MarkNtel Advisors recently published a detailed industry analysis of the Global Automotive Radar Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Automotive Radar Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The 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. 

Key Findings in Global Automotive Radar Market:

• Historical Analysis: 2020–2023
• Base Year: 2024
• Forecast Period: 2025–2030

Leading Market Players- 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

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global Automotive Radar industry?

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.

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What segments define the Global Automotive Radar Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

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

According to report, Based on propulsion type, the Internal Combustion Engine (ICE) dominates the Global Automotive Radar market. It holds approx. 72% of the total market value.

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

According to report, Based on the vehicle type, passenger vehicles lead the Global Automotive Radar Market. It holds approx. 68% of the total market. 

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

Explore the Complete Global Automotive Radar Market Analysis Report – https://www.marknteladvisors.com/research-library/automotive-radar-market.html

Geographical Analysis: Global Automotive Radar Market

 By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Global Automotive Radar Market Recent Development:

• January 2024: NXP Semiconductors NV introduced a new 28 nm RFCMOS radar chip for advanced driver-assistance systems in modern vehicles. This chip supports distributed radar setups and helps transition from current smart sensors to future streaming sensors.
• January 2024: Texas Instruments Incorporated launched new radar sensor chips designed to create smarter and safer vehicles. The AWR2544 77GHz mmWave radar sensor chips enhance autonomy by improving sensor fusion and decision-making in ADAS.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Automotive Radar Market?
• How is the Global Automotive Radar Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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