Automotive Radar Market Dynamics Key Players, Demand Trends, and Future Forecasts 2030 | Continental AG, Denso Corporation, Robert Bosch GmbH

Automotive radar systems use radio waves to detect objects around vehicles and make measurements. They are increasingly being integrated into advanced driver assistance systems and autonomous driving functions for accident prevention, adaptive cruise control, and blind spot detection.

The automotive RADAR market size is projected to grow from $4.74 billion in 2023 to $9.51 billion by 2030, at a CAGR of 10.5%

Market Dynamics:

The automotive radar market is witnessing high growth owing to the increasing adoption of advanced driver-assistance systems (ADAS) and autonomous driving technologies by automotive OEMs globally. RADAR systems are a critical sensor for most ADAS applications such as adaptive cruise control, blind spot detection, and automatic emergency braking. Stringent safety regulations mandating the integration of basic ADAS features in new vehicles will further support the growth of automotive radars. Additionally, continuous technology advancements enabling high-resolution imaging and multi-beam radar solutions are enhancing the functionalities of these systems. For instance, high-resolution 3D imaging radar can provide better object identification compared to traditional radars. This is further augmenting their demand.

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Automotive Radar Market Drivers, Restrains, Opportunities and Trends

Increasing Demand for Advanced Driver Assistance Systems is Driving the Market Growth
Advanced driver assistance systems (ADAS) are increasingly being adopted by automakers to enhance safety and assist drivers. Features such as adaptive cruise control, automatic emergency braking, lane departure warning, blind spot monitoring etc. rely on automotive radar to sense the vehicle's surrounding environment. With governments across regions mandating the integration of such safety features in new vehicles, the demand for automotive radar is growing steadily. According to recent surveys, over 50% of new vehicles sold globally in 2025 will be equipped with at least Level 1 driver assistance systems. This increasing penetration of ADAS technologies is a major factor propelling the automotive radar market.

Key Company Profiles:

Continental AG, Denso Corporation, Robert Bosch GmbH, Infineon Technologies AG, Valeo, NXP Semiconductors, HELLA KGaA Hueck & Co., Texas Instruments Incorporated (TI), Autoliv Inc., and ZF Friedrichshafen AG.

Market segmentation:

By Range Type

Long Range RADAR (LRR)
Short & Mid-Range RADAR (S&MRR)
By Frequency Type

2X-GHZ
7X GHZ
By Application

Adaptive Cruise Control
Autonomous Emerging Braking
Blind Spot Detection
Forward Collision Warning System
By Vehicles

Commercial Vehicles
Economic Passenger Vehicle
Luxury Passenger Vehicles
Mid-Price Passenger Vehicle
By Distribution Channel

OEM
Aftermarket

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This Report lets you identify the opportunities in Automotive Radar Market by means of a region:

⦿ North America (the United States, Canada, and Mexico)
⦿ Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
⦿ Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
⦿ South America (Brazil etc.)
⦿ The Middle East and Africa (North Africa and GCC Countries)

Strict Emission Regulations Poses a Challenge for Market Adoption

Radar sensors add to the weight and cost of a vehicle. Additionally, the circuitry and components used in radar systems contribute to emissions during manufacturing. With governments imposing stringent fuel efficiency and carbon emission standards, automakers are under pressure to reduce vehicle weight and minimize environmental footprint. Integrating additional sensing technologies impacts mileage and increases complexity. Meeting compliance with emission norms poses a technological challenge for radar manufacturers and acts as a restraint for widespread adoption, especially in price sensitive markets.

Growing Demand for Fully Autonomous Vehicles Present Lucrative Opportunities

Major automakers and tech companies are heavily investing in research and development of self-driving vehicles. Considered the next big disruption in the mobility industry, autonomous vehicles rely on a suite of technologies including high-resolution long and short range radars, camera, ultrasonic and LiDAR sensors to safely drive and manoeuvre on roads independently. As autonomous driving transitions from levels 3 to 5 over the coming decade, the demand for more advanced high-performance automotive radars is expected to surge. This growing shift towards driverless cars presents a multi-billion-dollar market opportunity for radar manufacturers.

Emergence of 5G Automotive Radars is Transforming Market Landscape

5G connectivity is opening up new possibilities for vehicle sensors and systems. The latest generation of automotive radars dubbed as 5G radars leverage faster data transfer speeds and lower latency of 5G networks to detect objects with higher resolution and accuracy even at longer distances. Features such as Vehicle-to-Everything (V2X) communication, advanced over-the-air updates and connectivity with roadside infrastructure are revolutionizing radar capabilities. Leading OEMs have already began integrating 5G radars with upgraded sensing and computing capabilities. This trend towards development and adoption of next-gen 5G automotive radars is profoundly altering the industry dynamics and innovation landscape.

Key questions answered in the report include:

ᗒ How Automotive Radar Market industry market will boom in 2023?

ᗒ which are prominent key players will be growing the market?

ᗒ Which enterprise size accounted for the largest data center colocation market share?

ᗒ What is the Compound Annual Growth Rate(CAGR) of the market during the forecast period (2023-2030)?

ᗒ What is the primary factor contributing to the growth of the market?

ᗒ Which region held the largest market share in the market?

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