Home / Automotive & Transportation / Long-Distance Car Radars Market Growth, Future Prospects & Competitive Analysis, 2017-2025

Long-Distance Car Radars Market Growth, Future Prospects & Competitive Analysis, 2017-2025

Overview:

Safety has always remained a top priority for both passengers and pedestrians while on the road. With the number of fatalities and crashes increasing every year, there has been a growing focus on the part of various automobile manufacturers to tackle this rising concern. According to statistics released by ASIRT (Association for Safe International Road Travel), on an average 3,287 people die in road accidents every day. It further mentions that unless any action is taken, road accident related deaths are expected to become the fifth most common cause of death by 2030. These factors have led the various automobile manufacturers to increasingly adopt collision avoidance systems which not only helps to prevent traffic crashes but also reduce the medical cost associated with the accident.

Long-distance car radars offer multiple benefits such as; visibility through fog, self-braking and track other vehicles hundreds of meters ahead. These radars provide warning to the drivers in case any possibility of a crash is detected. Moreover, it is immensely useful while driving on the highway when any slight change in the track of a vehicle may result in a severe crash. Long-distance car radar sensors incorporates features such as Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB) and Forward Collision Warning System (FCWS). In March 2016, the Insurance Institute for Highway Safety and National Highway Traffic Safety Administration (NHTSA) announced 99% of automobile manufacturers in the U.S. have agreed to equip automatic emergency braking systems on any new vehicles they manufacture by 2022.

Large scale investments on R&D activities is one of the most prominent trends in the long-distance car radars market. These R&D efforts revolve around product innovation and technological advancements. There has been a continuous thrive on the part of the radar manufacturers towards reduction in the size of the radar, increasing the detection angle & distance range and improving the accuracy of angle among others. Moreover, the various leading automobile manufacturers are also entering into partnerships with the long-distance car radar manufacturers to develop these radars. However, adoption of these technologies adds to the vehicle cost and thus makes it expensive for both the consumer and the vehicle manufacturer.

In terms of value, North America dominated the long-distance car radars market in 2016. The market here is majorly governed by the stringent safety regulations in the region. Therefore, growing regulations pertaining to vehicle safety are expected to propel the demand for long-distance car radars in the coming years. In addition, increasing consumer awareness regarding safety features has also contributed to the demand in the region.

The global long-distance car radars market is segmented on the following bases:

  • Product Type
    • Rear Car Radars
    • Front Car Radars
  • Vehicle Type
    • Commercial Vehicle
    • Passenger Vehicle
  • Detection Type
    • Forward Collision Warning System (FCWS)
    • Autonomous Emergency Braking (AEB)
    • Adaptive Cruise Control (ACC)
    • Pedestrian Automatic Emergency Braking System (PAEB)
  • Geography
    • North America
      • The U.S.
      • Rest of North America
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • South Asia
      • Rest of APAC
    • Rest of the World (RoW)
      • The Middle East and Africa (MEA)
      • Latin America

Key Players Identified in the Long-distance Car Radars Market include but are not limited to:

Robert Bosch GmbH, Continental AG, NXP Semiconductors N.V., Texas Instruments, Inc. and Delphi Automotive PLC among others.

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