According to the latest report by IMARC Group, titled “Automotive Radar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global automotive radar market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 7% during 2021-2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

An automotive radar is a sensor system used to detect the speed and range of objects in the vicinity of a vehicle. The radar consists of a transmitter that sends out radio waves that hit the object and reflects back to the receiver, which determines the speed, distance and direction of the object. It is commonly available in short-range and long-range variants. They detect the exact position and velocity of the object and measures the distance and range accurately. As a result, automotive radar is widely used in autonomous emergency braking (AEB), forward collision warning (FCW), intelligent park assist, adaptive cruise control (ACC) and blind-spot detection (BSD) systems.

The global automotive radar market is primarily being driven by the rising demand for efficient passenger safety systems in automobiles. The automotive radar aids in detecting objects on the road and alerting the driver regarding any possible threats. Moreover, the increasing adoption of autonomous cars and the rapid electrification of vehicles are providing a thrust to the market growth. Other factors, including the implementation of favorable government initiatives to promote the adoption of vehicular safety systems, along with the increasing demand for luxury automobiles, are positively impacting the market growth.

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Automotive Radar Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global automotive radar market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Analog Devices Inc
Aptiv plc
Autoliv Inc.
Continental AG
Denso Corporation
HELLA GmbH & Co. KGaA
Infineon Technologies AG
NXP Semiconductors
Robert Bosch GmbH
Texas Instruments Incorporated
Valeo
ZF Friedrichshafen AG

Key Market Segmentation:

The report has segmented the global automotive radar market on the basis of range, vehicle type, application and region.

Breakup by Range:

Long Range
Medium and Short Range

Breakup by Vehicle Type:

Passenger Cars
Commercial Vehicles

Breakup by Application:

Adaptive Cruise Control (ACC)
Autonomous Emergency Braking (AEB)
Blind Spot Detection (BSD)
Forward Collision Warning (FCW)
Intelligent Park Assist
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

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Key highlights of the report:            

Market Performance (2015-2020)
Market Outlook (2021-2026)
Industry Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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