Global Automotive ACC Radar Market Size, Share and Trends Analysis Report, By Application (Adaptive Cruise Control (ACC), Autonomous Emergency Banking (AEB), Blind Spot Detection (BSD), Forward Collision Warning System, Intelligent Park Assist, Other ADAS Applications), By Frequency (24 GHz, 77 GHz, 78 GHz),By Range (Long Range RADAR (LRR), Short & Medium Range RADAR (S&MRR), By Vehicle Type (Passenger Car, Commercial Vehicles), Forecast (2022-2028)

The global automotive ACC radar market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). RADAR Automotive is one of the most important sensors in collision prevention, avoidance of vehicles and pedestrians, and more. The RADAR Automotive market is expected to show an impressive growth rate during the forecast period due to increased demand for vehicles with safety features.

 

Automotive radar is a major component of the advanced driver assist systems (ADAS), which can detect and distinguish certain objects on the road, and, appropriately, inform the driver of a location close to road conditions. Additionally, these systems can automatically slow down or stop the car depending on traffic conditions. Road accidents are a major cause of fatalities worldwide. The death toll from road accidents has increased dramatically. For instance, according to a World Health Organization report, some 1.3 million fatalities occurs in traffic accidents each year. In addition, road injuries that lead to death are high among young people. These factors lead to an increase in the need for safety features in vehicles. Companies working in the automotive sector are developing and introducing safety features to meet customer needs.

 

In addition, increased awareness of vehicle safety among consumers has led to an increase in demand for items such as cruise control and the availability of blind-spot that can support drivers and reduce the number of accidents. In addition, the alarming increase in deaths from car accidents has forced various governments to enact stricter laws and actively promote the development of automotive safety programs. Therefore, as a way to ensure better vehicle safety, widespread adoption of radar-based technology in vehicles is expected during forecasting.

 

In April 2019, NXP Semiconductors announced the investment and strategic partnership agreement with Hawkeye Technology Co. Ltd., a leading company in this field in China. The partnership allows NXP to access Hawkeye’s 77 GHz broadband information and strengthen its position in the Chinese market, where demand for automotive radar is almost double that worldwide. Therefore, strategic collaboration is an important part of multi-player focus.

 

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Application
  • By Frequency
  • By Range
  • By Vehicle Type
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Analog Device Inc., Borgwarner Inc., Continental AG, Denso Corp., NXP Semiconductors, among others.

 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

 

Global Automotive ACC Radar Market Report by Segment

By Application

• Adaptive Cruise Control (ACC)
• Autonomous Emergency Banking (AEB)
• Blind Spot Detection (BSD)
• Forward Collision Warning System
• Intelligent Park Assist
• Other ADAS Applications

By Frequency

• 24 GHz
• 77 GHz
• 78 GHz

By Range

• Long Range RADAR (LRR)
• Short & Medium Range RADAR (S&MRR)

By Vehicle Type

• Passenger Car
• Commercial Vehicles

 

Global Automotive ACC Radar Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa