Press release
Automotive Radar Market Is Predicted To Witness Growth Exponentially By 2032
Automotive Radar Market
Automotive Radar Market Size, Growth Rate, And Forecast
The global automotive radar market size grew from $5.05 billion in 2022 to $6.05 billion in 2023 at a compound annual growth rate (CAGR) of 19.9%. The automotive radar market size is expected to grow to $11.94 billion in 2027 at a CAGR of 18.5%.
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Automotive Radar Market Drivers
The rising number of road accidents is expected to propel the growth of 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.
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Automotive Radar Market Segments
• By Vehicle Type: Passenger Car, Commercial Vehicle
• By Range: Long-Range Radar (Lrr), Short And Medium-Range Radar (S&Mrr)
• By Frequency: 24 Ghz, 77 Ghz, 79 Ghz
• By Application: Adaptive Cruise Control (Acc), Autonomous Emergency Braking (Aeb), Blind Spot Detection (Bsd), Forward Collision Warning System, Intelligent Park Assists, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the automotive radar market.
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Automotive Radar Market Key Players
Major competitors in the automotive radar market include 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 Business Research Company's "Global Automotive Radar Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Radar Market 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
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