Summary

Global Commercial & Off-Highway Vehicle Radar Market is expected to grow at a significant rate of around 22% during the forecast period. The commercial and off-highway radar market is a rapidly growing industry that includes the development and implementation of radar systems in various commercial and off-highway applications. These applications include automotive, transportation, industrial, and construction sectors. In recent years, Automation is becoming more prevalent in various commercial and off-highway applications, from logistics and transportation to mining and construction. Radar-based systems play a key role in enabling automation by providing accurate and reliable information about the vehicle's surroundings. For example, some construction equipment is equipped with radar-based systems to help operators monitor their surroundings and avoid collisions. Furthermore, The increasing number of accidents in the commercial and off-highway sectors has led to a surge in demand for advanced safety features such as radar-based systems. These systems can help prevent collisions, reduce the risk of accidents, and improve overall safety. For example, some modern commercial vehicles are equipped with radar-based adaptive cruise control, collision avoidance, and blind spot detection systems. Thus, the growing focus and investment of key stakeholders for the research and development of technologically advanced radars is further expected to support market growth.

HELLA GmbH & Co. KGaA; Texas Instruments Incorporated; Continental AG; Robert Bosch GmbH; Infineon Technologies AG; Aptiv, Magna International, Inc.; ZF FRIEDRICHSHAFEN AG; VALEO; and DENSO CORPORATION are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst Frequency, 77-81Ghz category to significant growth rate during the forecast period”
Based on frequency, the market is segmented into 22Ghz and 77-81Ghz. The 77-81 GHz segment is one of the key segments in the commercial and off-highway radar market, and it is expected to have a significant growth rate due to several factors such as the 77-81 GHz band is ideal for high-performance radar applications such as long-range detection, making it suitable for advanced safety features such as forward collision warning, lane departure warning, and pedestrian detection. These features are becoming increasingly important in the commercial and off-highway sectors, where safety is a top priority. Additionally, Advancements in radar technology have made 77-81 GHz radar systems more affordable and easier to implement, which has led to an increase in adoption in various commercial and off-highway applications.

“Amongst radar, the off-highway vehicle to hold a significant share in the market.”
On the basis of radar type, the market is categorized into a commercial vehicle and off-highway vehicle. Among these, the off-highway vehicle holds a significant share of the market. This is mainly due to off-highway vehicle operations in harsh environments and under challenging conditions, which require robust and reliable sensing technologies such as radar. Off-highway vehicles are used in industries such as construction, mining, agriculture, and forestry, where the environment is often dusty, muddy, or snowy, and visibility is limited. In such conditions, radar sensors can provide accurate and real-time information on the vehicle's surroundings, including the location of obstacles, other vehicles, and personnel. Moreover, the off-highway vehicle market is experiencing significant growth, driven by the increasing demand for construction and mining activities in emerging economies. As a result, there is a growing need for advanced sensing technologies such as radar, which can improve the safety and efficiency of these vehicles.

 “North America to hold a significant share in the market.”
North America is expected to hold a significant share of the Commercial and Off-Highway Radar Market. High adoption of advanced driver assistance systems (ADAS). North America has a high adoption rate of ADAS in commercial and off-highway vehicles. These systems use radar sensors to detect obstacles and provide drivers with warnings, making them safer and more efficient. This has led to an increased demand for radar sensors, driving the growth of the market. Additionally, North America is home to several key players in the radar market, including major companies such as Continental AG, Delphi Technologies, and Texas Instruments. These companies have invested heavily in research and development, resulting in the development of advanced radar systems that are widely adopted in the market. Moreover, the North American market is also witnessing a growing demand for autonomous vehicles, which rely heavily on radar sensors to operate. This has further driven the demand for radar sensors and is expected to fuel the growth of the market in the coming years.

Reasons to buy this report:
•    The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
•    The report presents a quick review of overall industry performance at one glance.
•    The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
•    Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
•    The study comprehensively covers the market across different segments.
•    Deep dive regional level analysis of the industry.

Customization Options:
The global commercial & off-highway vehicle radar market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

ページTOPに戻る

Table of Contents