Global Automotive Radar Sensors Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Vehicle Type;

Passenger Car, Economic PC, Mid-Sized PC, Luxury PC and Commercial Vehicles.

By Application;

Lane Change Assist (LCA), Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Blind Spot Detection (BSD), Forward Collision Warning System (FCWS), Rear Cross Traffic Assist (RCTA), Intelligent Parking Assistance (IPA), Others.

By Range;

Short Range, Medium Range and Long Range.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn455233295 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Radar Sensors Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Radar Sensors Market was valued at USD 3,368.71 million. The size of this market is expected to increase to USD 11,723.01 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 19.5%.

The automotive radar sensors market is expected to experience significant growth in the coming years, driven by factors such as technological innovation, increasing safety requirements, and regulatory mandates. Radar sensors play a crucial role in enabling various safety features in vehicles, including collision avoidance systems. By emitting radio waves and measuring their reflection to detect the distance and speed of objects, radar sensors help enhance driver safety by reducing the risk of accidents. As the automotive industry continues to evolve with electrification and mobility trends, the demand for radar sensors is expected to increase, particularly with the growing production of passenger and commercial vehicles.

Radar sensors primarily utilize Frequency Modulated Continuous Wave (FMCW) radar technology to detect both moving and stationary objects. These sensors are essential for implementing advanced safety features such as Lane Change Assist (LCA), Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Blind Spot Detection (BSD), and Forward Collision Warning System (FCWS) in vehicles. By providing real-time information about the vehicle's surroundings, radar sensors contribute to improving driver awareness and reducing the likelihood of accidents. The use of radar sensors is crucial in addressing driver safety challenges and enhancing overall road safety.

The automotive radar sensors market is segmented based on application, range, and vehicle type. In terms of application, radar sensors find widespread use in various safety systems such as Adaptive Cruise Control (ACC), which automatically adjusts vehicle speed to maintain a safe distance between vehicles. Additionally, radar sensors are classified based on range into short range, medium range, and long range, with short-range sensors dominating the market due to their extensive use in adaptive cruise control systems. As automotive manufacturers continue to prioritize safety features and integrate radar sensors into vehicles, the market for automotive radar sensors is poised for significant growth in the foreseeable future.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Range
    4. Market Snapshot, By Region
  4. Global Automotive Radar Sensors Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological innovation
        2. Increased safety requirements
        3. Regulatory mandates
        4. Electrification and mobility trends
      2. Restraints
        1. Limited performance in adverse conditions
        2. Regulatory hurdles
        3. Interference and false alarms
        4. Privacy and data security concerns
      3. Opportunities
        1. Technological innovation
        2. Increased vehicle electrification
        3. Growing demand for safety features
        4. Regulatory mandates
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Radar Sensors Market, By Vehicle Type, 2020- 2030 (USD Million)
      1. Passenger Car
      2. Economic P
      3. Mid-Sized PC
      4. Luxury PC
      5. Commercial Vehicles
    2. Global Automotive Radar Sensors Market, By Application, 2020 - 2030 (USD Million)
      1. Lane Change Assist (LCA)
      2. Adaptive Cruise Control (ACC)
      3. Autonomous Emergency Braking (AEB)
      4. Blind Spot Detection (BSD)
      5. Forward Collision Warning System (FCWS)
      6. Rear Cross Traffic Assist (RCTA)
      7. Intelligent Parking Assistance (IPA)
      8. Others
    3. Global Automotive Radar Sensors Market, By Range, 2020 - 2030 (USD Million)
      1. Short Range
      2. Medium Range
      3. Long Range
    4. Global Automotive Radar Sensors Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Robert Bosch GmbH (Germany)
      2. HELLA KGaA (Germany)
      3. Continental AG (Germany)
      4. Denso Corporation (Japan)
      5. Autoliv Inc. (Sweden)
      6. Valeo S.A (France)
      7. Infineon Technologies AG (Germany)
      8. NXP Semiconductors N.V (Netherlands)
      9. Texas Instruments Incorporated. (U.S.)
  7. Analyst Views
  8. Future Outlook of the Market