PUBLISHER: The Business Research Company | PRODUCT CODE: 1426403
PUBLISHER: The Business Research Company | PRODUCT CODE: 1426403
A vehicle radar test system is a comprehensive testing solution designed for measuring, analyzing, and evaluating the functionality, compatibility, and quality of radar sensors utilized in automobiles. This system ensures the accurate and effective performance of radar sensors under various conditions, both optimal and challenging.
The key components of vehicle radar test systems include Vector Signal Transceiver (VST), Variable Delay Generator (VDG), PXI Controller, and antennae. A Vector Signal Transceiver (VST) is a device capable of transmitting and receiving radio frequency (RF) signals. These systems are applicable to different vehicle types, including passenger cars and commercial vehicles, and operate across frequency bands such as X-band, K-band, and others. The primary applications of vehicle radar test systems include research and development, radar module manufacturing, and vehicle manufacturing.
The vehicle radar test system market research report is one of a series of new reports from The Business Research Company that provides vehicle radar test system market statistics, including vehicle radar test system industry global market size, regional shares, competitors with a vehicle radar test system market share, detailed vehicle radar test system market segments, market trends and opportunities, and any further data you may need to thrive in the vehicle radar test system industry. This vehicle radar test system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The vehicle radar test system market size has grown rapidly in recent years. It will grow from $4.09 billion in 2023 to $4.66 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth observed in the historic period can be attributed to the increasing development of autonomous vehicles, a growing demand for accurate collision avoidance systems, consumer preferences for advanced safety features, the rising integration of radar in vehicles, and the implementation of stringent safety regulations.
The vehicle radar test system market size is expected to see rapid growth in the next few years. It will grow to $7.44 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The anticipated growth in the forecast period can be attributed to the development of millimeter-wave radar, an increased focus on cybersecurity, emphasis on real-time testing, environmental testing requirements, and the growing penetration of electric vehicles. Major trends expected in the forecast period include the integration of artificial intelligence and machine learning, advancements in automotive radar technology, the adoption of advanced driver assistance systems (ADAS), and the integration of 5G connectivity.
The anticipated surge in the adoption of autonomous vehicles is poised to significantly propel the expansion of the vehicle radar test system market. Autonomous vehicles, capable of independent operation and environmental sensing without human intervention, rely on these systems to validate the functionality of radar sensors crucial for safety-centric applications such as advanced driver assistance systems (ADAS) and autonomous driving (AD). As reported in December 2022 by the Insurance Institute for Highway Safety, it is projected that approximately 3.5 million autonomous vehicles will traverse American roads by 2025, escalating to 4.5 million by 2030. Consequently, the increasing deployment of autonomous vehicles stands as a primary driver behind the growth of the vehicle radar test system market.
The burgeoning apprehensions regarding road safety are forecasted to propel the growth of the vehicle radar test system market in the coming years. Road safety initiatives encompass strategic measures aimed at preventing and mitigating the risks of accidents, injuries, and fatalities on roadways, ensuring the safety of pedestrians, cyclists, motorcyclists, and various vehicle operators. Vehicle radar systems integrated with radar-based advanced driver assistance systems (ADAS) play a pivotal role in offering features such as adaptive cruise control, collision avoidance systems, and blind-spot detection. These systems provide warnings and automate driving tasks, significantly reducing car accidents caused by human error, thereby contributing to enhanced road safety. For instance, statistics from June 2022 by the World Health Organization indicate an annual toll of nearly 1.3 million fatalities due to road traffic injuries. Thus, the growing concerns related to road safety constitute a driving force behind the expansion of the vehicle radar test system market.
Limited adoption of advanced driver assistance systems (ADAS) is expected to harm the growth of the vehicle radar test system market during the historic period. The limited adoption of ADAS in some vehicles hampers the vehicle radar test system market, as it reduces the immediate demand for radar testing solutions, particularly in non-premium vehicle segments. For instance, in September 2023, according to EE Times Europe, a Germany-based publication service provider, the practical adoption of light detection and ranging (LiDAR) in automotive applications was still limited despite increasing integration by automotive original equipment manufacturers (OEM). LiDAR is one of the three ADAS sensor types (vision, radar, and LiDAR) required to achieve Levels 4 and 5 of vehicle automation. Therefore, limited adoption of advanced driver assistance systems (ADAS) can hurt vehicle radar test system market growth.
Key players within the vehicle radar test system market are actively developing cutting-edge solutions, such as radar scene emulators, as part of their strategic efforts to maintain a competitive advantage. A radar scene emulator is a sophisticated technology designed to replicate authentic driving conditions, enabling the comprehensive testing of radar sensors and associated backend software. In a notable development from December 2021, Keysight Technologies Inc., a prominent US-based manufacturer specializing in electronic test measurement equipment and software, introduced its Radar Scene Emulator. This groundbreaking solution stands out due to its capacity to construct a scalable emulation screen capable of representing up to 512 objects, each spaced 1.5 meters apart, utilizing numerous minor radio frequency (RF) front ends. By offering complete scene emulation, it enables automotive original equipment manufacturers (OEMs) to conduct intricate real-world scenario assessments within laboratory settings. Leveraging the radar scene emulator, OEMs can simulate diverse driving situations encompassing varying traffic densities, speeds, distances, and total target volumes, facilitating swift and accurate testing of automotive radar sensors integral to self-driving vehicle systems.
In April 2023, Emerson Electric Co., a leading provider of engineering solutions based in the United States, finalized the acquisition of National Instruments (NI) for $8.2 billion. This strategic acquisition is anticipated to bolster Emerson's automation capabilities significantly and open doors for expansion into diverse and burgeoning discrete end markets. Emerson's primary objective with this acquisition is to offer clients early-stage access to the design and validation phases of product development. Notably, National Instruments Corporation, prior to the acquisition, was a US-based firm specializing in automated test equipment and virtual instrumentation software, including solutions tailored for vehicle radar testing systems.
Major companies operating in the vehicle radar test system market report are Continental AG, Infineon Technologies AG, TDK Corporation, Autoliv Inc., KEYCOM Corp, Bureau Veritas SA, Keysight Technologies Inc., Intertek Group Plc, Advantest Corporation, Teradyne Inc., Rohde & Schwarz GmbH & Co. KG, TUV Rheinland, National Instruments Corporation, Anritsu Corporation, Spirent Communications Plc, Teledyne LeCroy, Vector Informatik GmbH, Averna Technologies Inc., MVG-EMC, Konrad GmbH, CETECOM GmbH, ARCTOS Technology Solutions LLC, Anokiwave Inc., Roos Instruments Inc., NOFFZ Technologies GmbH
North America was the largest region in the vehicle radar test system market in 2023. The regions covered in the vehicle radar test system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the vehicle radar test system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The vehicle radar test system market consists of revenues earned by entities by providing testing services such as type approval, certification, and inspection of the safety, usability, and quality of vehicles, systems, and components. The market value includes the value of related goods sold by the service provider or included within the service offering. The vehicle radar test system market also includes sales of radar sensors, modules, and systems that are used in providing vehicle radar test services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Vehicle Radar Test System Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on vehicle radar test system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for vehicle radar test system? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The vehicle radar test system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.