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Automotive Radar Market 2023-2032 : Industry Analysis, Size, Share, Growth And Forecast | Analog Devices Inc., Autoliv Inc., Continental AG, DENSO Corporation, NXP Semiconductors, BorgWarner Inc
Automotive Radar Global Market Report
The Business Research Company's Automotive Radar Global Market Report 2023 identifies the rising number of road accidents is expected to propel the growth of the automotive radar market going forward. 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.
The global automotive radar market size will grow from $5.05 billion in 2022 to $6.05 billion in 2023 at a compound annual growth rate (CAGR) of 19.9%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of automotive radar market is expected to grow to $11.94 billion in 2027 at a CAGR of 18.5%.
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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.
A key trend in the Automotive Radar market includes the Technological innovations are the key trend gaining popularity in the automotive radar market. Major companies operating in the market are introducing new technologies to increase their market share.
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The 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
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.
The Business Research Company's "Global Automotive Radar Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
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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