequency bands, application, and vehicle type
  • Define and describe the technologies and protocols used in Automotive Radar technology
  • Anticipate potential risk associated with the technology and customer and competitor analysis among others
  • Define and analysis of the government regulations for Automotive Radar in major European countries
  • Analyse the current and forecast market size of the European automotive radar market, in terms of value for major European countries including Germany, France, UK, Spain, Russia, Italy and Other Countries of Europe
  • Defile and analyse the competitive landscape of the European Automotive Radar market and the growth strategies adopted by the market players to sustain in the ever-growing market

Analysing historical market, estimation of the current market and forecasting the future market for European Automotive Radar technology were the three major steps involved in creating and analysing the overall adoption rate of Automotive Radar in major European countries. Exhaustive secondary research was conducted to collect the historical market of the technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the European Automotive Radars market. After all the assumption, market sizing and validation of market numbers through primary interviews, top-down approach was employed to forecast the complete market size of the European Automotive Radar market. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyse the market size of segments and sub-segments of the European automotive radar market. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the European Automotive Radar Market through company internal sources such as annual report & financial statements, performance presentations, press releases, inventory records etc. and external sources including trade journals, news & articles, government publications, economic data, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other creditable publications. For vehicle production and sales related data International Organization of Motor Vehicle Manufacturers was used.

Step 2: Market Segmentation:

After obtaining historical market size of the overall market, detailed secondary analysis was conducted to gather historical market insights and share for different segments & sub-segments of the European Automotive Radar Market. Major segments included in the report are sensor type, radar range, frequency bands, application, and vehicle type. Further analysis was also done for sub-segments of the major segments of the European Automotive Radar Market.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market of the European Automotive Radar technology. Factor analysis was conducted using dependent and independent variable such as the Changing vehicle safety regulation, increasing adoption of advanced driver assistance system (ADAS) technology and increasing number of radar sensors used per vehicle. Stringent government regulations, mandating rear-view camera system and lane departure warning technologies in vehicles which has also stimulated the growth of the automotive radar technology were considered while conducting the study. Historical trends of the European Automotive Radar Market and their year-on-year impact on the market size and share in the recent past was analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in major applications and markets, market shares of these players, industry’s supply chain, and value chain of the industry. All the required percentage shares, splits, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers, restraints, and trends and opportunities available in the market. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2024 for different segment and sub-segments in major European countries. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size of the European automotive radar technology, in terms of value (US$) and the overall rate of adoption of Automotive Radars technology in major European country
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in major applications and markets as well as market share of each players. Also, the growth strategies adopted by these players to compete in the ever-growing European automotive radar technology market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head etc.). Primary research findings were summarized, and statistical analysis was performed to prove the stated hypothesis. Input from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants

Market Engineering

Data triangulation technique was employed to complete the overall market engineering process and to arrive precise statistical numbers of each segment and sub-segment pertaining to the European Automotive Radar Market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of sensor type, radar range, frequency bands, application and vehicle type

Main objective of the European Automotive Radars Market Study

The current & future market trends of the European Automotive Radar market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as first mover advantage. Other quantitative goal of the studies includes:

  • Analyse the current and forecast market size of European Automotive Radar Market in terms of value (US$)
  • Analyse the current and forecast market size of different segments and sub-segments of the European Automotive Radar technology. Segments included in the study are sensor type, radar range, frequency bands, application, and vehicle type
  • Define and describe the technologies and protocols used in Automotive Radar technology
  • Anticipate potential risk associated with the technology and customer and competitor analysis among others
  • Define and analysis of the government regulations for Automotive Radar in major European countries
  • Analyse the current and forecast market size of the European automotive radar market, in terms of value for major European countries including Germany, France, UK, Spain, Russia, Italy and Other Countries of Europe
  • Defile and analyse the competitive landscape of the European Automotive Radar market and the growth strategies adopted by the market players to sustain in the ever-growing market

Europe Market Insights on Automotive Radar: Insights and Forecast, 2018-2024