Global Automotive Radar Market Growth 2023-2029

Global Automotive Radar Market Growth 2023-2029

An automotive radar is used to locate objects, such as vehicles and pedestrians, in the vicinity of the car. A radar consists of a receiver and a transmitter. The transmitter sends out radio waves that hit an object and bounce back to the receiver. By controlling the direction in which radio waves are sent and received it is possible to detect objects' distance, speed and direction. This requires steerable antennas that can be automatically directed or receive signals simultaneously from several different directions.

LPI (LP Information)' newest research report, the “Automotive Radar Industry Forecast” looks at past sales and reviews total world Automotive Radar sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Radar sales for 2023 through 2029. With Automotive Radar sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Radar industry.

This Insight Report provides a comprehensive analysis of the global Automotive Radar landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Radar portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Radar market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Radar and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Radar.

The global Automotive Radar market size is projected to grow from US$ 5191.3 million in 2022 to US$ 15390 million in 2029; it is expected to grow at a CAGR of 15390 from 2023 to 2029.

The 7X-GHz RADAR sensor is estimated to lead the automotive RADAR market, by frequency, during the forecast period.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Radar market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Long Range Radar Sensor
Medium Range Radar Sensor
Short Range Radar Sensor

Segmentation by application
Commercial Vehicle
Economic Passenger Vehicle
Luxury Passenger Vehicle
Mid-Priced Passenger Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Continental
Bosch
Delphi
Denso
Infineon
NXP Semiconductors
Valeo
Analog Devices
Hella KGaA Hueck
Texas Instruments
Autoliv
ZF

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Radar market?

What factors are driving Automotive Radar market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Radar market opportunities vary by end market size?

How does Automotive Radar break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.