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

$3999$7577

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)

Published:

Sep-2018

Pages:

108

Table:

64

Figure:

65

Report ID:

UMAU18102

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

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.

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 1.1Market Definition       
 1.2Objective of the Study      
 1.3Limitation       
 1.4Stakeholders       
 1.5Currency used in the Report
 2.1General Overview       
  2.1.1United States Regulation for Automotive Radar   
  2.1.2Canada Regulation for Automotive Radar    
  2.1.3Mexico Regulation for Automotive Radar
 3.1Secondary Data       
  3.1.1Key Secondary Sources     
 3.2Primary Data       
  3.2.1Sampling Techniques & Data Collection Methods   
  3.2.2Primary Participants
 6.1Introduction       
  6.1.1Automotive Radar Market     
 6.2Market Dynamics       
  6.2.1Market Drivers      
   6.2.1.1Stringent Government Regulation Pertaining to Vehicle Safety
   6.2.1.2Early Adopters of Modern Vehicular Technology  
   6.2.1.3Rising Road Fatalities & Increased Adoption of ADAS Technology
   6.2.1.4Burgeoning Urbanization & Changing Consumer Lifestyles 
   6.2.1.5Stimulating Demand for Luxury Segment Vehicles  
  6.2.2Market Restraints      
   6.2.2.1Usage of RADAR Detectors Considered as Illegal in Some Countries
   6.2.2.2High Installation Cost    
  6.2.3Opportunities in the Market     
   6.2.3.1Rising Interest & Funding towards Autonomous Cars 
   6.2.3.2Presence of Automotive Sensor market   
 6.3Key Market Indicators (Demand & Supply scenario)    
  6.3.1Demand and Supply Side Analysis
 7.1General Overview       
  7.1.1Millimetre Wave Radar     
  7.1.2Ultrasonic Radar      
  7.1.3LiDAR       
  7.1.4Camera
 8.1General Overview       
  8.1.1Short Range Radar & Mid-Range Radar (S&MRR)   
  8.1.2Long Range Radar (LRR)
 9.1General Overview       
  9.1.1Adaptive Cruise Control     
  9.1.2Autonomous Emergency Braking    
  9.1.3Intelligent Parking Systems     
  9.1.4Blind Spot Detection     
  9.1.5Collision Mitigation System     
  9.1.6Others
 10.1General Overview       
  10.1.124-GHz       
  10.1.277-GHz
 11.1General Overview       
  11.1.1Passenger Vehicle      
  11.1.2Luxury Vehicles      
  11.1.3Commercial Vehicles
 12.1General Overview       
  12.1.1United States Automotive Radar Market    
   12.1.1.1United States Automotive Radar Market, by Sensor Type 
   12.1.1.2United States Automotive Radar Market, by Radar Range 
   12.1.1.3United States Automotive Radar Market, by Application 
   12.1.1.4United States Automotive Radar Market, by Frequency Band 
   12.1.1.5United States Automotive Radar Market, by Vehicle Type 
  12.1.2Canada Automotive Radar Market    
   12.1.2.1Canada Automotive Radar Market, by Sensor Type  
   12.1.2.2Canada Automotive Radar Market, by Radar Range  
   12.1.2.3Canada Automotive Radar Market, by Application  
   12.1.2.4Canada Automotive Radar Market, by Frequency Band 
   12.1.2.5Canada Automotive Radar Market, by Vehicle Type  
  12.1.3Mexico Automotive Radar Market    
   12.1.3.1Mexico Automotive Radar Market, by Sensor Type  
   12.1.3.2Mexico Automotive Radar Market, by Radar Range  
   12.1.3.3Mexico Automotive Radar Market, by Application  
   12.1.3.4Mexico Automotive Radar Market, by Frequency Band 
   12.1.3.5Mexico Automotive Radar Market, by Vehicle Type  
  12.1.4Rest of North America Automotive Radar Market   
   12.1.4.1Rest of NA Automotive Radar Market, by Sensor Type 
   12.1.4.2Rest of NA Automotive Radar Market, by Radar Range 
   12.1.4.3Rest of NA Automotive Radar Market, by Application 
   12.1.4.4Rest of NA Automotive Radar Market, by Frequency Band 
   12.1.4.5Rest of NA Automotive Radar Market, by Vehicle Type
 13.1North America Automotive Radar Market Share, by key Players 2017
 14.1Continental AG       
  14.1.1Key Facts       
  14.1.2Business Description     
  14.1.3Key Product/Services Offerings    
  14.1.4Growth Strategy      
  14.1.5SWOT Analysis      
  14.1.6Key Financials      
   14.1.6.1Revenue Split by Region    
   14.1.6.2Revenue Split by Product or others   
  14.1.7Recent developments     
 14.2Robert Bosch GmbH       
  14.2.1Key Facts       
  14.2.2Business Description     
  14.2.3Key Product/Services Offerings    
  14.2.4Growth Strategy      
  14.2.5SWOT Analysis      
  14.2.6Key Financials      
   14.2.6.1Revenue Split by Region    
   14.2.6.2Revenue Split by Product or others   
  14.2.7Recent developments     
 14.3Denso Corporation       
  14.3.1Key Facts       
  14.3.2Business Description     
  14.3.3Key Product/Services Offerings    
  14.3.4Growth Strategy      
  14.3.5SWOT Analysis      
  14.3.6Key Financials      
   14.3.6.1Revenue Split by Region    
   14.3.6.2Revenue Split by Product or others   
  14.3.7Recent developments     
 14.4Delphi Automotive Plc      
  14.4.1Key Facts       
  14.4.2Business Description     
  14.4.3Key Product/Services Offerings    
  14.4.4Growth Strategy      
  14.4.5SWOT Analysis      
  14.4.6Key Financials      
   14.4.6.1Revenue Split by Region    
   14.4.6.2Revenue Split by Product or others   
  14.4.7Recent developments     
 14.5Infineon Technologies AG      
  14.5.1Key Facts       
  14.5.2Business Description     
  14.5.3Key Product/Services Offerings    
  14.5.4Growth Strategy      
  14.5.5SWOT Analysis      
  14.5.6Key Financials      
   14.5.6.1Revenue Split by Region    
   14.5.6.2Revenue Split by Product or others   
  14.5.7Recent developments     
 14.6NXP Semiconductors NV      
  14.6.1Key Facts       
  14.6.2Business Description     
  14.6.3Key Product/Services Offerings    
  14.6.4Growth Strategy      
  14.6.5SWOT Analysis      
  14.6.6Key Financials      
   14.6.6.1Revenue Split by Region    
   14.6.6.2Revenue Split by Product or others   
  14.6.7Recent developments     
 14.7Valeo SA        
  14.7.1Key Facts       
  14.7.2Business Description     
  14.7.3Key Product/Services Offerings    
  14.7.4Growth Strategy      
  14.7.5SWOT Analysis      
  14.7.6Key Financials      
   14.7.6.1Revenue Split by Region    
   14.7.6.2Revenue Split by Product or others   
  14.7.7Recent developments     
 14.8Analog Devices Inc       
  14.8.1Key Facts       
  14.8.2Business Description     
  14.8.3Key Product/Services Offerings    
  14.8.4Growth Strategy      
  14.8.5SWOT Analysis      
  14.8.6Key Financials       
   14.8.6.1Revenue Split by Region    
   14.8.6.2Revenue Split by Product or others   
  14.8.7Recent developments     
 14.9Hella KGaA Hueck and Co      
  14.9.1Key Facts       
  14.9.2Business Description     
  14.9.3Key Product/Services Offerings    
  14.9.4Growth Strategy      
  14.9.5SWOT Analysis      
  14.9.6Key Financials      
   14.9.6.1Revenue Split by Region    
   14.9.6.2Revenue Split by Product or others   
  14.9.7Recent developments     
 14.10Texas Instruments Inc      
  14.10.1Key Facts       
  14.10.2Business Description     
  14.10.3Key Product/Services Offerings    
  14.10.4Growth Strategy      
  14.10.5SWOT Analysis      
  14.10.6Key Financials      
   14.10.6.1Revenue Split by Region    
   14.10.6.2Revenue Split by Product or others   
  14.10.7Recent developments

Research Methodology

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