Automotive Radar Market Research Report, 2016 to 2024: Hexa Research

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Automotive Radar Market Share, Size, Analysis, Growth, Trends
and Forecasts, 2016 to 2024 | Hexa Research
" The global Automotive Radar Market is anticipated to
reach nearly USD 9 billion by 2024. The introduction of
fully automated vehicles is projected to drive the
industry by 2024."
The global automotive radar market is anticipated to reach USD 9 billion by 2024. Introduction of fully
automated cars and their growing importance in the automotive security & assembly industry can drive this
market during the forecast period (2016-2024). Supportive governmental initiatives that mandate the
integration of security & control systems in vehicles may positively affect market de mand. These mandates
aim at reducing the number of road mishaps and associated casualties.
High sales of motor vehicles, particularly luxury vehicles, have also stimulated revenues considerably. Factors
propelling the demand for motor vehicles are high consumer disposable incomes and low rates of interest.
The introduction of Advanced Driver Assistance Systems (ADAS) in cars may create potential growth
opportunities in the global Automotive Radar Market.
Automotive radars help reduce traffic jams by helping drivers with effective decision support. They help
minimize human errors while driving thereby reducing the ratio of road accidents in the long run. This in turn
decreases the extensive economic losses & fatalities associated with it. Moreover, these radars indirectly
boost fuel efficiency by streamlining traffic control. This can augment market demand from 2016 to 2024.
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Automotive radars can withstand extreme conditions, such as bad weather, fluctuating temperatures, and
even bad light. Such attributes make these devices the most preferred product in the automoti ve industry.
This is expected to positively impact the global Automotive Radar Market in the forthcoming years. Advanced
Driver Assistance Systems (ADAS) are based on automotive radars systems.
Depending on application and range coverage, these radars belong to three main categories, namely Short
Range Radar (SRR), Medium Range Radar (MRR), and Long Range Radar (LRR). Long -range radars are mainly
utilized for Adaptive Cruise Control (ACC) and they deliver better functional efficiency as against LiDARs and
camera system. Due to its potential for distance & velocity detection, the LRR segment may expand
substantially in the years to come. The SRR systems are the “ultrasonic” radars that have a detection
capability of less than 5 meters. They are mostly used in side impact and blind spot detections. Moreover,
these radars offer parking assistance solutions.
Based on ranges, automotive radars are further categorized as ultra-wide band (UWB) and Narrowband (NB).
These devices offer high accuracy in object tracking and detection. Furthermore, they ensure greater selfsufficiency while driving by providing 3-dimensional digital modeling simultaneously. These devices can
witness robust demand over the next eight years due to their superior functional efficiency and excellent
Geographically, the worldwide Automotive Radar Market is divided into North America, Asia Pacific, Europe,
Latin America, and the Middle East & Africa. Europe may expand considerably during the forecast period. The
presence of a large pool of automotive manufacturing firms in the region can drive this market.
The Asia-Pacific region is propelled by factors, such as low manufacturing costs and high sales of
automobiles. Research & development initiatives in the U.S. can contribute si gnificantly to the North America
market. Major players in the global industry are Delphi Automotive PLC.; Continental A. G.; Fujitsu Ten
Ltd.; Hella KGaA Hueck & Co.; and Robert Bosch GmbH.
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Table of Content of Automotive Radar Market
Table of Contents
1. Methodology & Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
2. Executive Summary
2.1 Industry Summary of Automotive Radar Market
3. Industry Outlook
3.1 Automotive Radar Market Segmentation
3.2 Automotive Radar Market Size and Growth Prospects
3.3 Automotive Radar Market Dynamics
3.4 Key Opportunities Prioritized
3.5 Industry Analysis - Porter's
3.6 Market Share Analysis
3.7 Market PESTEL Analysis, 2016
4. Application Framework
4.1 Automotive Radar Market share by application, 2016 & 2024
5. Regional Outlook
5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 Latin America
5.5 MEA (Middle East and Africa)
5.6 RoW (Rest of the World)
6. Competitive Landscape
6.1 Robert Bosch GmbH
6.1.1 Company Overview
6.1.2 Revenue Analysis
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6.1.3 Product Benchmarking
6.1.4 Strategic Initiatives
6.2 Delphi Automotive PLC.
6.2.1 Company Overview
6.2.2 Revenue Analysis
6.2.3 Product Benchmarking
6.2.4 Strategic Initiatives
6.3 Continental A. G.
6.3.1 Company Overview
6.3.2 Revenue Analysis
6.3.3 Product Benchmarking
6.3.4 Strategic Initiatives
6.4 Hella KGaA Hueck & Co.
6.4.1 Company Overview
6.4.2 Revenue Analysis
6.4.3 Product Benchmarking
6.4.4 Strategic Initiatives
6.5 Fujitsu Ten Ltd.
6.5.1 Company Overview
6.5.2 Revenue Analysis
6.5.3 Product Benchmarking
6.5.4 Strategic Initiatives
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The global Automotive Radar Market is anticipated to reach nearly USD 9 billion by 2024. The introduction of fully automated vehicles is projected to drive the industry during the forecast period (from 2016 to 2024).