Automotive Disruption Radar Market Forecasts to 2028 – Global Analysis By Range (Short & Medium Range Radar and Long Range Radar), Vehicle Type (Commercial Vehicles and Passenger Cars), Application and By Geography

Automotive Disruption Radar Market Forecasts to 2028 – Global Analysis By Range (Short & Medium Range Radar and Long Range Radar), Vehicle Type (Commercial Vehicles and Passenger Cars), Application and By Geography

According tStratistics MRC, the Global Automotive Disruption Radar Market is accounted for $5.3 billion in 2022 and is expected treach $12.1 billion by 2028 growing at a CAGR of 14.7% during the forecast period. Modern vehicle comfort systems and safety systems utilize a variety of radiofrequency (RF) technologies tmake driving more secure and automated. Automobiles are increasingly being equipped with radar sensors where RF signals are used for safety features such as blind-spot detection, adaptive cruise control, and forward-collision warning, among other features. These sensors enable precise and swift measurement of the range, velocity, and direction of surrounding vehicles. Therefore, it is extensively used across advanced driver assistance systems as they support drivers and help treduce the number of accidents.

According tthe Department of Commerce, imports of SUVs and cars increased by 60.75%, while imports of two-wheelers increased by 243.80%. The rise of electric four-wheelers up t100kW has primarily driven growth in the car and SUV sectors.

Market Dynamics:

Driver:

Increasing incidence of accidents

The increasing incidence of accidents and the growing need for safer mobility. Furthermore, the emerging trend of autonomous vehicles, combined with increased vehicle electrification, is likely tboost growth prospects. Its installation allows for more accurate object recognition and improved vehicle safety. Furthermore, lower car electronic costs and developments in automotive technology are likely tboost the use of automotive radar.

Restraint:

The security risks associated with radar-based technology

The signal structure used by automotive radar is unique, and there is ninherent authentication, leaving the technology vulnerable tspoofing attacks. The majority of current technology is based on frequency-modulated continuous-wave (FMCW) systems. As a result, security threats connected with the automobile industry, such as spoofing and interference, are likely thinder the use of this technology during the forecasted period.

Opportunity:

Increasing R&D Investments

Major automakers are concentrating on producing next-generation vehicle models that will include up tten radar sensors. Consumer growing knowledge of car safety has increased demand for features such as cruise control and blind-spot detection, which can assist drivers and minimise the incidence of accidents. Hence, as a means of ensuring better vehicle safety, the widespread adoption of radar-based technology in automobiles is anticipated during the forecast period.

Threat:

The use of radar detectors is illegal

Depending on where one lives, using a radar detector is legal. Drivers are not permitted tuse a radar detector in vehicle; however, commercial drivers and military bases are exempt from this restriction. A successful spoofing attack can have a significant impact on the safety of vehicle occupants by potentially causing the vehicle tstop, alter direction, or collide by breaching the market supply chain their by hindering the market.

Covid-19 Impact

Following a disastrous year for the automotive industry that saw a 5% drop in global vehicle production and the end of a 10-year upward trend, the global automotive industry faced a halt as a result of the COVID-19 pandemic. This affected the revenue channels allocated tR&D as well as the adoption of breakthrough technology such as vehicle radar. Also, as global vaccination rates grow, the pandemic's impact on the automotive industry is expected treduce gradually over the following few years. The demand for automotive radar solutions is expected tskyrocket following the pandemic since they improve vehicle safety and comfort.

The short & medium range radar segment is expected tbe the largest during the forecast period

The short & medium range radar segment is estimated thave a lucrative growth, due tits utilization in vehicle security systems tdetect objects in the vehicle's vicinity. Blind spot identification, lane shift assistance, as well as parking assistance are the features offered by the systems. Reduced radar prices and the growing demand for more radar per system for increasing efficiency are expected tdrive the market during the projected period.

The passenger car segment is expected thave the highest CAGR during the forecast period

The passenger car segment is anticipated twitness the fastest CAGR growth during the forecast period, due tincreasing vehicle safety awareness among mid-priced vehicle owners. The surge in demand for electric cars treduce line emigration, stringent regulations and laws governing automotive emigration, and rising consumer awareness of the importance of electric vehicles in reducing emigration are all major contributors tthis sector's rapid growth.

Region with Largest share:

Asia Pacific is projected thold the largest market share during the forecast period owing tthe low-cost benefits inherent in the construction of autos. Because of increased disposable income, the area has seen a spike in automotive sales. The growing awareness of vehicle safety systems and their benefits is one of the factors driving the growth of the automotive radar market.

Region with highest CAGR:

Europe is projected thave the highest CAGR over the forecast period, owing tthe increasing rigour in enforcing automobile safety requirements. The automobile industry in the country invests roughly one-third of its revenue in R&D. Furthermore, the rising number of vehicle accidents and increased awareness of the benefits of driving assistance technologies such as brake assist and collision warning systems are boosting demand in this region.

Key players in the market

Some of the key players profiled in the Automotive Disruption Radar Market include DENSO Corporation, NXP Semiconductors, Continental AG, Delphi Automotive Company, ZF Friedrichshafen, Texas Instruments, Autoliv Inc., Analog Devices Inc, ValeS.A, Robert Bosch GmbH, Borgwarner Inc and Veoneer Inc.

Key Developments:

In January 2023, Texas Instruments announced the release of the new automotive battery cell as well as pack monitors that offer the most precise measurement potential on the market, maximizing electric vehicle (EV) drive period and aiding safer operation.

In November 2022, Texas Instruments (TI) announced innovative Matter-enabled software advancement kits for Thread SimpleLink Wi-Fi microcontrollers (MCUs), which will simplify Matter protocol adoption in IoT apps.

Ranges Covered:
• Short & Medium Range Radar
• Long Range Radar

Vehicle Types Covered:
• Commercial Vehicles
• Passenger Cars

Applications Covered:
• Intelligent Park Assist
• Forward Collision Warning (FCW)
• Adaptive Cruise Control (ACC)
• Blind Spot Detection (BSD)
• Autonomous Emergency Braking (AEB)

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements