Press release
Automotive Radar Market: Distinctive graphics and analysis of major market segments
The automotive radar market is characterized by the presence of a number of prominent players including InnoSenT GmbH, Baumer, GM Cruise LLC., Magna International Inc., Denso Corporation, Continental AG, Mando Corp., ZF Friedrichshafen AG, Autoliv Inc., and Robert Bosch GmbH. Transparency Market Research expects the automotive radar market to be worth almost US$ 4.9 billion by the year 2026.
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The long range segment had a revenue share approaching that of 50% in the automotive radar market by range type. An absolute dollar opportunity of slightly under US$ 1.7 billion between 2017 and 2026 is waiting to be tapped in the long range segment of the automotive radar market.
The highly automated radar segment is predicted to gain massive share over the duration of the study making it well worth the while of companies looking to enter the automotive radar market. Europe alone represents a market size of slightly over US$ 800 million in the highly automated segment of the automotive radar market at the end of 2026.
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There is a close battle for second place in the highly automated segment between North America and APEJ with the former inching ahead in 2026. However, APEJ is predicted to witness a higher CAGR for the period analyzed
The adaptive cruise control segment has a sizeable revenue share in the automotive radar market but is unlikely to grow in the near future. The adaptive cruise control segment may be worth just under US$ 1.6 billion by 2026 with the bulk of demand being from Europe. The Europe adaptive cruise control segment is assessed to be larger than both North American and APEJ combined at the end of 2026 making it unsurprising if companies decide to overlook the latter in favor of the former.
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