Safety has always been a top priority for both passengers and pedestrians 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 (the Association for Safe International Road Travel), on 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 various automobile manufacturers to increasingly adopt collision avoidance systems, which not only help to prevent traffic crashes but also reduce the associated medical costs.
Long-distance car radars offer multiple benefits, such as visibility through fog, self-braking, and tracking other vehicles hundreds of meters ahead. These radars alert drivers if the possibility of a collision is detected. Moreover, it is immensely useful while driving on the highway, where any slight change in the track of a vehicle may result in a severe crash. Long-distance car radar sensors incorporate features such as adaptive cruise control (ACC), autonomous emergency braking (AEB), and a forward collision warning system (FCWS). In March 2016, the Insurance Institute for Highway Safety and the 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 in R&D activities are 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 push on the part of the radar manufacturers towards a reduction in the size of the radar, increasing the detection angle and distance range, and improving the accuracy of the detection angle, among others. Moreover, the various leading automobile manufacturers are also entering into partnerships with long-distance car radar manufacturers to develop these radars. However, the adoption of these technologies adds to the vehicle’s 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 largely 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 market for long-distance car radars is classified as follows:
- Rear car radars
- Front car radars
- Commercial Vehicle
- Passenger Vehicle
- Forward Collision Warning System (FCWS)
- Autonomous Emergency Braking (AEB)
- Adaptive Cruise Control (ACC)
- Pedestrian Automatic Emergency Braking System (PAEB)
- North America
- The U.S.
- rest of North America
Rest of Europe
- 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.