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South America 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: TIPRE00020091 | Pages: 134 | Industry: Automotive and Transportation | Date: Mar 2021
Covid

Market Introduction

The ongoing expansion of the automotive manufacturing sector in the South America region is attributed to the presence of a large number of OEMs and automakers in the region. Brazil is a potentially large domestic market with low vehicle ownership and a growing economy. However, with time the country is witnessing rising automotive production is supporting the growth of the automotive radar market in the region. For instance, as per OICA, total vehicle/cars production in Brazil increased by 2.2% y-o-y in 2019. Further, the region has presence of a few major automakers—such as Volkswagen, General Motors, Hyundai, Toyota, Peugeot, Ford, and Renault. The national regulatory bodies of various countries in the region are encouraging the development of safer and more advanced vehicles. For instance, the Brazilian government has formulated favorable trade investment policies to encourage private investments in varied industry vertical including Automotive. The Brazilian government has also made provisions to give exemption to investors from custom duties and other taxes on the purchase of certain infrastructure and capital goods. Such government initiatives to support the growth of the automotive sector would strengthen the automotive manufacturing industry in the region, which is expected to support the growth of the automotive radar market in the region in the coming years.

The ongoing COVID-19 outbreak is negatively impacting SAM. Due to the presence of most of the automotive manufacturing capabilities of Brazil, SAM witnessed a limited impact despite slower demand for passenger vehicle sales. As per the Brazil automaker’s association, it is anticipated that the sales of automotive will recover to pre-COVID-19 levels by 2025. Also, several automakers in the country have witnessed a sharp decline in their production capabilities. According to Anfavea, the automakers association, the automotive production is expected to witness a fall of 45% in 2020 as compared to 2019. Also, the auto exports are expected to see a decline of 53% for the same duration. Moreover, recently, Ford Motors announced the closure of its three production facilities, It also announced that it will stop manufacturing operations in SAM. The COVID–19 pandemics would have a short-term impact on the SAM automotive radar market; however, it is anticipated that the market will recover in the coming years.

Market Overview and Dynamics

The automotive radar market in SAM is expected to grow from US$ 751.5 million in 2019 to US$ 1,634.4 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. The radar systems, made available from 2019, are developed for level 3 to level 5 autonomous driving vehicles. The systems scan the environment to gain understanding about the distance, speed, height, and depth of the object around the vicinity of the car. GhostWave Inc. is another startup that offers radar solutions that eliminate/avoid unintentional jamming. Oculli, a Canadian company, has 4D radar systems that can follow 200 targets simultaneously for mapping and localization. Thus, the growing focus on high-resolutions radar systems is emerging as a key trend in the SAM 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 SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are SAM automotive radar market. Aptiv Plc, Continental AG, Denso Corporation, HELLA KGaA Hueck & Co., Nidec Corporation, Robert Bosch GmbH, Valeo, Veoneer Inc, and ZF Friedrichshafen AG.

Reasons to buy report

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

SAM Automotive Radar Market Segmentation

SAM Automotive Radar Market - By Range

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

SAM Automotive Radar Market - By Frequency

  • 24 GHz
  • 77 GHz
  • 79 GHz

SAM Automotive Radar Market – Application

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

SAM Automotive Radar Market – Vehicle Type

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

SAM Automotive Radar Market - By Country

  • Brazil
  • Argentina
  • Rest of SAM

SAM 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.           SAM Automotive Radar Market Landscape

4.1         Market Overview

4.2         SAM PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           SAM Automotive Radar Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Significant Number of Road Injuries and Deaths

5.1.2        Emerging Passenger Car Requirement

5.2         Market Restraints

5.2.1        Challenges Involved With Radar Sensor Calibration and validation

5.3         Market Opportunities

5.3.1        Surging Necessity for Advanced Imaging Radar

5.4         Market Trends

5.4.1        Rising Emphasis on Radar Systems With High Resolution

5.5         Impact Analysis of Drivers and Restraints

6.           Automotive Radar Market– SAM Analysis

6.1         SAM Automotive radar Market Overview

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

6.3         Market Positioning – Five Key Players

7.           SAM Automotive Radar Market Analysis – by Range

7.1         Overview

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

8.1         Overview

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

9.1         Overview

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

10.1      Overview

10.2      SAM 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.        SAM Automotive Radar Market – Country Analysis

11.1      Overview

11.1.1     SAM: Automotive Radar Market, by Key Country

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

11.1.1.1.1       Brazil: Automotive Radar Market, by Range

11.1.1.1.2       Brazil: Automotive Radar Market, by Frequency

11.1.1.1.3       Brazil: Automotive Radar Market, by Application

11.1.1.1.4       Brazil: Automotive Radar Market, by Vehicle Type

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

11.1.1.2.1       Argentina: Automotive Radar Market, by Range

11.1.1.2.2       Argentina: Automotive Radar Market, by Frequency

11.1.1.2.3       Argentina: Automotive Radar Market, by Application

11.1.1.2.4       Argentina: Automotive Radar Market, by Vehicle Type

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

11.1.1.3.1       Rest of SAM: Automotive Radar Market, by Range

11.1.1.3.2       Rest of SAM: Automotive Radar Market, by Frequency

11.1.1.3.3       Rest of SAM: Automotive Radar Market, by Application

11.1.1.3.4       Rest of SAM: Automotive Radar Market, by Vehicle Type

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

12.1      SAM: 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

15.        Appendix

15.1      About The Insight Partners

             15.2      Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 14.            List of Abbreviation

LIST OF FIGURES

Figure 1.           SAM Automotive Radar Market Segmentation

Figure 2.           SAM Automotive Radar Market Segmentation – By Country

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

Figure 9.           SAM PEST Analysis

Figure 10.        Ecosystem Analysis

Figure 11.        Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 37.           Impact of COVID-19 Pandemic in SAM 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 SAM 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 SAM 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 SAM 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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