The automotive radar market was valued at US$ 5,019.01 million in 2019 and is projected to reach US$ 11,640.77 million by 2027; it is expected to grow at a CAGR of 14.9% during 2020–2027.
The automotive radar market is driven by various factors such as increasing government regulations concerning vehicle safety, rising adoption of premium vehicles, as well as a growing number of radars used in a vehicle. Moreover, the rising production and adoption of electric vehicles (EV) are further expected to support the growth of the automotive radar market. It is anticipated that in the coming years, autonomous driving will be the growing trend. To attain this, several vision technologies have increased intending to deliver functionality as well as safety to the vehicle's drivers and passengers. Radar systems are considered the most established and trusted technologies among the automotive industry's various vision technologies. At present, several vehicle manufacturers provide 'level 3' automation, wherein drivers are on standby for a certain time. These vehicles are integrated with nearly five radar systems, including SSR and LLR, for applications such as emergency braking or adaptive cruise control.
Impact of COVID-19 Pandemic on Automotive Radar Market
The North American region is greatly influenced by the presence of the US owing to its considerable adoption of passenger vehicles per capita and large presence of automobile manufacturing capabilities in the country. Though the US witnessed a notable surge in the number of COVID-19 cases, the lack of stringent government measures and restrictions slightly impacted the overall automotive industry; hence the market experienced a moderate impact from the pandemic. Additionally, the ongoing US and China trade war influenced the availability of materials and components for various automotive OEMs following the pandemic. Moreover, as Mexico and Canada witnessed a decline in the demand for automotive sales, they also witnessed a notable decline in their overall market growth for various automotive components, including radars.
Lucrative Regions in Automotive Radar Market
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Market Insights–Automotive Radar Market
Rising Number of Road Accidents and Fatalities Fuels Market Growth
Road traffic injuries are a key public health concern faced by governments, and the increasing prevalence of the same hinders the development of countries. According to the data by the World Health Organization (WHO), ~1.35 million people die each year because of road traffic accidents, which also lead to considerable economic loss at macro as well as micro level. According to the WHO, road traffic injuries cost most countries 3% of their Gross Domestic Product (GDP). To create awareness about road safety and rising death count due to road accidents, many national and international organizations are running awareness campaign around the globe. For instance, the WHO has been promoting safe system campaign with a mission to create awareness about road safety measures. In addition to various international organization (such as WHO), governments of various countries are also promoting and implementing laws and regulations to reduce road accidents. These activities involve promoting the incorporation of advanced automotive radar systems in vehicles. The radar systems facilitate advanced cruise control, collision warning, and lane change assistance; the systems also help drivers in getting alerts about the unseen incidents. Radar-based OEMs have been striving to develop advanced radar solutions. For instance, the business unit of Continental AG i.e. ADAS operating in North America reached the milestone production of 30 million radar sensors in August 2020. The company aims to promote “Safely There” campaign to raise awareness about various automotive safety technologies. Similar to Continental AG, other OEMs are also investing in R&D to develop advanced solutions for tapping the growing opportunities in the automotive radar market.
Range-Based Insights
Based on range, the automotive radar market is segmented into long range radar (LRR), medium range radar (MRR), and short range radar (SRR). The short range radar segment led the global automotive radar market. Short range radar helps driver to detect and avoid danger around the vicinity of the vehicle. High performance 24 GHz radar sensor is installed at both ends of the rear bumper.
Automotive Radar Market, by Range (% Share)
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Frequency-Based Insights
Based on frequency, the automotive radar market is segmented into 24 GHz, 77 GHz, and 79 GHz. 24 GHz segment led the market in 2019 and is expected to lose its dominance to 77 GHZ during the forecast period. The share of 24 GHz frequency is projected to decline owing to its replacement by 79 GHz high-resolution short range radar for blind-spot monitoring. 79 GHz allows mapping of the complete vehicle surroundings.
Application-Based Insights
Based on application, the automotive radar market is bifurcated into adaptive cruise control, autonomous emergency braking, blind spot detection, forward collision warning system, intelligent park assist, and others. The market for the intelligent park assist segment is projected to grow at the highest CAGR during the forecast period.
Vehicle Type-Based Insights
Based on vehicle type, the automotive radar market is segmented into passenger cars, light commercial vehicle, and medium and heavy commercial vehicle. The passenger cars segment led the market in 2019. One of the primary reasons for the growth of this segment is increasing awareness for vehicle safety among mid-priced car owners. Also, the rising demand for passenger vehicles, particularly among the middle-class population, boosts the growth of automotive radars in passenger cars.
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Automotive Radar Market: Strategic Insights
Market Size Value in US$ 5,019.01 Million in 2019 Market Size Value by US$ 11,640.77 Million by 2027 Growth rate CAGR of 14.9% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Automotive Radar Market: Strategic Insights
| Market Size Value in | US$ 5,019.01 Million in 2019 |
| Market Size Value by | US$ 11,640.77 Million by 2027 |
| Growth rate | CAGR of 14.9% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Players operating in the automotive radar market are mainly focusing on the development of advanced and efficient products.
- In 2021, Aptiv Plc introduced next generation level 1–3 capable ADAS platform. This ADS solution is cost effective and efficient.
- In 2020, Hella Gmbh & Co. KGAA installed 24 GHz radar sensor technology on Suzuki's new flagship models, enabling safety-relevant driver assistance functions such as "Blind Spot Monitor" and "Rear Cross Traffic Alert"
The global automotive radar market has been segmented as follows:
Automotive Radar Market– by Range
- Long Range Radar (LRR)
- Mid Range Radar (MRR)
- Short Range Radar (SRR)
Automotive Radar Market– by Frequency
- 24 GHz
- 77 GHz
- 79 GHz
Automotive Radar Market– by Application
- Adaptive Cruise Control
- Autonomous Emergency Braking
- Blind Spot Detection
- Forward Collision Warning System
- Intelligent Park Assist
- Others
Automotive Radar Market– by Vehicle Type
- Passenger Cars
- Light Commercial Vehicle
- Medium and Heavy Commercial Vehicle
Automotive Radar Market–by Geography
North America
- US
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- Japan
- South Korea
- Rest of APAC
Middle East and Africa (MEA)
- Turkey
- South Africa
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Automotive Radar Market–Company Profiles
- Continental AG
- Denso Corporation
- Aptiv plc
- HELLA GMBH & CO. KGAA
- Robert Bosch GmbH
- VALEO SA
- ZF Friedrichshafen AG
- Veoneer Inc.
- Nidec Elesys Corporation
- TungThih Electronic Co., Ltd.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Range , Frequency , Application , and Vehicle Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, South Africa, South Korea, Turkey, United Kingdom, United States
Frequently Asked Questions
In terms of revenue share, Asia Pacific held the largest share of global automotive radar market in 2019 and it is anticipated to continue its dominance over the forecast period of 2020 to 2027. Europe is the second largest revenue contributor, followed by North America in 2019. The presence of developed countries such as US and Canada coupled with automobile industry vertical is responsible for high adoption of automotive radar solutions in the region.
The rising road accidents coupled with growing demand for semi autonomous passenger cars are some of the key driving factors for global automotive radar market. The increasing demand of automotive radar to minimize road accidents and continuous promotion by government of different countries to use semi autonomous vehicle is helping in the market growth.
Based on range, the automotive radar market is segmented into long range radar (LRR), medium range radar (MRR) and short range radar (SRR). Presently, short range radar (SRR) segment led the automotive radar market. However, medium range radar (MRR) being demanded by auto carmakers.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Automotive Radar Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Automotive Radar Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Number of Road Accidents and Fatalities
5.1.2 Increasing Demand for Passenger Cars
5.2 Market Restraints
5.2.1 Challenges Associated with Test and Validation of Radar Sensors
5.3 Market Opportunities
5.3.1 Rising Demand for Advanced Imaging Radar
5.4 Market Trends
5.4.1 Growing Focus on High-Resolution Radar Systems
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Radar Market– Global Analysis
6.1 Automotive radar Market Global Overview
6.2 Automotive Radar Market– Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Automotive Radar Market Analysis – by Range
7.1 Overview
7.2 Automotive Radar Market, by Range (2019 and 2027)
7.3 Long Range Radar (LRR)
7.3.1 Overview
7.3.2 Long Range Radar (LRR): Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Mid Range Radar (MRR)
7.5.1 Overview
7.5.2 Mid Range Radar (MRR): Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
7.6 Short Range Radar (SRR)
7.6.1 Overview
7.6.2 Short Range Radar (SRR): Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
8. Automotive Radar Market Revenue and Forecast to 2027 By Frequency
8.1 Overview
8.2 Global Automotive Radar Market Breakdown, By Frequency, 2019 & 2027
8.3 GHZ
8.3.1 Overview
8.4 GHZ: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
8.5 GHZ
8.5.1 Overview
8.5.2 GHZ: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
8.6 GHZ
8.6.1 Overview
8.6.2 GHZ: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
9. Automotive Radar Market Revenue and Forecast to 2027 By Application
9.1 Overview
9.2 Global Automotive Radar Market Breakdown, By Application, 2019 & 2027
9.3 Adaptive Cruise Control
9.3.1 Overview
9.4 Adaptive Cruise Control: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Autonomous Emergency Braking
9.5.1 Overview
9.5.2 Autonomous Emergency Braking: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Blind Spot Detection
9.6.1 Overview
9.6.2 Blind Spot Detection: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
9.7 Forward Collision Warning System
9.7.1 Overview
9.7.2 Forward Collision Warning System: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
9.8 Intelligent Park Assist
9.8.1 Overview
9.8.2 Intelligent Park Assist: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
9.9 Others
9.9.1 Overview
9.9.2 Others: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
10. Automotive Radar Market Revenue and Forecast to 2027 By Vehicle Type
10.1 Overview
10.2 Global Automotive Radar Market Breakdown, By Vehicle Type, 2019 & 2027
10.3 Passenger Cars
10.3.1 Overview
10.4 Passenger Cars: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
10.5 Light Commercial Vehicles
10.5.1 Overview
10.5.2 Light Commercial Vehicles: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
10.6 Medium and Heavy Commercial Vehicles
10.6.1 Overview
10.6.2 Medium and Heavy Commercial Vehicles: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
11. Automotive Radar Market – Geographic Analysis
11.1 Overview
11.2 North America: Automotive Radar Market
11.2.1 North America: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.2.2 North America: Automotive Radar Market, by Range
11.2.3 North America: Automotive Radar Market, by Frequency
11.2.4 North America: Automotive Radar Market, by Application
11.2.5 North America: Automotive Radar Market, by Vehicle Type
11.2.6 North America: Automotive Radar Market, by Key Country
11.2.6.1 US: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.2.6.1.1 US: Automotive Radar Market, by Range
11.2.6.1.2 US: Automotive Radar Market, by Frequency
11.2.6.1.3 US: Automotive Radar Market, by Application
11.2.6.1.4 US: Automotive Radar Market, by Vehicle Type
11.2.6.2 Canada: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.2.6.2.1 Canada: Automotive Radar Market, by Range
11.2.6.2.2 Canada: Automotive Radar Market, by Frequency
11.2.6.2.3 Canada: Automotive Radar Market, by Application
11.2.6.2.4 Canada: Automotive Radar Market, by Vehicle Type
11.2.6.3 Mexico: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.2.6.3.1 Mexico: Automotive Radar Market, by Range
11.2.6.3.2 Mexico: Automotive Radar Market, by Frequency
11.2.6.3.3 Mexico: Automotive Radar Market, by Application
11.2.6.3.4 Mexico: Automotive Radar Market, by Vehicle Type
11.3 Europe: Automotive Radar Market
11.3.1 Europe: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.3.2 Europe: Automotive Radar Market, by Range
11.3.3 Europe: Automotive Radar Market, by Frequency
11.3.4 Europe: Automotive Radar Market, by Application
11.3.5 Europe: Automotive Radar Market, by Vehicle Type
11.3.6 Europe: Automotive Radar Market, by Key Country
11.3.6.1 UK: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.3.6.1.1 UK: Automotive Radar Market, by Range
11.3.6.1.2 UK: Automotive Radar Market, by Frequency
11.3.6.1.3 UK: Automotive Radar Market, by Application
11.3.6.1.4 UK: Automotive Radar Market, by Vehicle Type
11.3.6.2 Germany: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.3.6.2.1 Germany: Automotive Radar Market, by Range
11.3.6.2.2 Germany: Automotive Radar Market, by Frequency
11.3.6.2.3 Germany: Automotive Radar Market, by Application
11.3.6.2.4 Germany: Automotive Radar Market, by Vehicle Type
11.3.6.3 France: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.3.6.3.1 France: Automotive Radar Market, by Range
11.3.6.3.2 France: Automotive Radar Market, by Frequency
11.3.6.3.3 France: Automotive Radar Market, by Application
11.3.6.3.4 France: Automotive Radar Market, by Vehicle Type
11.3.6.4 Italy: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.3.6.4.1 Italy: Automotive Radar Market, by Range
11.3.6.4.2 Italy: Automotive Radar Market, by Frequency
11.3.6.4.3 Italy: Automotive Radar Market, by Application
11.3.6.4.4 Italy: Automotive Radar Market, by Vehicle Type
11.3.6.5 Russia: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.3.6.5.1 Russia: Automotive Radar Market, by Range
11.3.6.5.2 Russia: Automotive Radar Market, by Frequency
11.3.6.5.3 Russia: Automotive Radar Market, by Application
11.3.6.5.4 Russia: Automotive Radar Market, by Vehicle Type
11.3.6.6 Rest of Europe: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.3.6.6.1 Rest of Europe: Automotive Radar Market, by Range
11.3.6.6.2 Rest of Europe: Automotive Radar Market, by Frequency
11.3.6.6.3 Rest of Europe: Automotive Radar Market, by Application
11.3.6.6.4 Rest of Europe: Automotive Radar Market, by Vehicle Type
11.4 APAC: Automotive Radar Market
11.4.1 APAC: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.4.2 APAC: Automotive Radar Market, by Range
11.4.3 APAC: Automotive Radar Market, by Frequency
11.4.4 APAC: Automotive Radar Market, by Application
11.4.5 APAC: Automotive Radar Market, by Vehicle Type
11.4.6 APAC: Automotive Radar Market, by Key Country
11.4.6.1 China: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.4.6.1.1 China: Automotive Radar Market, by Range
11.4.6.1.2 China: Automotive Radar Market, by Frequency
11.4.6.1.3 China: Automotive Radar Market, by Application
11.4.6.1.4 China: Automotive Radar Market, by Vehicle Type
11.4.6.2 Japan: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.4.6.2.1 Japan: Automotive Radar Market, by Range
11.4.6.2.2 Japan: Automotive Radar Market, by Frequency
11.4.6.2.3 Japan: Automotive Radar Market, by Application
11.4.6.2.4 Japan: Automotive Radar Market, by Vehicle Type
11.4.6.3 India: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.4.6.3.1 India: Automotive Radar Market, by Range
11.4.6.3.2 India: Automotive Radar Market, by Frequency
11.4.6.3.3 India: Automotive Radar Market, by Application
11.4.6.3.4 India: Automotive Radar Market, by Vehicle Type
11.4.6.5 South Korea: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.4.6.5.1 South Korea: Automotive Radar Market, by Range
11.4.6.5.2 South Korea: Automotive Radar Market, by Frequency
11.4.6.5.3 South Korea: Automotive Radar Market, by Application
11.4.6.5.4 South Korea: Automotive Radar Market, by Vehicle Type
11.4.6.6 Rest of APAC: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.4.6.6.1 Rest of APAC: Automotive Radar Market, by Range
11.4.6.6.2 Rest of APAC: Automotive Radar Market, by Frequency
11.4.6.6.3 Rest of APAC: Automotive Radar Market, by Application
11.4.6.6.4 Rest of APAC: Automotive Radar Market, by Vehicle Type
11.5 MEA: Automotive Radar Market
11.5.1 MEA: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.5.2 MEA: Automotive Radar Market, by Range
11.5.3 MEA: Automotive Radar Market, by Frequency
11.5.4 MEA: Automotive Radar Market, by Application
11.5.5 MEA: Automotive Radar Market, by Vehicle Type
11.5.6 MEA: Automotive Radar Market, by Key Country
11.5.6.1 Turkey: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.5.6.1.1 Turkey: Automotive Radar Market, by Range
11.5.6.1.2 Turkey: Automotive Radar Market, by Frequency
11.5.6.1.3 Turkey: Automotive Radar Market, by Application
11.5.6.1.4 Turkey: Automotive Radar Market, by Vehicle Type
11.5.6.2 South Africa: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.5.6.2.1 South Africa: Automotive Radar Market, by Range
11.5.6.2.2 South Africa: Automotive Radar Market, by Frequency
11.5.6.2.3 South Africa: Automotive Radar Market, by Application
11.5.6.2.4 South Africa: Automotive Radar Market, by Vehicle Type
11.5.6.3 Rest of MEA: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.5.6.3.1 Rest of MEA: Automotive Radar Market, by Range
11.5.6.3.2 Rest of MEA: Automotive Radar Market, by Frequency
11.5.6.3.3 Rest of MEA: Automotive Radar Market, by Application
11.5.6.3.4 Rest of MEA: Automotive Radar Market, by Vehicle Type
11.6 SAM: Automotive Radar Market
11.6.1 SAM: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.6.2 SAM: Automotive Radar Market, by Range
11.6.3 SAM: Automotive Radar Market, by Frequency
11.6.4 SAM: Automotive Radar Market, by Application
11.6.5 SAM: Automotive Radar Market, by Vehicle Type
11.6.6 SAM: Automotive Radar Market, by Key Country
11.6.6.1 Brazil: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.6.6.1.1 Brazil: Automotive Radar Market, by Range
11.6.6.1.2 Brazil: Automotive Radar Market, by Frequency
11.6.6.1.3 Brazil: Automotive Radar Market, by Application
11.6.6.1.4 Brazil: Automotive Radar Market, by Vehicle Type
11.6.6.2 Argentina: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.6.6.2.1 Argentina: Automotive Radar Market, by Range
11.6.6.2.2 Argentina: Automotive Radar Market, by Frequency
11.6.6.2.3 Argentina: Automotive Radar Market, by Application
11.6.6.2.4 Argentina: Automotive Radar Market, by Vehicle Type
11.6.6.3 Rest of SAM: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
11.6.6.3.1 Rest of SAM: Automotive Radar Market, by Range
11.6.6.3.2 Rest of SAM: Automotive Radar Market, by Frequency
11.6.6.3.3 Rest of SAM: Automotive Radar Market, by Application
11.6.6.3.4 Rest of SAM: Automotive Radar Market, by Vehicle Type
12. Impact of COVID-19 Pandemic on Global Automotive Radar Market
12.1 Impact of COVID-19 Pandemic On Global Automotive Radar Market
12.1.1 North America: Impact Assessment of COVID-19 Pandemic
12.1.2 Europe: Impact Assessment of COVID-19 Pandemic
12.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12.1.5 South America: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Market Initiative
13.2 Merger and Acquisition
13.3 New Product Development
14. Company Profiles
14.1 Continental AG
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Denso Corporation
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Aptiv PLC
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 HELLA GmbH and Co. KGaA
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Robert Bosch GmbH
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Valeo
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 ZF Friedrichshafen AG
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Nidec Corporation
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Veoneer Inc
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Tung Thih Electronic Co Ltd
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Automotive Radar Market– Revenue and Forecast to 2027 (US$ Million)
Table 2. North America: Automotive Radar Market, by Range – Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Automotive Radar Market, by Frequency – Revenue and Forecast to 2027 (US$ Million)
Table 4. North America: Automotive Radar Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 5. North America: Automotive Radar Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 6. US: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 7. US: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 8. US: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 9. US: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 10. Canada: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 11. Canada: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 12. Canada: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 13. Canada: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 14. Mexico: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 15. Mexico: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 16. Mexico: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 17. Mexico: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 18. Europe: Automotive Radar Market, by Range – Revenue and Forecast to 2027 (US$ Million)
Table 19. Europe: Automotive Radar Market, by Frequency – Revenue and Forecast to 2027 (US$ Million)
Table 20. Europe: Automotive Radar Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 21. Europe: Automotive Radar Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 22. UK: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 23. UK: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 24. UK: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 25. UK: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 26. Germany: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 27. Germany: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 28. Germany: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 29. Germany: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 30. France: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 31. France: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 32. France: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 33. France: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 34. Italy: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 35. Italy: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 36. Italy: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 37. Italy: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 38. Russia: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 39. Russia: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 40. Russia: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 41. Russia: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 42. Rest of Europe: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 43. Rest of Europe: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 44. Rest of Europe: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 45. Rest of Europe: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 46. APAC: Automotive Radar Market, by Range – Revenue and Forecast to 2027 (US$ Million)
Table 47. APAC: Automotive Radar Market, by Frequency – Revenue and Forecast to 2027 (US$ Million)
Table 48. APAC: Automotive Radar Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 49. APAC: Automotive Radar Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 50. China: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 51. China: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 52. China: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 53. China: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 54. Japan: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 55. Japan: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 56. Japan: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 57. Japan: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 58. India: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 59. India: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 60. India: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 61. India: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 62. South Korea: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 63. South Korea: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 64. South Korea: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 65. South Korea: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 66. Rest of APAC: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 67. Rest of APAC: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 68. Rest of APAC: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 69. Rest of APAC: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 70. MEA: Automotive Radar Market, by Range – Revenue and Forecast to 2027 (US$ Million)
Table 71. MEA: Automotive Radar Market, by Frequency – Revenue and Forecast to 2027 (US$ Million)
Table 72. MEA: Automotive Radar Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 73. MEA: Automotive Radar Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 74. Turkey: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 75. Turkey: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 76. Turkey: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 77. Turkey: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 78. South Africa: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 79. South Africa: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 80. South Africa: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 81. South Africa: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 82. Rest of MEA: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 83. Rest of MEA: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 84. Rest of MEA: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 85. Rest of MEA: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 86. SAM: Automotive Radar Market, by Range – Revenue and Forecast to 2027 (US$ Million)
Table 87. SAM: Automotive Radar Market, by Frequency – Revenue and Forecast to 2027 (US$ Million)
Table 88. SAM: Automotive Radar Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 89. SAM: Automotive Radar Market, by Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 90. Brazil: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 91. Brazil: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 92. Brazil: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 93. Brazil: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 94. Argentina: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 95. Argentina: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 96. Argentina: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 97. Argentina: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 98. Rest of SAM: Automotive Radar Market, by Range –Revenue and Forecast to 2027 (US$ Million)
Table 99. Rest of SAM: Automotive Radar Market, by Frequency –Revenue and Forecast to 2027 (US$ Million)
Table 100. Rest of SAM: Automotive Radar Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 101. Rest of SAM: Automotive Radar Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Million)
Table 102. List of Abbreviation
LIST OF FIGURES
Figure 1. Automotive Radar Market Segmentation
Figure 2. Automotive Radar Market Segmentation – By Geography
Figure 3. Global Automotive Radar Market Overview
Figure 4. Short Range Radar Segment Held The Largest Share During Forecast Period
Figure 5. GHZ Frequency Segment To Grow At A Faster CAGR
Figure 6. Adaptive Cruise Control Segment Held The Largest Share During Forecast Period
Figure 7. Passenger Cars Segment Held The Largest Share During Forecast Period
Figure 8. Global Automotive Radar Market, Geography Analysis
Figure 9. North America
Figure 10. Europe
Figure 11. APAC
Figure 12. MEA
Figure 13. SAM
Figure 14. Ecosystem Analysis
Figure 15. Expert Opinion
Figure 16. Automotive Radar Market Impact Analysis of Drivers and Restraints
Figure 17. Geographic Overview of Automotive Radar Market
Figure 18. Automotive Radar Market– Revenue and Forecast to 2027 (US$ Million)
Figure 19. Automotive Radar Market Revenue Share, by Range (2019 and 2027)
Figure 20. Long Range Radar (LRR): Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Mid Range Radar (MRR): Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Short Range Radar (SRR): Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Global Automotive Radar Market Breakdown, By Frequency, 2019 & 2027
Figure 24. GHZ: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. GHZ: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. GHZ: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Global Automotive Radar Market Breakdown, By Application, 2019 & 2027
Figure 28. Adaptive Cruise Control: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Autonomous Emergency Braking: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Blind Spot Detection: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Forward Collision Warning System: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Intelligent Park Assist: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Others: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Global Automotive Radar Market Breakdown, By Vehicle Type, 2019 & 2027
Figure 35. Passenger Cars: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 36. Light Commercial Vehicles: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 37. Medium and Heavy Commercial Vehicles: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 38. Global Automotive Radar Market Revenue Share, by Region (2019 and 2027)
Figure 39. North America: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 40. North America: Automotive Radar Market Revenue Share, by Range (2019 and 2027)
Figure 41. North America: Automotive Radar Market Revenue Share, by Frequency (2019 and 2027)
Figure 42. North America: Automotive Radar Market Revenue Share, by Application (2019 and 2027)
Figure 43. North America: Automotive Radar Market Revenue Share, by Vehicle Type (2019 and 2027)
Figure 44. North America: Automotive Radar Market Revenue Share, by Key Country (2019 and 2027)
Figure 45. US: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 46. Canada: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 47. Mexico: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 48. Europe: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 49. Europe: Automotive Radar Market Revenue Share, by Range (2019 and 2027)
Figure 50. Europe: Automotive Radar Market Revenue Share, by Frequency (2019 and 2027)
Figure 51. Europe: Automotive Radar Market Revenue Share, by Application (2019 and 2027)
Figure 52. Europe: Automotive Radar Market Revenue Share, by Vehicle Type (2019 and 2027)
Figure 53. Europe: Automotive Radar Market Revenue Share, by Key Country (2019 and 2027)
Figure 54. UK: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 55. Germany: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 56. France: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 57. Italy: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 58. Russia: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 59. Rest of Europe: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 60. APAC: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 61. APAC: Automotive Radar Market Revenue Share, by Range (2019 and 2027)
Figure 62. APAC: Automotive Radar Market Revenue Share, by Frequency (2019 and 2027)
Figure 63. APAC: Automotive Radar Market Revenue Share, by Application (2019 and 2027)
Figure 64. APAC: Automotive Radar Market Revenue Share, by Vehicle Type (2019 and 2027)
Figure 65. APAC: Automotive Radar Market Revenue Share, by Key Country (2019 and 2027)
Figure 66. China: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 67. Japan: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 68. India: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 69. South Korea: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 70. Rest of APAC: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 71. MEA: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 72. MEA: Automotive Radar Market Revenue Share, by Range (2019 and 2027)
Figure 73. MEA: Automotive Radar Market Revenue Share, by Frequency (2019 and 2027)
Figure 74. MEA: Automotive Radar Market Revenue Share, by Application (2019 and 2027)
Figure 75. MEA: Automotive Radar Market Revenue Share, by Vehicle Type (2019 and 2027)
Figure 76. MEA: Automotive Radar Market Revenue Share, by Key Country (2019 and 2027)
Figure 77. Turkey: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 78. South Africa: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 79. Rest of MEA: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 80. SAM: Automotive Radar Market – Revenue and Forecast to 2027 (US$ Million)
Figure 81. SAM: Automotive Radar Market Revenue Share, by Range (2019 and 2027)
Figure 82. SAM: Automotive Radar Market Revenue Share, by Frequency (2019 and 2027)
Figure 83. SAM: Automotive Radar Market Revenue Share, by Application (2019 and 2027)
Figure 84. SAM: Automotive Radar Market Revenue Share, by Vehicle Type (2019 and 2027)
Figure 85. SAM: Automotive Radar Market Revenue Share, by Key Country (2019 and 2027)
Figure 86. Brazil: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 87. Argentina: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 88. Rest of SAM: Automotive Radar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 89. Impact of COVID-19 Pandemic in North American Country Markets
Figure 90. Impact of COVID-19 Pandemic In Europe Country Markets
Figure 91. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 92. Impact of COVID-19 Pandemic in Middle East And Africa Country Markets
Figure 93. Impact of COVID-19 Pandemic In South America Country Markets
The List of Companies - Automotive Radar Market
- Continental AG
- Denso Corporation
- Aptiv plc
- HELLA GMBH & CO. KGAA
- Robert Bosch GmbH
- VALEO SA
- ZF Friedrichshafen AG
- Veoneer Inc.
- Nidec Elesys Corporation
- TungThih Electronic Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
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As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
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- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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