Download Sample, Deployment of Radar Technology in Automobiles is Providing Traction to the Market Expansion
The automobile sector is rapidly undergoing development with the adoption of advanced technology causing significant changes. From electric automobiles to self-driving cars, the sector is advancing in terms of innovation and development. However, with these developments, emerging new challenges such as the need for improved safety measures, greater efficiency, and improved performance must be addressed. In addition to this, the growing popularity of radar in the automobile industry is anticipated to benefit the market. Radar technology, which is utilized in semi-autonomous and driverless vehicles, allows for easier lane changes, cruise control, and increased safety and navigation functions. Rising demand for improved driver assistance systems in commercial and passenger cars is anticipated to further propel the market.
As a result, several manufacturers are focusing their efforts on research and development to create products in order to achieve customer satisfaction. For instance, in January 2022, Texas Instruments (TI) announced an extension of its automotive products that can help manufacturers enhance the way advanced driver assistance systems (ADAS) identify objects in an attempt to boost autonomous driving and vehicle safety. The new AWR2944 radar sensor from Texas Instruments complements the company's comprehensive range of analog and embedded processing products and technology, providing automotive engineers with additional tools to fuel vehicle innovation. The improved capacity to identify things rapidly, monitor blind areas, and navigate bends and curves effectively allows manufacturers to accomplish their vision of a collision-free future.
As a result, several manufacturers are focusing their efforts on research and development to create products in order to achieve customer satisfaction. For instance, in January 2022, Texas Instruments (TI) announced an extension of its automotive products that can help manufacturers enhance the way advanced driver assistance systems (ADAS) identify objects in an attempt to boost autonomous driving and vehicle safety. The new AWR2944 radar sensor from Texas Instruments complements the company's comprehensive range of analog and embedded processing products and technology, providing automotive engineers with additional tools to fuel vehicle innovation. The improved capacity to identify things rapidly, monitor blind areas, and navigate bends and curves effectively allows manufacturers to accomplish their vision of a collision-free future.
Rising Safety Concerns, Increasing Defence Budgets & Adoption in Aviation Sector are Driving the Expansion of the Radar Market
Radar was originally designed for defence operations, however, with new technologies and inventions, radar is now utilised in astronomy, anti-missile defence systems, maritime, aircraft anti-air-defence systems, collision systems, air traffic control, and meteorological monitoring. The increasing demand for the deployment of radar technology in various passenger and commercial vehicles is a significant element driving the global radar market expansion. Furthermore, increased demand for high-end passenger vehicles, rising concerns about vehicle and driver safety, and the adoption of safety rules all contribute to the development of the global radar market.
Additionally, increased investments in the military and defence industries are boosting product development in the market for optimal security and surveillance. Also, radar deployment in aircraft is essential in the aviation industry as it identifies obstacles, anticipates weather information, and offers altitude information to assist pilots in making important decisions. Ongoing developments in radar technology will continue to push sales in the aviation industry, thereby increasing market growth.
Additionally, increased investments in the military and defence industries are boosting product development in the market for optimal security and surveillance. Also, radar deployment in aircraft is essential in the aviation industry as it identifies obstacles, anticipates weather information, and offers altitude information to assist pilots in making important decisions. Ongoing developments in radar technology will continue to push sales in the aviation industry, thereby increasing market growth.
Recent Trends in the Radar Industry
- Increased demand for automotive radar systems for advanced driver assistance.
- Development of compact and lightweight radar systems for portable applications.
- Integration of radar with artificial intelligence for enhanced target detection.
- Rising use of radar in unmanned aerial vehicles (UAVs) for various purposes.
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Novel Product Launches and Collaborations Present Lucrative Growth Potential for the Market Development
Major industry players are focusing their efforts on R&D in order to manufacture unique products that fulfill customer requirements. They are also employing various market strategies such as product launches, mergers, collaborations, and acquisitions to strengthen their position in the radar industry. For example, in March 2020, Northrop Grumman Corporation introduced a high mobility multipurpose wheeled vehicle (HAMMR), which is a short- to medium-range X-band three-dimensional (3D) radar that uses the proven active electronically scanned array (AESA) AN/APG-83 F-16 fighter radar in a ground-based sense on-the-move role. Furthermore, Thales introduced an airborne surveillance radar named AirMaster C in October 2020, that can be used for target identification by fixed-wing aircraft, helicopters, and unmanned aerial vehicles (UAVs). The novel radar system comprises of an ultra-compact, programmable SiGe (silicon-germanium) 2D active antenna.
Moreover, in January 2023, Mobileye established a collaboration with Wistron NeWeb Corp. (WNC) to manufacture software-defined imaging radars. This agreement had been anticipated to allow Mobileye and WNC to begin producing automotive-grade imaging radars with key automaker clients showing strong initial interest in the technology. Also, in March 2022, Uhnder, the industry leader in digital imaging radar technology for automotive and next-generation mobility applications introduced the first fully automotive-qualified, 4D digital imaging radar-on-chip that will transform our roadways, enabling next-generation ADAS (advanced driver assistance systems), autonomous vehicles (AVs), and automated mobility applications.
Moreover, in January 2023, Mobileye established a collaboration with Wistron NeWeb Corp. (WNC) to manufacture software-defined imaging radars. This agreement had been anticipated to allow Mobileye and WNC to begin producing automotive-grade imaging radars with key automaker clients showing strong initial interest in the technology. Also, in March 2022, Uhnder, the industry leader in digital imaging radar technology for automotive and next-generation mobility applications introduced the first fully automotive-qualified, 4D digital imaging radar-on-chip that will transform our roadways, enabling next-generation ADAS (advanced driver assistance systems), autonomous vehicles (AVs), and automated mobility applications.
High Costs and Stringent Government Regulations Pose Threat to the Market Expansion
Governments across the world are exceedingly cautious when it comes to approving the transfer of defense equipment and technology, including radar. Defense equipment manufacturers must adhere to numerous laws and regulations pertinent to the selling of products and services established by the respective governments. Noncompliance with them can result in serious repercussions, such as fines and penalties, contract termination, and civil or criminal inquiry. Apart from this, radar systems also have to deal with adverse climatic conditions like humidity, temperature, and wind which are anticipated to affect the functioning of the radar systems. Additionally, high costs associated with the radar systems, complex designs, and the need for frequent maintenance are all factors that are anticipated to hamper the market expansion.
BAE Systems, Lockheed Martin Corporation, Northrop Grumman Corporation, Saab AB, Thales Group, General Dynamics Corporation, Harris Corporation, SRC Inc., Honeywell International Inc., Leonardo S.p.A, Rockwell Collins Inc. are some of the prominent market players operating in the global radar market.
BAE Systems, Lockheed Martin Corporation, Northrop Grumman Corporation, Saab AB, Thales Group, General Dynamics Corporation, Harris Corporation, SRC Inc., Honeywell International Inc., Leonardo S.p.A, Rockwell Collins Inc. are some of the prominent market players operating in the global radar market.
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Rising Adoption of Radar Technology Owing to Growing Maritime Trade and Increasing Government Support is Impacting the Market Development
Asia Pacific is anticipated to hold a significant share of the radar market during the forecast period. The existence of various SMEs, industrial bases, rising radar technology adoption, and growing maritime trade are expected to favor the development of radar systems in the region. The availability of finance and investments is likely to contribute even more to regional market growth. Research and development in the field of defense are also propelling the market growth for radars in the region. Additionally, radar systems are also anticipated to gain traction in the North American region. The privatisation of the space exploration business in the countries like United States is anticipated to boost market sales in the forecast period. Private organizations have also received government subsidies and assistance in the past few years to conduct commercial space missions, leading to increased deployment of space-borne radar systems. This factor is expected to propel the radar market in the region.
The report provides a detailed overview of the radar market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for the radar market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the radar market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which are anticipated to have a substantial impact on the growth of the radar market. Some key countries and regions included in the radar market report are as follows:
| North America | United States, Canada |
| Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Belgium, Sweden, Austria, Norway, Denmark, Finland, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Thailand, Vietnam, Philippines, Rest of Asia Pacific |
| Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Kenya, Rest of MEA |
Radar Market Research Report Covers In-depth Analysis on:
- Radar market detailed segments and segment-wise market breakdown
- Radar market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in radar industry)
- Current, historical, and forthcoming 10 years market valuation in terms of radar market size (US$ Mn), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Radar market demand analysis
- Radar market regional insights with a region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in the radar market
- Regulatory landscape by key regions and key countries
- Radar market sales and distribution strategies
- A comprehensive overview of the parent market
- A detailed viewpoint on radar market forecast by countries
- Mergers and acquisitions in the radar market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
What are the key drivers of the radar market growth?
Advancements in technology, increasing demand for autonomous vehicles, and the growing importance of radar in defense and surveillance systems are major contributors to the radar market's growth.
What are the regional trends in the radar market?
The radar market shows strong growth in regions like North America, Europe, and Asia-Pacific, driven by advancements in technology and high investments in defense and automotive sectors.
How are radar technologies evolving in the next decade?
In the next decade, radar technologies are expected to become more advanced, with improvements in resolution, miniaturization, and integration with AI, making them even more effective for a wide range of applications.
