Commercial Vehicle and Off-Highway Radar Market Growth, Trends and Forecast by 2031

MARKET INTRODUCTION

The increase in demand for autonomous and safety features, increasing accident cases, and real-time data monitoring, will drive the overall radars for commercial & off-highway vehicles Market. The increasing focus of the auto industry towards advanced technologies is predicted to drive the growth of the commercial vehicle & off-highway radar market.

MARKET DYNAMICS

The increase in demand for vehicles with ADAS features to increase safety on the road, reduce collisions, and reduce fuel are some of the major factors driving the growth of the commercial vehicle and off-highway radars market. Moreover, technological advancement in the automotive sector is anticipated to boost the growth of the commercial vehicle & off-highway radar market.

MARKET SCOPE

The "Global Commercial Vehicle and Off-Highway Radar Market Analysis to 2031" is a specialized and in-depth study of the commercial vehicle and off-highway radar market with a special focus on the global market trend analysis. The report aims to provide an overview of commercial vehicle and off-highway radar market with detailed market segmentation by application, frequency type, vehicle type, component type. The global commercial vehicle and off-highway radar market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading commercial vehicle and off-highway radar market players and offers key trends and opportunities in the commercial vehicle and off-highway radar market.

MARKET SEGMENTATION

The global commercial vehicle and off-highway radar market is segmented on the basis of application, frequency type, vehicle type, component type. On the basis of application, the market is segmented as adaptive cruise control (ACC), blind spot detection (BSD), forward collision warning system, intelligent park assists, autonomous emergency braking (AEB). On the basis of frequency type, the market is segmented as 24 GHz, 77-82 GHz. On the basis of vehicle type, the market is segmented as commercial vehicle, off-highway vehicle. On the basis of component type, the market is segmented as long-range radar (LRR), short & medium range radar (S&MRR), mono camera, stereo camera.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global commercial vehicle and off-highway radar market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The commercial vehicle and off-highway radar market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting commercial vehicle and off-highway radar market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the commercial vehicle and off-highway radar market in these regions.

MARKET PLAYERS

The reports cover key developments in the commercial vehicle and off-highway radar market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from commercial vehicle and off-highway radar market are anticipated to lucrative growth opportunities in the future with the rising demand for commercial vehicle and off-highway radar market. Below mentioned is the list of few companies engaged in the commercial vehicle and off-highway radar market.

The report also includes the profiles of key commercial vehicle and off-highway radar market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  Analog Devices, Inc.
  
•  Aptiv
  
•  Continental AG
  
•  Hella KGaA Hueck and Co.
  
•  Infineon Technologies AG
  
•  Magna International Inc.
  
•  NXP Semiconductors N.V.
  
•  Robert Bosch GmbH
  
•  Texas Instruments Incorporated
  
•  ZF Friedrichshafen AG
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Commercial Vehicle and Off-Highway Radar Report Scope