The Vehicle Radar Test System Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Vehicle Radar Test System Global Market Report 2024, 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 in the historic period can be attributed to rise in autonomous vehicle development, need for accurate collision avoidance systems, consumer demand for advanced safety features, increasing integration of radar in vehicles, 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 growth in the forecast period can be attributed to development of millimeter-wave radar, increased focus on cybersecurity, focus on real-time testing, environmental testing requirements, increased penetration of electric vehicles.. Major trends in the forecast period include integration of ai and machine learning, advanced driver assistance systems (adas), advancements in automotive radar technology, multi-sensor testing, 5g connectivity integration..
The growing use of autonomous vehicles is expected to boost the growth of the vehicle radar test system market going forward. An autonomous vehicle is a vehicle that can function independently of human control, sense its environment, and operate without human input. Autonomous vehicles use vehicle radar test systems to verify the operation of automobile radar sensors in safety-critical applications, including advanced driver assistance systems (ADAS) and autonomous driving (AD). For instance, in December 2022, according to the Insurance Institute for Highway Safety, a US-based non-profit organization, around 3.5 million autonomous vehicles are expected to be on American roads by 2025 and 4.5 million by 2030. Therefore, the growing use of autonomous vehicles is driving the growth of the vehicle radar test system market.
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The vehicle radar test system market covered in this report is segmented –
1) By Components: Vector Signal Transceiver(VST), Variable Delay Generator(VDG), PXI Controller, Antennae
2) By Vehicle Type: Passenger Cars, Commercial Vehicle
3) By Frequency Band: X-Band, K-Band, Other Frequency Brands
4) By Application: Research And Development, Radar Module Manufacturing, Vehicle Manufacturing, Other Applications
Major companies operating in the vehicle radar test system market are developing advanced vehicle radar testing solutions, such as the radar scene emulator, to gain a competitive edge. A radar scene emulator is a technology that simulates real-world driving scenarios to test radar sensors and back-end software. For instance, in December 2021, Keysight Technologies Inc., a US-based electronic test measurement equipment and software manufacturer, launched the Radar Scene Emulator. This solution’s unique feature is how it assembles a scalable emulation screen that can depict up to 512 objects at 1.5-meter separations between them using hundreds of minor radio frequency (RF) front ends. It offers full-scene emulation to automobile original equipment manufacturers (OEM) so they may test complicated, real-world scenarios in the lab. Using the radar scene emulator, the original equipment manufacturer (OEM) can simulate actual driving situations with varying traffic density, speed, distance, and total number of targets in the lab. Keysight’s Radar Scene Emulator helps users quickly test automotive radar sensors that are a part of self-driving car systems in extremely complicated multi-target scenarios.
The vehicle radar test system market report table of contents includes:
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