Industry Overview
By 2030, The Global Automotive Radar Market is estimated to be worth USD 14.6 billion, with a CAGR of 21.5 percent. Strong legislation and favorable policies in the field of radar systems have been in place to encourage the widespread adoption of radar-based safety systems and this trend will continue over the forecast era. Safer mobility of vehicles is, therefore, the primary concern of every government. The introduction of automotive radar allows objects to be tracked reliably and ensures improved protection for automobiles. Factors driving the growth of the automotive radar market are the increasing number of accidents and the increasing need for updated vehicles, which can minimize the accident rate.
Market Segmentation
Based on Application
Based on application, the automotive radar market is segmented into RADAR Based Adaptive Cruise Control (ACC) Market, RADAR Based Autonomous Emergency Braking (AEB) Market, RADAR Based Blind Spot Detection (BSD) Market, RADAR Based Forward Collision Warning System Market and RADAR-Based Intelligent Park Assist Market. By 2030, the global demand for automotive blind spot detection systems is expected to hit USD 6.64 billion. Strict government norms and requirements relating to vehicle safety would contribute to the implementation of BSDs during the manufacturing and development process.
By Frequency Type
By frequency type the automotive radar is segregated into 2X-GHZ Systems and 7X-GHZ. During the forecast era, the 7X-GHz RADAR sensor in the segment-by-frequency band is expected to lead the global automotive radar market. The advantages provided by these sensors in various ADAS applications account for the high demand for the 7X-GHz RADAR sensor. Adaptive cruise control, emergency braking, and collision avoidance systems, among other things, use 7X-GHz RADAR sensors.
Based on Geographies
• North America
• Europe
• Asia-Pacific (APAC)
• Rest of World
Asia-Pacific (APAC) will see the fastest demand advance in the coming years, led by China, which boasts the region's largest manufacturing capacity for automobiles and the highest rate of technological change. Moreover, the popularity of premium vehicles is growing with the increasing buying power and increasing funding for the production of advanced vehicle safety features in India and China, thus propelling the procurement of radars here.
Trends
The market expansion is driven by factors such as an increase in demand for safety characteristics in automobiles and an increase in demand for relaxed driving. In addition, the stringent safety feature rules and regulations are likely to fuel the growth of the automotive RADAR industry. Nevertheless, it is anticipated that factors such as low performance in bad weather conditions and high cost & complex structure would impede the market growth. In addition, it is expected that the rise in industrial growth and modernization of the ADAS (Advanced Driver Assistance System) would create many opportunities for competitors in the RADAR automotive industry.
Global Automotive Radar Market Report Coverage
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Report Metric
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Details
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Historical Period
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2018 - 2023
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Base Year Considered
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2024
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Forecast Period
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2025 - 2030
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Market Size in 2023
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U.S.D. XX Billion
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Revenue Forecast in 2030
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U.S.D. 14.6 Billion
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Growth Rate
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21.5%
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Segments Covered in the Report
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By Application, By Frequency Type
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Report Scope
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Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
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Regions Covered in the Report
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North America, Europe, Asia-Pacific (APAC), Rest of World
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Market Drivers
Demand for premium segment vehicles with better equipment and advanced technology worldwide is all set to fuel the growth of the global RADAR automotive industry. Well-equipped and applied high-end technology vehicles are most in demand around the world. At the same time, the need for greater passenger and driver safety in cars is generating immense demand for vehicles with the latest technology, urging manufacturers of automobiles around the world to implement technical solutions that meet advanced standards.
In addition, the key factors that are expected to further boost the global automotive RADAR market in the forecast period are strict automotive requirements for the adoption of ADAS technology by OEMs set by governments of several countries and the increasing rate of road accidents (2025-2030). In fast-developing economies such as the Asia Pacific, continuous growth in the automotive sector and an increase in the number of RADAR sensors used per vehicle are also further boosting the market growth.
Opportunity
The market is expected to expand due to factors such as an increase in demand for safety features in automobiles and an increase in demand for relaxed driving. Furthermore, the automotive RADAR market is expected to expand due to strict rules and regulations for safety features. Moreover, the increased technical development and innovation in ADAS are expected to open up a plethora of opportunities for the industry.
Challenges
As a market challenge, the high cost of the automotive RADAR system usually leads to an overall rise in the cost of the vehicle. Also, the use of RADAR detectors is considered illegal in some countries. There are several challenges faced by the industry in maintaining the cost-quality balance that every player in the market aims to resolve. Similarly, the biggest issue that can also arise as a security threat is electromagnetic jamming and device issues
Key Players
• Continental AG
• Robert Bosch GmbH
• Delphi Automotive PLC
• Denso Corporation Infineon Technologies
• AG NXP Semiconductor N.V.
• Valeo S.A. Analog Devices
• Hella KGaA Hueck & Co.
• Texas Instruments Inc.
• Autoliv, Inc.
• ZF Friedrichshafen AG
• Infineon Technologies AG
Recent Developments by Key Players
Keysight Technologies, Inc., device security research lab, Riscure Security Solutions, has successfully completed the first Car Connectivity Consortium (CCC) Digital Key Applet (DKA) certification for NXP Semiconductors which is a leading provider of secure connectivity solutions for embedded applications. The two companies worked together to evaluate and certify NXP’s automotive Digital Key solution.
Autoliv China, part of global automotive safety leader Autoliv Inc. and Xpeng AeroHT (Asia’s flying car innovator) collaborated to pioneer safety solutions for electric flying cars. This partnership focus to blend intelligent vehicle and aviation technologies to ensure the highest safety standards for future personal flying vehicles.
The Automotive Radar Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- Application
- RADAR Based Adaptive Cruise Control (ACC) Market
- RADAR Based Autonomous Emergency Braking (AEB) Market
- RADAR Based Blind Spot Detection (BSD) Market
- RADAR-Based Forward Collision Warning System Market
- RADAR-Based Intelligent Park Assist Market
- Frequency
- 2X-GHZ Systems
- 7X-GHZ: Market
Geographical Segmentation
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
Source: VynZ Research
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Source: VynZ Research
