Global Automotive Radar Sensors Market 2024-2028
The automotive radar sensors market is forecasted to grow by USD 6.51 bn during 2023-2028, accelerating at a CAGR of 14.01% during the forecast period. The report on the automotive radar sensors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by availability of high-frequency radar sensors, growing shift toward solid-state radar technology, and integration of radar sensors with other sensor technologies.
Technavio's automotive radar sensors market is segmented as below:
By Type
- Medium-range
- Long-range
- Short-range
By Application
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the increased accuracy in perceiving environment through sensor fusion technique as one of the prime reasons driving the automotive radar sensors market growth during the next few years. Also, emergence of intelligent transportation and rapidly increasing electronic content in vehicles will lead to sizable demand in the market.
The report on the automotive radar sensors market covers the following areas:
- Automotive radar sensors market sizing
- Automotive radar sensors market forecast
- Automotive radar sensors market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive radar sensors market vendors that include Acconeer AB, AISIN CORP., Arbe Robotics Ltd, AU Inc, Autoliv Inc., Banner Engineering Corp., DENSO Corp., Faurecia SE, Infineon Technologies AG, Tsien UK Ltd, MediaTek Inc., NXP Semiconductors NV, Renesas Electronics Corp., Robert Bosch GmbH, Rohde and Schwarz GmbH and Co. KG, S.m.s Smart Microwave Sensors GmbH, Schaeffler AG, Texas Instruments Inc., Valeo SA, Vayyar Imaging Ltd., and Eravant. Also, the automotive radar sensors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.