Market Overview:
The global automotive reversing radar market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to reach US$ 5,711.5 Mn by 2030, registering a CAGR of 10.9% from 2018 to 2030. The increasing demand for passenger vehicles and commercial vehicles across the globe is expected to drive the growth of the global automotive reversing radar market during the forecast period. The global automotive reversing radar market has been segmented on the basis of type into ultrasonic and electromagnetic technologies.
Product Definition:
The definition of automotive reversing radar is a system that uses radar to detect objects in the path of a reversing vehicle. The importance of automotive reversing radar is that it can help prevent accidents by providing the driver with information about what is behind them.
Ultrasonic:
Ultrasonic is the new term in the automotive industry for a radar system that uses high frequency sound waves to measure the distance of objects. The working principle of this system is similar to that of sonar, only instead of sound waves it uses ultrasonic waves. These ultrasonic systems are used in numerous applications such as parking and lane assist, adaptive cruise control, blind spot detection and collision avoidance among others.
Electromagnetic:
Electromagnetic is the energy that travels in waves and can be categorized as electric or magnetic. Electromagnetic radiation is used for automotive safety feature known as Reversing Radar which helps in avoiding other vehicles. It works on the principle of reciprocating waveform with a narrow beam width. The electromagnetic radiation emitted by a radar antenna is directed towards the target vehicle and reflects off its surface, enabling the driver to see obstacles well before they are near enough to cause a collision.
Application Insights:
The passenger vehicle segment accounted for the largest revenue share of over 70% in 2017. The need to reverse the vehicles on highways and city roads has led to an increased adoption of automotive rear-end collision avoidance systems, such as blind spot detection, lane departure warning system and forward collision warning system. These systems use a combination of cameras, radar and other sensors for providing alerts about vehicles coming from the opposite direction.
These safety features help avoid accidents by providing early warnings about possible crashes into the vehicle¢â‚¬â„¢s surroundings through sounds or visual displays that provide additional information about the relative speed of approaching vehicles. Moreover, these systems also assist drivers in avoiding potential accidents by automatically applying brakes if an emergency situation is detected where there is a risk of colliding with another vehicle or hitting another obstacle ahead. Such advanced safety features have contributed significantly to increasing consumer awareness regarding these systems which may result in higher demand over future years.
Regional Analysis:
North America accounted for the largest revenue share in 2017. The region is expected to maintain its lead over the forecast period owing to increasing road accidents and presence of prominent players in the region. For instance, as per NCBI, each year more than 1 million people die due to road traffic injuries and around 150 thousand people die due to crashes involving passenger cars alone. Thus, rising number of fatalities caused by road traffic injuries is one of the major factors propelling demand for automotive reversing radar systems in North America.
Asia Pacific market was valued at USD X million in 2017 and is anticipated to witness significant growth over the forecast period owing high incidence rate of fatal crashes involving vehicles with passengers or freight alike as per NCBI article titled ‘Global Road Safety’ published on April 11th 2018 which stated that every year 3 billion passengers ride on roads globally; however, each year about 0.3-0.4% travel takes place; i.,e.
Growth Factors:
- Increasing demand for advanced safety features in vehicles
- Growing awareness about the benefits of automotive reversing radar systems
- Proliferation of reverse parking sensors and cameras in the market
- Rising demand for luxury cars and SUVs equipped with advanced safety features
- Technological advancements in automotive reversing radar systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Reversing Radar Market Research Report
By Type
Ultrasonic, Electromagnetic
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Texas Instruments, DENSO, Bosch, NXP Semiconductors, Valeo, Black Cat Security, Nippon Audiotronix, Parking Dynamics, Proxel, Texas Instruments
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Reversing Radar Market Report Segments:
The global Automotive Reversing Radar market is segmented on the basis of:
Types
Ultrasonic, Electromagnetic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Texas Instruments
- DENSO
- Bosch
- NXP Semiconductors
- Valeo
- Black Cat Security
- Nippon Audiotronix
- Parking Dynamics
- Proxel
- Texas Instruments
Highlights of The Automotive Reversing Radar Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ultrasonic
- Electromagnetic
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Reversing Radar Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive reversing radar is a type of radar that helps drivers reverse their vehicles. It detects objects in front of the car and provides information about their size, distance, and direction. This information can help the driver to safely back up or turn around in a parking lot or other area where there are obstacles.
Some of the major players in the automotive reversing radar market are Texas Instruments, DENSO, Bosch, NXP Semiconductors, Valeo, Black Cat Security, Nippon Audiotronix, Parking Dynamics, Proxel, Texas Instruments.
The automotive reversing radar market is expected to grow at a compound annual growth rate of 10.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Reversing Radar Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Reversing Radar Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Reversing Radar Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Reversing Radar Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Reversing Radar Market Size & Forecast, 2020-2028
4.5.1 Automotive Reversing Radar Market Size and Y-o-Y Growth
4.5.2 Automotive Reversing Radar Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ultrasonic
5.2.2 Electromagnetic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Reversing Radar Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Reversing Radar Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ultrasonic
9.6.2 Electromagnetic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ultrasonic
10.6.2 Electromagnetic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ultrasonic
11.6.2 Electromagnetic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ultrasonic
12.6.2 Electromagnetic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ultrasonic
13.6.2 Electromagnetic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Reversing Radar Market: Competitive Dashboard
14.2 Global Automotive Reversing Radar Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Texas Instruments
14.3.2 DENSO
14.3.3 Bosch
14.3.4 NXP Semiconductors
14.3.5 Valeo
14.3.6 Black Cat Security
14.3.7 Nippon Audiotronix
14.3.8 Parking Dynamics
14.3.9 Proxel
14.3.10 Texas Instruments
