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Asia-Pacific Automotive Radar Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Range (Long Range Radar, Medium Range Radar, and Short Range Radar), Frequency (24 GHz, 77 GHz, and 79 GHz), Application (Adaptive Cruise Control, Autonomous Emergency Braking, Blind Spot Detection, Forward Collision Warning System, Intelligent Park Assist, and Others), and Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Medium & Heavy Commercial Vehicles)

Code: TIPRE00020080 | Pages: 162 | Industry: Automotive and Transportation | Date: Mar 2021
Covid

Market Introduction

Based on country, the APAC automotive radar market is segmented into Australia, China, India, Japan, and South Korea. APAC is estimated to hold the largest market share throughout the forecast period. Moreover, the region is also anticipated to grow at the highest CAGR rate. The presence of vast automotive manufacturing industry in the region, particularly in China, is fueling the automotive radar market growth in the region. Moreover, rising awareness among the middle-class population regarding vehicle safety is another significant factor propelling radar systems' deployment in mid-range passenger cars. The demand for automotive radars in APAC is bolstered by the stringent government regulations on vehicle safety. Moreover, countries such as Japan and India manufacturers of the premium cars. Also, the automotive industry in APAC significantly invests in R&D on autonomous vehicles, which is bolstering the growth of the market. APAC countries are increasingly implementing intelligent transport systems (ITS) as they improve road safety, ensure smoother traffic, reduce environmental burdens, and stimulate regional economic activity. The advancements in transportation systems, along with the mounting importance of car safety, are propelling the adoption of advanced technologies such as automotive radar in vehicles. Also, high resolution radar systems coming into limelight is going to bolster the demand for automotive radar in the coming years, which is further anticipated to drive the APAC automotive radar market.

The APAC region constitutes the world’s two most populated countries as well as manufacturing hubs across India and China. The China region virtually imposed strict lockdown and social isolation, which almost halted the manufacturing and production of numerous automotive OEMs and OESs for several weeks resulting in shrinking market demand. Moreover, the country also isolated its import as well as the export of critical raw materials and components for numerous automotive vehicles impacting the supply chain of various end-user industries. Similarly, India also imposed a nationwide lockdown to mitigate the growing COVID-19 cases across the country. As a result, the subsequent lockdown and disruption of numerous industrial equipment across China and India have contributed significantly to negatively impacting the automotive radar market growth across the APAC region. The closure of several wholesalers, distributors, and sales representatives has also witnessed limited availability of automotive aftermarket products or their related components from other European and North American-based market players. After a prolonged lockdown, various countries have started easing the restrictions. For instance, the government of India started the unlock phase in which it allowed the manufacturing activities to resume. The COVID–19 pandemics will have a short-term impact on the APAC automotive radar market; however, the market will recover in the coming years.

Market Overview and Dynamics

The automotive RADAR market in APAC is expected to grow from US$ 1,722.3 million in 2019 to US$ 4,261.7 million by 2027; it is estimated to grow at a CAGR of 15.9% from 2020 to 2027. With the mounting number of level 2+ vehicles on road, the need for advanced and more accurate automotive radar sensors is increasing. This acts as a huge opportunity for OEMs offering basic-level radar sensors. For instance, Xilinx and Continental announced the first production-ready 4D imaging radar. Theoretically, 4D imaging radar uses echolocation (mechanism that is observed in dolphins, bats, and several humans) and the time-of-flight measurement principle to capture a space in 3D. Furthermore, these radar systems are designed fulfill the imaging requirements within the time scale of a fast-moving automobile or a zooming drone. Therefore, the fourth dimension enhances the overall accuracy in a self-driving system. The 4D imaging radar is operational in all types of whether/environment conditions, including fog, darkness, and heavy rains. Numerous companies are investing in R&D to introduce such advanced radar-based imaging technologies and gain a maximum share in the APAC automotive radar market.

Key Market Segments

Based on range, the short range radar segment is expected to lead the market throughout the forecast period. By frequency, 24 GHz is expected to dominate the market in 2019; however, the 77 GHz is anticipated to attain the highest market share by frequency by 2027. By Application, the adaptive cruise control segment is anticipated to dominate the market by 2027. The passenger cars segment is expected to hold over 70% of the market share based on vehicle type from 2019 to 2027.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the automotive radar market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are APAC automotive radar market. Aptiv Plc; Continental AG; Denso Corporation; HELLA KGaA Hueck & Co.; Nidec Corporation; Robert Bosch GmbH; Tung Thih Electronic Co Ltd; Valeo; Veoneer Inc; ZF Friedrichshafen AG.

Reasons to buy report

  • To understand the APAC automotive radar market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC automotive radar market
  • Efficiently plan M&A and partnership deals in APAC automotive radar market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC automotive radar market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.

APAC Automotive Radar Market Segmentation

APAC Automotive Radar Market - By Range

  • Long Range Radar (LRR)
  • Medium Range Radar (MRR)
  • Short Range Radar (SRR)

APAC Automotive Radar Market - By Frequency

  • 24 GHz
  • 77 GHz
  • 79 GHz

APAC Automotive Radar Market – Application

  • Adaptive Cruise Control
  • Autonomous Emergency Braking
  • Blind Spot Detection
  • Forward Collision Warning System
  • Intelligent Park Assist
  • Others

APAC Automotive Radar Market – Vehicle Type

  • Adaptive Cruise Control
  • Passenger Cars
  • Light Commercial Vehicle
  • Medium & Heavy Commercial Vehicles

APAC Automotive Radar Market - By Country

  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

APAC Automotive Radar Market - Company Profiles

  • Aptiv Plc
  • Continental AG
  • Denso Corporation
  • HELLA KGaA Hueck & Co.
  • Nidec Corporation
  • Robert Bosch GmbH
  • Tung Thih Electronic Co Ltd
  • Valeo
  • Veoneer Inc
  • ZF Friedrichshafen AG  

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           APAC Automotive Radar Market Landscape

4.1         Market Overview

4.2         APAC PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           APAC Automotive Radar Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Increasing Toll of Road Accidents and Deaths

5.1.2        Surge in Passenger Cars Demand

5.2         Market Restraints

5.2.1        Difficulties in Test and Validation of Radar Sensors

5.3         Market Opportunities

5.3.1        Advanced Imaging Radar Witnessing Demand Growth

5.4         Market Trends

5.4.1        Resolution Radar Systems Coming Into Limelight

5.5         Impact Analysis of Drivers and Restraints

6.           Automotive Radar Market– APAC Analysis

6.1         APAC Automotive radar Market Overview

6.2         APAC Automotive Radar Market– Revenue and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Five Key Players

7.           APAC Automotive Radar Market Analysis – by Range

7.1         Overview

7.2         APAC Automotive Radar Market, by Range (2019 and 2027)

7.3         Long Range Radar (LRR)

7.3.1        Overview

7.3.2        Long Range Radar (LRR): Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

7.4         Mid-Range Radar (MRR)

7.4.1        Overview

7.4.2        Mid-Range Radar (MRR): Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

7.5         Short Range Radar (SRR)

7.5.1        Overview

7.5.2        Short Range Radar (SRR): Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

8.           APAC Automotive Radar Market Revenue and Forecast to 2027 By Frequency

8.1         Overview

8.2         APAC Automotive Radar Market Breakdown, By Frequency, 2019 & 2027

8.3 GHZ

8.3.1        Overview

8.3.2 GHZ: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

8.4 GHZ

8.4.1        Overview

8.4.2 GHZ: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

8.5 GHZ

8.5.1        Overview

8.5.2 GHZ: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

9.           APAC Automotive Radar Market Revenue and Forecast to 2027 By Application

9.1         Overview

9.2         APAC Automotive Radar Market Breakdown, By Application, 2019 & 2027

9.3         Adaptive Cruise Control

9.3.1        Overview

9.3.2        Adaptive Cruise Control: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

9.4         Autonomous Emergency Braking

9.4.1        Overview

9.4.2        Autonomous Emergency Braking: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

9.5         Blind Spot Detection

9.5.1        Overview

9.5.2        Blind Spot Detection: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

9.6         Forward Collision Warning System

9.6.1        Overview

9.6.2        Forward Collision Warning System: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

9.7         Intelligent Park Assist

9.7.1        Overview

9.7.2        Intelligent Park Assist: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

9.8         Others

9.8.1        Overview

9.8.2        Others: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

10.        APAC Automotive Radar Market Revenue and Forecast to 2027 By Vehicle Type

10.1      Overview

10.2      APAC Automotive Radar Market Breakdown, By Vehicle Type, 2019 & 2027

10.3      Passenger Cars

10.3.1     Overview

10.3.2     Passenger Cars: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

10.4      Light Commercial Vehicles

10.4.1     Overview

10.4.2     Light Commercial Vehicles: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

10.5      Medium and Heavy Commercial Vehicles

10.5.1     Overview

10.5.2     Medium and Heavy Commercial Vehicles: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

11.        APAC Automotive Radar Market – Country Analysis

11.1      Overview

11.1.1     APAC: Automotive Radar Market, by Key Country

11.1.1.1       China: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)

11.1.1.1.1       China: Automotive Radar Market, by Range

11.1.1.1.2       China: Automotive Radar Market, by Frequency

11.1.1.1.3       China: Automotive Radar Market, by Application

11.1.1.1.4       China: Automotive Radar Market, by Vehicle Type

11.1.1.2       Japan: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)

11.1.1.2.1       Japan: Automotive Radar Market, by Range

11.1.1.2.2       Japan: Automotive Radar Market, by Frequency

11.1.1.2.3       Japan: Automotive Radar Market, by Application

11.1.1.2.4       Japan: Automotive Radar Market, by Vehicle Type

11.1.1.3       India: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)

11.1.1.3.1       India: Automotive Radar Market, by Range

11.1.1.3.2       India: Automotive Radar Market, by Frequency

11.1.1.3.3       India: Automotive Radar Market, by Application

11.1.1.3.4       India: Automotive Radar Market, by Vehicle Type

11.1.1.5       South Korea: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)

11.1.1.5.1       South Korea: Automotive Radar Market, by Range

11.1.1.5.2       South Korea: Automotive Radar Market, by Frequency

11.1.1.5.3       South Korea: Automotive Radar Market, by Application

11.1.1.5.4       South Korea: Automotive Radar Market, by Vehicle Type

11.1.1.6       Rest of APAC: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)

11.1.1.6.1       Rest of APAC: Automotive Radar Market, by Range

11.1.1.6.2       Rest of APAC: Automotive Radar Market, by Frequency

11.1.1.6.3       Rest of APAC: Automotive Radar Market, by Application

11.1.1.6.4       Rest of APAC: Automotive Radar Market, by Vehicle Type

12.        Impact of COVID-19 Pandemic on APAC Automotive Radar Market

12.1      APAC: Impact Assessment of COVID-19 Pandemic

13.        Industry Landscape

13.1      Market Initiative

13.2      Merger and Acquisition

13.3      New Product Development

14.        Company Profiles

14.1      Continental AG

14.1.1     Key Facts

14.1.2     Business Description

14.1.3     Products and Services

14.1.4     Financial Overview

14.1.5     SWOT Analysis

14.1.6     Key Developments

14.2      Denso Corporation

14.2.1     Key Facts

14.2.2     Business Description

14.2.3     Products and Services

14.2.4     Financial Overview

14.2.5     SWOT Analysis

14.2.6     Key Developments

14.3      Aptiv PLC

14.3.1     Key Facts

14.3.2     Business Description

14.3.3     Products and Services

14.3.4     Financial Overview

14.3.5     SWOT Analysis

14.3.6     Key Developments

14.4      HELLA GmbH and Co. KGaA

14.4.1     Key Facts

14.4.2     Business Description

14.4.3     Products and Services

14.4.4     Financial Overview

14.4.5     SWOT Analysis

14.4.6     Key Developments

14.5      Robert Bosch GmbH

14.5.1     Key Facts

14.5.2     Business Description

14.5.3     Products and Services

14.5.4     Financial Overview

14.5.5     SWOT Analysis

14.5.6     Key Developments

14.6      Valeo

14.6.1     Key Facts

14.6.2     Business Description

14.6.3     Products and Services

14.6.4     Financial Overview

14.6.5     SWOT Analysis

14.6.6     Key Developments

14.7      ZF Friedrichshafen AG

14.7.1     Key Facts

14.7.2     Business Description

14.7.3     Products and Services

14.7.4     Financial Overview

14.7.5     SWOT Analysis

14.7.6     Key Developments

14.8      Nidec Corporation

14.8.1     Key Facts

14.8.2     Business Description

14.8.3     Products and Services

14.8.4     Financial Overview

14.8.5     SWOT Analysis

14.8.6     Key Developments

14.9      Veoneer Inc

14.9.1     Key Facts

14.9.2     Business Description

14.9.3     Products and Services

14.9.4     Financial Overview

14.9.5     SWOT Analysis

14.9.6     Key Developments

14.10   Tung Thih Electronic Co Ltd

14.10.1  Key Facts

14.10.2  Business Description

14.10.3  Products and Services

14.10.4  Financial Overview

14.10.5  SWOT Analysis

14.10.6  Key Developments

15.        Appendix

15.1      About The Insight Partners

             15.2      Word Index

LIST OF TABLES

Table 1.             APAC Automotive Radar Market– Revenue and Forecast to 2027 (US$ Million)

Table 2.             China: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)

Table 3.             China: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)

Table 4.             China: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 5.             China: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)

Table 6.             Japan: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)

Table 7.             Japan: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)

Table 8.             Japan: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 9.             Japan: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)

Table 10.          India: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)

Table 11.          India: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)

Table 12.          India: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 13.          India: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)

Table 14.          South Korea: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)

Table 15.          South Korea: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)

Table 16.          South Korea: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 17.          South Korea: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)

Table 18.          Rest of APAC: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)

Table 19.          Rest of APAC: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)

Table 20.          Rest of APAC: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 21.          Rest of APAC: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)

Table 22.            List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC Automotive Radar Market Segmentation

Figure 2.           APAC Automotive Radar Market Segmentation – By Country

Figure 3.           APAC Automotive Radar Market Overview

Figure 4.           Short Range Radar Segment Held the Largest Share During Forecast Period

Figure 5. GHZ Frequency Segment to Grow at A Faster CAGR

Figure 6.           Adaptive Cruise Control Segment Held the Largest Share During Forecast Period

Figure 7.           Passenger Cars Segment Held the Largest Share During Forecast Period

Figure 8.           APAC Automotive Radar Market, Country Analysis

Figure 9.           APAC PEST Analysis

Figure 10.        Ecosystem Analysis

Figure 11.        Expert Opinion

Figure 12.        APAC Automotive Radar Market Impact Analysis of Drivers and Restraints

Figure 13.        APAC Automotive Radar Market– Revenue and Forecast to 2027 (US$ Million)

Figure 14.        APAC Automotive Radar Market Revenue Share, by Range (2019 and 2027)

Figure 15.        APAC Long Range Radar (LRR): Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.        APAC Mid-Range Radar (MRR): Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17.        APAC Short Range Radar (SRR): Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        APAC Automotive Radar Market Breakdown, By Frequency, 2019 & 2027

Figure 19.        APAC 24 GHZ: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        APAC 77 GHZ: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        APAC 79 GHZ: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.        APAC Automotive Radar Market Breakdown, By Application, 2019 & 2027

Figure 23.        APAC Adaptive Cruise Control: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        APAC Autonomous Emergency Braking: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        APAC Blind Spot Detection: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.        APAC Forward Collision Warning System: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.        APAC Intelligent Park Assist: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.        APAC Others: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

Figure 29.        APAC Automotive Radar Market Breakdown, By Vehicle Type, 2019 & 2027

Figure 30.        APAC Passenger Cars: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.        APAC Light Commercial Vehicles: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

Figure 32.        APAC Medium and Heavy Commercial Vehicles: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)

Figure 33.        APAC: Automotive Radar Market Revenue Share, by Key Country (2019 and 2027)

Figure 34.        China: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 35.        Japan: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 36.        India: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 37.        South Korea: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 38.        Rest of APAC: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 39.           Impact of COVID-19 Pandemic in APAC Country Markets

  1. Aptiv Plc
  2. Continental AG
  3. Denso Corporation
  4. HELLA KGaA Hueck & Co.
  5. Nidec Corporation
  6. Robert Bosch GmbH
  7. Tung Thih Electronic Co Ltd
  8. Valeo
  9. Veoneer Inc
  10. ZF Friedrichshafen AG
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC automotive radar market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC automotive radar market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the automotive radar market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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