Automotive Radar Market

Automotive Radar Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
Frequently asked questions about this report

The automotive radar market is expected grow at a CAGR of 21.7% from 2023 to 2032.

The automotive radar market is expected to reach US$ 45 Billion by 2032.

The automotive radar market was estimated to be US$ 6.5 billion in 2022.

The global Automotive Radar Market is being driven by a number of factors, including increasing demand for advanced safety features in vehicles, technological advancements in radar sensors, and growing demand for smart transportation.

The ACC segment is expected to continue to dominate the market in the coming years. The growing demand for advanced driver assistance systems (ADAS) is one of the key factors driving the demand for ACC systems.

The United States is the largest market in the North America, with major automakers investing in research and development of advanced safety technologies, including radar-based systems.

The key players in the automotive radar market are Autoliv Inc., Continental AG, Denso Corporation, Hella GmbH & Co. KGaA, Infineon Technologies AG, InnoSenT GmbH, NXP Semiconductors N.V., Panasonic Corporation, Quanergy Systems, Inc., Robert Bosch GmbH, Texas Instruments Incorporated, Valeo SA, Veoneer, Inc., ZF Friedrichshafen AG, ZF TRW Automotive Holdings Corp. and many more.