Vehicle Radar Test System Market Outlook - 2027
The increasing installations of radar sensors and advanced driver assistance systems (ADAS) sub-systems have led to the introduction of vehicle radar test systems (VRTS) as vehicle radar test systems. This system can be used for radio frequency (RF) measurement and for testing both hardware and software subsystems of an automobile including embedded software, advanced driver assistance systems (ADAS) systems, and radar sensors. The vehicle radar test system effectively configures advanced driver assistance systems (ADAS) systems to improve the safety and reliability of vehicles. The vehicle radar test systems enable automated radar measurement and obstacle simulation capabilities for vehicular radar systems. A vehicle radar test system also assists an engineer during the development process of a radar system from R&D to its high-volume manufacturing test & enables him to deliver robust autonomous driving technology to comply with evolving regulatory requirements. The increasing demand for radar sensors all across the globe is expected to grow the vehicle radar test system market in the forecast period.
COVID-19 scenario analysis:
- The global pandemic occurred at a time when both the developing economies and the automotive industry were hoping for a recovery in the market.
- The onset of Covid-19 will have a negative impact on the automotive industry even after lockdown, further decline in vehicle demand is expected with discretionary spend taking a backseat.
- The supply chain is expected to adapt quickly as China is coming back faster than normal, extended supply chain visibility at the highest level is the biggest risk mitigation factor that will affect productivity.
- The impact of COVID on the economy & automotive industry could vary depending on the intensity, duration, and spread of the outbreak.
Top impacting factors: Scenario Analysis, Trends, Drivers and Impact Analysis
The factors such as increasing demand for autonomous driving and the advancement in the advanced driver assistance systems (ADAS technology is expected to fuel the market growth. However, the lack of required infrastructure in developing countries can hamper the growth of the market. Furthermore, the emergence of autonomous vehicles and 4d imaging radar and advancements in providing accurate angular information can create new opportunities in the vehicle radar test systems market.
The vehicle radar test systems market trends are as follows:
The increasing demand for autonomous driving and safe commercial vehicles
The global expansion and adoption of radar sensor simultaneously boosts the demand of vehicle radar test system, acting as a primary driver for the global vehicle radar test system market. Furthermore, the expected introduction of fully automated vehicles in the forecast period will also drive the overall vehicle radar test system market.
The advancement in the advanced driver assistance systems (ADAS) technology
The advanced driver assistance systems (ADAS) has significantly grown in the last few years with the ability to classify objects with features such as ACC, AEB, lane keep assist, lane departure warning, and others. Using a single-lens camera, which makes it cost-effective also is the primary reason that drives the growth of the commercial vehicle & off-highway radar market. Increase in usage of single lens camera has lowered the overall cost of ADAS system, which also boosted the adoption of ADAS system in lower end cars. Thus, such advancements in ADAS are expected to propel the market growth.
Key segments covered:Key benefits of the report:
- This study presents the analytical depiction of the vehicle radar test systems market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the vehicle radar test systems market share.
- The current market is quantitatively analyzed to highlight the vehicle radar test systems market scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed vehicle radar test systems market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions answered in the vehicle radar test systems market research report:
- What are the leading market players active in the vehicle radar test systems market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Vehicle Radar Test System Market Report Highlights
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 Key Market Players | NOFFZ Technologies, SAE International, ZF Friedrichshafen, Anritsu Corporation, Continental AG, Magna International, KEYCOM Corp., Konrad GmbH, National Instruments, Robert Bosch |
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