Future Market Insights has announced the addition of the “Automotive Radar Market: Global Industry Analysis and Opportunity Assessment 2016 - 2026" report to their offering.

1. Automotive Radar Market: Recent Industry Trends,
Analysis and Forecast 2026
November 2016
©2015 Future Market Insights, All Rights Reserved
Report Id : REP-GB-1967
Status : Ongoing
Category : Automotive & Transportation

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4. Growing focus on active safety to decrease road accidents has shifted the focus of OEMs towards
developing and incorporating new and advanced automotive radar systems. According to ‘Association for
Safe International Road Travel’ (ASIRT), nearly 3,287 deaths per day are reported globally due to road
accidents. Advancing automotive technology and concern to reduce road mishaps, has raised
expectations for advance systems in vehicles such as automotive radar to improve vehicle safety. These
systems transmits electromagnetic (EM) waves at microwave frequency and gather information with the
help of electronic control unit about the obstacles within the vicinity of the vehicle.
As per the survey conducted by ‘Insurance Institute for Highway Safety’, one out of three lives can be
saved by using radar system in the vehicle. Implementation of automotive radar systems in passenger
and commercial vehicles started in early 90s, however owing to technological limitations, focus on
further advancement slowed over the time. But, over the past decade, where active safety technology
emerged as major hot spot for research, brought automotive radar system in the limelight again. Smaller
devices with high operational frequency are being deployed so as to serve multiple applications.
Furthermore favorable macro-economic and supportive regulatory framework is expected to create
significant opportunity over the next few years. Regulatory approval of upcoming radar technology such
as 79 GHz band radar across emerging markets such as India, Mexico etc. can generate robust growth
opportunities in the market.
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Automotive Radar Market
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5. Global Automotive Radar Market: Drivers
No doubt, automotive safety regulations which emphasizes, and even mandates use of such advance
safety technology across regions is expected to drive the demand. Favorable macro-economic
environment such as growing urban population, increasing disposable income, improving employment
rates and consumer confidence index across prominent economies such as U.S., Canada, Germany,
France, China, South Korea and India is anticipate to propel market growth.
Additionally, increasing demand for advanced features such as cruise control will upsurge demand for
automotive radars, thus driving the automotive radar market. Ongoing innovations in the functionality
and designs have fuelled investments in the global automotive radar market.
Global Automotive Radar Market: Restraints
One of the major factor restricting the growth of the global automotive radar market particularly in
emerging region is the high initial cost of the optical and mechanical parts including micro electro
mechanical sensors (MEMS), micro mirrors over pressure or piezoelectric sensors. Moreover, technical
issues such as risk of mutual interference are expected to moderately affect adoption of these
technology.
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Automotive Radar Market
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6. Global Automotive Radar Market: Segmentation
The global automotive radar market can be segmented on the basis of type, frequency, technology,
application and regions. On the basis of frequency, the market can be segmented into 24 GHz system, 77
GHz system and 79 GHz system.
By type automotive cruise control (long-range radar) and anti-collision (short-range radar) are the
commonly known automotive radar systems. On the basis of application, the automotive radar market
can be segmented into forward collision warning system, lane departure warning system, parking
assistance, adaptive cruise control (ACC) and blind spot detection. On the basis of technology, the global
automotive radar market can be segmented into millimeter wave radar, ultrasonic radar, LiDAR (Light
Detection and Ranging) and camera.
Global Automotive Radar Market: Region Wise Outlook
On the basis of regions, Europe is expected to be the most promising region due to presence of giant
OEMs. Furthermore, the European Commission’s 79 GHz project to use short range radar equipment for
European countries, fueled penetration of automotive radar systems in the European market. As far as
adoption of these advanced gadgets is concerned, North America is expected to be the next big market.
Asia Pacific is projected to grow at a significant rate during the forecast period and unfold new
opportunities for the market. Low manufacturing cost together with increasing automotive sales is
expected to drive the growth of automotive radar market in Asia Pacific. Middle East & Africa is
Automotive Radar Market
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7. anticipated to exhibit positive growth potential during the forecast period.
Global Automotive Radar Market: Key Players
Some of the key players identified in the global automotive radar market are as follows:
 Delphi Automotive LLP, Autoliv Inc.
 Denso Corp., OmniVision Technologies, Inc.
 Robert Bosch GmbH, Texas Instruments Inc.
 Valeo Group, ZF TRW
 SaberTek, Inc., Analog Devices, Inc.
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Automotive Radar Market
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