The global automotive RADAR market size was valued at US$ 9.90 billion in 2022 and is predicted to touch US$ 191.53 billion by 2032,with a CAGR of 35% from 2023 to 2032.
Automotive RADAR technology encompasses both a transmitter and a receiver, utilized for object detection within a vehicle’s vicinity. The transmitter emits radio signals that strike objects and rebound to the receiver. By gauging the signal’s reflection time, crucial data about the object’s speed, distance, and direction is obtained. Three primary types of RADAR systems are commonly applied in the automotive domain: short-range, medium-range, and long-range. These categories serve distinct purposes; long-range RADARs measure speed and distance, medium-range versions identify objects within the field of view, and short-range variants detect objects, such as aiding in parking assistance.
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The automotive RADAR market is bolstered by stringent regulations and proactive initiatives aimed at promoting vehicle safety systems. Concurrently, decreasing prices of automotive electronic components and advancements in automotive technology drive the demand for RADAR systems. Implementing RADAR technology in vehicles significantly enhances safety by accurately sensing surrounding objects. The World Health Organization (WHO) has warned that without improved vehicle safety standards by 2030, road accidents could become the seventh leading global cause of death. A notable portion of road traffic incidents occurs in developing countries, which account for 54% of the world’s total vehicle population. Consequently, manufacturers see substantial prospects for growth in these regions.
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Report Highlights
Snapshot of Regional Trends
In 2019, Europe commanded the global automotive RADAR market, boasting a significant share of revenue. Being an automotive hub with numerous industry giants, Germany alone accounted for nearly 70% of global premium vehicle production. The region’s robust adoption of eco-friendly mobility and electric vehicles further propels the demand for automotive RADAR systems. However, the Asia Pacific region is projected to experience rapid growth during the forecast period, largely attributed to the widespread adoption of environmentally conscious practices across industries like transportation and mobility, coupled with heightened consumer awareness about environmental degradation.
Key Players and Strategies
The global automotive RADAR market is marked by fierce competition among industry players, driven by substantial investments in product development and enhancement. For example, in July 2015, Continental AG successfully integrated 77GHz RADAR technology into the company’s next-gen mid and short-range automotive RADAR modules through a collaboration with U.S.-based semiconductor firm Freescale Semiconductors. This RADAR system was based on the existing MR2001 scalable RADAR transceiver chipset and S32R RADAR microcontroller, suitable for advanced driver assistance systems (ADAS). Additionally, market participants place considerable emphasis on inorganic growth strategies to gain traction. As seen in 2016, Infineon Technologies AG acquired Dutch semiconductor company Innoluce BV, aiming to reduce RADAR system size and manufacturing costs.
Some of the key players operating in the market are Continental AG, Autoliv Inc., DENSO Corporation, Delphi Automotive Company, NXP Semiconductors, Texas Instruments, Robert Bosch GmbH, ZF Friedrichshafen, Valeo, and Analog among the others.
By Frequency
By Range
By Vehicle Type
By Application
By Regional Outlook
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