Automotive Radar Market Size Worth USD 8.20 Billion By 2032 | CAGR: 10.5%

Automotive Radar Market Size Worth $8.20 Billion By 2032 | CAGR: 10.5%

The global automotive radar market size is expected to reach USD 8.20 Billion by 2032, according to a new study by Polaris Market Research. The report “Automotive Radar Market Share, Size, Trends, Industry Analysis Report, By Range (Short Range, Medium Range and Long Range); By Vehicle Type; By Sales Channel; By Frequency; By Application, By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rising worldwide automotive sector, as well as the growing popularity of self-driving cars, are important drivers of market expansion. Because of their better performance, increased dependability, and higher precision, higher frequency radar systems are being employed in cars.

Use of vehicle radar systems has expanded dramatically as a result of increased road traffic, rising accident rates, and a growing demand to improve road safety. Growing disposable income, technological developments, and changing lifestyles are further driving market expansion. In the approaching years, the Automotive Radar market will benefit from new growing markets, changing customer demographics, and rigorous government regulations.

Automobile radars employ a 76 GHz to 81 GHz technological platform to facilitate the creation and deployment of individual sensors for a variety of applications. Wider bandwidth allows for greater resolution and improved object identification. The European Commission's 79 GHz initiative intends to accelerate worldwide agreement on the use of the 79 GHz spectrum for vehicle radars. The use of the 79 GHz spectrum for automobile high-resolution short-range radars has been permitted by the Russian Federation, Ukraine, Turkey, and the Balkan area.

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The bulk of commercial car radars now operate with signal bandwidths less than 1 GHz. Nonetheless, numerous chip makers are actively supporting signal bandwidths ranging from 4 GHz to 5 GHz. The increased number of transmitting and receiving antennas allows for 3D imaging. As a result, there is an increasing tendency to improve the range resolution and signal bandwidth of automobile radars.

Automotive Radar Market Report Highlights

  • The medium range radar market has the largest growth in terms of range, owing to their increasing use in a variety of applications like as blind spot detection, lane change assist, and park assist, among others.
  • The passenger car sector is expected to lead the market, owing to the increasing availability of radar-based safety systems in mid-priced passenger vehicles.
  • Adaptive Cruise Control (ACC) have the highest market share due to escalating safety concerns in emerging automotive markets such as India and China.
  • The European region has the highest market size, which may be ascribed to stricter safety standards and NCAP ratings. Because of the quick adoption of radar-based safety features and increased vehicle manufacturing, the Asia Pacific area is expected to develop at the fastest CAGR.
  • The global key market players include Delphi Automotive PLC, Denso Corporation, Continental AG, Infineon Technologies AG, Analog Devices, Inc, ZF Friedrichshafen AG, Robert Bosch GmbH, NXP Semiconductors, Texas Instruments Incorporated, Autoliv Inc., and Hella KGaA Hueck & Co.

Polaris Market Research has segmented the Automotive Radar market report based on Range, vehicle type, sales channel, frequency, application, and region:

Automotive Radar, Range Outlook (Revenue - USD Billion, 2019 - 2032)

  • Short Range
  • Medium Range
  • Long Range

Automotive Radar, Vehicle Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Passenger Vehicles
  • Commercial Vehicles

Automotive Radar, Sales Channel (Revenue - USD Billion, 2019 - 2032)

  • OEM
  • Aftermarket

Automotive Radar, Frequency (Revenue - USD Billion, 2019 - 2032)

  • 2X-GHZ Radar Systems
  • 7X-GHZ Radar Systems

Automotive Radar, Application (Revenue - USD Billion, 2019 - 2032)

  • Blind Spot Detection
  • Adaptive Cruise Control
  • Intelligent Parking Assistance
  • Autonomous Emergency Braking
  • Others

Automotive Radar, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa