Automotive Radar Market Size, Share, Growth, Development and Technology Forecast 2029

During the forecast period, the Automotive Radar market is expected to expand rapidly. The Automotive Radar market is divided into three sections: range, application, and region. The Automotive Radar market is further subdivided into short range, medium range, and long range variants. Furthermore, the market is divided into Autonomous Emergency Braking (AEB), Intelligent Parking Assistance, Forward Collision Warning System (FCWS), Adaptive Cruise Control (ACC), and Blind Spot Detection (BSD) based on application. The market is further subdivided geographically into North America, Europe, Asia-Pacific, and other areas.

Automotive Radar Market Report Scope and Research Methodology:

The main aim of the report is to provide a complete analysis of the Automotive Radar  market in simple language including qualitative and quantitative data. It also provides an in-depth analysis of the latest trends in each segment from 2022-2029 with a comprehensive analysis of the Automotive Radar market drivers, restraints, challenges and opportunities. The report covers all the main aspects of the Automotive Radar  market with an analysis of the value chain, PESTLE Analysis, Porter’s Five Forces model, market forecasts in terms of value competitive landscape, Key players benchmarking, market dynamics and future trends in the market.

The bottom-up approach was used to estimate the and regional Automotive Radar market size. The primary and secondary research methods were used to get the data and the data was gathered by using both methodologies to get accurate and error-free findings on the Automotive Radar market. The primary research included interviews with industry participants, subject-matter experts, high-level executives of key market players, industry consultants and other experts. The secondary research includes data collection from the selected set of sources for the Automotive Radar  market report. The PESTLE analysis used in the report, aids in the development of company strategies in the Automotive Radar  industry. SWOT analysis was conducted to provide the strengths and weaknesses of the Automotive Radar  Market. 

Automotive Radar  Market Report Overview:

Stellar Market Research has issued reports that assist clients in understanding the landscape of the Automotive Radar Market in which the client competes. The research provides market insights to help businesses predict future demand for their product and how competitive the Automotive Radar  is going to be. The Automotive Radar Market overview provides detailed information on the market’s size, trade data, key players, and various market metrics such as life cycle, trends, and so on. 

Automotive Radar Market Size is expected to reach US$ 4.1 Bn. in 2029 from US$ 2.3 Bn. in 2023 at CAGR of 8.35 % during the forecast period.

Click For Sample Report:  

Automotive Radar Market Dynamics:

Because of the global increase of the automobile sector, the automotive radar market has demonstrated constant growth throughout the years. The market is estimated to reach US$ 4.1 billion in 2029, up from US$ 2.3 billion in 2023, at an 8.35% CAGR during the forecast period. Because of the rising number of accidents around the world, there is a greater emphasis on passenger safety among both manufacturers and consumers. The impact of increased accident rates is so significant that governments have begun implementing stringent safety standards in order to protect passengers and improve overall driving conditions. A multitude of Radio Frequency gadgets are used in modern vehicles to make driving safer.

Automotive Radar Market Segmentation:

The automotive radar market is divided into two categories: range and application. The market is further divided into three types based on range: short range, medium range, and long range. During the forecast period, the medium range category is expected to keep the bulk of market share. This is primarily owing to the features that are commonly given by vehicle manufacturers, such as park assist, lane change assist, cross traffic alert, and so on. These capabilities are now more affordable, and the functionality of such systems is substantially boosted by using more than two radars, which has greatly contributed to the medium range segment’s market domination.

The Automotive Radar Market is divided into Autonomous Emergency Braking (AEB), Intelligent Parking Assistance, Forward Collision Warning System (FCWS), Adaptive Cruise Control (ACC), and Blind Spot Detection (BSD) applications. Adaptive cruise control (ACC) segments hold the biggest market share among application types and are expected to do so during the projection period due to early adoption of this technology in passenger automobiles in countries such as the United States and Germany. Furthermore, forward collision warning system (FCWS) usage by manufacturers in China and India is expected to develop significantly.

Automotive Radar  Market Regional Insights:

The Regional Analysis in the report helps to understand the Automotive Radar  market in various countries. Every region has different factors such as political, geographic, buying behavior, etc. which are affecting the Automotive Radar  market. Local development plans are often affected by the performance of Automotive Radar  market. The report includes a detailed analysis of all the factors, market size, growth rate, and import and export in regions covering North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. 

Automotive Radar  Market Key Players:

Analog Devices Inc (USA)
Borgwarner Inc (USA)
Continental AG (Germany)
Denso Corporation (Japan)
NXP Semiconductors (Netherlands)
Robert Bosch GMBH (Germany)
Texas Instruments Incorporated (USA)
Valeo (France)
Veoneer Inc (Sweden)
ZF Friedrichshafen AG (Germany)
Autoliv (Sweden)
Aptive (Ireland)
Hella Gmbh (Germany)
Infineon Technologies AG (Germany)
Aisin Corporation (Japan)

Key questions answered in the Automotive Relay Market are:

  • What is Automotive Radar  ?
  • What are the trends in the Automotive Radar  Market?
  • What are the factors contributing to the final price of Automotive Radar  ?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for Automotive Radar  Market? 
  • How is the intervention from regulatory authority is shaping the Automotive Radar  Market?
  • What growth strategies are the players considering to increase their presence in Automotive Radar  Market?
  • Who held the largest market share in Automotive Radar  Market? 

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 

For More Information About This Research Please Visit : 

About Stellar Market Research

Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

Contact Stellar Market Research, 4-8 Pl.7/4, Kothrud,

Pinnac Memories Fl. No. 3, Kothrud,

Pune, Maharashtra, 411029 

+91 20 6630 3320    +91 9607365656

Comments are closed