The size of the automotive radar market was estimated at USD 5.27 billion in 2023, and it is anticipated that the market would generate roughly USD 32.02 billion by 2030, growing at a compound annual growth rate (CAGR) of 29.42% from 2024 to 2030.
Automotive Radar Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Automotive Radar Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Automotive Radar market, with forecasts outspreading to the year 2030.
Automotive Radar Market Scope and Methodology:
The market research report Automotive Radar provides comprehensive details on important factors, including those anticipated to drive the industry's growth and impending obstacles. Stakeholders will have a solid understanding of the investment potential in the Automotive Radar market, the industry's competitive environment, and the products pushed by well-known brands. The research examines the sector's qualitative and quantitative aspects. Part of what the MMR probe looks into is a thorough analysis of the competition for the Automotive Radar Market.
A lengthy list of needs is included in the study, along with a detailed explanation for each. When creating the Automotive Radar Market, a wide range of primary and secondary information sources were taken into account, including official government documents, websites, annual reports, and expert and professional comments.
Automotive Radar Market Regional Insights
In this report, the market size, growth rate, import and export by region, and other pertinent facts are all carefully examined. It is simple to comprehend the Automotive Radar market conditions in various nations thanks to the research's regional analysis. The Automotive Radar market is composed of markets in North America, Europe, South America, Asia Pacific, and the Middle East.
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Automotive Radar Market Segmentation
by Range
Long Range
Medium Range
Short Range
Type of Range: SRR (Short-Range Radar): One essential part of the automotive radar market is short-range radar sensors. These sensors are essential for parking assistance and low-speed situations since they are used for proximity detection and collision avoidance applications. The market share of short-range radar sensors has increased due to the rising demand for advanced driver assistance systems (ADAS).
by Vehicle
Commercial Vehicles
Passenger Vehicle
The automotive radar market is divided into two segments: passenger vehicles and commercial vehicles. It is anticipated that the passenger car sector will expand more quickly than the commercial vehicle market. The main factor propelling the growth of this market segment is the rising awareness of vehicle safety among owners of mid-range vehicles. Global passenger car sales rose 4.5% in 2022 compared to 2022, according to OICA. Sales of premium automobiles increased significantly in 2022 for Mercedes-Benz and BMW, which sold 2.08 million and 2.3 million units, respectively.
by Frequency
24 GHz
77 GHz
by Application
Adaptive Cruise Control (ACC)
Autonomous Emergency Braking (AEB)
Blind Spot Detection (BSD)
Forward Collision Warning System
Intelligent Park Assist
Other ADAS Applications
Adaptive Cruise Control (ACC): The automotive radar market has shown a great deal of interest in adaptive cruise control applications. Radar sensors improve safety and driving comfort by allowing cars to keep a safe following distance from the car in front of them. By warning drivers of cars in their blind zones, radar sensors used for blind-spot detection (BSD) significantly increase road safety.
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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
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Key questions answered in the Automotive Radar Market are:
- What is Automotive Radar?
- What was the Automotive Radar market size in 2023?
- What is the growth rate of the Automotive Radar Market?
- Which are the factors expected to drive the Automotive Radar market growth?
- What is the CAGR at which the Automotive Radar market will grow during the forecast period?
- What are the different segments of the Automotive Radar Market?
- Which is the fastest growing region in the Automotive Radarmarket?
- What growth strategies are the players considering to increase their presence in Automotive Radar?
- What are the upcoming opportunities and trends for the Automotive Radar Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Radar Market?
- Who are the leading companies and what are their portfolios in Automotive Radar Market?
- What segments are covered in the Automotive Radar Market?
- Who are the key players in the Automotive Radar market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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