Automotive Radar Market Size, Status, Growth, Revenue & Report Forecasted by 2022: Fact.MR

Dublin 2, Ireland, 2018-Apr-18 — /EPR Network/ — The global market discussion on automotive radar industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Automotive Radar Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on automotive radar market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.

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According to a latest report published by Fact.MR, the global automotive radar market is set to reach US$ 7,260.8 Mn by 2022 up from US$ 2,000 Mn in 2017, registering a robust CAGR.  As compared to other sensing technology, automotive radars show higher efficiency and functionality in extreme road conditions (extreme temperatures, critical weather and poor light). This, is turn, is supporting the rapid incorporation of automotive radar in vehicles. Automobile companies are steadily making the shift from manufacturing function-specific capabilities to developing self-driving technology, which is anticipated to increase the applicability of radar technology in the years to come.

As per Fact.MR’s study, demand for vehicles with cutting-edge safety features is gaining traction in emerging countries such as India and China, thereby creating lucrative opportunities for automotive radar manufacturers. Following are the key insights from Fact.MR’s forecast on the global market for automotive radar;

1. Demand for short-range radar to remain significantly high throughout the assessment period. Short-range radars are anticipated to command for nearly half of the market, in terms of revenue. Towards the end of 2022, nearly US$ 3,500 Mn worth short range radars are projected to be sold across the globe.

2. By vehicle type, passenger will continue to be the most attractive segment of the market. By the 2022-end, this segment is expected to reach a market valuation of over US$ 5,300 Mn, expanding at exponential CAGR.  The passenger car segment is likely to command for over two-third revenue share of the market in 2017. Meanwhile, the LCV segment is anticipated to hold position during the same period.

3. Based of application, the adaptive cruise control segment will command for an impressive market share of over 43% by the 2017-end. Popularity of adaptive cruise control is on the rise as it is now considered to be an important safety feature of modern vehicles. The autonomous emergency braking segment is also coming into prominence of late and trend is likely to continue throughout the assessment period.

Short Range Radar to Remain Highly Sought-After in the Market

Demand for short-range radar will continue to gain traction during the forecast period. In terms of revenue, short range radars are expected to account for nearly one-half share of the market in 2017. By 2022, around US$ 3,468.2 Mn worth short range radar are estimated to be sold worldwide. Meanwhile, mid-range radars are anticipated to command for slightly over one-third revenue share of the market. This segment is expected to register a stellar CAGR to reach a promising market valuation by 2022-end.

On the basis of vehicle type, the passenger car segment is expected to grow to US$ 5,345.9 Mn by the end of 2022, registering a vigorous CAGR. In terms of revenue, this segment is projected to account for around two-third share of the market by 2017-end. The passenger car segment is expected to create an absolute $ opportunity of US$ 3,609.6 Mn between 2017 and 2022. During the same period, the LCV segment is expected to retain its second spot.

By application, the adaptive cruise control segment will account for a staggering two-fifth revenue share of the market by 2017-end. In recent years, adaptive cruise control has emerged as a prominent and a must-have safety feature in the vehicles.  This particular application segment is estimated to reach a market valuation US$ 3,208.4 Mn in by the end of 2022. Meanwhile, the autonomous emergency braking segment is expected to witness the fastest CAGR during the forecast period.

By frequency, the 2x GHz segment currently dominates the market in terms of revenue, accounting for half of the market value. However, the 7x GHz segment is expected to outpace 2x GHz segment and emerge as the leading segment towards the end of the assessment period.

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Table of Content:

Chapter 1. Global Automotive RADAR Market – Executive Summary. 28

Chapter 2. Global Automotive RADAR Market Overview. 30
2.1. Introduction. 30
2.1.1. Global Automotive RADAR Market Taxonomy. 30
2.1.2. Global Automotive RADAR Market Definition. 30
2.2. Global Automotive RADAR Market Size (US$ Mn) and Forecast, 2012-2022. 30
2.2.1. Global Automotive RADAR Market Y-o-Y Growth. 30
2.3. Global Automotive Radar Market: Macroeconomic Factors. 31
2.4. Global Automotive Radar Market Impact Factors. 33
2.5. Supply Chain. 37
2.6. Cost Structure. 37
2.7. Pricing Analysis. 37
2.8. Raw Material Sourcing Strategy and Analysis. 38
2.9. List of Distributors. 38
2.10. Key Participants Market Presence (Intensity Map) By Region. 38
2.11. Competitive Assessment and Technology Trends in Future. 38

Chapter 3. Global Automotive RADAR Market Analysis and Forecast By Range. 39
3.1. Global Automotive RADAR Market Size and Forecast By Range, 2012-2022. 39
3.1.1. Short Automotive RADAR Market Size and Forecast, 2012-2022. 39
3.1.1.1. Revenue (US$ Mn) Comparison, By Region. 39
3.1.1.2. Market Share Comparison, By Region. 40
3.1.1.3. Y-o-Y growth Comparison, By Region. 41
3.1.2. Mid Automotive RADAR Market Size and Forecast, 2012-2022. 42
3.1.2.1. Revenue (US$ Mn) Comparison, By Region. 42
3.1.2.2. Market Share Comparison, By Region. 43
3.1.2.3. Y-o-Y growth Comparison, By Region. 44

Continued….

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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