North America Automotive Radar Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Range (Long Range Rada, Medium Range Rada, and Short Range Radar), Frequency (24 GHz, 77 GHz, and 79 GHz), Application (Adaptive Cruise Control, Autonomous Emergency Braking, Blind Spot Detection, Forward Collision Warning System, Intelligent Park Assist, and Others), and Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Medium & Heavy Commercial Vehicles)
Market Introduction
The North America automotive radar market is driven by various factors such as increasing government regulations concerning vehicle safety, rising adoption of premium vehicles, as well as a growing number of radars used in a vehicle. Moreover, the rising production and adoption of electric vehicles (EV) are further expected to support the growth of the North America automotive radar market. It is anticipated that in the coming few years, autonomous driving will be the growing trend. To attain this, several vision technologies have increased intending to deliver functionality as well as safety to the vehicle's drivers and passengers. Radar systems are considered the most established and trusted technologies among the automotive industry's various vision technologies. Presently, several vehicle manufacturers provide 'level 3' automation wherein drivers are on standby for a certain time. These vehicles are integrated with nearly five radar systems, including SSR and LLR, for applications such as emergency braking or Adaptive Cruise Control. Also, growing road accidents is going to bolster the demand for automotive radar in the coming years, which is further anticipated to drive the North America automotive radar market.
The ongoing COVID-19 outbreak has severely impacted the North America region. North America is one of the most important regions for the adoption and growth of new technologies owing to favorable government policies to boost innovation, the presence of a high-tech companies, and high purchasing power, especially in developed countries such as the US and Canada. The US is the worst-hit country in North America, with thousands of infected individuals facing severe health conditions across the country. The North American region is greatly influenced by the US's strong presence owing to its considerable penetration of passenger vehicles per capita and large presence of automobile manufacturing capabilities in the region. Though the US witnessed a notable surge in the number of COVID-19 cases, the lack of stringent government measures and restrictions slightly impacted the overall automotive industry; hence the market saw a moderate impact from the pandemic. However, the ongoing US and China trade war did influence the availability of materials and components for various automotive OEMs following the pandemic. Whereas Mexico and Canada witnessed a decline in the demand for automotive sales and therefore witnessed a notable decline in their overall market growth for various automotive components, including radars. However, the impact of COVID-19 is short-term and is likely to decrease by 2021.
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Market Overview and Dynamics
The automotive radar market in North America is expected to grow from US$ 982.2 million in 2019 to US$ 2,304.9 million by 2027; it is estimated to grow at a CAGR of 15.1% from 2020 to 2027. With the mounting number of level 2+ vehicles on road, the need for advanced and more accurate automotive radar sensors is increasing. This acts as a huge opportunity for OEMs offering basic-level radar sensors. For instance, Xilinx and Continental announced the first production-ready 4D imaging radar. Theoretically, 4D imaging radar uses echolocation (mechanism that is observed in dolphins, bats, and several humans) and the time-of-flight measurement principle to capture a space in 3D. Furthermore, these radar systems are designed fulfill the imaging requirements within the time scale of a fast-moving automobile or a zooming drone. Therefore, the fourth dimension enhances the overall accuracy in a self-driving system. The 4D imaging radar is operational in all types of whether/environment conditions, including fog, darkness, and heavy rains. Numerous companies are investing in R&D to introduce such advanced radar-based imaging technologies and gain a maximum share in the North America automotive radar market.
Key Market Segments
Based on range, the short range radar segment is expected to lead the market throughout the forecast period. By frequency, 24 GHz is expected to dominate the market in 2019; however, the 77 GHz is anticipated to attain the highest market share by frequency by 2027. By Application, the adaptive cruise control segment is anticipated to dominate the market by 2027. The passenger cars segment is expected to hold over 70% of the market share based on vehicle type from 2019 to 2027.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the automotive radar market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are North America automotive radar market. Aptiv Plc; Continental AG; Denso Corporation; HELLA KGaA Hueck & Co.; Infineon Technologies AG; Nidec Corporation; Robert Bosch GmbH; Valeo; Veoneer Inc; ZF Friedrichshafen AG.
Reasons to buy report
- To understand the North America automotive radar market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America automotive radar market
- Efficiently plan M&A and partnership deals in North America automotive radar market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America automotive radar market
- Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.
North America Automotive Radar Market Segmentation
North America Automotive Radar Market - By Range
- Long Range Radar (LRR)
- Medium Range Radar (MRR)
- Short Range Radar (SRR)
North America Automotive Radar Market - By Frequency
- 24 GHz
- 77 GHz
- 79 GHz
North America Automotive Radar Market – Application
- Adaptive Cruise Control
- Autonomous Emergency Braking
- Blind Spot Detection
- Forward Collision Warning System
- Intelligent Park Assist
- Others
North America Automotive Radar Market – Vehicle Type
- Adaptive Cruise Control
- Passenger Cars
- Light Commercial Vehicle
- Medium & Heavy Commercial Vehicles
North America Automotive Radar Market - By Country
- US
- Canada
- Mexico
North America Automotive Radar Market - Company Profiles
- Aptiv Plc
- Continental AG
- Denso Corporation
- HELLA KGaA Hueck & Co.
- Infineon Technologies AG
- Nidec Corporation
- Robert Bosch GmbH
- Valeo
- Veoneer Inc
- ZF Friedrichshafen AG
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Automotive Radar Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Automotive Radar Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Road Accidents and Fatalities
5.1.2 Rising Need for Passenger Cars
5.2 Market Restraints
5.2.1 Issues Related with Test and Validation of Radar Sensors
5.3 Market Opportunities
5.3.1 High Demand for Advanced Imaging Radar
5.4 Market Trends
5.4.1 Rising Trend on High-Resolution Radar Systems
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Radar Market– North America Analysis
6.1 North America Automotive radar Market Overview
6.2 North America Automotive Radar Market– Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Five Key Players
7. North America Automotive Radar Market Analysis – by Range
7.1 Overview
7.2 North America Automotive Radar Market, by Range (2019 and 2027)
7.3 Long Range Radar (LRR)
7.3.1 Overview
7.3.2 Long Range Radar (LRR): Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Mid-Range Radar (MRR)
7.4.1 Overview
7.4.2 Mid-Range Radar (MRR): Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Short Range Radar (SRR)
7.5.1 Overview
7.5.2 Short Range Radar (SRR): Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
8. North America Automotive Radar Market Revenue and Forecast to 2027 By Frequency
8.1 Overview
8.2 North America Automotive Radar Market Breakdown, By Frequency, 2019 & 2027
8.3 GHZ
8.3.1 Overview
8.3.2 GHZ: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
8.4 GHZ
8.4.1 Overview
8.4.2 GHZ: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
8.5 GHZ
8.5.1 Overview
8.5.2 GHZ: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
9. North America Automotive Radar Market Revenue and Forecast to 2027 By Application
9.1 Overview
9.2 North America Automotive Radar Market Breakdown, By Application, 2019 & 2027
9.3 Adaptive Cruise Control
9.3.1 Overview
9.3.2 Adaptive Cruise Control: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Autonomous Emergency Braking
9.4.1 Overview
9.4.2 Autonomous Emergency Braking: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Blind Spot Detection
9.5.1 Overview
9.5.2 Blind Spot Detection: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Forward Collision Warning System
9.6.1 Overview
9.6.2 Forward Collision Warning System: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
9.7 Intelligent Park Assist
9.7.1 Overview
9.7.2 Intelligent Park Assist: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
10. North America Automotive Radar Market Revenue and Forecast to 2027 By Vehicle Type
10.1 Overview
10.2 North America Automotive Radar Market Breakdown, By Vehicle Type, 2019 & 2027
10.3 Passenger Cars
10.3.1 Overview
10.3.2 Passenger Cars: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
10.4 Light Commercial Vehicles
10.4.1 Overview
10.4.2 Light Commercial Vehicles: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
10.5 Medium and Heavy Commercial Vehicles
10.5.1 Overview
10.5.2 Medium and Heavy Commercial Vehicles: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
11. North America Automotive Radar Market – Country Analysis
11.1 Overview
11.1.1 North America: Automotive Radar Market, by Key Country
11.1.1.1 US: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.1.1.1 US: Automotive Radar Market, by Range
11.1.1.1.2 US: Automotive Radar Market, by Frequency
11.1.1.1.3 US: Automotive Radar Market, by Application
11.1.1.1.4 US: Automotive Radar Market, by Vehicle Type
11.1.1.2 Canada: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.1.2.1 Canada: Automotive Radar Market, by Range
11.1.1.2.2 Canada: Automotive Radar Market, by Frequency
11.1.1.2.3 Canada: Automotive Radar Market, by Application
11.1.1.2.4 Canada: Automotive Radar Market, by Vehicle Type
11.1.1.3 Mexico: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.1.3.1 Mexico: Automotive Radar Market, by Range
11.1.1.3.2 Mexico: Automotive Radar Market, by Frequency
11.1.1.3.3 Mexico: Automotive Radar Market, by Application
11.1.1.3.4 Mexico: Automotive Radar Market, by Vehicle Type
12. Impact of COVID-19 Pandemic on North America Automotive Radar Market
12.1 North America: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Market Initiative
13.2 Merger and Acquisition
13.3 New Product Development
14. Company Profiles
14.1 Continental AG
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Denso Corporation
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Aptiv PLC
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 HELLA GmbH and Co. KGaA
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Robert Bosch GmbH
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Valeo
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 ZF Friedrichshafen AG
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Nidec Corporation
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Veoneer Inc
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. North America Automotive Radar Market– Revenue and Forecast to 2027 (US$ Million)
Table 2. US: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 3. US: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 4. US: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 5. US: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 8. Canada: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 9. Canada: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 10. Mexico: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 11. Mexico: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 12. Mexico: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 13. Mexico: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Automotive Radar Market Segmentation
Figure 2. North America Automotive Radar Market Segmentation – By Country
Figure 3. North America Automotive Radar Market Overview
Figure 4. Short Range Radar Segment Held the Largest Share During Forecast Period
Figure 5. GHZ Frequency Segment to Grow at A Faster CAGR
Figure 6. Adaptive Cruise Control Segment Held the Largest Share During Forecast Period
Figure 7. Passenger Cars Segment Held the Largest Share During Forecast Period
Figure 8. North America Automotive Radar Market, Country Analysis
Figure 9. North America
Figure 10. Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. North America Automotive Radar Market Impact Analysis of Drivers and Restraints
Figure 13. North America Automotive Radar Market– Revenue and Forecast to 2027 (US$ Million)
Figure 14. North America Automotive Radar Market Revenue Share, by Range (2019 and 2027)
Figure 15. North America Long Range Radar (LRR): Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. North America Mid-Range Radar (MRR): Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. North America Short Range Radar (SRR): Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. North America Automotive Radar Market Breakdown, By Frequency, 2019 & 2027
Figure 19. North America 24 GHZ: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. North America 77 GHZ: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. North America 79 GHZ: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. North America Automotive Radar Market Breakdown, By Application, 2019 & 2027
Figure 23. North America Adaptive Cruise Control: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. North America Autonomous Emergency Braking: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. North America Blind Spot Detection: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. North America Forward Collision Warning System: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. North America Intelligent Park Assist: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. North America Others: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. North America Automotive Radar Market Breakdown, By Vehicle Type, 2019 & 2027
Figure 30. North America Passenger Cars: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. North America Light Commercial Vehicles: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. North America Medium and Heavy Commercial Vehicles: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. North America: Automotive Radar Market Revenue Share, by Key Country (2019 and 2027)
Figure 34. US: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 35. Canada: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 36. Mexico: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 37. Impact of COVID-19 Pandemic in North America Country Markets
- Aptiv Plc
- Continental AG
- Denso Corporation
- HELLA KGaA Hueck & Co.
- Infineon Technologies AG
- Nidec Corporation
- Robert Bosch GmbH
- Valeo
- Veoneer Inc
- ZF Friedrichshafen AG
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