The Automotive Radar Market is growing due to innovation, evolving demand, and industry shifts. This report offers insights into market size, value, trends, competitive analysis, and key company strategies. It supports strategic planning with data-driven forecasts and regional insights, helping stakeholders identify opportunities, assess performance, and navigate the changing landscape effectively.
Key Report Highlights:
- Market size and projections
- Recent strategic moves by companies
- Primary stakeholders
- Import and export trends
- Competitive landscape assessment
- Emerging opportunities
- Market trends and indicators
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Market size and projections
The Global Automotive Radar Market size was valued at around USD 6.8 billion in 2024 and is projected to reach USD 34 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 31% during the forecast period, i.e., 2025-30.
Market Key Driver –
Various factors are associated with this market growth. The increasing number of vehicles on the road is significantly boosting the demand for the market. As more vehicles are introduced globally, advanced systems are required to be installed in them carrying numerous safety and navigation features like advanced driver assistance systems. For instance: the year 2024 saw global passenger vehicle sales hit an astronomical high of over 94 million, corresponding to a surge in the number of vehicles on roads. Automotive radars are integral for meeting requirements in developing markets in terms of the benefits associated with them.
Competitive Landscape:
The report profiles key players in the Automotive Radar market, including:
- Robert Bosch GmbH
- Continental AG
- Denso Corporation
- Aptiv
- Autoliv Inc.
- Veoneer
- Valeo SA
- Delphi Automotive Company
- NXP Semiconductors NV
- HELLA GmbH & Co. KGaA
- Texas Instruments Incorporated
- ZF Friedrichshafen AG
- Infineon Technologies AG
- Renesas Electronics Corporation
- Analog Devices, Inc.
These companies are adopting strategies such as mergers, acquisitions, and partnerships to strengthen their market position.
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Automotive Radar Market Segmentation Analysis:
The market is segmented into the following categories:
By Range
- Short Range Radar
- Medium Range Radar
- Long Range Radar
By Propulsion Type
- Internal Combustion Engine (ICE)
- Electric
By Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Based on the vehicle type, passenger vehicles lead the Global Automotive Radar Market.
By Frequency
- 2X GHZ System
- 7X GHZ System
By Application
- Adaptive Cruise Control
- Automatic Emergency Braking
- Blind Spot Detection
- Forward Collision Warning System
- Intelligent Parking Assistant
- Cross Traffic Alerts
- Lane Departure Warning Systems
- Traffic Jam Assist
- Others
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Out of them, Europe leads the Global Automotive Radar Market. It holds around 40% of the entire market.
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Key Questions Covered in the Report:
- What is the current size and value of the Automotive Radar market?
- How is the Automotive Radar market expected to grow by 2030?
- What key trends are shaping the future of the Automotive Radar market?
- What factors are driving demand in the Automotive Radar industry?
- Which regions show the strongest growth in the Automotive Radar market?
- Who are the major players in the Automotive Radar market and their strategies?
- What segments are leading revenue generation in the Automotive Radar market?
- How are regulations influencing the Automotive Radar market outlook?
- What are the major challenges facing the Automotive Radar market?
- What new technologies are emerging in the Automotive Radar industry?
- How is consumer behavior evolving in the Automotive Radar market space?
- What opportunities exist for new entrants in the Automotive Radar market?
- How does pricing vary across regions in the Automotive Radar market?
- What investment trends are impacting the Automotive Radar market growth?
- What is the forecasted CAGR for the Automotive Radar market through 2030?
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