Global Commercial Vehicle & Off Highway Radar Market Overview
Radar system utilizes radio waves to determine the velocity, range, or angle of objects. Commercial vehicle & off-highway radar system determines the safety of driver, passengers as well as pedestrian. It is applicable for road monitoring, to detect objects, parking assistance and works as collision mitigation and warning system. Commercial vehicle & off-highway radar enhance accuracy to measure accurate distance between vehicles to avoid collision. The functions and features of commercial vehicle & off-highway radar system help to increase driving efficiency and ensure driver and occupant safety.
Global Commercial Vehicle & Off Highway Radar Market Dynamics
Rising trend towards autonomous driving
Growing trend towards autonomous driving in the commercial vehicle has been propelling the growth of the commercial vehicle & off-highway radar market. The key factor that boosts the application of radar in the commercial vehicle is the growth in safety awareness among the public and the government. As per IIHS (Insurance Institute for Highway Safety) in 2018, 4,136 people had lost their lives in the U.S. owing to large truck crashes. Such incidences are the major driver for radars for commercial vehicles. Though the influence of CONVID-19 the commercial vehicle segment will get affected for a while, owing to consumer preference of opting travel in personal vehicles and no public transport.
New product launches
New product launches are the key strategy undertaken by the prominent players in the commercial vehicle & off-highway radar market. Continental AG is a major player in the commercial vehicle & off-highway radar market. Enhanced cybersecurity, blockage detection, auto alignment is the key driving factor for Continental AG in the commercial vehicle & off-highway radar market. Additionally, higher range of 300m compared to other key players is the other key factor that adds growth in the commercial vehicle and off-highway radar market. In 2019, Continental introduced the launch of the 5th generation automotive radar. This new generation automotive radar is based on a scalable modular principle and has higher capacity.
However, limited sensing range, vulnerability, oversensitivity and external interference are some factors limiting growth of the target market to a certain extent presently.
Global Commercial Vehicle & Off Highway Radar Market Segmentation
Commercial vehicle & off-highway radar market is segmented based on frequency, component, application, and region.
On the basis of frequency, the commercial vehicle & off-highway radar market is segmented into 24-Ghz and 77-81 Ghz. Based on component, the target market is segmented into LRR, S&MRR, mono camera, and stereo camera. Based on application, the target market is segmented into adaptive cruise control (ACC), autonomous emergency braking (AEB), blind spot detection (BSD), forward collision warning system (FCWS), intelligent parking assistance (IPA), and others.
Regional Insights:
On region the commercial vehicle & off-highway radar market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region is expected to account for dominate market share owing to numerous vehicles equipped with ADAS features. Early adoption of technologies will be the key factor for the growth of the radar market for commercial vehicles in the region. The presence of key players like GM, FCA, Visteon Corporation, Velodyne Lidar, Inc., and Texas Instruments Incorporated has also attributed to the growth of the North American region in the radar market for commercial vehicles.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Frequency- 24-Ghz and 77-81 Ghz By Component- LRR, S&MRR, Mono Camera, and Stereo Camera By Application– Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Blind Spot Detection (BSD), Forward Collision Warning System (FCWS), Intelligent Parking Assistance (IPA), and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global Commercial Vehicle & Off-Highway Radar market report based on frequency, component, application, and region.
Commercial Vehicle & Off-Highway Radar Market, By Frequency:
- 24-Ghz
- 77-81 Ghz
Commercial Vehicle & Off-Highway Radar Market, By Component:
- LRR
- S&MRR
- Mono Camera
- Stereo Camera
Commercial Vehicle & Off-Highway Radar Market, By Application:
- Energy & Power
- Chemicals
- Metallurgical
- Electronics
Commercial Vehicle & Off-Highway Radar Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Commercial Vehicle & Off Highway Radar Market Key Players
The key players operating the commercial vehicle & off-highway radar market includes Robert Bosch GmbH, Continental AG, HELLA KGaA, NXP Semiconductors N.V., Denso Corporation, Delphi Automotive, Autoliv Inc., Valeo S.A., Technologies AG, and Baumer. New product launches are the key strategy undertaken by the prominent players in the commercial vehicle & off-highway radar market. For instance, in September 2019, a joint venture between Aptiv and Hyundai Motor Co, to launched autonomous vehicles for the commercialization of Level 4 and 5 self-driving technologies. This launch will boost the expansion of Aptiv capabilities in autonomous vehicles market in South Korea.
Global Commercial Vehicle & Off Highway Radar Market Company Profile
- Robert Bosch GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Continental AG
- HELLA KGaA
- NXP Semiconductors N.V.
- Denso Corporation
- Delphi Automotive
- Autoliv Inc.
- Valeo S.A.
- Technologies AG
- Baumer
“*” marked represents similar segmentation in other categories in the respective section
Global Commercial Vehicle & Off Highway Radar Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for Commercial Vehicle & Off-Highway Radar Strategies
- Key Questions this Study will Answer
- Market Snippet, By Frequency
- Market Snippet, By Component
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Frequency, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- 24-Ghz
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- 77-81 Ghz
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Component, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- LRR
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- S&MRR
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Mono Camera
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Stereo Camera
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Application, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Adaptive Cruise Control (ACC)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Autonomous Emergency Braking (AEB)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Blind Spot Detection (BSD)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Forward Collision Warning System (FCWS)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Intelligent Parking Assistance (IPA)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Market, By Region, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Frequency, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Component, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Frequency, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Component, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Frequency, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Component, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Frequency, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Component, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Frequency, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Component, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Robert Bosch GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Continental AG
- HELLA KGaA
- NXP Semiconductors N.V.
- Denso Corporation
- Delphi Automotive
- Autoliv Inc.
- Valeo S.A.
- Technologies AG
- Baumer
- Robert Bosch GmbH
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Commercial Vehicle & Off-Highway Radar Market is segmented into Frequency, Component, Application and Region.
Increasing focus on vehicle safety and collision avoidance, advancements in radar technology, regulatory mandates for vehicle safety systems, and the growing demand for autonomous features.
High costs of radar systems, potential reliability and maintenance challenges, integration complexities, and concerns about radar interference in certain environments.
North America, Europe, Asia-Pacific, Latin America. North America is expected to dominate due to a high adoption rate of advanced safety technologies in commercial vehicles. Europe and Asia-Pacific are also significant markets.
The key players operating the target market includes Robert Bosch GmbH, Continental AG, HELLA KGaA, NXP Semiconductors N.V., Denso Corporation, Delphi Automotive, Autoliv Inc., Valeo S.A., Technologies AG, and Baumer.