Automotive Radar Market Report, Segmentation by Product Type, End User, Regions 2029

Global Automotive Radar Market Report Overview

The report provides a comprehensive analysis of the current and future Global Automotive Radar market scenario, including insights and updates on the key sectors. The report also provides an analysis of the demand for Global Automotive Radar products and services across the world, as well as the manufacturing, income generation, sales, and revenue of the Global Automotive Radar market. It also provides a fundamental analysis of the Global Automotive Radar market, including the drivers, opportunities, trends, and restraints that are shaping the market.

The Global Automotive Radar Market size was valued at USD 5.17 Bn in 2022 and is expected to reach USD 11.87 Bn by 2029, at a CAGR of 12.6 %.

Global Automotive Radar Market Report Scope and Research Methodology

A combination of primary and secondary data has been used to gather information about the Global Automotive Radar market for the report. Primary data is collected through interviews with Global Automotive Radar industry experts and stakeholders, while secondary data is collected from government agencies, trade associations, and industry publications. It has used a bottom-up approach to estimate the Global Automotive Radar market size. This approach involves starting with the individual market segments and then aggregating them to arrive at the overall Global Automotive Radar market size. The report also provides detailed information on the capacity, manufacturing, price, cost, revenue, and market statistics, which helps stakeholders understand the financial performance of the key players in the Global Automotive Radar industry.

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Global Automotive Radar Market Regional Insights

North America commands a significant share within the Automotive Radar market, representing a substantial portion of this industry. This region is characterized by a well-established automotive radar sensors market, with prominent automotive radar companies and manufacturers. The extensive adoption of automotive radar technology in North America is primarily propelled by stringent safety regulations, growing consumer demand for Advanced Driver Assistance Systems (ADAS), and a pronounced focus on automotive radar applications. These applications encompass crucial functions like collision avoidance and adaptive cruise control. Additionally, the emphasis on the development and integration of radar-based software has invigorated the Automotive Radar Industry Analysis within this region.

Europe also holds a substantial role in the global Automotive Radar market, boasting a noteworthy market share. The European market is renowned for its innovative strides in radar technology, housing several key automotive radar manufacturers and companies. Europe's Automotive Radar Industry Analysis benefits from the robust presence of safety regulations and standards, particularly exemplified by the European New Car Assessment Programme (Euro NCAP). The embrace of radar technology in Europe is largely fuelled by the demand for advanced ADAS features, further enhancing the region's market share. The ongoing development and integration of automotive radar software continue to be significant drivers in Europe, amplifying the scope and sophistication of radar applications in the automotive sector in various countries of Europe such are United Kingdom, France, Germany, Spain, Sweden, Austria and Italy.

Global Automotive Radar Market Segmentation

by Range Type

Long Range
Medium Range
Short Range

Short-Range Radar (SRR): Short-range radar sensors are a pivotal component within the automotive radar market. These sensors are employed for proximity sensing and collision avoidance applications, making them indispensable for parking assistance and low-speed scenarios. The growing demand for advanced driver assistance systems (ADAS) has amplified the market share for short-range radar sensors. Medium-Range Radar (MRR): Medium-range radar sensors are a crucial aspect of the automotive radar market, serving the purpose of adaptive cruise control (ACC) and collision warning systems. The advent of these sensors has facilitated the development of semi-autonomous vehicles, thereby contributing to their steady market growth.

by Vehicle Type

Commercial Vehicles
Passenger Vehicle

Automotive Radar market is sub-segmented into Commercial vehicle and Passenger vehicle. The passenger vehicle segment is expected to grow faster than the commercial vehicle market. The growing awareness of vehicle safety among mid-priced vehicle owners is the key element driving this segment's rise. According to OICA, worldwide passenger automobile sales increased by 4.5 % in 2022 compared to 2022. Major luxury car manufacturers such as Mercedes-Benz and BMW had a large boost in sales in 2022, with 2.08 million and 2.3 million units sold, respectively. The automotive radar market is likely to grow throughout the forecast period as more passenger cars are fitted with radar-based safety systems.

by Application

Adaptive Cruise Control (ACC) Market
Autonomous Emergency Braking (AEB) Market
Blind Spot Detection (BSD) Market Forward Collision Warning System Market
Intelligent Park Assist Market
Other ADAS Applications Market

Adaptive Cruise Control (ACC): Adaptive cruise control applications have garnered significant attention in the automotive radar market. Radar sensors enable vehicles to maintain a safe following distance from the vehicle ahead, enhancing both safety and driving comfort. Blind-Spot Detection (BSD): Radar sensors used for blind-spot detection are instrumental in improving road safety by alerting drivers to vehicles in their blind spots. This application segment plays a crucial role in enhancing driver awareness and reducing accidents. Lane Departure Warning (LDW): The automotive radar market witnesses a growing demand for radar sensors in lane departure warning systems.

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Global Automotive Radar Market Key Players

1. AISIN CORP.
2. Arbe Robotics Ltd
3. AU Inc
4. Autoliv Inc.
5. Bosch Mobility Solutions
6. Banner Engineering Corp.
7. Continental AG
8. DENSO Corp.
9. Eravant
10. Faurecia SE
11. Infineon Technologies AG
12. MediaTek Inc.
13. NXP Semiconductors NV
14. Renesas Electronics Corp.
15. Rohde and Schwarz GmbH and Co. KG
16. S.m.s Smart Microwave Sensors GmbH
17. Texas Instruments Inc.
18. Tsien UK Ltd
19. Vayyar Imaging Ltd.
20. Analog Devices Inc,
21. Aptiv plc, Autoliv Inc.,
22. Denso Corporation,
23. HELLA GmbH & Co.
24. KGaA
25. Infineon Technologies AG,
26. NXP Semiconductors,
27. Robert Bosch GmbH,
28. Valeo,
29. ZF Friedrichshafen AG.

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Key questions answered in the Global Automotive Radar Market are:

What are Global Automotive Radar market segments?
What is the expected Global Automotive Radar market size by the end of the forecast period?
What is the expected CAGR of the Global Automotive Radar market during the forecast period?
What are the emerging trends in the Global Automotive Radar Market?
What are the factors contributing to the final price of Global Automotive Radar?
What are the major challenges that the Global Automotive Radar Market could face in the future?
Key Offerings:

Market Share, Size & Forecast by Revenue | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation - A detailed analysis by Route of administration, Application, Facility of use and Region and Region
Competitive Landscape - Top Key Vendors and Other Prominent Vendors
PESTLE Analysis and Porter's Five Forces Analysis
Key Findings
Analyst Recommendations
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