Asia Pacific Market Insights on Automotive Radar: Insights and Forecast, 2019-2025: Emphasis on Radar Range (Short Range Radar & Mid-Range Radar (S&MRR), Long Range Radar (LRR)), Applications(Adaptive Cruise Control, Autonomous Emergency Braking, Intelligent Parking Systems, Blind Spot Detection, Collision Mitigation System, Others)
August 2019
156
About the Report
About the Report
Asia Pacific is the largest car manufacturing hub in the world and is home to some of the prominent car manufacturers such as Nissan, Hyundai, Honda, Kia, and Toyota, among others. The Asian market is also an emerging market for automotive sector, which is primarily backed by the low-cost country sourcing and high-level of industrialization in the region. Rising number of accidents paired with increasing demand for safer vehicle mobility and strict government regulations and initiatives for creating innovative radar systems are the major factors driving the deployment of radar technology in vehicles in the Asian countries such as India, China and Thailand, among others. Additionally, growing trend of autonomous vehicles and rising vehicle electrification is expected to foster the growth of automotive radar in the region. The increased sales of vehicles in Asian countries would further provide wider range of growth opportunity for the vendors operating in the industry to increase their revenue share. However, counterfeiting in India and China and high import and taxes charged by government in several countries are posing as the major challenges in the region.
Asian Automotive radar market is segmented based on the range of the radars. It includes short and midrange radar (S&MRR) and long range radar (LRR). The short-range radar (SRR) system primarily operates at the 24 GHz frequency band and requires a large bandwidth ranging from 3-5 GHz. The Long-range radar (LRR) operates at 77-81 GHz frequency band and showcase the promising future in automotive radar market. In 2017, S&MRR segment dominated over LRR however LRR is anticipated to be the fastest growing market with a CAGR of 25.9% during the forecast period (2018-2024). Based on different application areas, the market is categorized as Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Intelligent Parking System (IPS), Blind Spot Detection (BSD), Collision Mitigation System (CMS) and others. Among these application areas, adaptive cruise control is expected to be the largest market during the forecast period. On the other hand, the market value of autonomous emergency braking application is anticipated to be the fastest growing during the forecast period. Adaptive Cruise control is a luxury feature that allows vehicles cruise control system to adapt the vehicles speed to the traffic environment. The system can increase or decrease the car's speed to maintain a safer distance.
The study further includes the segmentation across different frequency bands such as 24 GHz and 77 GHz. The 24 GHz is a frequency band which is used in automotive radar. It is a vital component of Short range radar which is primarily being used for basic smart driving features such as blind spot detection and collision avoidance system. Due to the increase in demand for 24 GHz radars in Asia Pacific, this segment held the highest market share In 2017, However by 2021, the market value of 77 GHz radars is anticipated to exceed the market of 24 GHz radar and is anticipated to remain dominant by 2024.
Asian automotive radar market is also fragmented across different vehicle types that include passenger cars, luxury cars and commercial vehicles. In 2017, passenger vehicles segment dominated the market with a market value of USD 537.27 million. Adding to this, the increase in demand of radar systems in the luxury vehicles segment is expected to propel the luxury vehicles segment making it the fastest growing market during the forecast period.
For an in-depth understanding of the Asian automotive radar market, it is further segmented across different countries that are China, Japan, India, Singapore, South Korea, Australia and rest of Asia Pacific. In 2017, China dominated Asian market, the major factors attributed for this were huge automotive industry, presence of several radar suppliers and rise in economic conditions of the consumers, among others.
Some of the major players profiled in the report include Continental AG, Robert Bosch GmbH, Denso Corporation, Aptiv Plc, Infineon Technologies Inc., NXP Semiconductors NV, Valeo SA, Analog Devices Inc., Hella KGaA Hueck & Co and Texas Instruments Inc. These players are entering into several competitive strategies (partnerships, merger-acquisitions, joint venture, new product launch, business expansion and others) with each other or other supplier or automotive OEMs to strengthen their position in the market.
Products
Companies
Continental AG, Robert Bosch GmbH, Denso Corporation, Delphi Automotive Plc, Infineon Technologies AG, NXP Semiconductors NV, Valeo SA, Analog Devices Inc, Hella KGaA Hueck and Co, Texas Instruments Inc.
Table of Contents
Table of Contents
1. MARKET INTRODUCTION
1.1 Market Definition 13
1.2 Objective of the Study 13
1.3 Limitation 13
1.4 Stakeholders 13
1.5 Currency used in the Report 14
2. RESEARCH METHODOLOGY OR ASSUMPTION 15
2.1 Secondary Data 15
2.2 Key Secondary Sources 15
2.3 Primary Data 15
2.4 Sampling Techniques & Data Collection Methods 15
2.5 Primary Participants 15
3. REGULATORY FRAMEWORK 16
General Overview 16
3.1 China Regulation for Automotive Radar 16
3.2 India Regulation for Automotive Radar 16
3.3 Australia Regulation for Automotive Radar 16
3.4 Singapore Regulation for Automotive Radar 16
3.5 Japan Regulation for Automotive Radar 17
3.6 South Korea Regulation for Automotive Radar 17
4. INDUSTRY PERFORMANCE 18
5. EXECUTIVE SUMMARY 20
6. MARKET OVERVIEW 22
6.1 Introduction 22
6.2 Market Dynamics 23
6.2.1 Market Drivers 23
6.2.1.1 High Automotive Production & Sales 23
6.2.1.2 Increasing Penetration of Premium and luxury Vehicles 25
6.2.1.3 Government Regulation for Vehicle and Road Safety 25
6.2.2 Market Restraints 26
6.2.1.4 Counterfeit Market; India & China 26
6.2.1.5 Import Duties & Taxes 26
6.2.3 Opportunities in the Market 27
6.2.1.6 China luxury Car Market 27
6.2.1.7 Prospect for Global Automakers & Equipment manufacturers 28
6.3 Key Market Indicators (Demand & Supply scenario) 29
6.3.1 Demand and Supply Side Analysis 29
7. MARKET INSIGHTS, BY RADAR RANGE 31
General Overview 31
7.1 Short Range Radar & Mid-Range Radar (S&MRR) 32
7.2 Long Range Radar (LRR) 33
8. MARKET INSIGHTS, BY APPLICATION 35
General Overview 35
8.1 Adaptive Cruise Control 36
8.2 Autonomous Emergency Braking 37
8.3 Intelligent Parking Systems 38
8.4 Blind Spot Detection 40
8.5 Collision Mitigation System 41
8.6 Other Applications 42
9. MARKET INSIGHTS, BY FREQUENCY BAND 44
General Overview 44
9.1 2X-GHz 45
9.2 7X-GHz 46
10. MARKET INSIGHTS, BY VEHICLE TYPE 48
General Overview 48
10.1 Passenger Vehicle 49
10.2 Luxury Vehicles 51
10.3 Commercial Vehicles 52
11. MARKET INSIGHTS, BY COUNTRY 54
11.1 General Overview 54
11.2 Asia-Pacific Automotive Radar market, by Country 55
11.3 China Automotive Radar Market 55
6.2.1.8 China Automotive Radar Market, by Radar Range 56
6.2.1.9 China Automotive Radar Market, by Application 57
6.2.1.10 China Automotive Radar Market, by Frequency Band 57
6.2.1.11 China Automotive Radar Market, by Vehicle Type 58
11.4 Japan Automotive Radar Market 58
6.2.1.12 Japan Automotive Radar Market, by Radar Range 59
6.2.1.13 Japan Automotive Radar Market, by Application 60
6.2.1.14 Japan Automotive Radar Market, by Frequency Band 60
6.2.1.15 Japan Automotive Radar Market, by Vehicle Type 61
11.5 India Automotive Radar Market 61
6.2.1.16 India Automotive Radar Market, by Radar Range 62
6.2.1.17 India Automotive Radar Market, by Application 62
6.2.1.18 India Automotive Radar Market, by Frequency Band 63
6.2.1.19 India Automotive Radar Market, by Vehicle Type 64
11.6 Singapore Automotive Radar Market 64
6.2.1.20 Singapore Automotive Radar Market, by Radar Range 65
6.2.1.21 Singapore Automotive Radar Market, by Application 65
6.2.1.22 Singapore Automotive Radar Market, by Frequency Band 66
6.2.1.23 Singapore Automotive Radar Market, by Vehicle Type 67
11.7 South Korea Automotive Radar Market 67
6.2.1.24 South Korea Automotive Radar Market, by Radar Range 68
6.2.1.25 South Korea Automotive Radar Market, by Application 68
6.2.1.26 South Korea Automotive Radar Market, by Frequency Band 69
6.2.1.27 South Korea Automotive Radar Market, by Vehicle Type 70
11.8 Australia Automotive Radar Market 70
6.2.1.28 Australia Automotive Radar Market, by Radar Range 71
6.2.1.29 Australia Automotive Radar Market, by Application 71
6.2.1.30 Australia Automotive Radar Market, by Frequency Band 72
6.2.1.31 Australia Automotive Radar Market, by Vehicle Type 73
11.9 Rest of APAC Automotive Radar Market 73
6.2.1.32 Rest of APAC Automotive Radar Market, by Radar Range 74
6.2.1.33 Rest of APAC Automotive Radar Market, by Application 74
6.2.1.34 Rest of APAC Automotive Radar Market, by Frequency Band 75
6.2.1.35 Rest of APAC Automotive Radar Market, by Vehicle Type 76
12. COMPETITIVE SCENARIO 77
Asia-Pacific Automotive Radar Market Share Analysis, 2017 77
13. COMPANY PROFILES 79
13.1 Continental AG 79
13.1.1 Key Facts 79
13.1.2 Business Description 79
13.1.3 Key Product/Services Offerings 80
13.1.4 Growth Strategy 80
13.1.5 SWOT Analysis 81
13.1.6 Key Financials 81
13.1.6.1 Revenue Split 82
13.1.7 Recent developments 83
13.2 Robert Bosch GmbH 84
13.2.1 Key Facts 84
13.2.2 Business Description 84
13.2.3 Key Product/Services Offerings 85
13.2.4 Growth Strategy 85
13.2.5 SWOT Analysis 86
13.2.6 Key Financials 86
13.2.6.1 Revenue Split 87
13.2.7 Recent developments 88
13.3 Denso Corporation 89
13.3.1 Key Facts 89
13.3.2 Business Description 89
13.3.3 Key Product/Services Offerings 89
13.3.4 Growth Strategy 90
13.3.5 SWOT Analysis 91
13.3.6 Key Financials 91
13.3.6.1 Revenue Split 92
13.3.7 Recent developments 93
13.4 Delphi Automotive Plc 94
13.4.1 Key Facts 94
13.4.2 Business Description 94
13.4.3 Key Product/Services Offerings 95
13.4.4 Growth Strategy 95
13.4.5 SWOT Analysis 96
13.4.6 Key Financials 96
13.4.6.1 Revenue Split 98
13.4.7 Recent developments 98
13.5 Infineon Technologies AG 100
13.5.1 Key Facts 100
13.5.2 Business Description 100
13.5.3 Key Product/Services Offerings 101
13.5.4 Growth Strategy 102
13.5.5 SWOT Analysis 102
13.5.6 Key Financials 103
13.5.6.1 Revenue Split 104
13.5.7 Recent developments 104
13.6 NXP Semiconductors NV 105
13.6.1 Key Facts 105
13.6.2 Business Description 105
13.6.3 Key Product/Services Offerings 106
13.6.4 Growth Strategy 107
13.6.5 SWOT Analysis 107
13.6.6 Key Financials 108
13.6.6.1 Revenue Split 109
13.6.7 Recent developments 109
13.7 Valeo SA 110
13.7.1 Key Facts 110
13.7.2 Business Description 110
13.7.3 Key Product/Services Offerings 111
13.7.4 Growth Strategy 111
13.7.5 SWOT Analysis 112
13.7.6 Key Financials 112
13.7.6.1 Revenue Split 113
13.7.7 Recent developments 114
13.8 Analog Devices Inc. 115
13.8.1 Key Facts 115
13.8.2 Business Description 115
13.8.3 Key Product/Services Offerings 116
13.8.4 Growth Strategy 116
13.8.5 SWOT Analysis 117
13.8.6 Key Financials 117
13.8.6.1 Revenue Split 118
13.8.7 Recent developments 119
13.9 Hella KGaA Hueck and Co 120
13.9.1 Key Facts 120
13.9.2 Business Description 120
13.9.1 Key Product/Services Offerings 121
13.9.2 Growth Strategy 121
13.9.3 SWOT Analysis 122
13.9.4 Key Financials 122
13.9.4.1 Revenue Split 123
13.9.5 Recent developments 124
13.10 Texas Instruments Inc. 125
13.10.1 Key Facts 125
13.10.2 Business Description 125
13.10.3 Key Product/Services Offerings 126
13.10.4 Growth Strategy 126
13.10.5 SWOT Analysis 127
13.10.6 Key Financials 127
13.10.6.1 Revenue Split 128
13.10.7 Recent developments 129
List of Figure
FIG. 1 Asia-Pacific Automotive Radar Market Size, 2014-24 (USD Mn) 21
FIG. 2 Asia-Pacific Automotive Radar Market Share, by Radar range, 2017 & 2024 (%) 31
FIG. 3 Asia-Pacific Automotive Radar Market Size, by Radar range, 2017-24 (USD Mn) 31
FIG. 4 Asia-Pacific S&MRR Radar Range Segment Market Size, by Country, 2017-24 (USD Mn) 33
FIG. 5 Asia-Pacific LRR Radar Range Segment Market Size, by Country, 2017-24 (USD Mn) 34
FIG. 6 Asia-Pacific Automotive Radar Market Share, by Application, 2017 & 2024 (%) 35
FIG. 7 Asia-Pacific Automotive Radar Market Size, by Application, 2017-24 (USD Mn) 35
FIG. 8 Asia-Pacific Adaptive Cruise Control Market Size, by Country, 2017-24 (USD Mn) 37
FIG. 9 Asia-Pacific Autonomous Braking System Market Size, by Country, 2017-24 (USD Mn) 38
FIG. 10 Asia-Pacific Intelligent Parking Systems Market Size, by Country, 2017-24 (USD Mn) 39
FIG. 11 Asia-Pacific Blind Spot Detection Market Size, by Country, 2017-24 (USD Mn) 40
FIG. 12 Asia-Pacific Collision Mitigation System Market Size, by Country, 2017-24 (USD Mn) 41
FIG. 13 Asia-Pacific Other Applications Market Size, by Country, 2017-24 (USD Mn) 43
FIG. 14 Asia-Pacific Global Automotive Radar Market Share, by Frequency Band, 2017 & 2024 (%) 44
FIG. 15 Asia-Pacific Global Automotive Radar Market Size, by Frequency Band, 2017-24 (USD Mn) 44
FIG. 16 Asia-Pacific 2X-GHz Frequency Band Market Size, by Country, 2017-24 (USD Mn) 45
FIG. 17 Asia-Pacific 7X-GHz Frequency Band Market Size, by Country, 2017-24 (USD Mn) 47
FIG. 18 Asia-Pacific Automotive Radar Market Share, by Vehicle Type, 2017 & 2024 (%) 48
FIG. 19 Asia-Pacific Automotive Radar Market Size, by Vehicle Type, 2017-24 (USD Mn) 48
FIG. 20 Passenger Car Sales in Asia-Pacific, by Country 50
FIG. 21 Asia-Pacific Passenger Vehicle Radar Market Size, by Country, 2017-24 (USD Mn) 50
FIG. 22 Asia-Pacific Luxury Vehicle Radar Market Size, by Country, 2017-24 (USD Mn) 51
FIG. 23 Asia-Pacific Luxury Vehicle Radar Market Size, by Country, 2017-24 (USD Mn) 52
FIG. 24 Asia-Pacific Commercial Vehicle Radar Market Size, by Country, 2017-24 (USD Mn) 53
FIG. 25 Asia-Pacific Automotive Radar Market Share, by Country, 2017 & 2024 (%) 54
FIG. 26 Asia-Pacific Automotive Radar Market Size, by Country, 2017-24 (USD Mn) 55
FIG. 27 China Automotive Radar Market Size, by Radar range, 2017-24 (USD Mn) 56
FIG. 28 China Automotive Radar Market Size, by Application, 2017-24 (USD Mn) 57
FIG. 29 China Global Automotive Radar Market Size, by Frequency Band, 2017-24 (USD Mn) 57
FIG. 30 China Automotive Radar Market Size, by Vehicle Type, 2017-24 (USD Mn) 58
FIG. 31 Japan Automotive Radar Market Size, by Radar range, 2017-24 (USD Mn) 59
FIG. 32 Japan Automotive Radar Market Size, by Application, 2017-24 (USD Mn) 60
FIG. 33 Japan Global Automotive Radar Market Size, by Frequency Band, 2017-24 (USD Mn) 60
FIG. 34 Japan Automotive Radar Market Size, by Vehicle Type, 2017-24 (USD Mn) 61
FIG. 35 India Automotive Radar Market Size, by Radar range, 2017-24 (USD Mn) 62
FIG. 36 India Automotive Radar Market Size, by Application, 2017-24 (USD Mn) 62
FIG. 37 India Global Automotive Radar Market Size, by Frequency Band, 2017-24 (USD Mn) 63
FIG. 38 India Automotive Radar Market Size, by Vehicle Type, 2017-24 (USD Mn) 64
FIG. 39 Singapore Automotive Radar Market Size, by Radar range, 2017-24 (USD Mn) 65
FIG. 40 Singapore Automotive Radar Market Size, by Application, 2017-24 (USD Mn) 65
FIG. 41 Singapore Global Automotive Radar Market Size, by Frequency Band, 2017-24 (USD Mn) 66
FIG. 42 Singapore Automotive Radar Market Size, by Vehicle Type, 2017-24 (USD Mn) 67
FIG. 43 South Korea Automotive Radar Market Size, by Radar range, 2017-24 (USD Mn) 68
FIG. 44 South Korea Automotive Radar Market Size, by Application, 2017-24 (USD Mn) 68
FIG. 45 South Korea Global Automotive Radar Market Size, by Frequency Band, 2017-24 (USD Mn) 69
FIG. 46 South Korea Automotive Radar Market Size, by Vehicle Type, 2017-24 (USD Mn) 70
FIG. 47 Australia Automotive Radar Market Size, by Radar range, 2017-24 (USD Mn) 71
FIG. 48 Australia Automotive Radar Market Size, by Application, 2017-24 (USD Mn) 71
FIG. 49 Australia Global Automotive Radar Market Size, by Frequency Band, 2017-24 (USD Mn) 72
FIG. 50 Australia Automotive Radar Market Size, by Vehicle Type, 2017-24 (USD Mn) 73
FIG. 51 US Automotive Radar Market Size, by Radar range, 2017-24 (USD Mn) 74
FIG. 52 US Automotive Radar Market Size, by Application, 2017-24 (USD Mn) 74
FIG. 53 Rest of APAC Global Automotive Radar Market Size, by Frequency Band, 2017-24 (USD Mn) 75
FIG. 54 Rest of APAC Automotive Radar Market Size, by Vehicle Type, 2017-24 (USD Mn) 76
FIG. 55 Asia-Pacific Automotive Radar Market Share, by Company 2017 77
FIG. 56 Continental AG, SWOT Analysis 81
FIG. 57 Key Financials of Continental AG 81
FIG. 58 Continental AG Revenue Split, 2018 82
FIG. 59 Bosch, SWOT Analysis 86
FIG. 60 Key Financials of Robert Bosch 86
FIG. 61 Robert Bosch Revenue Split, 2018 87
FIG. 62 Denso Corporation, SWOT Analysis 91
FIG. 63 Key Financials of Denso Corporation 91
FIG. 64 Denso Corporation Revenue Split, 2018 92
FIG. 65 Delphi, SWOT Analysis 96
FIG. 66 Key Financials of Delphi 97
FIG. 67 Delphi Automotive, Revenue Split, 2015 98
FIG. 68 Infineon Technologies, SWOT Analysis 102
FIG. 69 Key Financials of Infineon 103
FIG. 70 Infineon Technologies, Revenue Split, 2018 104
FIG. 71 NXP, SWOT Analysis 107
FIG. 72 Key Financials of NXP 108
FIG. 73 NXP, Revenue Split, 2018 109
FIG. 74 Valeo, SWOT Analysis 112
FIG. 75 Key Financials of Valeo 112
FIG. 76 Valeo, Revenue Split, 2018 113
FIG. 77 Analog Devices, SWOT Analysis 117
FIG. 78 Key Financials of Analog Devices Inc. 117
FIG. 79 Analog Devices, Revenue Split, 2018 118
FIG. 80 Hella KGaA, SWOT Analysis 122
FIG. 81 Key Financials of Hella KGaA 122
FIG. 82 Hella KGaA Revenue Split, 2018 123
FIG. 83 Texas Instruments, SWOT Analysis 127
FIG. 84 Key Financials of Texas Instruments 127
FIG. 85 Texas Instruments Revenue Split, 2018 128
List of Table
TABLE 1 Asia-Pacific Passenger Car Production, by Country 2016 22
TABLE 2 Asia-Pacific New Vehicle Sales, by Country (in million units) 24
TABLE 3 Asia-Pacific Road Traffic Crashes & Mortality Rates in 2014 (death per 100,000 population) 25
TABLE 4 Luxury Car Brand Sales Worldwide & China (2017, Q1-Q3) 26
TABLE 5 Effect of localization on luxury Vehicles Prices 27
TABLE 6 Continental AG Key Facts 78
TABLE 7 Products segmentation of Continental AG 79
TABLE 8 Continental AG Growth Strategy 79
TABLE 9 Robert Bosch key facts 83
TABLE 10 Products segmentation of Robert Bosch 84
TABLE 11 Bosch Growth Strategy 84
TABLE 12 Denso Corporation Key Facts 88
TABLE 13 Products segmentation of Denso Corporation 88
TABLE 14 Denso Corporation Growth Strategy 89
TABLE 15 Delphi Automotive key facts 93
TABLE 16 Products Segmentation of Delphi Automotive 94
TABLE 17 Delphi Growth Strategy 94
TABLE 18 Infineon Technologies AG key facts 99
TABLE 19 Products segmentation of Infineon Technologies AG 100
TABLE 20 Infineon Technologies Growth Strategy 101
TABLE 21 NXP Semiconductors NV key facts 104
TABLE 22 Products segmentation of NXP Semiconductors NV 105
TABLE 23 NXP Growth Strategy 106
TABLE 24 Valeo SA key facts 109
TABLE 25 Products Segmentation of Valeo SA 110
TABLE 26 Valeo Growth Strategy 110
TABLE 27 Analog Devices Inc. Key Facts 114
TABLE 28 Products Segmentation of Analog Devices Inc. 115
TABLE 29 Analog Devices Growth Strategy 115
TABLE 30 Hella KGaA Hueck key facts 119
TABLE 31 Products segmentation of Hella KGaA Hueck 120
TABLE 32 Hella KGaA Growth Strategy 120
TABLE 33 Texas Instruments Key Facts 124
TABLE 34 Products segmentation of Texas Instruments 125
TABLE 35 Texas Instruments Growth Strategy 125
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