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Automotive Imaging Radar Sensors Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

04-14-2025 05:20 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

Automotive Imaging Radar Sensors - Market Size

The global market for Automotive Imaging Radar Sensors was estimated to be worth US$ 801.3 million in 2023 and is forecast to a readjusted size of US$ 1009.3 million by 2030 with a CAGR of 3.4% during the forecast period 2024-2030.

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Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.

By Type
• Short-Range Radar (SSR)
• Mid-Range Radar and Long-Range Radar (MRR/LRR)

By Application
• Commercial Vehicle
• Passenger Car

Key Companies
Continental, NXP Semiconductors, ZF Friedrichshafen AG, Infineon Technologies, Hella, Denso, Lockheed Martin, Raytheon Company

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