USD 11.69 Billion
Automotive Radar Sensors Market Size, Share, Growth Analysis, By Range(Short Range, Medium Range, Long Range), By Application(Lane Change Assist, Adaptive Cruise Control, Autonomous Emergency Braking, Blind Spot Detection), By Vehicle Type(Passenger Cars, Commercial Vehicles), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25A2050 |
Region:
Global |
Published Date: October, 2024
Pages:
242
|Tables:
89
|Figures:
76
Automotive Radar Sensors Market Insights
Automotive Radar Sensors Market size was valued at USD 11.69 Billion in 2023 and is poised to grow from USD 13.07 Billion in 2024 to USD 68.95 Billion by 2032, growing at a CAGR of 11.80% during the forecast period (2025-2032).
The rising investment in smart city projects worldwide will boost the demand for radar sensors. The product integrated in traffic management, pedestrian detection, and parking systems to ensure effective organization. With the ever-expanding scope of smart city initiatives, there is significant potential for innovation and investment in radar sensor technology. The rapid urbanization and growing preference for intelligent infrastructure solutions will also stimulate the global automotive radar sensors market growth during the forecast period.
As the popularity of autonomous vehicles increases, there will be high demand for advanced radar sensing technologies that can accurately detect objects and obstacles on the road ahead. These radar sensors are crucial for enabling advanced driver assistance technologies such as adaptive cruise control, forward collision warning, and night vision systems, enhancing overall vehicle safety and driving experience. The global automotive radar sensors industry is poised for significant expansion in the coming years with continuous advancements in electronic components to support processing, sensing, and control functions.
Ongoing technological advancements in radar systems, including higher resolution, improved range, and reduced interference, are pivotal drivers of market growth. These advancements enhance the capabilities of radar sensors, making them more appealing to both automakers and consumers. The continuous evolution of radar technology contributes significantly to the competitive edge of automotive radar companies and their products in the market.
US Automotive Radar Sensors Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Medium Range
Fastest Growth
Long Range
Growth Rate
11.80% CAGR
Global Automotive Radar Sensors Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Automotive Radar Sensors Market Segmental Analysis
Global Automotive Radar Sensors Market is segmented by Range, Application, Vehicle Type, end user and region. Based on component, the market is segmented into Short Range, Medium Range, and Long Range. Based on Application, the market is segmented into Lane Change Assist, Adaptive Cruise Control, Autonomous Emergency Braking, Blind Spot Detection, Forward Collision Warning System. Based on Vehicle Type, the market is segmented into Passenger Cars, and Commercial Vehicles. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Application
As per the global automotive radar sensors market forecast, adaptive cruise control is expected to drive due to stringent government regulations to avoid collisions on the road. Adaptive cruise control helps the vehicle to adapt the speed according to the surrounding vehicles. RADAR equipped at the vehicle's front end helps detect the vehicle's speed ahead and adjusts its speed accordingly. ACC detects the change and slows down the vehicle to maintain a gap between them if the forward vehicle reduces speed. If ACC detects that the vehicle ahead is no longer in the Range, it again accelerates to the speed set by the user. Automating and de-accelerating the vehicle are done automatically without the user's interference.
The intelligent parking assistance system is the fastest growing segment in the market. The segment contributing to intelligent parking plays an important role in the automotive radar sensors market through the demand for advanced radar technology. As vehicles adopt features that increase driver convenience and safety, intelligent parking systems have become a major focus. Radar sensors in this category offer better performance in low light and adverse weather conditions compared to other sensor technologies, making them important for accurate and reliable assistance where they park cars. The intelligent parking assistance system parks the car by itself without the need for a human driver and with high accuracy and less time than the experienced driver. This system uses a combination of cameras and sensors for its precise operation.
Analysis by Range
As per the global automotive radar sensors market analysis, medium range radar segment is expected to dominate during the forecast period, due to the increasing inclination of consumers towards applications such as Adaptive Cruise Control (ACC), heading distance indicator, Autonomous Emergency Braking (AEB), and rear cross-traffic alert. The medium range radar comprises digital beamforming (DBF) and 3-4 receive channels. This helps medium-range radar to be configured with independent receive channels for different directions, which increases the measurement accuracy of MRR. MRR gives accurate information about users' blind spots and traffic coming forward from the rear side of the vehicle. There are many advantages provided by the medium range radar such as parking assist, Cross traffic alert, and lane change assist.
Long range is expected to be the fastest-growing segment in the market and helps detect objects from meters to hundreds of meters away. This sensor provides information on objects' relative position, speed, and size around the vehicle. LRR has greatly contributed to improving vehicle safety and enabling the development of autonomous driving technology. Vehicles can better understand their surroundings and make informed driving decisions by feeding real-world data to decision-making algorithms. This radar system is designed to detect objects and monitor surroundings around us at a distance, typically 250 meters or more.
Global Automotive Radar Sensors Market By Range (%)
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Automotive Radar Sensors Market Regional Insights
Asia Pacific is dominating the market as manufacturers in this region focus more on developing high-end applications to attract more consumers and have a leading edge over their competitors. The OEMs operating in this region offer next-generation technologies for improving traffic congestion and the transport's overall convenience. These factors will fuel the growth of the market in this region. The regional growth is fueled by the rising adoption of electric vehicles (EVs) in China. The demand for advanced radar sensors to support EV operation and performance is on the rise. Leading automakers and radar sensor manufacturers are actively collaborating to integrate radar sensors into EVs, further driving market growth in the region.
As per the automotive radar sensors market outlook, North America will also show profitable growth during the forecast period. The automotive manufacturers' technological development of RADAR sensors in this region towards the ADAS system will drive the market. The adoption of sensor-based technologies is increasing in the automotive sector, and the demand for the advanced driver assistance system with combined RADAR capabilities will also grow. The region's growth is propelled by stringent safety regulations and heightened consumer awareness regarding safety features in vehicles. Additionally, the rising demand for high-end premium cars equipped with the latest ADAS technology further boosts the market.
Global Automotive Radar Sensors Market By Geography
- Largest
- Fastest
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Automotive Radar Sensors Market Dynamics
Automotive Radar Sensors Market Drivers
Stringent Government Regulations Regarding Vehicle Safety
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Road accidents are the leading cause of death of people worldwide; the alarming number of deaths caused by road accidents have forced governments to impose strict rules on automobile industries. Hence, ruling organizations worldwide have developed stringent regulations to minimize the number of road accidents and death tolls. Therefore, it has become mandatory for companies to manufacture vehicles with safety features installed in them.
Rising Sales and Demand for Passenger Vehicles
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Rising sales and demand for passenger vehicles in developing countries are anticipated to drive market growth during the forecast period. Developing countries such as India, China, Japan, and South Korea are expected to boost the demand for passenger vehicles. Growing disposable income of users and inclination towards safe and efficient driving is expected to propel the market.
Automotive Radar Sensors Market Restraints
Limiting Robust Machine Vision
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Radar has a strong ability to detect the trajectory of dynamic objects and view things. However, the irregular nature of radio waves limits their ability to classify objects and locate vehicles. Advance driver assistance system applications typically use gigahertz frequencies between 70 GHz and 90 GHz, resulting in very narrow bands that compromise the angular resolution of radar devices.
Technology Vulnerability to Hinder Market Growth
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The automotive radar sensors market faces a significant challenge due to its vulnerability to cybersecurity threats such as spoofing attacks. This spoofing attack is possible because radar technology uses a certain signal structure, and any loss of inherent authentication can result in technological weakness. Security risk may therefore have a significant adverse effect on the market expansion for automobile radar systems.
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Automotive Radar Sensors Market Competitive Landscape
The competitive landscape in the automotive radar sensor market is characterized by intense competition between key players looking to increase their market share through innovations, partnerships and strategic expansion. Established companies such as Continental AG, Bosch, Denso Corporation, Valeo with their extensive product range, advanced R&D capabilities. Collaborations between car OEMs and manufacturers of radar sensors that use advanced technologies such as AI and machine learning to improve performance promoting niche innovation, is also driving market growth.
Automotive Radar Sensors Market Top Player’s Company Profiles
- Acconeer AB (Sweden)
- AISIN CORP. (Japan)
- Arbe Robotics Ltd (Israel)
- Autoliv Inc. (Sweden)
- Banner Engineering Corp. (US)
- Denso Corporation (Japan)
- Faurecia SE (France)
- Infineon Technologies AG (Germany)
- MediaTek Inc. (Taiwan)
- NXP Semiconductors NV (Netherlands)
- Renesas Electronics Corp. (Japan)
- Robert Bosch GmbH (Germany)
- Rohde and Schwarz GmbH and Co. KG (Germany)
- S.M.S. Smart Microwave Sensors GmbH (Germany)
- Schaeffler AG (Germany)
- Texas Instruments Incorporated (US)
- Valeo SA (France)
- Vayyar Imaging Ltd. (Israel)
- Eravant (US)
- Continental AG (Germany)
- ZF Friedrichshafen AG (Germany)
- Aptiv PLC (Ireland)
Automotive Radar Sensors Market Recent Developments
- October 2022: Veoniar and Arbe collaborated on car radar. Modular in design, highly reliable and affordable, radar sensors provide both redundancy and rich data, which is critical for vehicle-grade safety and autonomous feature design.
- August 2022: Renesas Electronics announced an agreement to acquire Steradion Semiconductors Pty. The acquisition of Steradion’s radar technology will allow Renesas to expand its reach in the automotive radar sensors market and its range of sensor solutions in the automotive and industrial sectors.
- July 2022: Bose, the world's leading automotive manufacturer announced a partnership with Swedish technology company GapWaves to develop premium radar antennas for automotive applications.
Automotive Radar Sensors Key Market Trends
- Rise of Radar Sensors in Modern Vehicles: The automotive radar sensors market is experiencing dynamic evolution driven by several transformative trends and emerging growth opportunities. Radar sensors are becoming increasingly integral to these advancements as the automotive industry moves towards greater levels of automation and enhanced safety features. The shift towards advanced driver assistance systems (ADAS) has led to heightened demand for radar technologies that support features like adaptive cruise control, blind spot detection, and collision avoidance.
- Role of Innovation in Automotive Radar Growth: Technological innovations, such as higher frequency radar systems and improved sensor fusion techniques, are expanding the capabilities and applications of radar sensors, making them more attractive for a broader range of vehicle types. The increasing adoption of electric vehicles (EVs) and the ongoing development of smart infrastructure also present new growth avenues for radar sensors, as these technologies often integrate advanced driver assistance features.
Automotive Radar Sensors Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the automotive radar sensors market is characterized by rapid innovation and fierce competition, driven by increasing adoption of advanced driver assistance systems (ADAS), and growth towards autonomous driving by key players as dominated by Continental AG, Bosch, Denso Corporation, The market is fueled by investments in high-frequency radar systems and advanced sensor technology. Growing companies using AI and devices are implementing studies to improve radar performance, introducing new and unique features. The strategic partnership between OEMs and radar manufacturers provides seamless integration; while reducing costs, increasing productivity and expanding radar sensor applications in vehicles. This dynamic market continues to gain growth and provides great opportunities for stakeholders to innovate and improve.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 11.69 Billion |
| Market size value in 2032 | USD 68.95 Billion |
| Growth Rate | 11.80% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Radar Sensors Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Radar Sensors Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Radar Sensors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Radar Sensors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Radar Sensors Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Radar Sensors Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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