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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 (2017-2027); 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 2022-2027 to attain USD 8.9 billion by 2027.

 

Global Automotive Radar Market

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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.

 

Global Automotive Radar Market Segment

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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.

 

Global Automotive Radar Market Region

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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 2021
Historical Period 2017-2021
Forecast Period 2022-2027
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.

 

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Automotive Radar Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Automotive Radar Historical Market (2017-2021) 
    8.3    Global Automotive Radar Market Forecast (2022-2027)
    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 (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Medium and Short-Range Radar
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    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 (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Commercial Vehicles
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    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 (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Autonomous Emergency Braking (AEB)
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Blind Spot Detection (BSD)
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Forward Collision Warning (FCW)
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Intelligent Park Assist
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Other ADAS Systems
    8.7    Global Automotive Radar Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price    
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Continental AG
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Denso Corporation
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3     Hella KGaA Hueck & Co.  
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Infineon Technologies AG
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Veoneer, Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Automotive Radar Market: Key Industry Highlights, 2017 and 2027
2.    Global Automotive Radar Historical Market: Breakup by Range (USD Billion), 2017-2021
3.    Global Automotive Radar Market Forecast: Breakup by Range (USD Billion), 2022-2027
4.    Global Automotive Radar Historical Market: Breakup by Vehicle Type (USD Billion), 2017-2021
5.    Global Automotive Radar Market Forecast: Breakup by Vehicle Type (USD Billion), 2022-2027
6.    Global Automotive Radar Historical Market: Breakup by Application (USD Billion), 2017-2021
7.    Global Automotive Radar Market Forecast: Breakup by Application (USD Billion), 2022-2027
8.    Global Automotive Radar Historical Market: Breakup by Region (USD Billion), 2017-2021
9.    Global Automotive Radar Market Forecast: Breakup by Region (USD Billion), 2022-2027
10.    North America Automotive Radar Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    North America Automotive Radar Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Europe Automotive Radar Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Europe Automotive Radar Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Asia Pacific Automotive Radar Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Asia Pacific Automotive Radar Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Latin America Automotive Radar Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Latin America Automotive Radar Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Middle East and Africa Automotive Radar Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Middle East and Africa Automotive Radar Market Forecast: Breakup by Country (USD Billion), 2022-2027
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 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 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 2022-2027, 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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