Automotive Radar Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Automotive RADAR Market
The automotive RADAR market size was valued at USD 4.74 billion in 2023, and the market is now projected to grow from USD 5.11 billion in 2024 to USD 11.23 billion by 2032, exhibiting a CAGR of 10.3% during the forecast period of 2024-2032.
The COVID-19 pandemic created big opportunities at the automotive RADAR market growth increase as curbing covid-19 outbreak was prioritized. Strict social distancing measures and nationwide lockdowns introduced approximately the whole shutdown of numerous OEM manufacturing centers, disrupting the flow of raw materials and adversely impacting the company as a whole.
The automotive RADAR market share globally has been contributed due to the stringent authorities’ guidelines concerning car protection. Road accidents are the main motive for the deaths of people worldwide; the alarming range of deaths because of road injuries has forced governments to impose strict regulations on the auto industry. Hence, ruling businesses internationally have advanced stringent policies to decrease the number of avenue accidents and death tolls.
Furthermore, there’s been a notable trend of emergence of automotive radar for autonomous driving. Autonomous automobiles require rather state-of-the-art sensor structures to recognize their environment correctly and make properly-versed decisions in real time. Automotive radar plays a crucial role in imparting essential records about the automobile's surroundings, which includes the detection of objects, pedestrians, motors, and avenue infrastructure.
Comprehensive Analysis of Automotive RADAR Market
The automotive RADAR market and automotives industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the automotives industry. These segmentations are methodically segregated by types of range, application and frequency. The range types include, Short-Range Radar, Medium-Range Radar, and Long-Range Radar. However, the frequency is such as 24 Ghz and 77 Ghz.
The Asia Pacific region is conducive to the global automotive RADAR market, leading to a recall of USD 1.96 billion owing to next-generation technologies. The OEMs operating in this vicinity provide subsequent-technology technologies for enhancing site visitor congestion and the delivery's standard convenience. Manufacturers in this region focus more on growing excessive-end packages to draw extra clients and have a lead over their competitors. These elements will fuel the growth of the marketplace in this place.
The top players in the market play a crucial role in the automotives industry assuring industrial prospectus growth and setting market standards. These players include, Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Aptiv (Ireland), Autoliv Inc. (Sweden), Veoneer (Sweden), Valeo SA (France), NXP Semiconductors NV (Netherlands), Texas Instruments Incorporated (U.S.), ZF Friedrichshafen AG (Germany), Infineon Technologies AG (Germany), and Renesas Electronics Corporation (Japan) these market players provide a level-playing competitive landscape.
In July 2022, Bosch, the sector's main automotive dealer, announced a partnership with the Swedish technology organization Gapwaves to develop excessive-definition radar antennas for automobile applications. Gapwaves will provide guides with its antenna knowledge and Bosch with its radar sensor and self-sustaining use of expertise.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 10.3% from 2024 to 2032
Unit Value (USD Billion) and Volume (Thousand Units)
Segmentation By Range
Short-Range Radar
Medium-Range Radar
Long-Range Radar
By Application
Adaptive Cruise Control (ACC)
Autonomous Emergency Braking (AEB)
Forward-Collision Warning System (FCWS)
Blind Spot Detection (BSD)
Intelligent Parking Assistance
By Frequency
24 GHz
77 GHz
By Geography
North America (By Range, By Application, By Frequency)
- U.S. (By Range)
- Canada (By Range)
- Mexico (By Range)
Europe (By Range, By Application, ByFrequency )
- U.K. (By Range)
- Germany (By Range)
- France (By Range)
- Rest of Europe (By Range)
Asia Pacific (By Range, By Application, ByFrequency)
- China (By Range)
- Japan (By Range)
- India (By Range)
- South Korea (By Range)
- Rest of Asia Pacific (By Range)
Rest of the World (By Range, By Application, By Frequency)
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Virtual Reality (VR) in Healthcare Key Players Market Share Insights and Analysis, 2023
- 5. Global Virtual Reality (VR) in Healthcare Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Component (USD)
- 5.2.1. Hardware
- 5.2.2. Software
- 5.2.3. Content
- 5.3. By Application (USD)
- 5.3.1. Pain Management
- 5.3.2. Education & Training
- 5.3.3. Surgery
- 5.3.4. Patient Care Management
- 5.3.5. Rehabilitation & Therapy Procedures
- 5.3.6. Others (Post-Traumatic Stress Disorder (PTSD), etc.)
- 5.4. By Region (USD)
- 5.4.1. North America
- 5.4.2. Latin America
- 5.4.3. Europe
- 5.4.4. Middle East & Africa
- 5.4.5. Asia Pacific
- 6. North America Virtual Reality (VR) in Healthcare Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Component (USD)
- 6.2.1. Hardware
- 6.2.2. Software
- 6.2.3. Content
- 6.3. By Application (USD)
- 6.3.1. Pain Management
- 6.3.2. Education & Training
- 6.3.3. Surgery
- 6.3.4. Patient Care Management
- 6.3.5. Rehabilitation & Therapy Procedures
- 6.3.6. Others (Post-Traumatic Stress Disorder (PTSD), etc.)
- 6.4. By Country (USD)
- 6.4.1. United States
- 6.4.1.1. By Component
- 6.4.2. Canada
- 6.4.2.1. By Component
- 7. Latin America Virtual Reality (VR) in Healthcare Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Component (USD)
- 7.2.1. Hardware
- 7.2.2. Software
- 7.2.3. Content
- 7.3. By Application (USD)
- 7.3.1. Pain Management
- 7.3.2. Education & Training
- 7.3.3. Surgery
- 7.3.4. Patient Care Management
- 7.3.5. Rehabilitation & Therapy Procedures
- 7.3.6. Others (Post-Traumatic Stress Disorder (PTSD), etc.)
- 7.4. By Country (USD)
- 7.4.1. Brazil
- 7.4.1.1. By Component
- 7.4.2. Mexico
- 7.4.2.1. By Component
- 7.4.3. Argentina
- 7.4.3.1. By Component
- 7.4.4. Rest of South America
- 8. Europe Virtual Reality (VR) in Healthcare Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Component (USD)
- 8.2.1. Hardware
- 8.2.2. Software
- 8.2.3. Content
- 8.3. By Application (USD)
- 8.3.1. Pain Management
- 8.3.2. Education & Training
- 8.3.3. Surgery
- 8.3.4. Patient Care Management
- 8.3.5. Rehabilitation & Therapy Procedures
- 8.3.6. Others (Post-Traumatic Stress Disorder (PTSD), etc.)
- 8.4. By Country (USD)
- 8.4.1. United Kingdom
- 8.4.1.1. By Component
- 8.4.2. Germany
- 8.4.2.1. By Component
- 8.4.3. France
- 8.4.3.1. By Component
- 8.4.4. Italy
- 8.4.4.1. By Component
- 8.4.5. Spain
- 8.4.5.1. By Component
- 8.4.6. Rest of Europe
- 9. Middle East & Africa Virtual Reality (VR) in Healthcare Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Component (USD)
- 9.2.1. Hardware
- 9.2.2. Software
- 9.2.3. Content
- 9.3. By Application (USD)
- 9.3.1. Pain Management
- 9.3.2. Education & Training
- 9.3.3. Surgery
- 9.3.4. Patient Care Management
- 9.3.5. Rehabilitation & Therapy Procedures
- 9.3.6. Others (Post-Traumatic Stress Disorder (PTSD), etc.)
- 9.4. By Country (USD)
- 9.4.1. GCC
- 9.4.1.1. By Component
- 9.4.2. South Africa
- 9.4.2.1. By Component
- 9.4.3. Rest of MEA
- 10. Asia Pacific Virtual Reality (VR) in Healthcare Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Component (USD)
- 10.2.1. Hardware
- 10.2.2. Software
- 10.2.3. Content
- 10.3. By Application (USD)
- 10.3.1. Pain Management
- 10.3.2. Education & Training
- 10.3.3. Surgery
- 10.3.4. Patient Care Management
- 10.3.5. Rehabilitation & Therapy Procedures
- 10.3.6. Others (Post-Traumatic Stress Disorder (PTSD), etc.)
- 10.4. By Country (USD)
- 10.4.1. China
- 10.4.1.1. By Component
- 10.4.2. India
- 10.4.2.1. By Component
- 10.4.3. Japan
- 10.4.3.1. By Component
- 10.4.4. Southeast Asia
- 10.4.4.1. By Component
- 10.4.5. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Koninklijke Philips N.V.
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Samsung Electronics Co. Ltd.
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. CAE Healthcare
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. EON Reality
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Oculus Rift (Facebook Inc.)
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Medical Realities Ltd.
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. XRHealth USA, Inc.
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Amelia (formerly Psious VR)
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. HTC Corporation
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Sony Corporation
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 11.11. PsyTech VR
- 11.11.1. Overview
- 11.11.1.1. Key Management
- 11.11.1.2. Headquarters
- 11.11.1.3. Offerings/Business Segments
- 11.11.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.11.2.1. Employee Size
- 11.11.2.2. Past and Current Revenue
- 11.11.2.3. Geographical Share
- 11.11.2.4. Business Segment Share
- 11.11.2.5. Recent Developments
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