MENA 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
151
About the Report
About the Report
Automotive industry of Middle East and North Africa (MEA) is a key industry sector. The rising population in these regions have increased the demand of automobiles on the road for transportation. In addition to this, high per capita income in some of the countries of the Middle East due to the presence of the world's largest deposits of oil and natural gas resources implies high buying capabilities of the consumers. Owing to which there is a high demand of vehicles equipped with advanced safety and luxury features. In addition to high per capita income and high demand of luxury vehicles, upgradation of sensor technology in the region is also propelling the automotive radar market. On the other side, high installation costs of the radar systems and cost sensitive economies in Africa are identified as the major restraints hampering the market growth. However, the increasing focus towards autonomous car in Middle East and energy North African market are expected to be the potential business opportunity areas in the region.
Automotive radar market of Middle East and North Africa is segmented based on the range of the radar that includes short and medium range 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. S&MRR segment dominated the market in 2017 with the market value of USD 150.07 million in 2017 and is expected to remain the highest 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 as estimated to hold the largest market value and is expected to continue its dominance over the forecast period. On the other hand, autonomous emergency braking application is anticipated to be the fastest growing application area 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 that include 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.It is estimated that between 2014 and 2020, 24 GHz segment held the largest market share however by 2021, the market value of 77 GHz radars are anticipated to exceed the market value of 24 GHz segment and will remain in the same position by the end of forecast period.
Middle East and North Africa's automotive radar market is also fragmented across different vehicle types that include passenger vehicles, luxury vehicles and commercial vehicles. Under this segment, passenger vehicles held the highest market value and the same is anticipated to follow during the forecast period as well. Adding to this, the increase in demand of luxury vehicles due to high per capita income in Middle East is expected to bolster the market of luxury vehicles segment making it to grow with the highest CAGR of 29.5% during the forecast period.
For an in-depth analysis of the Middle East and Africa automotive radar market, the country level analysis is also incorporated in the study. The segment includes the major countries such as the UAE, Saudi Arabia, Algeria, Kuwait, Egypt, Qatar, and Rest of Middle East and North Africa. Saudi Arabia dominated the market in 2017 and was valued at USD 48.67 million, followed by the UAE and Egypt. During the forecast period Kuwait is expected to be the fastest growing economy with a CAGR of 32.5%. The growth of Kuwait is majorly influenced by the significant technological advancement and increased demand for ADAS equipped vehicle by end consumers within the country.
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 12
1.2 Objective of the Study 12
1.3 Limitation 12
1.4 Stakeholders 12
1.5 Currency used in the Report 13
2. RESEARCH METHODOLOGY OR ASSUMPTION 14
2.1 Secondary Data 14
2.1.1 Key Secondary Sources 14
2.2 Primary Data 14
2.2.1 Sampling Techniques & Data Collection Methods 14
2.2.2 Primary Participants 14
3. REGULATORY FRAMEWORK 15
3.1 General Overview 15
3.1.1 United Arab Emirates Regulation for Automotive Radar 15
3.1.2 Saudi Arabia Regulation for Automotive Radar 15
4. INDUSTRY PERFORMANCE 16
5. EXECUTIVE SUMMARY 18
6. MARKET OVERVIEW 20
6.1 Introduction 20
6.2 Market Dynamics 21
6.2.1 Market Drivers 21
6.2.1.1 High Per Capita Income 21
6.2.1.2 Ease of Auto Financing & High Sale of luxury Cars per capita 22
6.2.1.3 Amelioration of Sensor Technology 22
6.2.2 Market Restraints 23
6.2.2.1 High Vehicle cost due to Government Regulation 23
6.2.2.2 Slowdown in the Economy 23
6.2.3 Opportunities in the Market 23
6.2.3.1 Evolution of Autonomous & Electric Vehicles 23
6.2.3.2 North Africa, an Emerging Market 24
6.2.3.2.1 GDP growth of North African Country (%) 24
6.3 Key Market Indicators (Demand & Supply scenario) 25
6.3.1 Demand and Supply Side Analysis 25
7. MARKET INSIGHTS, BY RADAR RANGE 27
7.1 General Overview 27
7.1.1 Short Range Radar & Mid-Range Radar (S&MRR) 28
7.1.2 Long Range Radar (LRR) 29
8. MARKET INSIGHTS, BY APPLICATION 30
8.1 General Overview 30
8.1.1 Adaptive Cruise Control 31
8.1.2 Autonomous Emergency Braking 32
8.1.3 Intelligent Parking Systems 33
8.1.4 Blind Spot Detection 34
8.1.5 Collision Mitigation System 35
8.1.6 Other Applications 36
9. MARKET INSIGHTS, BY FREQUENCY BAND 38
9.1 General Overview 38
9.1.1 2X-GHz 39
9.1.2 7X-GHz 40
10. MARKET INSIGHTS, BY VEHICLE TYPE 41
10.1 General Overview 41
10.1.1 Passenger Vehicle 42
10.1.2 Luxury Vehicles 43
10.1.3 Commercial Vehicles 44
11. MARKET INSIGHTS, BY COUNTRY 46
11.1 General Overview 46
11.1.1 United Arab Emirate Automotive Radar Market 47
11.1.1.1 UAE Automotive Radar Market, by Radar Range 48
11.1.1.2 UAE Automotive Radar Market, by Application 48
11.1.1.3 UAE Automotive Radar Market, by Frequency Band 49
11.1.1.4 UAE Automotive Radar Market, by Vehicle Type 50
11.1.2 Saudi Arabia Automotive Radar Market 50
11.1.2.1 Saudi Arabia Automotive Radar Market, by Radar Range 51
11.1.2.2 Saudi Arabia Automotive Radar Market, by Application 51
11.1.2.3 Saudi Arabia Automotive Radar Market, by Frequency Band 52
11.1.2.4 Saudi Arabia Automotive Radar Market, by Vehicle Type 53
11.1.3 Algeria Automotive Radar Market 53
11.1.3.1 Algeria Automotive Radar Market, by Radar Range 54
11.1.3.2 Algeria Automotive Radar Market, by Application 54
11.1.3.3 Algeria Automotive Radar Market, by Frequency Band 55
11.1.3.4 Algeria Automotive Radar Market, by Vehicle Type 56
11.1.4 Kuwait Automotive Radar Market 56
11.1.4.1 Kuwait Automotive Radar Market, by Radar Range 57
11.1.4.2 Kuwait Automotive Radar Market, by Application 57
11.1.4.3 Kuwait Automotive Radar Market, by Frequency Band 58
11.1.4.4 Kuwait Automotive Radar Market, by Vehicle Type 59
11.1.5 Egypt Automotive Radar Market 59
11.1.5.1 Egypt Automotive Radar Market, by Radar Range 60
11.1.5.2 Egypt Automotive Radar Market, by Application 60
11.1.5.3 Egypt Automotive Radar Market, by Frequency Band 61
11.1.5.4 Egypt Automotive Radar Market, by Vehicle Type 62
11.1.6 Qatar Automotive Radar Market 62
11.1.6.1 Qatar Automotive Radar Market, by Radar Range 63
11.1.6.2 Qatar Automotive Radar Market, by Application 63
11.1.6.3 Qatar Automotive Radar Market, by Frequency Band 64
11.1.6.4 Qatar Automotive Radar Market, by Vehicle Type 65
11.1.7 Rest of MENA Automotive Radar Market 65
11.1.7.1 Rest of MENA Automotive Radar Market, by Radar Range 65
11.1.7.2 Rest of MENA Automotive Radar Market, by Application 66
11.1.7.3 Rest of MENA Automotive Radar Market, by Frequency Band 67
11.1.7.4 Rest of MENA Automotive Radar Market, by Vehicle Type 67
12. COMPETITIVE SCENARIO 68
12.1 MENA Automotive Radar Market Share Analysis, 2017 68
13. COMPANY PROFILES 70
13.1 Continental AG 70
13.1.1 Key Facts 70
13.1.2 Business Description 70
13.1.3 Key Product/Services Offerings 71
13.1.4 Growth Strategy 71
13.1.5 SWOT Analysis 72
13.1.6 Key Financials 72
13.1.6.1 Revenue Split 74
13.1.7 Recent developments 74
13.2 Robert Bosch GmbH 76
13.2.1 Key Facts 76
13.2.2 Business Description 76
13.2.3 Key Product/Services Offerings 77
13.2.4 Growth Strategy 77
13.2.5 SWOT Analysis 78
13.2.6 Key Financials 78
13.2.6.1 Revenue Split 79
13.2.7 Recent developments 80
13.3 Denso Corporation 81
13.3.1 Key Facts 81
13.3.2 Business Description 81
13.3.3 Key Product/Services Offerings 81
13.3.4 Growth Strategy 82
13.3.5 SWOT Analysis 83
13.3.6 Key Financials 83
13.3.6.1 Revenue Split 85
13.3.7 Recent developments 85
13.4 Delphi Automotive Plc 86
13.4.1 Key Facts 86
13.4.2 Business Description 86
13.4.3 Key Product/Services Offerings 87
13.4.4 Growth Strategy 87
13.4.5 SWOT Analysis 88
13.4.6 Key Financials 88
13.4.6.1 Revenue Split 90
13.4.7 Recent developments 90
13.5 Infineon Technologies AG 92
13.5.1 Key Facts 92
13.5.2 Business Description 92
13.5.3 Key Product/Services Offerings 93
13.5.4 Growth Strategy 94
13.5.5 SWOT Analysis 95
13.5.6 Key Financials 95
13.5.6.1 Revenue Split 97
13.5.7 Recent developments 97
13.6 NXP Semiconductors NV 98
13.6.1 Key Facts 98
13.6.2 Business Description 98
13.6.3 Key Product/Services Offerings 99
13.6.4 Growth Strategy 100
13.6.5 SWOT Analysis 100
13.6.6 Key Financials 101
13.6.6.1 Revenue Split 102
13.6.7 Recent developments 102
13.7 Valeo SA 103
13.7.1 Key Facts 103
13.7.2 Business Description 103
13.7.3 Key Product/Services Offerings 104
13.7.4 Growth Strategy 104
13.7.5 SWOT Analysis 105
13.7.6 Key Financials 105
13.7.6.1 Revenue Split 106
13.7.7 Recent developments 107
13.8 Analog Devices Inc. 108
13.8.1 Key Facts 108
13.8.2 Business Description 108
13.8.3 Key Product/Services Offerings 109
13.8.4 Growth Strategy 109
13.8.5 SWOT Analysis 110
13.8.6 Key Financials 110
13.8.6.1 Revenue Split 112
13.8.7 Recent developments 112
13.9 Hella KGaA Hueck and Co 112
13.9.1 Key Facts 112
13.9.2 Business Description 113
13.9.1 Key Product/Services Offerings 113
13.9.2 Growth Strategy 114
13.9.3 SWOT Analysis 115
13.9.4 Key Financials 115
13.9.4.1 Revenue Split 117
13.9.5 Recent developments 117
13.10 Texas Instruments Inc. 118
13.10.1 Key Facts 118
13.10.2 Business Description 118
13.10.3 Key Product/Services Offerings 119
13.10.4 Growth Strategy 119
13.10.5 SWOT Analysis 120
13.10.6 Key Financials 120
13.10.6.1 Revenue Split 122
13.10.7 Recent developments 122
List of Figure
FIG. 1 MENA Automotive Radar Market Size, 2014-24 (USD Mn) 19
FIG. 2 GDP growth of North African Country (%), at market prices (2010 USD ) 24
FIG. 3 MENA Automotive Radar Market Share, by Radar range, 2017 & 2024 (%) 27
FIG. 4 MENA Automotive Radar Market Size, by Radar range, 2017-24 (USD Mn) 27
FIG. 5 MENA S&MRR Radar Range Segment Market Size, by Country, 2017-24 (USD Mn) 28
FIG. 6 MENA LRR Radar Range Segment Market Size, by Country, 2017-24 (USD Mn) 29
FIG. 7 MENA Automotive Radar Market Share, by Application, 2017 & 2024 (%) 30
FIG. 8 MENA Automotive Radar Market Size, by Application, 2017-24 (USD Mn) 30
FIG. 9 MENA Adaptive Cruise Control Market Size, by Country, 2017-24 (USD Mn) 31
FIG. 10 MENA Autonomous Braking System Market Size, by Country, 2017-24 (USD Mn) 32
FIG. 11 MENA Intelligent Parking Systems Market Size, by Country, 2017-24 (USD Mn) 33
FIG. 12 MENA Blind Spot Detection Market Size, by Country, 2017-24 (USD Mn) 34
FIG. 13 MENA Collision Mitigation System Market Size, by Country, 2017-24 (USD Mn) 35
FIG. 14 MENA Other Applications Market Size, by Country, 2017-24 (USD Mn) 37
FIG. 15 MENA Automotive Radar Market Share, by Frequency Band, 2017 & 2024 (%) 38
FIG. 16 MENA Automotive Radar Market Size, by Frequency Band, 2017-24 (USD Mn) 38
FIG. 17 MENA 2X-GHz Frequency Band Market Size, by Country, 2017-24 (USD Mn) 39
FIG. 18 MENA 7X-GHz Frequency Band Market Size, by Country, 2017-24 (USD Mn) 40
FIG. 19 MENA Automotive Radar Market Share, by Vehicle Type, 2017 & 2024 (%) 41
FIG. 20 MENA Automotive Radar Market Size, by Vehicle Type, 2017-24 (USD Mn) 41
FIG. 21 Passenger Car Sales in MENA Region, by Country, 42
FIG. 22 MENA Passenger Vehicle Radar Market Size, by Country, 2017-24 (USD Mn) 43
FIG. 23 MENA Luxury Vehicle Radar Market Size, by Country, 2017-24 (USD Mn) 44
FIG. 24 MENA Commercial Vehicle Radar Market Size, by Country, 2017-24 (USD Mn) 45
FIG. 25 MENA Automotive Radar Market Share, by Country, 2017 & 2024 (%) 46
FIG. 26 MENA Automotive Radar Market Size, by Country, 2017-24 (USD Mn) 46
FIG. 27 UAE Automotive Radar Market Size, by Radar range, 2017-24 (USD Mn) 48
FIG. 28 UAE Automotive Radar Market Size, by Application, 2017-24 (USD Mn) 48
FIG. 29 UAE Global Automotive Radar Market Size, by Frequency Band, 2017-24 (USD Mn) 49
FIG. 30 UAE Automotive Radar Market Size, by Vehicle Type, 2017-24 (USD Mn) 50
FIG. 31 Saudi Arabia Automotive Radar Market Size, by Radar range, 2017-24 (USD Mn) 51
FIG. 32 Saudi Arabia Automotive Radar Market Size, by Application, 2017-24 (USD Mn) 51
FIG. 33 Saudi Arabia Global Automotive Radar Market Size, by Frequency Band, 2017-24 (USD Mn) 52
FIG. 34 Saudi Arabia Automotive Radar Market Size, by Vehicle Type, 2017-24 (USD Mn) 53
FIG. 35 Algeria Automotive Radar Market Size, by Radar range, 2017-24 (USD Mn) 54
FIG. 36 Algeria Automotive Radar Market Size, by Application, 2017-24 (USD Mn) 54
FIG. 37 Algeria Global Automotive Radar Market Size, by Frequency Band, 2017-24 (USD Mn) 55
FIG. 38 Algeria Automotive Radar Market Size, by Vehicle Type, 2017-24 (USD Mn) 56
FIG. 39 Kuwait Automotive Radar Market Size, by Radar range, 2017-24 (USD Mn) 57
FIG. 40 Kuwait Automotive Radar Market Size, by Application, 2017-24 (USD Mn) 57
FIG. 41 Kuwait Global Automotive Radar Market Size, by Frequency Band, 2017-24 (USD Mn) 58
FIG. 42 Kuwait Automotive Radar Market Size, by Vehicle Type, 2017-24 (USD Mn) 59
FIG. 43 Egypt Automotive Radar Market Size, by Radar range, 2017-24 (USD Mn) 60
FIG. 44 Egypt Automotive Radar Market Size, by Application, 2017-24 (USD Mn) 60
FIG. 45 Egypt Global Automotive Radar Market Size, by Frequency Band, 2017-24 (USD Mn) 61
FIG. 46 Egypt Automotive Radar Market Size, by Vehicle Type, 2017-24 (USD Mn) 62
FIG. 47 Qatar Automotive Radar Market Size, by Radar range, 2017-24 (USD Mn) 63
FIG. 48 Qatar Automotive Radar Market Size, by Application, 2017-24 (USD Mn) 63
FIG. 49 Qatar Global Automotive Radar Market Size, by Frequency Band, 2017-24 (USD Mn) 64
FIG. 50 Qatar Automotive Radar Market Size, by Vehicle Type, 2017-24 (USD Mn) 65
FIG. 51 Rest of MENA Automotive Radar Market Size, by Radar range, 2017-24 (USD Mn) 65
FIG. 52 Rest of MENA Automotive Radar Market Size, by Application, 2017-24 (USD Mn) 66
FIG. 53 Rest of MENA Global Automotive Radar Market Size, by Frequency Band, 2017-24 (USD Mn) 67
FIG. 54 Rest of MENA Automotive Radar Market Size, by Vehicle Type, 2017-24 (USD Mn) 67
FIG. 55 MENA Automotive Radar Market Share, by Company 2017 68
FIG. 56 Continental AG, SWOT Analysis 72
FIG. 57 Key Financials of Continental AG 73
FIG. 58 Continental AG Revenue Split, 2018 74
FIG. 59 Bosch, SWOT Analysis 78
FIG. 60 Key Financials of Robert Bosch 78
FIG. 61 Robert Bosch Revenue Split, 2018 79
FIG. 62 Denso Corporation, SWOT Analysis 83
FIG. 63 Key Financials of Denso Corporation 84
FIG. 64 Denso Corporation Revenue Split, 2018 85
FIG. 65 Delphi, SWOT Analysis 88
FIG. 66 Key Financials of Delphi 89
FIG. 67 Delphi Automotive, Revenue Split, 2017 90
FIG. 68 Infineon Technologies, SWOT Analysis 95
FIG. 69 Key Financials of Infineon 96
FIG. 70 Infineon Technologies, Revenue Split, 2017 97
FIG. 71 NXP, SWOT Analysis 100
FIG. 72 Key Financials of NXP 101
FIG. 73 NXP, Revenue Split, 2018 102
FIG. 74 Valeo, SWOT Analysis 105
FIG. 75 Key Financials of Valeo 106
FIG. 76 Valeo, Revenue Split, 2016 107
FIG. 77 Analog Devices, SWOT Analysis 110
FIG. 78 Key Financials of Analog Devices Inc. 111
FIG. 79 Analog Devices, Revenue Split, 2018 112
FIG. 80 Hella KGaA, SWOT Analysis 115
FIG. 81 Key Financials of Hella KGaA 116
FIG. 82 Hella KGaA Revenue Split, 2018 117
FIG. 83 Texas Instruments, SWOT Analysis 120
FIG. 84 Key Financials of Texas Instruments 121
FIG. 85 Texas Instruments Revenue Split, 2018 122
List of Table
TABLE 1 Top GDP Per Capita Income Country in the Middle East Region (2016) 21
TABLE 2 Continental AG Key Facts 70
TABLE 3 Products segmentation of Continental AG 71
TABLE 4 Continental AG Growth Strategy 71
TABLE 5 Robert Bosch key facts 76
TABLE 6 Products segmentation of Robert Bosch 77
TABLE 7 Bosch Growth Strategy 77
TABLE 8 Denso Corporation Key Facts 81
TABLE 9 Products segmentation of Denso Corporation 81
TABLE 10 Denso Corporation Growth Strategy 82
TABLE 11 Delphi Automotive key facts 86
TABLE 12 Products Segmentation of Delphi Automotive 87
TABLE 13 Delphi Growth Strategy 87
TABLE 14 Infineon Technologies AG key facts 92
TABLE 15 Products segmentation of Infineon Technologies AG 93
TABLE 16 Infineon Technologies Growth Strategy 94
TABLE 17 NXP Semiconductors NV key facts 98
TABLE 18 Products segmentation of NXP Semiconductors NV 99
TABLE 19 NXP Growth Strategy 100
TABLE 20 Valeo SA key facts 103
TABLE 21 Products Segmentation of Valeo SA 104
TABLE 22 Valeo Growth Strategy 104
TABLE 23 Analog Devices Inc. Key Facts 108
TABLE 24 Products Segmentation of Analog Devices Inc. 109
TABLE 25 Analog Devices Growth Strategy 109
TABLE 26 Hella KGaA Hueck key facts 112
TABLE 27 Products segmentation of Hella KGaA Hueck 113
TABLE 28 Hella KGaA Growth Strategy 114
TABLE 29 Texas Instruments Key Facts 118
TABLE 30 Products segmentation of Texas Instruments 119
TABLE 31 Texas Instruments Growth Strategy 119
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