Automotive Radar Market 2030: Size, Growth Drivers & Competitive Landscape

Amit Kumar
58 minutes ago
4 min read

Future Automotive Radar Market: Key Dynamics, Size & Share Analysis

The Global Automotive Radar Market size was valued at around USD 6.8 billion in 2024 and is projected to reach USD 34 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 31% during the forecast period, i.e., 2025-30. Various factors are associated with this market growth. The increasing number of vehicles on the road is significantly boosting the demand for the market. As more vehicles are introduced globally, advanced systems are required to be installed in them carrying numerous safety and navigation features like advanced driver assistance systems. For instance: the year 2024 saw global passenger vehicle sales hit an astronomical high of over 94 million, corresponding to a surge in the number of vehicles on roads. Automotive radars are integral for meeting requirements in developing markets in terms of the benefits associated with them. The rising number of cars in emerging markets further drives the growth. For instance, lane-keeping assistance is available on about 50% of newly sold vehicles in the United States by 2024. Also, Europe is the largest region holding 40% of the total market share of lane-keeping assistance in vehicles around the globe. It sold around 10.6 million new vehicles in 2024, creating an ample market demand. This trend underscores the importance of radar technology in enhancing vehicle safety and driving market growth.

Top Market Driver Impacting the Automotive Radar Market Growth

High Prevalence of Accidents Creating Intensive Demand – The vast level of accidents reported worldwide is largely accountable for the high demand for automotive radar. As stated by the World Health Organization, accidents account for about 1.19 million deaths per year worldwide with 20 to 50 million left with nonfatal injuries. Such road traffic injuries remain the foremost cause of death among children and young adults aged 5-29 years. More than half of all road traffic deaths are among vulnerable road users, including pedestrians, cyclists, and riders alike. These increased statistics substantiate the need for urgent deployment of high-tech safety measures. This could be provided by the incorporation of automotive radar systems through their features integrated within the vehicles that tend to avert accidents. To prevent these large numbers of accidents the regulatory authorities around the globe are mandating the conventionalization of such safety features in new vehicles, hence, escalating the demand for automotive radar systems.

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Understanding the Core Segments in the Automotive Radar Market

Automotive Radar Market Size, Share & Industry Trends Analysis- By Range (Short Range Radar, Medium Range Radar, Long Range Radar), By Propulsion Type (Internal Combustion Engine (ICE), Electric), By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), By Frequency (2X GHZ System, 7X GHZ System), By Application (Adaptive Cruise Control, Automatic Emergency Braking, Blind Spot Detection, Forward Collision Warning System, Intelligent Parking Assistant, Cross Traffic Alerts, Lane Departure Warning Systems, Traffic Jam Assist, Others) and Others.

Geographical Analysis of the Automotive Radar Market

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

Who Dominates the Automotive Radar Market Insights on Key Industry Players?

Companies are strengthening their presence in the Automotive Radar market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

Robert Bosch GmbH
Continental AG
Denso Corporation
Aptiv
Autoliv Inc.
Veoneer
Valeo SA
Delphi Automotive Company
NXP Semiconductors NV
HELLA GmbH & Co. KGaA
Texas Instruments Incorporated
ZF Friedrichshafen AG
Infineon Technologies AG
Renesas Electronics Corporation
Analog Devices, Inc.

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