Automotive Radar Market Share, Growth, Trends and Forecast, 2027

Automotive Radar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A3916

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Market Overview:

The global automotive radar market size reached US$ 3.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.4 Billion by 2027, exhibiting a growth rate (CAGR) of 23.01% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Automotive radar refers to a system installed in automobiles to detect the speed and range of objects in the vicinity of the car. It locates objects through a transmitter that sends out a receiver and radio waves that hit the object and then bounce back to the receiver, thereby making it possible to detect the distance, speed, and direction of the object. This helps avoid collisions, detect pedestrians and cyclists, and also complements the vision-based camera-sensing system. Nowadays, a wide variety of automotive radars are available in the market. Long-range automotive radars are utilized for measuring the distance and speed of other vehicles, medium-range radars help in detecting objects into a broader field of view, and short-range radars sense objects near the vehicle.

Automotive Radar Market Trends:

The global automotive radar market is primarily driven by the growing incidences of road accidents that have necessitated safety features in automobiles for safer mobility. Governments across the world are also implementing stringent regulations and initiatives to develop vehicle safety systems. Besides this, the growing trend of autonomous vehicles and the electrification of vehicles have escalated the demand for automotive radars. They offer adaptive cruise control and are critical components of the autonomous driving assistance systems (ADAS). Moreover, technological advancements in the automotive sector, such as the development of high-performance compact radars at low manufacturing costs, are providing a positive impact on the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive radar market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on range, vehicle type and application.

Breakup by Range:

Long Range
Medium and Short Range

Breakup by Vehicle Type:

Passenger Cars
Commercial Vehicles

Breakup by Application:

Adaptive Cruise Control (ACC)
Autonomous Emergency Braking (AEB)
Blind Spot Detection (BSD)
Forward Collision Warning (FCW)
Intelligent Park Assist
Others

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Analog Devices Inc, Aptiv plc, Autoliv Inc., Continental AG, Denso Corporation, HELLA GmbH & Co. KGaA, Infineon Technologies AG, NXP Semiconductors, Robert Bosch GmbH, Texas Instruments Incorporated, Valeo and ZF Friedrichshafen AG.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2021
Historical Period	2016-2021
Forecast Period	2022-2027
Units	US$ Billion
Segment Coverage	Range, Vehicle Type, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Analog Devices Inc, Aptiv plc, Autoliv Inc., Continental AG, Denso Corporation, HELLA GmbH & Co. KGaA, Infineon Technologies AG, NXP Semiconductors, Robert Bosch GmbH, Texas Instruments Incorporated, Valeo and ZF Friedrichshafen AG
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the global automotive radar market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global automotive radar market?
What are the key regional markets?
What is the breakup of the market based on the range?
What is the breakup of the market based on the vehicle type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global automotive radar market and who are the key players?
What is the degree of competition in the industry?

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