Automotive Radar Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
The global automotive radar market was estimated to be US$ 6.5 billion in 2022 and is expected to reach US$ 45 Billion by 2032 at a CAGR of 21.7%.
Automotive radar is a type of sensor technology that is used in vehicles to detect and locate objects and obstacles in the surrounding environment. It uses radio waves to detect the distance, direction, and speed of objects, which is then used to provide information to the driver or to activate safety features, such as automatic emergency braking or adaptive cruise control.
Automotive radar systems typically use frequencies in the microwave range, such as 24 GHz and 77 GHz, and can be installed in various locations on the vehicle, such as the front, rear, and sides. Technology has become increasingly important in the development of advanced driver assistance systems (ADAS) and autonomous vehicles, as it provides a crucial input for real-time decision-making by the vehicle's control system.
Automotive Radar Market Drivers
Growing demand for smart transportation is boosting the market growth
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. With the increasing number of road accidents, consumers are becoming more aware of the importance of advanced safety features in vehicles.
Features such as adaptive cruise control, lane departure warning, and blind-spot detection have become common in modern vehicles. Technological advancements in radar sensors have led to improved accuracy and range, making them ideal for use in advanced safety systems. For instance, the Audi A8 luxury sedan features a 360-degree radar system that uses a combination of 77 GHz and 24 GHz radar sensors to provide accurate object detection and tracking, even in adverse weather conditions.
The concept of smart transportation is gaining popularity worldwide, with governments and transportation authorities investing in advanced technologies to improve traffic management and reduce road accidents. The city of Las Vegas has implemented an ITS solution that includes a network of radar sensors installed at traffic intersections to detect the presence of vehicles and adjust traffic signals in real-time, reducing traffic congestion and improving traffic flow.
Application Segmentation of Global Automotive Radar Market
Adaptive Cruise Control segment is expected to continue to dominate the market
Based on application, the largest segment of the global automotive radar market among the applications listed is the Adaptive Cruise Control (ACC) segment. ACC systems use radar sensors to detect and maintain a safe distance between vehicles by adjusting the vehicle's speed accordingly.
The growing demand for advanced driver assistance systems (ADAS) is one of the key factors driving the demand for ACC systems. As a result, the ACC segment is expected to continue to dominate the market in the coming years.
The other segments, such as Automatic Emergency Braking (AEB), Blind Spot Detection (BSD), Forward Collision Warning System (FCWS), and Intelligent Parking Assistance (IPA), are also growing in popularity and adoption. However, they are generally used in specific situations or conditions and are not as widely used as ACC systems, which are a standard feature in many modern vehicles. Nonetheless, as the technology continues to advance and prices become more affordable, it is likely that these other segments will see increased adoption rates in the future.
Regional Trends of the Global Automotive Radar Market
United States is the largest market for the North American automotive radar industry
Geographically, the global automotive radar market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
Following are some of the major trends in these regions –
North America: The North American market for automotive radar is expected to grow due to the increasing adoption of advanced safety features and the growing demand for autonomous vehicles.
The United States is the largest market in the region, with major automakers investing in research and development of advanced safety technologies, including radar-based systems. The region has a highly developed automotive industry, with established regulatory frameworks for safety standards, driving the adoption of automotive radar technologies.
Europe: The European market for automotive radar is expected to grow due to stringent safety regulations and the growing demand for autonomous vehicles. The region is a hub for automotive innovation, with major automakers investing heavily in research and development of advanced safety technologies, including radar-based systems. The region is also home to several leading radar technology providers, driving the development of advanced radar systems.
Asia-Pacific: The Asia-Pacific market for automotive radar is expected to grow due to the increasing demand for advanced safety features, rising disposable incomes, and growing automotive industry. The region is home to major automotive markets, including China, Japan, and South Korea, with a significant share of global vehicle production.
The growing adoption of radar-based safety features and the increasing demand for autonomous vehicles are expected to drive the growth of the automotive radar market in the region.
Middle East and Africa: The Middle East and Africa market for automotive radar is expected to grow due to the increasing demand for advanced safety features and the growing automotive industry.
The region has a growing population and rising disposable incomes, driving the demand for automobiles with advanced safety features. The adoption of radar-based safety features is also driven by stringent safety regulations, promoting the use of advanced safety systems in vehicles.
South America: The South American market for automotive radar is expected to grow due to the growing automotive industry and the increasing demand for advanced safety features. The region has a significant share of global vehicle production, with major automakers investing in research and development of advanced safety technologies. The adoption of radar-based safety features is also driven by stringent safety regulations, promoting the use of advanced safety systems in vehicles.
Key players and market strategies:
Companies operating in the global automotive radar market have adopted various growth strategies to expand their market presence and increase their revenue.
Some of the major growth strategies adopted by these companies include:
Product Launch: Companies are launching new and advanced radar-based safety systems to cater to the increasing demand for advanced safety features in vehicles. For example, in 2021, Bosch launched its new long-range radar sensor, which provides enhanced safety features such as blind-spot detection, lane departure warning, and forward collision warning.
Partnership and Collaboration: Companies are entering into partnerships and collaborations to expand their product portfolio and market presence. For example, in 2021, Continental and NXP Semiconductors announced a collaboration to develop a new radar-based safety system for advanced driver assistance systems.
Acquisition: Companies are acquiring other companies to expand their market presence and product portfolio. For example, in 2020, ZF Friedrichshafen AG acquired WABCO, a leading supplier of radar-based safety systems for commercial vehicles, to expand its market presence and product portfolio.
Expansion: Companies are expanding their production facilities and geographic presence to cater to the increasing demand for radar-based safety systems. For example, in 2021, Hella announced the expansion of its radar sensor production facility in Romania to meet the increasing demand for advanced safety systems.
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.
Global Automotive Radar Market Segmentation:
By Range:
- Short-Range Radar (SRR)
- Medium-Range Radar (MRR)
- Long-Range Radar (LRR)
By Application:
- Adaptive Cruise Control (ACC)
- Automatic Emergency Braking (AEB)
- Blind Spot Detection (BSD)
- Forward Collision Warning System (FCWS)
- Intelligent Parking Assistance (IPA)
- Others
By Frequency:
- 24 GHz
- 77 GHz
- 79 GHz
By Vehicle Type:
- Commercial Vehicle
- Passenger Vehicle
By Region
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Automotive Radar Market
- Global Automotive Radar Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Porter’s Five Forces
- Trends
- Global Automotive Radar Market Analysis and Forecast, by Range
- Overview and definitions
- Key segment analysis
- Global Automotive Radar Market Size Estimates (US$ Mn), by Range, 2019 – 2032
- Short-Range Radar (SRR)
- Medium-Range Radar (MRR)
- Long-Range Radar (LRR)
- Global Automotive Radar Market Analysis and Forecast, by Frequency
- Overview and definitions
- Key segment analysis
- Global Automotive Radar Market Size Estimates (US$ Mn), by Frequency, 2019 – 2032
- 24 GHz
- 77 GHz
- 79 GHz
- Global Automotive Radar Market Analysis and Forecast, by Vehicle Type
- Overview and definitions
- Key segment analysis
- Global Automotive Radar Market Size Estimates (US$ Mn), by Vehicle Type, 2019 – 2032
- Commercial Vehicle
- Passenger Vehicle
- Global Automotive Radar Market Size Estimates (US$ Mn), by Application, 2019 – 2032
- Overview and definitions
- Key segment analysis
- Global Automotive Radar Market Size Estimates (US$ Mn), by Application, 2019 – 2032
- Adaptive Cruise Control (ACC)
- Automatic Emergency Braking (AEB)
- Blind Spot Detection (BSD)
- Forward Collision Warning System (FCWS)
- Intelligent Parking Assistance (IPA)
- Others
- Global Automotive Radar Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Automotive Radar Market Size Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Automotive Radar Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Automotive Radar Market Size Estimates (US$ Mn), by Range, 2019 – 2032
- Short-Range Radar (SRR)
- Medium-Range Radar (MRR)
- Long-Range Radar (LRR)
- North America Automotive Radar Market Size Estimates (US$ Mn), by Frequency, 2019 – 2032
- 24 GHz
- 77 GHz
- 79 GHz
- North America Automotive Radar Market Size Estimates (US$ Mn), by Vehicle Type, 2019 – 2032
- Commercial Vehicle
- Passenger Vehicle
- North America Automotive Radar Market Size Estimates (US$ Mn), by Application, 2019 – 2032
- Adaptive Cruise Control (ACC)
- Automatic Emergency Braking (AEB)
- Blind Spot Detection (BSD)
- Forward Collision Warning System (FCWS)
- Intelligent Parking Assistance (IPA)
- Others
- North America Automotive Radar Market Size Estimates (US$ Mn), Country, 2019 – 2032
- The U.S.
- Canada
- Rest of North America
- Europe Automotive Radar Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Automotive Radar Market Size Estimates (US$ Mn), by Range, 2019 – 2032
- Short-Range Radar (SRR)
- Medium-Range Radar (MRR)
- Long-Range Radar (LRR)
- Europe Automotive Radar Market Size Estimates (US$ Mn), by Frequency, 2019 – 2032
- 24 GHz
- 77 GHz
- 79 GHz
- Europe Automotive Radar Market Size Estimates (US$ Mn), by Vehicle Type, 2019 – 2032
- Commercial Vehicle
- Passenger Vehicle
- Europe Automotive Radar Market Size Estimates (US$ Mn), by Application, 2019 – 2032
- Adaptive Cruise Control (ACC)
- Automatic Emergency Braking (AEB)
- Blind Spot Detection (BSD)
- Forward Collision Warning System (FCWS)
- Intelligent Parking Assistance (IPA)
- Others
- Europe Automotive Radar Market Size Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific Automotive Radar Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Automotive Radar Market Size Estimates (US$ Mn), by Range, 2019 – 2032
- Short-Range Radar (SRR)
- Medium-Range Radar (MRR)
- Long-Range Radar (LRR)
- Asia Pacific Automotive Radar Market Size Estimates (US$ Mn), by Frequency, 2019 – 2032
- 24 GHz
- 77 GHz
- 79 GHz
- Asia Pacific Automotive Radar Market Size Estimates (US$ Mn), by Vehicle Type, 2019 – 2032
- Commercial Vehicle
- Passenger Vehicle
- Asia Pacific Automotive Radar Market Size Estimates (US$ Mn), by Application, 2019 – 2032
- Adaptive Cruise Control (ACC)
- Automatic Emergency Braking (AEB)
- Blind Spot Detection (BSD)
- Forward Collision Warning System (FCWS)
- Intelligent Parking Assistance (IPA)
- Others
- Asia Pacific Automotive Radar Market Size Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa Automotive Radar Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Automotive Radar Market Size Estimates (US$ Mn), by Range, 2019 – 2032
- Short-Range Radar (SRR)
- Medium-Range Radar (MRR)
- Long-Range Radar (LRR)
- Middle East & Africa Automotive Radar Market Size Estimates (US$ Mn), by Frequency, 2019 – 2032
- 24 GHz
- 77 GHz
- 79 GHz
- Middle East & Africa Automotive Radar Market Size Estimates (US$ Mn), by Vehicle Type, 2019 – 2032
- Commercial Vehicle
- Passenger Vehicle
- Middle East & Africa Automotive Radar Market Size Estimates (US$ Mn), by Application, 2019 – 2032
- Adaptive Cruise Control (ACC)
- Automatic Emergency Braking (AEB)
- Blind Spot Detection (BSD)
- Forward Collision Warning System (FCWS)
- Intelligent Parking Assistance (IPA)
- Others
- Middle East & Africa Automotive Radar Market Size Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East
- South America Automotive Radar Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Automotive Radar Market Size Estimates (US$ Mn), by Range, 2019 – 2032
- Short-Range Radar (SRR)
- Medium-Range Radar (MRR)
- Long-Range Radar (LRR)
- South America Automotive Radar Market Size Estimates (US$ Mn), by Frequency, 2019 – 2032
- 24 GHz
- 77 GHz
- 79 GHz
- South America Automotive Radar Market Size Estimates (US$ Mn), by Vehicle Type, 2019 – 2032
- Commercial Vehicle
- Passenger Vehicle
- South America Automotive Radar Market Size Estimates (US$ Mn), by Application, 2019 – 2032
- Adaptive Cruise Control (ACC)
- Automatic Emergency Braking (AEB)
- Blind Spot Detection (BSD)
- Forward Collision Warning System (FCWS)
- Intelligent Parking Assistance (IPA)
- Others
- South America Automotive Radar Market Size Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Argentina
- Rest of South America
- Competition Analysis – Automotive Radar Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Autoliv Inc.
- Business overview
- Geographic presence
- Financial facts
- Relevant news and strategic view
- 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.
- Autoliv Inc.
- Conclusion & Recommendations
Frequently asked questions about this report
What is the automotive radar market growth?
The automotive radar market is expected grow at a CAGR of 21.7% from 2023 to 2032.
How big is the automotive radar market?
The automotive radar market is expected to reach US$ 45 Billion by 2032.
What was the market for automotive radar valued at in 2022?
The automotive radar market was estimated to be US$ 6.5 billion in 2022.
What are the major drivers for the global automotive radar market?
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.
Which application dominates the automotive radar market?
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.
Which is the largest market for automotive radar in North America?
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.
Who are the key players in the automotive radar market analysis?
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.