Automotive Radar Market Report Overview:
Automotive Radar market is expected to reach US$ 4.03 Bn. in 2030 from US$ 2.3 Bn. in 2023 at CAGR of 8.35 % during the forecast period.
The Automotive Radar has been forecasted by region, type, and application, with sales and revenue. The Automotive Radar market research highlights the market share, main suppliers, distributors, changing price patterns, and the raw material supply chain. The market report gives companies deep insights into the global Automotive Radar industry dynamics.
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Automotive Radar Market Scope and Research Methodology
The report majorly focuses on the Automotive Radar market dynamics including drivers, restraints, challenges and opportunities. This information on the market dynamics is provided region-wise and segment-wise in the Automotive Radar market report, which makes it an investor’s guide. Data was collected for the report by using primary and secondary research methods, which were combined to make the Automotive Radar market report error-free and authentic. After determining the total market size, the market was divided into various segments and sub-segments and the segments were verified through primary research by conducting in-depth interviews with the individuals holding influential positions in the Automotive Radar industry. The bottom-up approach was used to estimate the regional and global Automotive Radar market size. By using Secondary research, major Automotive Radar key players in the industry were identified and their revenues were determined through primary and secondary research. The secondary research includes data collection from official databases of various organizations and government sites, industry journals, white papers, annual reports and suppliers in the Automotive Radar industry along with paid and free databases, while primary research includes in-depth interviews with opinion leaders and industry experts.
Automotive Radar Market Segmentation:
The automotive radar market is segmented on the basis of range and application. On the basis of range, the market is further sub-segmented into short range, medium range and long-range type. The medium range segment is projected to hold majority of market share during the forecast period. This is mainly due to the type of features that are generally offered by vehicle manufacturers like park assist, lane change assist, cross traffic alert etc. These features are now available for lower cost and the functionality of such systems is greatly enhanced by using more than 2 radars which have contributed heavily to the market dominance of the medium range segment. Long range radars are used for features like Adaptive Cruise Control (ACC) which is generally offered in premium vehicles and hence hold the second largest market share second to medium range type radars.
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Automotive Radar Market Key Players:
Analog Devices Inc (USA)
Borgwarner Inc (USA)
Continental AG (Germany)
Denso Corporation (Japan)
NXP Semiconductors (Netherlands)
Robert Bosch GMBH (Germany)
Texas Instruments Incorporated (USA)
Valeo (France)
Veoneer Inc (Sweden)
Automotive Radar Market Regional Analysis:
The Automotive Radar market report is segmented into key regions, such as North America, Asia Pacific, Europe, Middle East and Africa, and South America. Furthermore, the report includes market size, CAGR, import and export, and country-level analysis, integrating the demand and supply forces of the Automotive Radar market in these countries.
Key Questions answered in the Automotive Radar Market Report are:
- What is the expected CAGR of the Automotive Radar market during the forecast?
- What is the expected Automotive Radar market size during the forecast period?
- Which regional Automotive Radar market is expected to hold the largest share during the forecast period?
- What are the market segments?
- Which production technology is utilized for Automotive Radar?
- What trends are driving the market growth?
- Who are the global key players in the Automotive Radar market?
- What is the global market status of the Automotive Radar market?
- What was volume, manufacture value, price, and revenue of Automotive Radar market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of the segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Recommendations
About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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