Commercial Vehicle And Off-Highway Radar Market

A commercial vehicle is licensed to be used for the transportation of goods and materials for businesses and individuals. The commercial vehicle is specifically designed to carry heavy materials or tow large goods and has seating for two or three passengers in the front section beside the driver’s seat. The off-highway radar is a sensor technology that enables the vehicles to detect blind spots and other obstacles.

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The major factors contributing to the growth of the global commercial vehicle & off-highway radar market includes the strong demand for autonomous commercial vehicles at the global level. The automotive industry is undergoing a fundamental transformation and adopting integrated approaches to bring innovative development in the industry. Megatrends like urbanization, pollution, connectivity, and globalization are powering the shift away from manual operating vehicles to new business models such as autonomous driving and integrated mobility. The autonomous vehicles have the potential to reduce deaths and injuries caused by accidents, particularly those resulting from driver distraction. These vehicles will also decrease CO2 emissions and consumes lesser fuel. All these remarkable benefits offered by autonomous vehicles will drastically push the demand of the global commercial vehicles & off-highway radars market.

The emerging demand for real-time data monitoring reinforced by government mandates will bring innumerable growth opportunities in the market. The global giants in the automotive industry are actively planning strategies to implement the autonomous driving concept to the vehicles, which will help them in gaining a competitive advantage over the other players in the market. This technological development will allow real-time monitoring services that are convenient time and cost-saving. Apart from this, the growing awareness regarding the exceptional benefits offered by the radar systems, such as easy detection of objects that are at the side, front, or back of the vehicle, will attract new customer base to the market in the coming years. On the other hand, the inability of radars to distinguish between different targets is a factor that will hamper the growth of the market.

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Based on vehicle, the market is segmented into operational data, commercial vehicles, buses, medium & heavy trucks, pickup trucks & vans, off-highway vehicles, construction equipment, mining equipment, and agriculture equipment. Among these, the off-highway vehicle segment is projected to grow at a higher CAGR during the forecast period. The off-highway vehicles are the heavy vehicles that are used for carrying loads at the construction sites or other locations. The growing challenge of visibility while driving these off-highway vehicles due to the accumulation of dust particles on the front glass of the vehicle is encouraging the end-users to opt for radar enabled vehicles. The radar technology helps in creating clear visibility, thereby minimizing the chances of accidents or other mishappenings. The radar automatically adapts to the changing weather condition, which will further complement the strong demand of the market.

On the basis of application, the market is segmented into operational vehicle, adaptive cruise control (ACC), blind spot detection (BSD), forward collision warning (FCW), intelligent park assist (IPA), automatic emergency braking (AEB). Among these, the BSD segment would witness faster CAGR during the forecast period due to accelerating incidences of accidents caused by the misidentification of blind spots. The blind spot detection system offers higher level of safety, decreases the truckload and car body damages, supports lane changing, and provides reliable information to the driver in the blind spot.

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Based on the region, the Europe region is anticipated to lead the market during the forecast period. Governments of the European countries are proactively expanding their initiatives towards the safety of commercial vehicles. In addition to this, the strong demand for off-highway radar technology across the European countries will further surge the demand of the market.

The major players operating in the market include Robert Bosch GmBH, Continental AG, Aptiv Plc, Denso Corporation, Infineon Technologies AG, NXP Semiconductors N.V, Magna International INC, ZF Friedrichshafen AG, Texas Instruments Incorporated, and Valeo S.A.

The global commercial vehicle & off-highway radar market has been segmented on the basis of component, vehicle, frequency, application, and region. Based on component, the market is segmented into operational data, mono camera, stereo camera, long range radar, and short and medium range radar. Based on vehicle, the market is segmented into operational data, commercial vehicle, buses, medium & heavy trucks, pickup trucks & vans, off-highway vehicles, construction equipment, mining equipment, and agriculture equipment. Based on frequency, the market is segmented into operational data, 24GHZ, and 77-81 GHZ. Based on application, the market is segmented into operational vehicle, adaptive cruise control (ACC), blind spot detection (BSD), forward collision warning (FCW), intelligent park assist (IPA), automatic emergency braking (AEB).

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Key questions answered in this research report:

• • At what pace is global commercial vehicle & off-highway radar market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in commercial vehicle & off-highway radar market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global commercial vehicle & off-highway radar market?
  • Which component generated maximum revenues in 2019 and identify the most promising products during the forecast period?
  • What are the various application areas of global commercial vehicle & off-highway radar market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Component, By Vehicle, By Frequency, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Robert Bosch GmBH, Continental AG, Aptiv Plc, Denso Corporation, Infineon Technologies AG, NXP Semiconductors N.V, Magna International INC, ZF Friedrichshafen AG, Texas Instruments Incorporated, Valeo S.A., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Commercial Vehicle & Off-Highway Radar Market by Component

• • Operational Data
  • Mono Camera
  • Stereo Camera
  • Long Range Radar
  • Short and Medium Range Radar

Global Commercial Vehicle & Off-Highway Radar Market by Vehicle

• • Operational Data
  • Commercial Vehicle
  • Buses, Medium & Heavy Trucks
  • Pickup Trucks & Vans
  • Off-Highway Vehicles
  • Construction Equipment
  • Mining Equipment
  • Agriculture Equipment

Global Commercial Vehicle & Off-Highway Radar Market by Frequency

• • Operational Data
  • 24GHZ
  • 77-81 GHZ

Global Commercial Vehicle & Off-Highway Radar Market by Application

• • Operational Vehicle
  • Adaptive Cruise Control (ACC)
  • Blind Spot Detection (BSD)
  • Forward Collision Warning (FCW)
  • Intelligent Park Assist (IPA)
  • Automatic Emergency Braking (AEB)

Global Commercial Vehicle & Off-Highway Radar Market by Region

• • North America Commercial Vehicle & Off-Highway Radar Market (Option 1: As a part of the free 25% customization)

• • • North America Commercial Vehicle & Off-Highway Radar Market by Component
    • North America Commercial Vehicle & Off-Highway Radar Market by Vehicle Type
    • North America Commercial Vehicle & Off-Highway Radar Market by Frequency
    • North America Commercial Vehicle & Off-Highway Radar Market by Application
    • US Commercial Vehicle & Off-Highway Radar Market All-Up
    • Canada Commercial Vehicle & Off-Highway Radar Market All-Up

• • Europe Commercial Vehicle & Off-Highway Radar Market (Option 2: As a part of the free 25% customization)

• • • Europe Commercial Vehicle & Off-Highway Radar Market by Component
    • Europe Commercial Vehicle & Off-Highway Radar Market by Vehicle Type
    • Europe Commercial Vehicle & Off-Highway Radar Market by Frequency
    • Europe Commercial Vehicle & Off-Highway Radar Market by Application
    • UK Commercial Vehicle & Off-Highway Radar Market All-Up
    • Germany Commercial Vehicle & Off-Highway Radar Market All-Up
    • France Commercial Vehicle & Off-Highway Radar Market All-Up
    • Spain Commercial Vehicle & Off-Highway Radar Market All-Up
    • Rest of Europe Commercial Vehicle & Off-Highway Radar Market All-Up

• • Asia-Pacific Commercial Vehicle & Off-Highway Radar Market (Option 3: As a part of the free 25% customization)

• • • Asia-Pacific Commercial Vehicle & Off-Highway Radar Market by Component
    • Asia-Pacific Commercial Vehicle & Off-Highway Radar Market by Vehicle Type
    • Asia-Pacific Commercial Vehicle & Off-Highway Radar Market by Frequency
    • Asia-Pacific Commercial Vehicle & Off-Highway Radar Market by Application
    • China Commercial Vehicle & Off-Highway Radar Market All-Up
    • India Commercial Vehicle & Off-Highway Radar Market All-Up
    • Japan Commercial Vehicle & Off-Highway Radar Market All-Up
    • Rest of APAC Commercial Vehicle & Off-Highway Radar Market All-Up

• • RoW Commercial Vehicle & Off-Highway Radar Market (Option 4: As a part of the free 25% customization)

• • • RoW Commercial Vehicle & Off-Highway Radar Market by Component
    • RoW Commercial Vehicle & Off-Highway Radar Market by Vehicle Type
    • RoW Commercial Vehicle & Off-Highway Radar Market by Frequency
    • RoW Commercial Vehicle & Off-Highway Radar Market by Application
    • Brazil Commercial Vehicle & Off-Highway Radar Market All-Up
    • South Africa Commercial Vehicle & Off-Highway Radar Market All-Up
    • Saudi Arabia Commercial Vehicle & Off-Highway Radar Market All-Up
    • UAE Commercial Vehicle & Off-Highway Radar Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Commercial Vehicle & Off-Highway Radar Market All-Up

Global Commercial Vehicle & Off-Highway Radar Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Robert Bosch GmBH
  • Continental AG
  • Aptiv Plc
  • Denso Corporation
  • Infineon Technologies AG
  • NXP Semiconductors N.V
  • Magna International INC
  • ZF Friedrichshafen AG
  • Texas Instruments Incorporated
  • Valeo S.A