Market Overview:
The global commercial vehicle ACC radar market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for safety features in commercial vehicles and the growing awareness about the benefits of using ACC radar systems. The global commercial vehicle ACC radar market is segmented on the basis of type, application, and region. On the basis of type, it is divided into 76GHz, 77GHz, and 79GHz segments. The 76GHz segment is expected to hold a major share in terms of revenue in 2018 owing to its low cost and high performance characteristics as compared to other types of ACC radar systems available in the market.
Product Definition:
Commercial Vehicle ACC Radar is a type of radar system that is used in commercial vehicles. It helps to improve the safety of drivers and passengers by providing alerts when a vehicle in front of the commercial vehicle slows down or stops suddenly. The importance of Commercial Vehicle ACC Radar is that it can help to prevent accidents from happening.
76GHz:
76 GHz is a band used in the European market for collision avoidance systems (CAS) in vehicles. It helps to identify other vehicles and obstacles near the vehicle. The system uses short-range, high-powered radio waves to create an image of the area around the vehicle using reflected energy. This technology is currently used by many leading car manufacturers such as BMW, Audi, Mercedes Benz and Volvo among others for their Advanced Driver Assistance Systems (ADAS).
77GHz:
77 GHz is a band used in the European market for long-range radar systems. It's also known as the MIMO (Multiple Input & Multiple Output) band. The U.S., Japan, and some parts of Asia use this frequency range for their radar systems too.
Application Insights:
The light commercial vehicle segment dominated the global market in terms of revenue share in 2017. The growth can be attributed to the rising demand for trucks with lighter payloads and longer ranges. Furthermore, governments across the globe are focusing on improving road safety by reducing heavy losses due to accidents caused by lack of proper vision systems among other vehicles. This is expected to further propel product demand over the forecast period.
Heavy Commercial Vehicle (HCV) application segment accounted for a significant share in 2017 and is projected to grow at a CAGR exceeding 6% from 2018 to 2030 owingto increasing adoption of these vehicles across industries such as mining, construction, etc.
Regional Analysis:
Asia Pacific is estimated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing road accidents and rising number of fatalities caused due to them. According to WHO, in 2015 around 1.3 million people died due to road traffic injuries in China, which represents an increase of 12% compared with 2010.
The European region accounted for over 20% share of global revenue in 2017 owing to stringent regulations implemented by governments across various countries regarding driving safety devices on commercial vehicles.
In 2016 OICA member countries exported goods worth USD X billion through sea.
Growth Factors:
- Increasing demand for commercial vehicles
- Growing awareness about the benefits of ACC radar systems
- Technological advancements in ACC radar systems
- Rising demand for safety and security features in commercial vehicles
- Growing number of road accidents
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Vehicle ACC Radar Market Research Report
By Type
76GHz, 77GHz, 79GHz
By Application
Light Commercial Vehicle, Heavy Commercial Vehicle
By Companies
Bosch, Denso, Fujitsu, Continental, Aptiv, ZF, Valeo, Hella, Veoneer, Nidec Elesys, NXP Semiconductors, Ainstein, Smartmicro
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Vehicle ACC Radar Market Report Segments:
The global Commercial Vehicle ACC Radar market is segmented on the basis of:
Types
76GHz, 77GHz, 79GHz
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
Light Commercial Vehicle, Heavy 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:
- Bosch
- Denso
- Fujitsu
- Continental
- Aptiv
- ZF
- Valeo
- Hella
- Veoneer
- Nidec Elesys
- NXP Semiconductors
- Ainstein
- Smartmicro
Highlights of The Commercial Vehicle ACC 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:
- 76GHz
- 77GHz
- 79GHz
- By Application:
- Light Commercial Vehicle
- Heavy 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 Commercial Vehicle ACC 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.
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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?
Commercial Vehicle ACC Radar is a device that can be installed in commercial vehicles to help law enforcement officers track the vehicle's location.
Some of the major companies in the commercial vehicle acc radar market are Bosch, Denso, Fujitsu, Continental, Aptiv, ZF, Valeo, Hella, Veoneer, Nidec Elesys, NXP Semiconductors, Ainstein, Smartmicro.
The commercial vehicle acc radar market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Vehicle ACC 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 Commercial Vehicle ACC Radar Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Commercial Vehicle ACC 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 Commercial Vehicle ACC 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 Commercial Vehicle ACC Radar Market Size & Forecast, 2020-2028 4.5.1 Commercial Vehicle ACC Radar Market Size and Y-o-Y Growth 4.5.2 Commercial Vehicle ACC 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 76GHz
5.2.2 77GHz
5.2.3 79GHz
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 Light Commercial Vehicle
6.2.2 Heavy Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Vehicle ACC 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 Commercial Vehicle ACC 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 76GHz
9.6.2 77GHz
9.6.3 79GHz
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 Light Commercial Vehicle
9.10.2 Heavy 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 76GHz
10.6.2 77GHz
10.6.3 79GHz
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 Light Commercial Vehicle
10.10.2 Heavy 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 76GHz
11.6.2 77GHz
11.6.3 79GHz
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 Light Commercial Vehicle
11.10.2 Heavy 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 76GHz
12.6.2 77GHz
12.6.3 79GHz
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 Light Commercial Vehicle
12.10.2 Heavy 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 76GHz
13.6.2 77GHz
13.6.3 79GHz
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 Light Commercial Vehicle
13.10.2 Heavy 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 Commercial Vehicle ACC Radar Market: Competitive Dashboard
14.2 Global Commercial Vehicle ACC Radar Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Denso
14.3.3 Fujitsu
14.3.4 Continental
14.3.5 Aptiv
14.3.6 ZF
14.3.7 Valeo
14.3.8 Hella
14.3.9 Veoneer
14.3.10 Nidec Elesys
14.3.11 NXP Semiconductors
14.3.12 Ainstein
14.3.13 Smartmicro