According to Markntel Advisors Report, Automotive Radar Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Automotive radars are onboard sensors that sense objects and measure their distance and speed. They are designed to use radar radio signals to detect potential hazards and support systems, such as radar cruise control, collision avoidance, or automatic braking, that excel in the security and navigation skills of the vehicle.
Global Automotive Radar Market Research Report & Summary:
The Global Automotive Radar Market size was valued at around USD 6.8 billion in 2024 and is projected to reach USD 34 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 31% during the forecast period, i.e., 2025-30.
Time Period Captured in the Report:
· Historical Years: 2020-2023
· Base Years: 2024
· Forecast Years: 2025-2030
Who are the Key Players Operating in the Automotive Radar Market?
The top companies of the Automotive Radar Market ruling the industry are:
Robert Bosch GmbH, Continental AG, Denso Corporation, Aptiv, Autoliv Inc., Veoneer, Valeo SA, Delphi Automotive Company, NXP Semiconductors NV, HELLA GmbH & Co. KGaA, Texas Instruments Incorporated, ZF Friedrichshafen AG, Infineon Technologies AG, Renesas Electronics Corporation, Analog Devices, Inc., and others
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What is Included in Automotive Radar Market Segmentation?
The Automotive Radar Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Range
-Short Range Radar- Market Size & Forecast 2020-2030, USD Billion
-Medium Range Radar- Market Size & Forecast 2020-2030, USD Billion
-Long Range Radar- Market Size & Forecast 2020-2030, USD Billion
-By Propulsion Type
-Internal Combustion Engine (ICE)- Market Size & Forecast 2020-2030, USD Billion
-Electric- Market Size & Forecast 2020-2030, USD Billion
-By Vehicle Type
-Passenger Vehicles- Market Size & Forecast 2020-2030, USD Billion
-Light Commercial Vehicles- Market Size & Forecast 2020-2030, USD Billion
-Heavy Commercial Vehicles- Market Size & Forecast 2020-2030, USD Billion
-By Frequency
-2X GHZ System- Market Size & Forecast 2020-2030, USD Billion
-7X GHZ System- Market Size & Forecast 2020-2030, USD Billion
-By Application
-Adaptive Cruise Control- Market Size & Forecast 2020-2030, USD Billion
-Automatic Emergency Braking- Market Size & Forecast 2020-2030, USD Billion
-Blind Spot Detection- Market Size & Forecast 2020-2030, USD Billion
-Forward Collision Warning System- Market Size & Forecast 2020-2030, USD Billion
-Intelligent Parking Assistant- Market Size & Forecast 2020-2030, USD Billion
-Cross Traffic Alerts- Market Size & Forecast 2020-2030, USD Billion
-Lane Departure Warning Systems- Market Size & Forecast 2020-2030, USD Billion
-Traffic Jam Assist- Market Size & Forecast 2020-2030, USD Billion
-Others- Market Size & Forecast 2020-2030, USD Billion
-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Explore the Complete Automotive Radar Market Analysis Report – https://www.marknteladvisors.com/research-library/automotive-radar-market.html
Global Automotive Radar Market Driver:
High Prevalence of Accidents Creating Intensive Demand – The vast level of accidents reported worldwide is largely accountable for the high demand for automotive radar. As stated by the World Health Organization, accidents account for about 1.19 million deaths per year worldwide with 20 to 50 million left with nonfatal injuries. Such road traffic injuries remain the foremost cause of death among children and young adults aged 5-29 years. More than half of all road traffic deaths are among vulnerable road users, including pedestrians, cyclists, and riders alike. These increased statistics substantiate the need for urgent deployment of high-tech safety measures. This could be provided by the incorporation of automotive radar systems through their features integrated within the vehicles that tend to avert accidents. To prevent these large numbers of accidents the regulatory authorities around the globe are mandating the conventionalization of such safety features in new vehicles, hence, escalating the demand for automotive radar systems.
Global Automotive Radar Market Opportunity:
Emergence of 4D Radar Technology – The rise of 4D radar technology presents a significant opportunity for radar markets. This highly advanced technology can increase vehicle ambient vision whose image would be clear at medium range and in real-time with all 4-dimensions including length, width, height & time. This will further help in the precise detection of objects, pedestrians, and vehicles, making it a crucial upgrade for autonomous driving systems. Various companies like Continental AG, and Robert Bosch GmbH, have already started creating multi-frequency and multi-mode radar systems that enhance their applications in several environments. Fourth-dimensional radar technology also offers promising and advanced applications for the integration of other sensor technologies such as LiDAR and cameras.
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