Commercial Vehicle & Off-Highway Radar Market worth $831 million by 2027
                     MarketsandMarkets 
Presents
Commercial Vehicle & Off-Highway 
Radar Market worth $831 million by 
2027
https://
www.marketsandmarkets.com/Market-Reports/commercial-vehicle-o
ff-highway-radar-market-182016868.html
 
The report "Commercial Vehicle & Off-Highway Radar Market by 
frequency (24-GHz & 77-81 GHz), component (LRR, S&MRR, Mono 
Camera, and Stereo Camera), vehicle (CV & Off-highway), 
Application (ACC, AEB,BSD, FCW & IPA) and Region - Global 
Forecast to 2027" The commercial vehicle & off-highway radar market 
is projected to grow at a CAGR of 27.4% during the forecast period, to 
reach USD 831 million by 2027 from an estimated USD 153 million in 
2020.
Browse 136 market data Tables and 52 Figures spread 
through 181 Pages and in-depth TOC on "Commercial Vehicle & 
Off-Highway Radar Market”
The demand for autonomous and safety features, real-time data 
monitoring, government mandates, and increasing accident cases will 
drive the overall market of radars for commercial & off-highway vehicles. 
The shift of the auto industry towards advanced technologies is expected 
to drive the growth of the commercial vehicle & off-highway radar 
market. However, spread of coronavirus in 2020 will be showing a 
economic slow down in regions which will impact the automotive sector.
Download PDF Brochure @ 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=18201686
8
 
AEB is expected to hold the largest share in the commercial 
vehicle radar market during the forecast period.
Increasing concern about the safety of passengers in commercial 
vehicles is the key factor in the demand for AEB. Thus, many of the 
government bodies are promoting the application of AEB in the vehicles. 
For instance, Euro NCAP offers 5-star rating to vehicle which has AEB as 
a standard feature. The study conducted by Euro NCAP and Australian 
NCAP found out that the application of AEB leads to a 38% reduction in 
rear-end crashes.
Commercial vehicle, in-vehicle type segment is estimated to be 
the fastest-growing and the largest market during the forecast 
period
The increasing trend towards autonomous driving in the commercial 
vehicle has been fueling the growth of the commercial vehicle radar 
market. The key factor that drives the application of radar in the 
commercial vehicle is the increased safety awareness among the public 
and the government, as 4,136 people had lost their lives in the year 
2018, in the US alone due to large truck crashes as per IIHS (Insurance 
Institute for Highway Safety). Such occurrences are the major driver for 
radars for commercial vehicles.Though the impact of CONVID-19 will 
effect the commercial vehicle segment for a while due to consumer 
preference  of opting travel in personal vehicles and no public transport.
North America region is expected to have the largest share in the 
commercial vehicle & off-highway radar market from 2020 through 
2027.
The growth of the North America region can be attributed to the most 
number of vehicles equipped with ADAS features. Early adoption of 
technologies in the region will be the key factor for the growth of the radar 
market for commercial vehicles. The presence of players like FCA, GM, Texas 
Instruments Incorporated, Visteon Corporation, and  Velodyne Lidar, Inc has 
also contributed to the growth of the North American region in the radar 
market for commercial vehicles.
To speak to our analyst for a discussion on the above findings, click 
Speak to Analyst
The commercial vehicle & off-highway radar market is dominated by globally 
established players such as Robert Bosch GmBH (Germany), Continental 
AG (Germany), Aptiv (Ireland), Denso Corporation (Japan), and Infineon 
Technologies AG (Germany). 
For instance, in August 2017, Denso Corporation developed a 24-GHz 
submillimeter-wave rear and side radar sensor to help enhance vehicle safety 
systems. The sensor is used in the 2018 Toyota Camry released this past July. 
Additionally, in September 2019, a joint venture between Aptiv and  Hyundai 
Motor Co, to develop autonomous vehicles for the commercialization of Level 
4 and 5 self-driving technologies will be driving the expansion of Aptiv 
capabilities in autonomous vehicles market in South Korea.
Request FREE Sample Report @ https://
www.marketsandmarkets.com/requestsampleNew.asp?id=18201
6868
 
Key questions addressed by the report:
• Where will all these developments take the industry in the mid- to 
long-term
• How is the increasing adoption of electric vehicles and changing 
environmental norms affecting the commercial vehicle radar market?
• What are the features in which mono camera outperforms in 
commercial vehicles?
• Who are the key players in the market, and how intense is the 
competition?
• How will the combination of radar and 4D vision will work in a real-
world situations?
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high 
growth niche opportunities/threats which will impact 70% to 80% of 
worldwide companies’ revenues. Currently servicing 5000 customers 
worldwide including 80% of global Fortune 1000 companies as clients. Almost 
75,000 top officers across eight industries worldwide approach 
MarketsandMarkets™ for their painpoints around revenues decisions. 
 
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking 
global high growth markets following the "Growth Engagement Model – GEM". 
The GEM aims at proactive collaboration with the clients to identify new 
opportunities, identify most important customers, write "Attack, avoid and 
defend" strategies, identify sources of incremental revenues for both the 
company and its competitors. MarketsandMarkets™ now coming up with 
1,500 MicroQuadrants (Positioning top players across leaders, emerging 
companies, innovators, strategic players) annually in high growth emerging 
segments. MarketsandMarkets™ is determined to benefit more than 10,000 
companies this year for their revenue planning and help them take their 
innovations/disruptions early to the market by providing them research ahead 
of the curve. 
 
MarketsandMarkets’s flagship compehttitipves :/in/ telligence and market research 
wplawtfwo.rm,a r"RkTe"t scaondnemctasr koevtesr .c2o00m,0/M00a rmkaertk-eRtes paonrdt se/nctoirme mvaelurcei aclh-avienhs icfoler -o
ffde-ehpigerh wunadye-rsatadnadri-nmg aorfk ethte-1 u8n2m0e1t6 8in6si8g.httsm along with market sizing and 
forecasts of niche markets.   
 
Contact Us
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected] 
MarketsandMarkets Blog
http://www.marketsandmarkets.com
http://twitter.com/marketsmarkets
http://www.linkedin.com/company/marketsandmarkets