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In 2023, the automotive RADAR industry was worth $4.48B on a worldwide scale. Forecasts indicate that the market will expand from $4.94B in 2024 to $9.21B in 2031, representing a CAGR of 10.5%. The famous radar system measures, detects, and locates environmental obstacles by use of the transmission and reception of electromagnetic waves. The fact that cars are so good at reflecting electromagnetic waves makes it ideal for use in automobile applications, where precise distance, position, and speed measurements can be taken.
The growth in car sales can be attributed, in large part, to economic variables including increased disposable income and low-interest rates. This market grew because of the increasing spending on car research and development in several countries, including Japan, the United Kingdom, China, India, Germany, and the United States. One major possibility for market expansion could be affected by the introduction of enhanced driver assistance systems in passenger automobiles. With the radar of the sophisticated driver assistance system, the car's occupants can see well into their immediate environment, allowing them to spot dangers before they happen.
When compared to other sensors, particularly visual sensors, automotive RADAR's great accuracy and precision in detecting speed and range makes it a leading technology. A vital component of the advanced driver assistance system is the automotive RADAR system, which serves as the principal sensor for adaptive cruise controls. Further, automotive RADAR is an important sensor for avoiding collisions, both with other vehicles and pedestrians. With more people looking for cars with advanced safety features, the automotive RADAR market is expected to experience explosive growth in the next years.
Ultrasonic technology is crucial for short spans at lower velocities and LiDAR is employed in autonomous driving; RADAR and cameras are the main sensors used on cars nowadays. RADAR's outstanding features make it widely used. RADAR is able to precisely determine an object's distance. Automobile RADARs with a long range can determine distances to objects up to 300 to 500 meters away. Critical metrics, including relative speed, can be measured with the help of RADAR. Speed and range are thus both measured simultaneously.
Worldwide, the car sector has been hit hard by the COVID-19 pandemic. In an effort to contain the virus, several nations have instituted strict national lockdown policies. As a result of the epidemic and the stringent social distance requirements, the sale of automobiles fell precipitously in the second half of 2020. The industry and thousands of people who rely on it have been hit hard by the shutdown of numerous original equipment manufacturer (OEM) factories due to statewide lockdowns and strict social distance rules. Research and development funding and the ability to implement new technology, such as automobile RADAR, were both affected by the lockout. The necessity for cars has decreased dramatically due to lockdowns, unemployment, and wage cuts. The consumer's purchasing power has been greatly diminished as a result of this.
To prevent the spread of the virus, certain original equipment manufacturers (OEMs) around the world began manufacturing in the second half of 2021 while strictly following social distancing protocols. A number of nations have launched massive immunization drives in an effort to contain the disease. Demand in the automotive industry has been on the rise due to these factors, and this is expected to continue during the forecast period, driving the worldwide automotive RADAR market. As an example, Aptiv Plc's total net sales in 2021 were 20% higher than in 2020.
Worldwide, vehicle accidents account for the vast majority of fatalities; in response to this shocking statistic, governments have enacted stringent regulations pertaining to the automotive industry. Consequently, governing bodies across the globe have enacted strict laws in an effort to reduce the frequency and severity of traffic accidents. As a result, manufacturers are now compelled to equip their automobiles with various safety features. A state-of-the-art RADAR system that enhances safety on the road is currently in development by numerous car firms. In Europe, for example, all vehicles were required to have automatic emergency braking systems by the beginning of 2023 after a decision was taken in December 2021. Thus, the expansion of the automotive RADAR market throughout the projected years is a result of strict government restrictions.
Radar is quite good at seeing things and detecting the path of moving items. Radio waves aren't very good at object classification or vehicle localization because of their irregularity. Typically, ADAS applications employ gigahertz frequencies ranging from 70 GHz to 90 GHz, which are extremely narrow bands that limit the angular resolution of radar equipment. Because of the antennas used for both the transmitter and the receiver, it is also somewhat cumbersome to install. Solving one problem has a negative impact on other characteristics, making it seem like manufacturers have a hard time with classification, resolution, and sizing. For instance, the total size of the sensor will increase if research efforts center on enhancing resolution, since more transmitters will be required.
Report Coverage
Global Automotive Radar research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Radar report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Radar competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Radar market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Radar market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Radar market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ANALOG DEVICES INC, VALEO, BORGWARNER INC, DENSO CORPORATION, VEONEER INC, CONTINENTAL AG, ZF FRIEDRICHSHAFEN AG, NXP SEMICONDUCTORS, ROBERT BOSCH GMBH, TEXAS INSTRUMENTS INCORPORATED
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Automotive Radar market based on the below-mentioned segments:
Global Automotive Radar Market, By VEHICLE TYPE
PASSENGER CAR
COMMERCIAL VEHICLES
Global Automotive Radar market, By Application
Adaptive Cruise Control (ACC)
Autonomous Emergency Braking (AEB)
Blind Spot Detection (BSD)
Forward Collision Warning System
Intelligent Park Assist
Other ADAS Applications
Global Automotive Radar Market, By FREQUENCY
24 GHz
77 GHz
79GHz
Global Automotive Radar market, Regional Analysis
The growth in car sales can be attributed, in large part, to economic variables including increased disposable income and low-interest rates. This market grew because of the increasing spending on car research and development in several countries, including Japan, the United Kingdom, China, India, Germany, and the United States. One major possibility for market expansion could be affected by the introduction of enhanced driver assistance systems in passenger automobiles. With the radar of the sophisticated driver assistance system, the car's occupants can see well into their immediate environment, allowing them to spot dangers before they happen.
When compared to other sensors, particularly visual sensors, automotive RADAR's great accuracy and precision in detecting speed and range makes it a leading technology. A vital component of the advanced driver assistance system is the automotive RADAR system, which serves as the principal sensor for adaptive cruise controls. Further, automotive RADAR is an important sensor for avoiding collisions, both with other vehicles and pedestrians. With more people looking for cars with advanced safety features, the automotive RADAR market is expected to experience explosive growth in the next years.
Ultrasonic technology is crucial for short spans at lower velocities and LiDAR is employed in autonomous driving; RADAR and cameras are the main sensors used on cars nowadays. RADAR's outstanding features make it widely used. RADAR is able to precisely determine an object's distance. Automobile RADARs with a long range can determine distances to objects up to 300 to 500 meters away. Critical metrics, including relative speed, can be measured with the help of RADAR. Speed and range are thus both measured simultaneously.
Worldwide, the car sector has been hit hard by the COVID-19 pandemic. In an effort to contain the virus, several nations have instituted strict national lockdown policies. As a result of the epidemic and the stringent social distance requirements, the sale of automobiles fell precipitously in the second half of 2020. The industry and thousands of people who rely on it have been hit hard by the shutdown of numerous original equipment manufacturer (OEM) factories due to statewide lockdowns and strict social distance rules. Research and development funding and the ability to implement new technology, such as automobile RADAR, were both affected by the lockout. The necessity for cars has decreased dramatically due to lockdowns, unemployment, and wage cuts. The consumer's purchasing power has been greatly diminished as a result of this.
To prevent the spread of the virus, certain original equipment manufacturers (OEMs) around the world began manufacturing in the second half of 2021 while strictly following social distancing protocols. A number of nations have launched massive immunization drives in an effort to contain the disease. Demand in the automotive industry has been on the rise due to these factors, and this is expected to continue during the forecast period, driving the worldwide automotive RADAR market. As an example, Aptiv Plc's total net sales in 2021 were 20% higher than in 2020.
Worldwide, vehicle accidents account for the vast majority of fatalities; in response to this shocking statistic, governments have enacted stringent regulations pertaining to the automotive industry. Consequently, governing bodies across the globe have enacted strict laws in an effort to reduce the frequency and severity of traffic accidents. As a result, manufacturers are now compelled to equip their automobiles with various safety features. A state-of-the-art RADAR system that enhances safety on the road is currently in development by numerous car firms. In Europe, for example, all vehicles were required to have automatic emergency braking systems by the beginning of 2023 after a decision was taken in December 2021. Thus, the expansion of the automotive RADAR market throughout the projected years is a result of strict government restrictions.
Radar is quite good at seeing things and detecting the path of moving items. Radio waves aren't very good at object classification or vehicle localization because of their irregularity. Typically, ADAS applications employ gigahertz frequencies ranging from 70 GHz to 90 GHz, which are extremely narrow bands that limit the angular resolution of radar equipment. Because of the antennas used for both the transmitter and the receiver, it is also somewhat cumbersome to install. Solving one problem has a negative impact on other characteristics, making it seem like manufacturers have a hard time with classification, resolution, and sizing. For instance, the total size of the sensor will increase if research efforts center on enhancing resolution, since more transmitters will be required.
Report Coverage
Global Automotive Radar research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Radar report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Radar competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Radar market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ANALOG DEVICES INC, VALEO, BORGWARNER INC, DENSO CORPORATION, VEONEER INC, CONTINENTAL AG, ZF FRIEDRICHSHAFEN AG, NXP SEMICONDUCTORS, ROBERT BOSCH GMBH, TEXAS INSTRUMENTS INCORPORATED |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Automotive Radar Market from 2021 to 2031.
- Market Forecast for Automotive Radar Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Automotive Radar competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Automotive Radar
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Radar market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Radar market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ANALOG DEVICES INC, VALEO, BORGWARNER INC, DENSO CORPORATION, VEONEER INC, CONTINENTAL AG, ZF FRIEDRICHSHAFEN AG, NXP SEMICONDUCTORS, ROBERT BOSCH GMBH, TEXAS INSTRUMENTS INCORPORATED
Primary Target Market
- Market Players of Automotive Radar
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Automotive Radar market based on the below-mentioned segments:
Global Automotive Radar Market, By VEHICLE TYPE
PASSENGER CAR
COMMERCIAL VEHICLES
Global Automotive Radar market, By Application
Adaptive Cruise Control (ACC)
Autonomous Emergency Braking (AEB)
Blind Spot Detection (BSD)
Forward Collision Warning System
Intelligent Park Assist
Other ADAS Applications
Global Automotive Radar Market, By FREQUENCY
24 GHz
77 GHz
79GHz
Global Automotive Radar market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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