Status : Published Published On : Dec, 2023 Report Code : VRAT9597 Industry : Automotive & Transportation Available Format : Page : 108
2025
2030

Global Automotive Radar Market – Analysis and Forecast (2025–2030)

Industry Insights by 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), by Frequency Type (2X-GHZ Systems, 7X-GHZ Market)

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.

Automotive Radar Market

Market Segmentation

Based on 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

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

•    2X-GHZ Systems
•    7X-GHZ: Market

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

Report Metric

Details

Historical Period

2018 - 2023

Base Year Considered

2024

Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.  XX Billion

Revenue Forecast in 2030

U.S.D.  14.6 Billion

Growth Rate

21.5%

Segments Covered in the Report

By Based on Application,By Frequency Type

Report Scope

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

Regions Covered in the Report

North America, Europe, Asia-Pacific (APAC),Rest of World

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 News

•    In February 2020, Hella announced its plan to start series production of the radar sensors, and to begin with, it would focus on supplying the technology to an Asian manufacturer of trucks and buses.

•    In 2021, HELLA won the Manufacturing Leadership Award, for Intelligence and Advanced Analytics Leadership

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
    • U.S.
    • Canada
    • Mexico
  • 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

Automotive Radar Market Analysis

Source: VynZ Research

Frequently Asked Questions

Some of the major key playefrs are 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, and Infineon Technologies AG.
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.
The global automotive radar market is expected to grow at an annual rate of 21.5% and expected to reach USD 14.6 billion in 2030.
Asia-Pacific (APAC) will see the fastest demand advance in the coming years.
The automotive radar 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.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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