Automotive Radar Market is Estimated to Cross a Worth of 8.20 Billion & Expand at CAGR of 10.5% through 2032

The global Automotive Radar Market was valued at USD 3.34 Billion in 2023 to USD 8.20 Billion by 2032, disclosing a CAGR of 10.5% during the forecast period of 2024-2032.

According to a new market research report published by Polaris Market Research, the global automotive radar market is expected to grow at a CAGR of 10.5% from 2024-2032. The increasing approval of autonomous vehicles and self-driving cars is anticipated to offer several growth possibilities for the market.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/global-automotive-radar-market/request-for-sample

Radar is a popular technology that depends on disbursing and obtaining electromagnetic waves to estimate, find, and pinpoint impediments in the environment. Radar is particularly designated for automotive applications as vehicles are considered reflectors for electromagnetic waves, and therefore, their span, location, and acceleration can be set precisely. In automotive surroundings, Frequency Modulated Continuous Wave (FMCW) radar is utilized in varied frequency bands, relying on the application. It involves one or more radar MMIC transceivers linked to escalated performance processing units.

The market is observing substantial growth owing to the burgeoning automotive industry and increasing demand for luxury vehicles. Besides, the increasing congestion and growing requirement to enhance road safety have rushed the acquisition of automotive radars.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

• Delphi Automotive PLC
• Denso Corporation
• Continental AG
• Infineon Technologies AG
• Analog Devices Inc
• ZF Friedrichshafen AG
• Robert Bosch GmbH
• NXP Semiconductors
• Texas Instruments Incorporated
• Autoliv Inc.
• Hella KGaA Hueck & Co

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/127/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

• The market for automotive radar is segmented depending on range, vehicle type, sales channel, frequency, application, and region.

• By range, medium range segment witnessed a sharp rise due to the technologies being unsegregated with security systems to provide characteristics such as conglomerated traffic deterrent, park assist, and lane change help.

• By vehicle type, the passenger vehicle segment dominated the market due to the growing consciousness of vehicle security among moderate car owners.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/global-automotive-radar-market

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐑𝐚𝐝𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• The medium range radar market has the largest growth in terms of range, owing to their increasing use in a variety of applications like as blind spot detection, lane change assist, and park assist, among others.

• The passenger car sector is expected to lead the market, owing to the increasing availability of radar-based safety systems in mid-priced passenger vehicles.

• Adaptive Cruise Control (ACC) have the highest market share due to escalating safety concerns in emerging automotive markets such as India and China.

• The European region has the highest market size, which may be ascribed to stricter safety standards and NCAP ratings. Because of the quick adoption of radar-based safety features and increased vehicle manufacturing, the Asia Pacific area is expected to develop at the fastest CAGR.

• The global key market players include Delphi Automotive PLC, Denso Corporation, Continental AG, Infineon Technologies AG, Analog Devices, Inc, ZF Friedrichshafen AG, Robert Bosch GmbH, NXP Semiconductors, Texas Instruments Incorporated, Autoliv Inc., and Hella KGaA Hueck & Co.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

• 𝐒𝐩𝐢𝐧𝐞 𝐁𝐢𝐨𝐥𝐨𝐠𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3421196/spine-biologics-market-to-be-driven-by-the-growing-industries

• 𝐁𝐏𝐚𝐚𝐒 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3421200/bpaas-market-size-analysis-innovation-focus-on-business

• 𝐍𝐞𝐱𝐭-𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐅𝐢𝐫𝐞𝐰𝐚𝐥𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3418676/next-generation-firewall-market-set-to-reach-usd-11-78-billion

• 𝐃𝐞𝐧𝐭𝐚𝐥 𝟑𝐃 𝐏𝐫𝐢𝐧𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3421203/dental-3d-printing-market-predicted-to-reach-usd-12-35-billion

• 𝐀𝐮𝐭𝐨𝐧𝐨𝐦𝐨𝐮𝐬 𝐓𝐫𝐚𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3421210/autonomous-train-market-analysis-growth-by-top-companies-trends

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
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New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

This release was published on openPR.