Automotive Radar Sensors Market by Application and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR41294
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The automotive radar sensors market size has the potential to grow by USD 4.45 bn during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by application (FCW, AEBS, ACC, and others) and geography (Europe, North America, APAC, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Ainstein Inc., Continental AG, DENSO Corp., Infineon Technologies AG, InnoSenT GmbH, NXP Semiconductors NV, Robert Bosch GmbH, s.m.s, smart microwave sensors GmbH, Veoneer Inc., and ZF Friedrichshafen AG.

Market Overview

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Market Competitive Analysis

The market is fragmented. Ainstein Inc., Continental AG, DENSO Corp., Infineon Technologies AG, InnoSenT GmbH, NXP Semiconductors NV, Robert Bosch GmbH, s.m.s, smart microwave sensors GmbH, Veoneer Inc., and ZF Friedrichshafen AG are some of the major market participants. Factors such as the availability of high-frequency radar sensors will offer immense growth opportunities. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this automotive radar sensors market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this automotive radar sensors market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Ainstein Inc.
  • Continental AG
  • DENSO Corp.
  • Infineon Technologies AG
  • InnoSenT GmbH
  • NXP Semiconductors NV
  • Robert Bosch GmbH
  • s.m.s, smart microwave sensors GmbH
  • Veoneer Inc.
  • ZF Friedrichshafen AG

 

Automotive Radar Sensors Market: Segmentation by Geography

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The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. Europe will offer several growth opportunities to market vendors during the forecast period. The growing emergence of intelligent transportation will significantly influence the automotive radar sensors market's growth in this region.

31% of the market’s growth will originate from Europe during the forecast period. Germany is the key market for the automotive radar sensors market in Europe. This report provides an accurate prediction of the contribution of all segments to the growth of the automotive radar sensors market size.

Automotive Radar Sensors Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will automotive radar sensors market growth during the next five years
  • Precise estimation of the automotive radar sensors market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive radar sensors industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive radar sensors market vendors

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Automotive Radar Sensors Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 16%

Market growth 2020-2024

USD 4.45 billion

Market structure

Fragmented

YoY growth (%)

16

Regional analysis

APAC, Europe, MEA, North America, and South America

Performing market contribution

Europe at 31%

Key consumer countries

Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Ainstein Inc., Continental AG, DENSO Corp., Infineon Technologies AG, InnoSenT GmbH, NXP Semiconductors NV, Robert Bosch GmbH, s.m.s, smart microwave sensors GmbH, Veoneer Inc., and ZF Friedrichshafen AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Customer landscape

  • Overview

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Ainstein Inc.
  • Continental AG
  • DENSO Corp.
  • Infineon Technologies AG
  • InnoSenT GmbH
  • NXP Semiconductors NV
  • Robert Bosch GmbH
  • s.m.s, smart microwave sensors GmbH
  • Veoneer Inc.
  • ZF Friedrichshafen AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The automotive radar sensors market growth will increase by $4457.25 million during 2019-2024.
The automotive radar sensors market is expected to grow at a CAGR of 16.35% during 2019-2024.
Technavio has segmented the automotive radar sensors market by application (FCW, AEBS, ACC, and Others) and geographic (Europe, North America, APAC, and South America).
Ainstein Inc., Continental AG, DENSO Corp., Infineon Technologies AG, InnoSenT GmbH, NXP Semiconductors NV, Robert Bosch GmbH, s.m.s, smart microwave sensors GmbH, Veoneer Inc., ZF Friedrichshafen AG are a few of the key vendors in the automotive radar sensors market.
Europe will register the highest growth rate of 32.72% among the other regions. Therefore, the automotive radar sensors market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the automotive radar sensors market growth are:
  • Availability of high-frequency radar sensors
  • Increased accuracy in perceiving environment through sensor fusion technique
The automotive radar sensors market vendors should focus on grabbing business opportunities from the fcw segment as it accounted for the largest market share in the base year.
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