Commercial Vehicle & Off-Highway Radar Market Boom in Near Future!

Commercial Vehicle & Off-Highway Radar Market

The Commercial Vehicle & Off-highway Radar Market is projected to grow at a CAGR of 27.4%, by value, during the forecast period. It is estimated to be USD 153 million by 2020 and is projected to reach USD 831 million by 2027.

The market growth is primarily driven by factors such as advancement in technology, high resolution for accurate vision, and traffic safety concerns. To prevent a collision, especially the rear-end collision, is the central aspect of applications like FCW, IPA, and AEB. The fact that around 1.7 million rear-end collisions take place in the US every year has encouraged governments around the world to enforce safety applications in commercial and off-highway vehicles such as ambulance or fire fighting trucks, tractors, and school buses.  

Top Players:

  • Robert Bosch (Germany)
  • Continental (Germany)
  • Aptiv (Ireland)
  • Denso Corporation (Japan)
  • Infineon Technologies (Germany)
  • NXP Semiconductors (Netherlands)
  • Analog Devices (US)
  • HELLA (Germany)
  • Valeo (France)
  • Texas Instruments (US)
  • ZF (Germany)
  • Magna International (Canada)

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Owing to the emergence of newer technologies such as ADAs,  in the automotive industry, along with the growing demand for safe vehicles, the commercial vehicle & off-highway radar market has started implementation. Local adoption of these technologies depends on government mandates. Many of the automotive OEMs had already installed radars and cameras in their vehicles in the past few years. The North American commercial vehicle & off-highway radar market is growing at the most significant pace, followed by Europe, and the Asia Pacific. The growth of the European/ Asia Pacific region in the commercial vehicle radar market can be attributed to the high demand for light commercial and heavy commercial vehicles in these regions.  

The 77-81 GHz segment of the commercial vehicle radar market, by frequency type, is expected to be the largest and the fastest in the market. This dominance is because radar technology in terms of both pulse-Doppler and continuous-wave frequency-modulated continuous-wave (FMCW) can serve ADAS applications at 24-GHz or 77-81 GHz but since its suspected 24-GHz radars will be phased out by 2022, the use of 77-81 GHz radars will cater the market. Also, more full bandwidth provided by 77-81 GHz radars helps to increase the range resolution and velocity resolution. All these factors increase its penetration in commercial vehicles where high resolution is required to reduce collision errors.

The stereo camera of the commercial vehicle radar market, by component type,  is expected to be the fastest market. This is because stereo cameras offer safe driving and meet all safety standards by providing high-resolution quality and the 3D frame view makes them efficient for the auto industry. Also, OEMs adopting this technology to feature ADAS function in vehicles have boosted stereo camera demand recently. For instance, in 2019, Suzuki Motor Corporation adopted Hitachi’s stereo camera for its light commercial vehicle namely CARRY which will boost the demand of stereo cameras during the forecast period.

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Recent Developments:

  • In December 2019, Continental announced the launch of the 5th generation automotive radar in 2019. The new detector has higher capacity, and it is also based on a scalable modular principle, which, with its graduated function scopes and flexibly, supports vehicle manufacturers’ different requirements and electrical-electronic (E/E) architectures.
  • In August 2017, Denso Corporation developed a 24-GHz submillimeter-wave rear and sided radar sensor to help enhance vehicle safety systems. The sensor was used in the 2018 Toyota Camry. It is built into the rear bumper of the vehicle to detect other vehicles likely to enter the driver’s blind spot from the rear and side, as well as vehicles approaching from the rear on the left and right when reversing.
  • In March 2018, Analog Devices, Inc. (ADI) acquired Symeo GmbH, a company that specializes in RADAR hardware and software for emerging autonomous automotive and industrial applications. With this acquisition, ADI now delivers more comprehensive and compelling radar solutions.
  • In November 2019, Denso partnered with Metawave to accelerate the development of smart radar systems for autonomous cars. Metawave has been working in radar sensing with its state-of-the-art analog beam-steering radar, which the company claims provides more extended range, higher resolution, and greater accuracy and intelligent object classification compared to traditional detectors.
  • In February 2020, HELLA introduced its latest 77 GHz radar technology. Initially, the company will supply it to Asian manufacturers of trucks and buses.