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

North 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)

$ 2000
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$3920

Published: Sep-2018

Pages:108

Table:40

Figure:64

Report ID:UMAU18102

North America is one of the fastest growing regions for automotive radar market. The region majorly includes countries such as the U.S., Canada and Mexico, among others. The region is home of to some of the leading automotive OEMs and radar system manufacturers.  Analog Devices Inc., Texas Instruments Inc., Continental AG, Robert Bosch GmbH, Infineon Technologies AG and Aptiv Plc, among others are some of the most prominent players operating in North America Automotive radar market. Further, the government regulations mandating the use of advanced safety features in vehicles across the region is also fueling the demand of radars in automotive industry. In addition to it, the increased road fatalities, burgeoning urbanization, changing consumer lifestyles, and stimulating demand of radar in luxury vehicle segment are other major factors that are monitoring the growth of North America automotive radar market. On the other side, high installation cost of the automotive radar and ban on radar detectors in some of the states such as Washington DC and Virginia are attributed to be the market restraints hampering the market growth. However the growing interest and funding towards autonomous cars and growth of semiconductor industry working towards this technology in the region are some of the potential business opportunities in the market.

Insights Presented in the Report:

  • Automotive radar market of North America is segmented based on the range of the radar that 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 segment 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.
  • The study further includes a segmentation of the market across frequency bands that includes 24 GHz and 77 GHz. Due to the high demand for 24 GHz radars in North America, this segment held the highest market share in 2017, however by 2021, the market value of 77 GHz radars is anticipate to exceed the market value of 24 GHz radar and will remain in the same position by 2024.
  • North America’s automotive radar market is fragmented across different vehicle types such as passenger vehicles, luxury vehicles 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.
  • For a deep dive analysis on the North American automotive radar market, a country level segmentation is also incorporated in the study. The segment includes the major countries such as the U.S, Canada, Mexico and rest of North America. The U.S is the biggest market across the region and it is anticipated that the country is hold dominance during the forecast period. The presence of considerable number of automotive electronics manufacturers and automakers which is primarily backed by low-cost manufacturing, free trade agreements, tax structure, economic stability, favourable regulatory framework and others in the country is motoring the growth of the U.S 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 North 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 States Regulation for Automotive Radar      
    2.1.2 Canada Regulation for Automotive Radar        
    2.1.3 Mexico 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 Stringent Government Regulation Pertaining to Vehicle Safety
      6.2.1.2 Early Adopters of Modern Vehicular Technology    
      6.2.1.3 Rising Road Fatalities & Increased Adoption of ADAS Technology
      6.2.1.4 Burgeoning Urbanization & Changing Consumer Lifestyles  
      6.2.1.5 Stimulating Demand for Luxury Segment Vehicles    
    6.2.2 Market Restraints            
      6.2.2.1 Usage of RADAR Detectors Considered as Illegal in Some Countries
      6.2.2.2 High Installation Cost        
    6.2.3 Opportunities in the Market          
      6.2.3.1 Rising Interest & Funding towards Autonomous Cars  
      6.2.3.2 Presence of Automotive Sensor market      
  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 United States Automotive Radar Market        
      12.1.1.1 United States Automotive Radar Market, by Sensor Type  
      12.1.1.2 United States Automotive Radar Market, by Radar Range  
      12.1.1.3 United States Automotive Radar Market, by Application  
      12.1.1.4 United States Automotive Radar Market, by Frequency Band  
      12.1.1.5 United States Automotive Radar Market, by Vehicle Type  
    12.1.2 Canada Automotive Radar Market        
      12.1.2.1 Canada Automotive Radar Market, by Sensor Type    
      12.1.2.2 Canada Automotive Radar Market, by Radar Range    
      12.1.2.3 Canada Automotive Radar Market, by Application    
      12.1.2.4 Canada Automotive Radar Market, by Frequency Band  
      12.1.2.5 Canada Automotive Radar Market, by Vehicle Type    
    12.1.3 Mexico Automotive Radar Market        
      12.1.3.1 Mexico Automotive Radar Market, by Sensor Type    
      12.1.3.2 Mexico Automotive Radar Market, by Radar Range    
      12.1.3.3 Mexico Automotive Radar Market, by Application    
      12.1.3.4 Mexico Automotive Radar Market, by Frequency Band  
      12.1.3.5 Mexico Automotive Radar Market, by Vehicle Type    
    12.1.4 Rest of North America Automotive Radar Market      
      12.1.4.1 Rest of NA Automotive Radar Market, by Sensor Type  
      12.1.4.2 Rest of NA Automotive Radar Market, by Radar Range  
      12.1.4.3 Rest of NA Automotive Radar Market, by Application  
      12.1.4.4 Rest of NA Automotive Radar Market, by Frequency Band  
      12.1.4.5 Rest of NA Automotive Radar Market, by Vehicle Type  
13 COMPETITIVE SCENARIO              
  13.1 North America 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 North American Automotive Radar technology were the three major steps involved in creating and analysing the overall adoption rate of Automotive Radar in major North 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 North 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 North 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 North 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 North 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 North 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 North 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 North 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 North American countries. The research methodology adopted to estimate the market size encompasses:

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

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

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

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

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

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

 


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