Radar Based In-Cabin Sensing Systems Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Application (Driver Monitoring Systems, Passenger Occupant Systems, Gesture UI Control, Theft Prevention Systems, Others); Vehicle Types (SUVs, Sedans, Hatchback, Others); and Region & Country

Published:

Apr-2021

Pages:

222

Table:

53

Figure:

134

Report ID:

UMAU21217

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Report Description
Table of content
Research Methodology

Report Description

A rise in vehicle accidents is one of the key factors contributing to the growth of the market. As per the World Health Organization, approximately 1.35 million people die each year because of road traffic crashes. More than 90% of road traffic deaths occur in low- and middle-income countries. Moreover, driver distraction is one of the prominent reasons for the vehicle crash accident. As per a study, around 11% of the vehicle crashes in the United States happened due to a driver’s mistake. In Addition, road traffic injury death rates are highest in the African region. As per International Telecommunication Union, technology-caused driver distraction is a global problem and has its stake in the more than 1.2 million people dying in road crashes each year. Some of the main internal sources of driver distraction are adjusting temperature controls, moving an object in the vehicle, using a device or object integral to the vehicle, as revealed by WHO.

Moreover, the demand for passenger occupancy systems due to the surging number of child fatalities in hot cars is adding growth to the market of in-cabin sensing systems. As per National Safety Council, 2018 was the deadliest year on record in the past 20 years (since 1998) as 53 children died in hot cars. Since 1998, around 800 children’s have died in hot cars, and out of that 54.2% of deaths happened due to the forgetting a child in a vehicle by a caregiver, 25.2% of deaths happened as the child gained access to the vehicle and 19.1% deaths happened due to knowingly leave the child in the vehicle.

Also, the COVID-19 adversely impacted the production and inventories of automobiles and their components. Worldwide, the sector has experienced a collapse in demand for new vehicles of something in the order of 30 percent as a result of the crisis. The exact reduction varies by region, with China experiencing a decline of about 23 percent and Europe suffering a decline closer to 40 percent, with variations within regions.

Effectiveness of Safety Systems

Hyundai, Robert Bosch, Bit sensing, General Motors, Texas Instruments, Infineon Technologies, Denso Corporation, Jaguar (JRL), NXP, Smart Radar Systems, etc., are some of the prominent players operating in the Radar Based In-Cabin Sensing Systems market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

Insights Presented in the Report

“Amongst Application, Driver monitoring systems segment holds the major share”

Based on the application type, the market is fragmented into Driver monitoring systems, passenger occupant systems, gesture UI control, Theft prevention systems, and Others. The driver monitoring systems segment dominated the market with a share of 46% in 2020 and is expected to maintain its dominance during the forecast period owing to the emerging demand for safety and security in an automobile.

“Amongst Vehicle Type, SUVs segment dominated the market during the forecast period”

Based on vehicle type, the market is mainly fragmented into SUVs, Sedans, Hatchbacks, and Others. In 2020, the SUVs segment accounted for a maximum market revenue share of 57.2% and is expected to remain dominant during the analyzed period. The affordable prices of cars coupled with the launch of new models are leading to the growth of this segment.

“North America represents one of the largest markets of Radar Based In-Cabin Sensing Systems market”

For a better understanding of the market dynamics of the Radar Based In-Cabin Sensing Systems Market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of US$ 148.6 million in 2020 owing to the rising per capita income coupled with the emerging number of vehicle sales. As per data released by the Bureau of transportation statistics, the car sales in U.S and Canada reached 14,665,787 and 1,656,775 units respectively in 2020.

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  • 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 an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

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1.1 Market Definitions
1.2 Objective of the Study
1.3 Limitation
1.4 Stake Holders
1.5 Currency Used in Report
1.6 Scope of the Radar Based In-Cabin Sensing Systems Market Study

2.1  Research Methodology for the Radar Based In-Cabin Sensing Systems Market
       2.1.1 Main Objective of the Radar Based In-Cabin Sensing Systems Market

INDUSTRY PERFORMANCE

EXECUTIVE SUMMARY

TOP START-UPs UNDER RADAR BASED IN-CABIN SENSING SYSTEMS MARKET

COVID-19 IMPACT

GLOBAL RADAR BASED IN-CABIN SENSING SYSTEMS MARKET REVENUE

8.1 Driver Monitoring Systems
8.2 Passenger Occupant Systems
8.3 Gesture UI Control
8.4 Theft Prevention Systems
8.5 Others

9.1 SUVs
9.2 Sedans
9.3 Hatchback
9.4 Others

10.1 North America Radar Based In-Cabin Sensing Systems Market
       10.1.1 United States
       10.1.2 Canada
       10.1.3 Rest of North America
10.2 Europe Radar Based In-Cabin Sensing Systems Market
       10.2.1 Germany
       10.2.2 France
       10.2.3 United Kingdom
       10.2.4 Spain
       10.2.5 Italy
       10.2.6 Rest of Europe
10.3 Asia Pacific Radar Based In-Cabin Sensing Systems Market
         10.3.1 China
         10.3.2 Japan
         10.3.3 India
         10.3.4 Australia
         10.3.5 Rest of Asia Pacific
         10.4 Rest of the World Radar Based In-Cabin Sensing Systems Market

11.1 Market Drivers
11.2 Market Challenges
11.3 Impact Analysis

LEGAL & REGULATORY FRAMEWORK

13.1 Demand Side Analysis
13.2 Supply Side Analysis
         13.2.1 Top Product Launches
         13.2.2 Top Business Partnerships
         13.2.3 Top Merger & Acquisitions

VALUE CHAIN ANALYSIS

RADAR BASED IN-CABIN SENSING SYSTEMS MARKET OPPORTUNITIES

17.1 Porter’s Five forces analysis
        17.1.1 Bargaining power of Supplier
        17.1.2 Bargaining power of Buyer
        17.1.3 Industry Rivalry
        17.1.4 Availability of Substitute
        17.1.5 Threat of new Entrants

18.1 General Motors
          18.1.1 Key Facts
          18.1.2 Business Description
          18.1.3 Key Product/Services Offerings
          18.1.4 Growth Strategy
          18.1.5 SWOT Analysis
          18.1.6 Key Financials
                      18.1.6.1 Revenue Split
                      18.1.6.2 Financial Overview of General Motors
          18.1.7 Recent Developments
                      18.1.7.1 Product Launch
                      18.1.7.2 Partnerships
                      18.1.7.3 Business Expansion and Investments
                      18.1.7.4 Merger and Acquisition

18.2 Jaguar (JRL)
18.3 NXP Semiconductors NV
18.4 Texas Instruments
18.5 Bitsensing Inc
18.6 Robert Bosch Inc.
18.7 Infineon Technologies
18.8 Denso Corporation
18.9 Smart Radar Systems

DISCLAIMER

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Radar Based In-Cabin Sensing Systems Market were the three major steps undertaken to create and analyze the adoption of Radar Based In-Cabin Sensing Systems for the different diseases across major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Radar Based In-Cabin Sensing Systems sector. Post assumption and validation of market numbers through primary interviews, we employed a top-down approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of the Radar Based In-Cabin Sensing Systems through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Radar Based In-Cabin Sensing Systems market, we conducted a detailed secondary analysis to gather historical market insights and share for different technologies & vehicle types for major regions. Major segments included in the report are application, vehicle type, and regions. Further country-level analyses were conducted to evaluate the overall adoption of Radar Based In-Cabin Sensing Systems in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Radar Based In-Cabin Sensing Systems. Further, we conducted factor analysis using dependent and independent variables such as the surging demand for advanced technology, rising investments in the research of In-cabin sensing systems. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the In-Cabin Sensing Systems industry across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Radar Based In-Cabin Sensing Systems market, and market shares of the segments. All the required percentage shares split, 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 & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of In-Cabin Sensing Systems across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Radar Based In-Cabin Sensing Systems market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing 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, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Radar Based In-Cabin Sensing Systems market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of vehicle type and applications of the Radar Based In-Cabin Sensing Systems market.

Main Objective of the In-Cabin Sensing Systems Market Study

The current & future market trends of Radar Based In-Cabin Sensing Systems were 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 were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Radar Based In-Cabin Sensing Systems in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of application, vehicle type, and different regions
  • Define and analysis of the regulatory framework for the In-Cabin Sensing Systems industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Radar Based In-Cabin Sensing Systems market for the major region
  • Major regions studied in the report include North America (the U.S and Canada), Europe (Germany, France, U.K Spain, and Italy), Asia-Pacific (China, Japan, Australia, and India), Rest of the World
  • Company profiles of the Radar Based In-Cabin Sensing Systems market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry