Global Automotive Radar Market Growth 2024-2030

Global Automotive Radar Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Automotive Radar market size was valued at US$ 5191.3 million in 2023. With growing demand in downstream market, the Automotive Radar is forecast to a readjusted size of US$ 15390 million by 2030 with a CAGR of 16.8% during review period.

The research report highlights the growth potential of the global Automotive Radar market. Automotive Radar are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Automotive Radar. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Automotive Radar market.

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.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.

Key Features:

The report on Automotive Radar market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Automotive Radar market. It may include historical data, market segmentation by Type (e.g., Long Range Radar Sensor, Medium Range Radar Sensor), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Automotive Radar market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Automotive Radar market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Automotive Radar industry. This include advancements in Automotive Radar technology, Automotive Radar new entrants, Automotive Radar new investment, and other innovations that are shaping the future of Automotive Radar.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Automotive Radar market. It includes factors influencing customer ' purchasing decisions, preferences for Automotive Radar product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Automotive Radar market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Automotive Radar market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Automotive Radar market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Automotive Radar industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Automotive Radar market.

Market Segmentation:

Automotive Radar market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

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?

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