Press release
Vehicle Radar Test System Market Key Drivers, Insights, Outlook, and Comprehensive Market Research Report 2024-2033
Vehicle Radar Test System Market
The Business Research Company offers in-depth market insights through Vehicle Radar Test System Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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..
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Market Segmentation:
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 Driver - Autonomous Vehicle Adoption Driving Growth In Vehicle Radar Test System Market
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.
Competitive Landscape:
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
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Top Trend - Innovative Radar Scene Emulators Enhance Competitiveness
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Vehicle Radar Test System Market Characteristics
3. Vehicle Radar Test System Market Trends And Strategies
4. Vehicle Radar Test System Market - Macro Economic Scenario
5. Vehicle Radar Test System Market Size And Growth
…..
27. Vehicle Radar Test System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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