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

Latin America 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)

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Published: Sep-2018

Pages:108

Table:40

Figure:64

Report ID:UMAU18106

Brazil, Argentina, Chile, and Colombia are some of the top automotive markets in Latin America. The region is witnessing a positive curve in the number of new vehicle registration during the past few years. The growing middle class economy, increasing number of thefts and accidents on the road has further increased the demand of highly advanced safety features in the vehicles. Owing to which an increase in the demand of radar detectors vehicles is registered in the region. In addition to this the commencement of several auto programs are also expected to fuel the market growth. On the other hand, the high taxation rates and high production cost within the region are attributed as the factors hampering the market growth in the region.

Market Segmentation

  • LATAM Automotive radar market is segmented based on the range of the radars that includes short and medium range radar (S&MRR) and long range radar (LRR). In 2017, S&MRR segment dominated over LRR and was valued at $61.26 million however LRR is anticipated to be the fastest growing market with a CAGR of 32.8% 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 market value of autonomous emergency braking application is anticipated to be the fastest growing during the forecast period.
  • The study further includes the segmentation across different frequency bands that include 24 GHz and 77 GHz. Between 2014 to 2020, 22 GHz segment dominated the market. However from 2021, the market value of 77 GHz radars is anticipated to exceed the market of 24 GHz radar and reach $303.69 million by 2024.
  • LA automotive radar market is also fragmented across different vehicle types that include passenger vehicles, luxury vehicles and commercial vehicles. In 2017, passenger vehicles segment dominated the market and was valued at $61.21 million and is projected to reach $XX million by the end of forecast period. Adding to this, the increase in demand of radar systems in the luxury vehicles segment is expected to propel the luxury vehicles segment making it the fastest growing market during the forecast period.
  • For an in-depth understanding of the LA automotive radar market, the market is further segmented across different countries that are Brazil, Argentina, Chile and Rest of LA. In 2017, Brazil dominated Latin America automotive radar market in 2017 and is expected to remain dominant during the forecast period.

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 Latin America 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 United Arab Emirates Regulation for Automotive Radar      
    2.1.2 Saudi Arabia Regulation for Automotive Radar        
    2.1.3 Chile 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 Increasing Number of Thefts and Accidents of Vehicles    
      6.2.1.2 Growing Middle Class Economy        
      6.2.1.3 Commencement of Various Auto Programs      
    6.2.2 Market Restraints              
      6.2.2.1 High taxation rates            
      6.2.2.2 Excessive Cost of Production          
    6.2.3 Opportunities in the Market            
      6.2.3.1 Brazil: Automotive Manufacturing and Sales HUB      
      6.2.3.2 Currency Depreciation & Foreign Direct Investment (FDI)    
  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 Brazil Automotive Radar Market          
      12.1.1.1 Brazil Automotive Radar Market, by Sensor Type      
      12.1.1.2 Brazil Automotive Radar Market, by Radar Range      
      12.1.1.3 Brazil Automotive Radar Market, by Application      
      12.1.1.4 Brazil Automotive Radar Market, by Frequency Band    
      12.1.1.5 Brazil Automotive Radar Market, by Vehicle Type      
    12.1.2 Argentina Automotive Radar Market          
      12.1.2.1 Argentina Automotive Radar Market, by Sensor Type    
      12.1.2.2 Argentina Automotive Radar Market, by Radar Range    
      12.1.2.3 Argentina Automotive Radar Market, by Application    
      12.1.2.4 Argentina Automotive Radar Market, by Frequency Band    
      12.1.2.5 Argentina Automotive Radar Market, by Vehicle Type    
    12.1.3 Chile Automotive Radar Market          
      12.1.3.1 Chile Automotive Radar Market, by Sensor Type      
      12.1.3.2 Chile Automotive Radar Market, by Radar Range      
      12.1.3.3 Chile Automotive Radar Market, by Application      
      12.1.3.4 Chile Automotive Radar Market, by Frequency Band    
      12.1.3.5 Chile Automotive Radar Market, by Vehicle Type      
    12.1.4 Rest of Latin America Automotive Radar Market        
      12.1.4.1 Rest of Latin America Automotive Radar Market, by Sensor Type  
      12.1.4.2 Rest of Latin America Automotive Radar Market, by Radar Range  
      12.1.4.3 Rest of Latin America Automotive Radar Market, by Application  
      12.1.4.4 Rest of Latin America Automotive Radar Market, by Frequency Band  
      12.1.4.5 Rest of Latin America Automotive Radar Market, by Vehicle Type  
13 COMPETITIVE SCENARIO                
  13.1 Latin America Automotive Radar Market Share, 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 Latin American Automotive Radar technology were the three major steps involved in creating and analysing the overall adoption rate of Automotive Radar in major Latin American 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 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 Latin American 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 Latin American 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 Latin American 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 Latin American 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 Latin American 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 Latin American 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 Latin American 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 Latin American countries. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size of the Latin American automotive radar technology, in terms of value (US$) and the overall rate of adoption of Automotive Radars technology in major Latin American 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 Latin American 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 Latin American 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 Latin American Automotive Radars Market Study

The current & future market trends of the Latin American 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 Latin American Automotive Radar Market in terms of value (US$)
  • Analyse the current and forecast market size of different segments and sub-segments of the Latin American 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 Latin American countries
  • Analyse the current and forecast market size of the Latin American automotive radar market, in terms of value for major Latin American countries including Brazil, Argentina, Chile and Rest of Latin America

Defile and analyse the competitive landscape of the Latin American 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 Latin American Automotive Radar technology were the three major steps involved in creating and analysing the overall adoption rate of Automotive Radar in major Latin American 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 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 Latin American 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 Latin American 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 Latin American 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 Latin American 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 Latin American 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 Latin American 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 Latin American 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 Latin American countries. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size of the Latin American automotive radar technology, in terms of value (US$) and the overall rate of adoption of Automotive Radars technology in major Latin American 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 Latin American 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 Latin American 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 Latin American Automotive Radars Market Study

The current & future market trends of the Latin American 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 Latin American Automotive Radar Market in terms of value (US$)
  • Analyse the current and forecast market size of different segments and sub-segments of the Latin American 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 Latin American countries
  • Analyse the current and forecast market size of the Latin American automotive radar market, in terms of value for major Latin American countries including Brazil, Argentina, Chile and Rest of Latin America

Defile and analyse the competitive landscape of the Latin American Automotive Radar market and the growth strategies adopted by the market players to sustain in the ever-growing market

 


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