US Automotive Radar Market is estimated to be USD 1.25 Bn in 2023 and is expected to reach USD 2.12 Bn by 2028, growing at a CAGR of 11.14%.Future use of the 24GHz wideband and UWB band vehicular radars will not be available after 2021, known as the “sunset date,” both in Europe and the U.S
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic Market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the Market, and create price signals.As the Market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Market Segmentations
The US Automotive Radar Market is segmented based on Technology, Frequency Type, Range, Applications, and Vehicle Type.- By Technology, the Market is classified into Mechanical LiDAR and Solid State LiDAR.
- By Frequency Type, the Market is classified into 2x-GHz and 7x-GHz.
- By Range, the Market is classified into Short-Range & Mid-Range and Long Range.
- By Applications, the Market is classified into Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Blind Spot Detection (BCD), Forward Collison Warning System (FCWS), and Others.
- By Vehicle Type, the Market is classified into Passenger Cars and Commercial Vehicles.
Company Profiles
The report provides a detailed analysis of the competitors in the Market. It covers the financial performance analysis for the publicly listed companies in the Market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Baumer Ltd., Continental Ag, Denso Corp., Lear Corp., NXP Semiconductors, Spartan Radar, Texas Instruments Inc., etc.Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in Market share, etc.Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the US Automotive Radar Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.The analyst analyses the US Automotive Radar Market using the Ansoff Matrix to provide the best approaches a company can take to improve its Market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for Market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the US Automotive Radar Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about Market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth Market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the Market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the Market, including parent industry
- Important Market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the Market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the Market
Table of Contents
1 Report Description1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Traffic Congestions
4.1.2 Increase in Adoption of ADAS Technology
4.1.3 Growing Focus on Vehicle Safety Systems and Comfort Systems
4.1.4 Increasing Vehicle Production and Vehicle Sales
4.2 Restraints
4.2.1 High Cost and Complex Structure
4.2.2 RADAR Detectors Illegal in Some States
4.3 Opportunities
4.3.1 Rising Trend of Autonomous Cars
4.3.2 Technological Advancements in RADAR Technology
4.4 Challenges
4.4.1 Threat of Security
4.4.2 Electromagnetic Jamming and Interface Issue
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 US’ Automotive Radar Market, By Technology
6.1 Introduction
6.2 Mechanical LiDAR
6.3 Solid State LiDAR
7 US’ Automotive Radar Market, By Frequency Type
7.1 Introduction
7.2 2x-GHz
7.3 7x-GHz
8 US’ Automotive Radar Market, By Range
8.1 Introduction
8.2 Short-Range & Mid-Range
8.3 Long Range
9 US’ Automotive Radar Market, By Applications
9.1 Introduction
9.2 Adaptive Cruise Control (ACC)
9.3 Autonomous Emergency Braking (AEB)
9.4 Blind Spot Detection (BCD)
9.5 Forward Collison Warning System (FCWS)
9.6 Others
10 US’ Automotive Radar Market, By Vehicle Type
10.1 Introduction
10.2 Passenger Cars
10.3 Commercial Vehicles
11 Competitive Landscape
11.1 Competitive Quadrant
11.2 Market Share Analysis
11.3 Strategic Initiatives
11.3.1 M&A and Investments
11.3.2 Partnerships and Collaborations
11.3.3 Product Developments and Improvements
12 Company Profiles
12.1 Ainstein, Inc.
12.2 Analog Devices Inc.
12.3 Autoliv Inc.
12.4 Baumer Ltd.
12.5 Borgwarner Inc.
12.6 Broadcom Inc.
12.7 Continental Ag
12.8 Denso Corp.
12.9 Infineon Technologies Ag
12.10 Lear Corp.
12.11 Magna International Inc.
12.12 NXP Semiconductors
12.13 Rohde & Schwarz, Inc.
12.14 Spartan Radar
12.15 Texas Instruments Inc.
12.16 Uhnder Inc.
12.17 Valeo
12.18 Veoneer Inc.
12.19 Visteon Corp.
12.20 Zf Friedrichshafen Ag
13 Appendix
13.1 Questionnaire
Companies Mentioned
- Ainstein, Inc.
- Analog Devices Inc.
- Autoliv Inc.
- Baumer Ltd.
- Borgwarner Inc.
- Broadcom Inc.
- Continental Ag
- Denso Corp.
- Infineon Technologies Ag
- Lear Corp.
- Magna International Inc.
- NXP Semiconductors
- Rohde & Schwarz, Inc.
- Spartan Radar
- Texas Instruments Inc.
- Uhnder Inc.
- Valeo
- Veoneer Inc.
- Visteon Corp.
- Zf Friedrichshafen Ag
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 142 |
| Published | January 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 1.25 Billion |
| Forecasted Market Value ( USD | $ 2.12 Billion |
| Compound Annual Growth Rate | 11.1% |
| Regions Covered | United States |
| No. of Companies Mentioned | 20 |
