Europe Automotive Radar Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Range (Long Range Radar, Medium Range Rada, 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: TIPRE00020146 | Pages: 159 | Industry: Automotive and Transportation | Date: Mar 2021
Covid

Market Introduction

Germany, France, the UK, and Italy are among the key countries contributing to the European automotive radar market growth. In 2019, the region witnessed promising results of tech investments despite the economic slowdowns in the UK and EU. Over the past 5 years, capital investments in the European technology sector has grown by 124%, with a 39% increase in 2018–2019 alone; in 2019, the investments reached US$ 34.3 billion. Western Europe is characterized by the high standards of living, and it is one of the richest regions on the continent. The automotive manufacturers have 304 vehicle assembly plants and production plants in 27 countries in Europe. In 2019, more than 3 million units of commercial and passenger vehicles were produced at these sites. Thus, the growing production of commercial and passenger vehicles is boosting the demand for radar systems. A disciplined approach by EU through the reinforcement of measures for halving the total road accidents and deaths is another factor escalating the adoption of automotive radar systems in the region. Short-range radar systems are being extensively used in luxury cars that are on road in the region. Additionally, the EU is now promoting 76–79 GHz radar frequency, thereby creating extended growth opportunities for OEM manufacturers. As per spectrum regulations and standards developed by the ETSI and the FCC, c the UWB band of 24 GHz frequency range would be phased out of Europe by the beginning of 2022. Also, rising demand of passenger cars is going to bolster the demand for automotive radar in the coming years, which is further anticipated to drive the Europe automotive radar market.

Europe has been severely affected by the ongoing COVID-19 outbreak. Spain, Italy, Germany, the UK, and France are some of the worst affected member states in the European region. Businesses in the region are facing severe economic difficulties as they had to either suspend their operations or reduce their activities in a substantial manner. Owing to business shutdown, the region is anticipated to face an economic slowdown in 2020 and most likely in 2021 as well. Air business is one of the important businesses in the European countries, and the outbreak of COVID-19 across the region has paralyzed the entire business. The European region witnessed a varying pandemic impact across its economically diverse countries following the COVID-19 virus outbreak. For instance, countries such as Germany, UK, Netherlands, France, and selected other developed countries imposed stringent government restrictions and closed their borders to curb the virus spread hence plummeting the demand as well as the availability of various automotive components, including radar systems. Whereas, selected other countries such as Italy, Russia, and Spain witnessed a significant surge in cases, which notably impacted the demand for passenger vehicle sales during the April and July period. However, numerous European countries did recover swiftly in recent months. They witnessed a reliable surge in demand for automotive sales and its associated components among the OEMs and aftermarket sales. Further, countries in the region, including Germany, UK, France, and Belgium, have witnessed a second wave of the virus and have announced lockdown for the second time in November 2020. The situation amid the COVID-19 pandemic is extraordinary, which is anticipated to hamper the growth of the market.   


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Market Overview and Dynamics

The automotive radar market in Europe is expected to grow from US$ 1,355.8 million in 2019 to US$ 2,940.5 million by 2027; it is estimated to grow at a CAGR of 14.0% from 2020 to 2027. The radar technology is used in automobiles to operate and enable various ADAS functions. There is a significant shift toward smaller node complementary metal-oxide semiconductor (CMOS) or silicon-on-insulator (SOI) chips, which enable higher monolithic functions. The operational frequency of the radar technology is increasing with enhanced velocity and angular resolution. Moreover, the range resolution of the technology is increasing with the improvement in its overall bandwidth. There are number of startups that are in the forefront of some of these trends. For instance, Arbe, an Israel-based company, has designed its own chip and developed its own algorithm for radar signal processing. Furthermore, Uhnder Inc., US, has collaborated with Magna International for the supply of its high-resolution radar systems to a wider clientele.

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 Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Europe automotive radar market. Aptiv Plc; Continental AG; Denso Corporation; HELLA KGaA Hueck & Co.; Nidec Corporation; Robert Bosch GmbH; Valeo; Veoneer Inc; ZF Friedrichshafen AG.

Reasons to buy report

  • To understand the Europe 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 Europe automotive radar market
  • Efficiently plan M&A and partnership deals in Europe 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 Europe automotive radar market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.

Europe Automotive Radar Market Segmentation

Europe Automotive Radar Market - By Range

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

Europe Automotive Radar Market - By Frequency

  • 24 GHz
  • 77 GHz
  • 79 GHz

Europe Automotive Radar Market – Application

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

Europe Automotive Radar Market – Vehicle Type

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

Europe Automotive Radar Market - By Country

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

Europe Automotive Radar Market - Company Profiles

  • Aptiv Plc
  • Continental AG
  • Denso Corporation
  • HELLA KGaA Hueck & Co.
  • Nidec Corporation
  • Robert Bosch GmbH
  • 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.           Europe Automotive Radar Market Landscape

4.1         Market Overview

4.2         Europe PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           Europe Automotive Radar Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Road Accidents and Fatalities Rising

5.1.2        Passenger Cars Demand Rising

5.2         Market Restraints

5.2.1        Test and Validation of Radar Sensors Related Challenges

5.3         Market Opportunities

5.3.1        Advanced Imaging Radar at High Demand

5.4         Market Trends

5.4.1        High-Resolution Radar Systems Being Focussed

5.5         Impact Analysis of Drivers and Restraints

6.           Automotive Radar Market– Europe Analysis

6.1         Europe Automotive radar Market Overview

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

6.3         Market Positioning – Five Key Players

7.           Europe Automotive Radar Market Analysis – by Range

7.1         Overview

7.2         Europe 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.           Europe Automotive Radar Market Revenue and Forecast to 2027 By Frequency

8.1         Overview

8.2         Europe 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.           Europe Automotive Radar Market Revenue and Forecast to 2027 By Application

9.1         Overview

9.2         Europe 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.        Europe Automotive Radar Market Revenue and Forecast to 2027 By Vehicle Type

10.1      Overview

10.2      Europe 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.        Europe Automotive Radar Market – Country Analysis

11.1      Overview

11.1.1     Europe: Automotive Radar Market, by Key Country

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

11.1.1.1.1       UK: Automotive Radar Market, by Range

11.1.1.1.2       UK: Automotive Radar Market, by Frequency

11.1.1.1.3       UK: Automotive Radar Market, by Application

11.1.1.1.4       UK: Automotive Radar Market, by Vehicle Type

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

11.1.1.2.1       Germany: Automotive Radar Market, by Range

11.1.1.2.2       Germany: Automotive Radar Market, by Frequency

11.1.1.2.3       Germany: Automotive Radar Market, by Application

11.1.1.2.4       Germany: Automotive Radar Market, by Vehicle Type

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

11.1.1.3.1       France: Automotive Radar Market, by Range

11.1.1.3.2       France: Automotive Radar Market, by Frequency

11.1.1.3.3       France: Automotive Radar Market, by Application

11.1.1.3.4       France: Automotive Radar Market, by Vehicle Type

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

11.1.1.4.1       Italy: Automotive Radar Market, by Range

11.1.1.4.2       Italy: Automotive Radar Market, by Frequency

11.1.1.4.3       Italy: Automotive Radar Market, by Application

11.1.1.4.4       Italy: Automotive Radar Market, by Vehicle Type

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

11.1.1.5.1       Russia: Automotive Radar Market, by Range

11.1.1.5.2       Russia: Automotive Radar Market, by Frequency

11.1.1.5.3       Russia: Automotive Radar Market, by Application

11.1.1.5.4       Russia: Automotive Radar Market, by Vehicle Type

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

11.1.1.6.1       Rest of Europe: Automotive Radar Market, by Range

11.1.1.6.2       Rest of Europe: Automotive Radar Market, by Frequency

11.1.1.6.3       Rest of Europe: Automotive Radar Market, by Application

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

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

12.1      Europe: 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

15.        Appendix

15.1      About The Insight Partners

             15.2      Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 22.          Rest of Europe: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)

Table 23.          Rest of Europe: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)

Table 24.          Rest of Europe: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 25.          Rest of Europe: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)

Table 26.            List of Abbreviation

LIST OF FIGURES

Figure 1.           Europe Automotive Radar Market Segmentation

Figure 2.           Europe Automotive Radar Market Segmentation – By Country

Figure 3.           Europe 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.           Europe Automotive Radar Market, Country Analysis

Figure 9.           Europe PEST Analysis

Figure 10.        Ecosystem Analysis

Figure 11.        Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 39.        Rest of Europe: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 40.           Impact of COVID-19 Pandemic in Europe Country Markets

  1. Aptiv Plc
  2. Continental AG
  3. Denso Corporation
  4. HELLA KGaA Hueck & Co.
  5. Nidec Corporation
  6. Robert Bosch GmbH
  7. Valeo
  8. Veoneer Inc
  9. ZF Friedrichshafen AG
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe market trends and outlook coupled with the factors driving the automotive radar market, as well as those hindering it
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