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Automotive Radar Market Analysis And Forecast 2031 | Trends, Demand, Growth, Research | Analog Devices Inc., Autoliv Inc., Continental AG, DENSO Corporation, NXP Semiconductors
Automotive Radar Market Research
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The global automotive radar market report by the business research company identifies the rising number of road accidents is expected to be a major growth driver for the Automotive Radar market. Accidents caused due to traffic collisions, negligence, or other reasons leading to injury or death of persons involved are referred to as road accidents. Automotive radar is one of the several sensor systems for collision avoidance, and pedestrian and cyclist detection, and it complements vision-based cameras, which help to detect vehicles and help to reduce accidents. For instance, according to data by the National Crime Records Bureau (NCRB), an India-based government agency, India recorded 3,54,796 cases of road accidents in 2020, of which 1,33,201 people died and another 3,35,201 were injured. Also, according to a report by the World Health Organization, a Switzerland-based agency of the United Nations responsible for international public health, in the year 2021, approximately 1.3 million people died as a result of road accidents. Therefore, the rising number of road accidents is driving the growth of the automotive radar market in the upcoming years.
The global automotive radar market size is expected to grow from $4.14 billion in 2021 to $4.97 billion in 2022 at a compound annual growth rate (CAGR) of 20%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The automotive radar market is expected to reach $9.45 billion in 2026 at a CAGR of 17.4%.
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Asia-Pacific was region with the largest share in the automotive radar market in 2021. The regions covered in the automotive radar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the automotive radar market are Analog Devices Inc., Autoliv Inc., Continental AG, DENSO Corporation, NXP Semiconductors, BorgWarner Inc., Robert Bosch GmbH, Texas Instruments, Valeo, Infineon Technologies AG, ZF Friedrichshafen AG, HELLA GmbH & Co. KGaA, TE Connectivity Ltd., Aptiv plc, Onsemi, Veoneer Inc.
The global automotive radar market is segmented -
1) By Vehicle Type: Passenger Car, Commercial Vehicle
2) By Range: Long-Range Radar (LRR), Short And Medium-Range Radar (S&MRR)
3) By Frequency: 24 GHz, 77 GHz, 79 GHz
4) By Application: Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Blind Spot Detection (BSD), Forward Collision Warning System, Intelligent Park Assists, Other Applications
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The Automotive Radar Market Report Contents Include
1. Executive Summary
2. Automotive Radar Market Characteristics
3. Automotive Radar Market Trends And Strategies
4. Automotive Radar Market - Macro Economic Scenario
5. Automotive Radar Market Size And Growth
....
26. Africa Automotive Radar Market
27. Automotive Radar Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Radar Market
29. Automotive Radar Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the automotive radar market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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