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Global Automotive Radar Market: By Range: Long Range Radar, Medium and Short-Range Radar; By Vehicle Type: Passenger Cars, Commercial Vehicles; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Automotive Radar Market Outlook
The global automotive radar market stood at a value of around USD 4.4 billion in 2021. The market is further expected to grow at a CAGR of 12.70% in the forecast period of 2023-2028 to attain USD 8.9 billion by 2027.
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Growing Demand for Long-Range Automotive Radars to Bolster the Growth of the Automotive Radar Industry
Based on range, the long-range radar segment accounts for a significant share in the market and is anticipated to witness a steady growth in the forecast period. Long-range radar system uses the 77 GHz band, which provides better accuracy and enhanced resolution in a smaller package. This factor is driving the segment growth. The market is anticipated to be augmented by the emergence of long-range radar systems as a standard feature in modern vehicles. Over the forecast period, the growing awareness about the greater comfort and the ameliorated safety offered by this type of system is likely to be a major driving factor in the market. Furthermore, long-range automotive radar has the ability to detect objects located as far as 500 metre away from the vehicle. This enables the driver to get an idea of how hostile an area can be for the vehicle.
Europe Accounts for the a Significant Share in the Market
The automotive radar industry in Europe is driven by the increasing number of manufacturers and suppliers of automotive radars with specific frequency variants. The market in the region is bolstered by the increasing sales of automobiles, owing to the presence of major automobile manufacturers in the region. Over the forecast period, the increasing government efforts to support the automation of vehicles is expected to aid the industry growth. The market in the region will further be aided by the rising disposable income and growing popularity of advanced automobiles among the working class.
Automotive Radar: Market Segmentation
Automotive radar is defined as a device which is used to detect the speed and range of objects in the vicinity of the car. Transmitter and receiver are two integral and crucial components of an automotive radar. Transmitter sends out radio waves that hit an object and bounce back to the receiver.
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Based on range, the market is segmented into:
- Long Range Radar
- Medium and Short-Range Radar
The segmentation of the market on the basis of vehicle type include:
- Passenger Cars
- Commercial Vehicles
The major applications of the product include:
- Adaptive Cruise Control (ACC)
- Autonomous Emergency Braking (AEB)
- Blind Spot Detection (BSD)
- Forward Collision Warning (FCW)
- Intelligent Park Assist
- Other ADAS Systems
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Safety Concerns among Passengers to Boost the Growth of the Automotive Radar Industry
The global automotive radar industry is being driven by the rising safety concerns among vehicle drivers and passengers, owing to the rising cases of accidents and traffic congestion. The significant investment by the major car manufacturers in the upgradation of automobiles in order to augment the safety of the commercial and passenger cars is another major factor driving the market. However, the use of RADAR detectors is considered illegal in some countries. But this restraint is likely to be impeded by the favourable government regulations in the emerging economies, which is likely to propel the market growth. Furthermore, the growing adoption of automotive radars by the military to bolster the safety of armoured vehicles is anticipated to propel the product’s demand in the forecast period.
Key Industry Players in the Global Automotive Radar Market
The report gives a detailed analysis of the following key players in the global automotive radar market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Continental AG
- Denso Corporation
- Hella KGaA Hueck & Co.
- Infineon Technologies AG
- Veoneer, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Range, Vehicle Type, Application, Region |
| Breakup by Range | Long Range Radar, Medium and Short-Range Radar |
| 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, Other ADAS Systems |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Continental AG, Denso Corporation, Hella KGaA Hueck & Co., Infineon Technologies AG, Veoneer, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Radar Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Radar Historical Market (2018-2022)
8.3 Global Automotive Radar Market Forecast (2023-2028)
8.4 Global Automotive Radar Market by Range
8.4.1 Long Range Radar
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Medium and Short-Range Radar
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Automotive Radar Market by Vehicle Type
8.5.1 Passenger Cars
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Commercial Vehicles
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Automotive Radar Market by Application
8.6.1 Adaptive Cruise Control (ACC)
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Autonomous Emergency Braking (AEB)
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Blind Spot Detection (BSD)
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Forward Collision Warning (FCW)
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Intelligent Park Assist
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Other ADAS Systems
8.7 Global Automotive Radar Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Automotive Radar Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Automotive Radar Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Automotive Radar Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Automotive Radar Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Automotive Radar Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Continental AG
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Denso Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Hella KGaA Hueck & Co.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Infineon Technologies AG
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Veoneer, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Radar Market: Key Industry Highlights, 2018 and 2028
2. Global Automotive Radar Historical Market: Breakup by Range (USD Billion), 2018-2022
3. Global Automotive Radar Market Forecast: Breakup by Range (USD Billion), 2023-2028
4. Global Automotive Radar Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2022
5. Global Automotive Radar Market Forecast: Breakup by Vehicle Type (USD Billion), 2023-2028
6. Global Automotive Radar Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Automotive Radar Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Automotive Radar Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Automotive Radar Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Automotive Radar Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Automotive Radar Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Automotive Radar Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Automotive Radar Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Automotive Radar Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Automotive Radar Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Automotive Radar Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Automotive Radar Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Automotive Radar Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Automotive Radar Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Automotive Radar Market Structure
Key Questions Answered in the Report
In 2021, the global automotive radar market attained a value of nearly USD 4.4 billion.
The market is estimated to grow at a CAGR of 12.70% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of around USD 8.9 billion by 2027.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the growing concerns about the safety and security of passengers, growing sales of automobiles in the emerging economies, favourable government policies aimed towards improving the safety of passengers, the rising cases of accidents, and growing traffic congestion and theft.
The rising investments by the major car manufacturers to upgrade existing models in order to enhance passenger safety and security are expected to be the key trends guiding the growth of the industry.
Long range radar and medium and short-range radar are the major product ranges.
Passenger cars and commercial vehicles are the major segments based on vehicle type.
Adaptive cruise control (ACC), autonomous emergency braking (AEB), blind spot detection (BSD), forward collision warning (FCW), intelligent park assist, and other ADAS systems are the significant applications of the product.
The major players in the industry are Continental AG, Denso Corporation, Hella KGaA Hueck & Co., Infineon Technologies AG, and Veoneer, Inc., among others.
Analyst Review
The global automotive radar market attained a value of USD 4.4 billion in 2021, driven by the growing concerns about the safety and security of passengers. Aided by the rapid technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 12.70%. The market is projected to reach USD 8.9 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on range, the market is divided into long range radar, and medium and short-range radar. On the basis of vehicle type, the market is divided into passenger cars and commercial vehicles. The significant applications of the product include adaptive cruise control (ACC), autonomous emergency braking (AEB), blind spot detection (BSD), forward collision warning (FCW), intelligent park assist, and other ADAS systems. The major regional markets for automotive radar are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Continental AG, Denso Corporation, Hella KGaA Hueck & Co., Infineon Technologies AG, and Veoneer, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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