Global Automotive Radar Sensors Market 2017-2021
About Automotive Radar Sensors
Radar sensors (also known as headway sensors) are a key component of advanced driver assistance systems (ADASs). These sensors are employed to constantly sense (in real-time) the distance between vehicles or between the vehicle and large objects around it, thereby improving driving efficiency and safety. Automotive radar systems are usually employed in ADASs.
Technavio’s analysts forecast the global automotive radar sensors market to grow at a CAGR of 20.50% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive radar sensors market for 2017-2021. To calculate the market size, the report provides a detailed description of radar sensors and their system architecture to give the reader a flavor of the technologies involved.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Radar Sensors Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive radar sensors market: Autoliv, Continental, Delphi Automotive, DENSO, HELLA, InnoSenT, NXP Semiconductors, Robert Bosch, Smartmicro, Wistron NeWeb, and ZF-TRW.
Other Prominent Vendors in the market are: Asahi Kasei, Mitsubishi Electric, Nidec Elesys Americas, FUJITSU TEN (along with Valeo), Valeo (along with Raytheon), and Brigade.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is bi-static radar sensors to score over mono-static radar sensors due to stringent requirements on linearity and dynamic range of radar systems. Detection range is the main specification for long- and mid-range radar systems. Obtaining a high detection range requires high transmitter output power and highly sensitivity receiver. Meeting such stringent performance goals is more difficult for monostatic radar systems when compared with their bi-static counterparts.”
According to the report, one driver in market is rise of autonomous vehicle technology to increase need for radar sensor-based systems. As shown in the projected timeline for the adoption of vehicular autonomy, the earliest timeframe for the number of vehicles having considerable autonomy (level 3 and above) to reach critical mass (at Technavio, we consider 5% market penetration as critical mass for new technological domains) is 2025 in both the base case as well as optimistic scenarios. Our pessimistic scenario, which mostly counts in a near complete lack of regulatory support and consumer apprehension for autonomous features in passenger vehicles, does paint a sordid picture, however, with the 5% autonomy take rate projected to be attained around 2047.
Further, the report states that one challenge in market is price war with LiDARs is distinct threat to sustainability of automotive radar sensors market. As discussed previously in the section on market drivers, radar sensors have been the preferred choice as enablers for ADAS and autonomy as they are inexpensive than LiDAR sensors. The price is expected to decline as Mitsubishi Electric, the expert in the missile guidance systems technology, has begun attempts to produce cheaper radar sensors. The company's experience and the existing patents related to military radar space make it plausible to expect radar sensors to continue their current trends of price reduction.
Autoliv, Continental, Delphi Automotive, DENSO, HELLA, InnoSenT, NXP Semiconductors, Robert Bosch, Smartmicro, Wistron NeWeb, ZF-TRW, Asahi Kasei, Mitsubishi Electric, Nidec Elesys Americas, FUJITSU TEN (along with Valeo), Valeo (along with Raytheon), Brigade.