The Global Automotive Radar Application Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Automotive Radar Application will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2022, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2022).
The automotive radars are devices used in advanced cruise control systems to direct a vehicle’s accelerator and braking systems. It also helps maintain a distance between two vehicles.
The radar sensors take note of vital information, such as doppler velocity, range and angle. This information is used to determine the driving situation and intimate the driver of potentially dangerous events ahead. If the driver does not take appropriate action in time and the vehicle crashes, the advanced radar systems can take control of the vehicle to lessen the severity of the accident. This high level of safety function is maintained in all weathers and all or no light, or when driving conditions are at their worst.
Market Research Future states that over the past few years, the global Automotive Radar Market has witnessed a remarkable growth and as per the analysis, the global growth remains continue. The over growth of the market is attributed towards the continuously increasing growth of the application industries such as Adaptive Cruise Control (ACC), Blind Spot Detection (BCD), Forward collision warning system (FCWS), Lane departure warning system (LDWS) and Parking assistance (PA). The growth of global Adaptive Cruise Control (ACC) and Forward collision warning system (FCWS) market has resulted in increasing production of automotive radar.
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Major Key Players
Robert Bosch GMBH (Germany),
Panasonic Corporation (Japan),
Continental AG (Germany),
TRW Automotive (U.S.),
Hella KGAA Hueck & Co. (Germany),
Fujitsu Ten Ltd (U.S.)
Industry/ Innovation/ Related News:
October, 2013– Panasonic Corporation Panasonic Corporation announced that they have developed high precision, wide field of view millimeter-wave technologies, that are able to separately detect cars, pedestrians and bicycles in less than 0.1 seconds, on the condition that they are separated by 20cm .These technologies will be applied to 79GHz radar , and utilized in detection sensors to avoid accidents occurring at intersections, accelerating the adoption of advanced safety support systems
March, 2016 – International automotive supplier Continental announced in its Media Webcast for fiscal year 2015 the acquisition of the Hi-Res 3D Flash LIDAR business from Advanced Scientific Concepts, Inc. (ASC) based in Santa Barbara, California. This innovative technology will further enhance the company’s Advanced Driver Assistance Systems product portfolio with a future-orientated solution to add to the group of surrounding sensors needed to achieve highly and fully automated driving.
June, 2017 – ZF and HELLA entered into a strategic partnership. Both automotive suppliers will benefit from this cooperation on sensor technology, particularly for front camera systems, imaging and radar systems. ZF will further strengthen its portfolio as a systems supplier which offers both modern assistance systems and autonomous driving functions, whereas HELLA will drive technological development and benefits from a broader market access with its leading technologies.
The automotive radar market is expected to witness slow growth over the forecast period on the account of new trend in the safety features in automobile market. Automotive sensors and radar market is already saturated in the developed country, and automotive manufactures are already following the trend of the automotive safety in the vehicles. In these case manufactures can’t generate much profit out of automotive radar market. It is because of this reason that the automotive radars in the developed countries are considered to be less profitable.
Europe accounts for the largest share of 35.98% in the global automotive radar applications market in 2015. Europe is one of the major revenue generator as well as producer of automotive radar however, for the manufacturer there will be an extreme opportunity to invest or increase the production capacity. It is followed by North America which accounts for 26.16% for the market share.
- Automotive radar applications industry manufacturers
- Distributer & Supplier companies
- End Users
- consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
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