Global Commercial Vehicle and Off-Highway Radar Industry

Global Commercial Vehicle and Off-Highway Radar Industry

  • April 2021 •
  • 177 pages •
  • Report ID: 6031163 •
  • Format: PDF
Abstract:
- Global Commercial Vehicle and Off-Highway Radar Market to Reach $681 Million by 2027
- Amid the COVID-19 crisis, the global market for Commercial Vehicle and Off-Highway Radar estimated at US$148.3 Million in the year 2020, is projected to reach a revised size of US$681 Million by 2027, growing at aCAGR of 24.3% over the period 2020-2027. Commercial Vehicle, one of the segments analyzed in the report, is projected to record 23.5% CAGR and reach US$398.8 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Off-Highway Vehicle segment is readjusted to a revised 25.6% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $44.4 Million, While China is Forecast to Grow at 23.8% CAGR
- The Commercial Vehicle and Off-Highway Radar market in the U.S. is estimated at US$44.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$118.6 Million by the year 2027 trailing a CAGR of 23.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.4% and 20.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 17.2% CAGR.

- Select Competitors (Total 42 Featured) -
  • AImotive
  • Aisin Seiki Co. Ltd.
  • Ambarella Inc.
  • Analog Devices, Inc.
  • Aptiv
  • Arm Holdings
  • Autoliv
  • Continental AG
  • Denso Corporation
  • Elektrobit
  • Gentex Corporation
  • Harman International
  • Hella Kgaa Hueck & Co
  • Hitachi
  • Infineon Technologies AG
  • Magna International Inc.
  • Maxim Integrated
  • Mitsubishi Electric Corporation
  • NVIDIA Corporation
  • Nxp Semiconductors N.V.
  • Panasonic
  • Robert Bosch GmbH
  • Texas Instruments
  • Valeo
  • ZF Friedrichshafen AG