Global Automotive Radar Market To Record Double-Digit Growth of Nearly 12.04% Over 2024–2032

16-Sep-2024 | Zion Market Research

According to forecasters at Zion Market Research, the global automotive radar market was capitalized at USD 13.00 billion in 2023 developing at a CAGR of around 12.04% during the forecast period from 2024–2032. The automotive RADARs are set up in automobiles to trace the object in the nearby vehicle, which consists of a receiver and transmitter. The transmitter in automotive RADAR transmits radio waves that are collided with the object and are received by the receiver back. By controlling the position of the radio waves in which radio waves were transmitted and received, it is possible to spot the object’s speed, distance, and direction.

Some of the key players in the market are Continental AG, Texas Instruments Inc., Robert Bosch GmbH, DENSO Corp., Infineon Technologies AG, Valeo SA, Autoliv Inc., and HELLA KGaA Hueck & Co.

Global Automotive Radar Market Size

Demand For Safety Features In Automobiles To Boost The Global Automotive Radar Market

The aspects such as a surge in the demand for safety attributes in automobiles and augmentation in the demand for comfortable driving impel the expansion of the market. Additionally, the stringent rules and regulations for security features are likely to boost the growth of the automotive RADAR market. Nevertheless, the factors like low efficiency in bad weather conditions and high cost & complex structure are expected to hinder the development of the market. Additionally, the increase in industrial advancement and modernization in ADAS (Advanced Driver Assistance System) is estimated to generate several opportunities for the contenders in the automotive RADAR market.

The global automotive radar market is bifurcated on the basis of the range, application, frequency, vehicle type, and regional analysis. Based on the application, the market is divided into ACC (adaptive cruise control), BSD (blind spot detection), AEB (autonomous emergency braking), intelligent park assist, forward collision warning system, and other ADAS applications. Based on the frequency, the market is divided into 77 GHz, 24 GHz, and 79 GHz. Based on the range, the market is divided into LRR (long range RADAR) and S&MRR (short & medium range RADAR). Based on the vehicle type, the market is divided into passenger car and commercial vehicles.

The Europe Region To Witness Massive Growth In The Global Automotive Radar Market

Based on the geographical analysis, the global automotive radar market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The European region is anticipated to be the most potential region owing to the incidence of giant original equipment manufacturers. Moreover, the EC’s (European Commission) 79 GHz plan to utilize short range radar equipment in European countries boosted the penetration of automotive radar systems across the European market. Following the region, the North American region is anticipated to be the next chief market.

Browse the full “Automotive Radar Market - By Application (Adaptive Cruise Control, Blind Spot Detection, Autonomous Emergency Braking, Intelligent Park Assist, Forward Collision Warning System, and Other), By Frequency (24 GHz, 77 GHz, and 79 GHz), By Range (Long Range RADAR and Short & Medium Range RADAR), By Vehicle Type (Passenger Car and Commercial Vehicles), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032.” Report at https://www.zionmarketresearch.com/report/automotive-radar-market

The global automotive radar market is segmented as follows:

By application:

  • Blind Spot Detection (BSD)
  • Forward Collision Warning System
  • Adaptive Cruise Control (ACC)
  • Autonomous Emergency Braking (AEB)
  • Intelligent Park Assist
  • Other ADAS Applications

By frequency:

  • 24 GHz
  • 77 GHz
  • 79GHz

By range:

  • Short & Medium Range RADAR (S&MRR)
  • Long Range RADAR (LRR)

By vehicle type:

  • Commercial Vehicles
  • Passenger Car

By region:

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

twitter

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed