Global Automotive Radar Market Size Study, by Range (Short Range, Medium Range, Long Range), by Vehicle Type (PC, LCV, HCV), and Regional Forecasts 2022-2032

Global Automotive Radar Market Size Study, by Range (Short Range, Medium Range, Long Range), by Vehicle Type (PC, LCV, HCV), and Regional Forecasts 2022-2032

The global automotive radar market, valued at approximately USD 5.03 billion in 2023, is projected to expand at a staggering CAGR of 31.10% during the forecast period of 2024-2032. Automotive radar systems, a cornerstone of advanced driver-assistance systems (ADAS), leverage cutting-edge radar technologies to enhance vehicle safety, improve situational awareness, and enable semi-autonomous and autonomous functionalities. These systems, operating on high-frequency bands such as 24 GHz and 77 GHz, offer unparalleled precision in detecting objects, identifying threats, and supporting adaptive cruise control, collision avoidance, and lane-keeping systems.

As the automotive industry races toward autonomous mobility, the adoption of radar technology is accelerating. With increasing regulatory mandates on safety and the integration of ADAS features across vehicle categories, demand for short-range, medium-range, and long-range radar systems is witnessing exponential growth. Electric and hybrid propulsion vehicles are particularly benefitting from these advancements, as radar systems seamlessly integrate into the architecture of next-generation mobility solutions. The market is also bolstered by innovations in radar technology, such as higher accuracy, faster response times, and improved signal processing capabilities, ensuring reliable performance even in adverse weather conditions.

While the prospects for the automotive radar market are promising, challenges such as high manufacturing costs and spectrum congestion due to overlapping frequencies must be addressed. However, collaborations between automakers, semiconductor companies, and regulatory bodies are paving the way for scalable, cost-effective solutions. Increasing investments in R&D and advancements in complementary technologies like artificial intelligence and machine learning are also enabling dynamic radar performance improvements.

Regionally, North America holds a dominant position in the market, driven by robust investments in autonomous driving technologies and a mature automotive ecosystem. Europe follows closely, with stringent safety regulations and government initiatives supporting the deployment of radar-based ADAS in passenger and commercial vehicles. Meanwhile, the Asia-Pacific region is expected to exhibit the fastest growth, fueled by rising vehicle production, urbanization, and increasing adoption of advanced safety systems in emerging markets such as China, India, and South Korea.

Major market players included in this report are:
• Robert Bosch GmbH
• Continental AG
• Denso Corporation
• Aptiv PLC
• Veoneer, Inc.
• NXP Semiconductors
• Infineon Technologies AG
• Hella KGaA Hueck & Co.
• ZF Friedrichshafen AG
• Texas Instruments Inc.
• Valeo
• Analog Devices, Inc.
• Mitsubishi Electric Corporation
• Magna International Inc.
• Autoliv, Inc.

The detailed segments and sub-segment of the market are explained below:

By Range:
• Short Range
• Medium Range
• Long Range

By Vehicle Type:
• Passenger Cars (PC)
• Light Commercial Vehicles (LCV)
• Heavy Commercial Vehicles (HCV)

By Frequency:
• 2X-GHz
• 7X-GHz

By Propulsion:
• Internal Combustion Engine (ICE)
• Electric

By Application:
• Adaptive Cruise Control (ACC)
• Collision Avoidance System (CAS)
• Blind Spot Detection (BSD)
• Lane Departure Warning Systems (LDWS)
• Autonomous Emergency Braking (AEB)
• Others

By Region:

North America:
• U.S.
• Canada

Europe:
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific:
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America:
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa:
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:
• Market estimates & forecasts for 10 years from 2022 to 2032.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level insights.
• Competitive landscape with information on major market players.
• Analysis of key business strategies and recommendations for future market approaches.
• Competitive structure analysis of the market.
• Demand-side and supply-side analysis of the market.

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