Automotive Radar Market by Range (Short Range, Medium Range and Long Range), Vehicle Type (PC, LCV, and HCV), Frequency (2X-GHz, and 7X-GHz), Propulsion (ICE and Electric), Application and Region - Global Forecast to 2030
The global automotive radar market is projected to grow from USD 6.6 Billion in 2024 to USD 33.6 Billion by 2030, registering a CAGR of 31.1%. The automotive sector is experiencing a notable shift from focusing solely on vehicle performance and efficiency to prioritizing safety and convenience. With growing consumer awareness and increasing government mandates regarding active safety measures, there is a rising demand for driver-assisting applications like lane departure warning, lane keep assist, rear park assist, and blind-spot detection. These enhanced features can detect driver drowsiness and alertness, reducing road accidents and mishaps. As automotive radar systems evolve and integrate with AI-driven technologies, they are poised to play a pivotal role in shaping the future of vehicle safety and driving experiences.
“By frequency, 7X-GHz will grow at the highest CAGR during the forecast period.”
By frequency, the 7X-GHz segment is expected to grow at highest CAGR during the forecast period. The 7X-GHz frequency band, comprising 77 GHz and 79 GHz frequencies in automotive radar, represents a significant advancement in radar technology, offering high-resolution, long-range sensing capabilities essential for modern driver assistance systems and autonomous driving features. These frequencies are part of the mmWave spectrum, providing radar systems with finer detail and improved accuracy compared to lower-frequency bands like the 24 GHz band. Moreover, manufacturers are launching new radar systems. For instance, in January 2024, Texas Instruments (US) launched new radar sensor chips designed to create smarter and safer vehicles. The AWR2544 77GHz mmWave, radar sensor chip, enhances autonomy by improving sensor fusion and decision-making in ADAS. Such development will accelerate the market growth in the forecast period.
“Medium-range radar hold the prominent share in the range segment.”
Medium-range automotive radar (MRR) systems are essential to modern vehicle safety and driver assistance technologies. MRR systems offer good resolution and accuracy and can detect and track multiple objects simultaneously. This capability is crucial for making informed decisions in complex driving scenarios, such as navigating through intersections or overtaking other vehicles on the highway. Their balanced detection range and versatility make them indispensable for a wide range of ADAS features, significantly improving vehicle safety, efficiency, and driver comfort. As automotive technology continues to advance, the adoption and integration of medium-range radar systems are expected to grow, further enhancing the capabilities of modern vehicles.
“Asia Pacific to be the largest growing market for automotive radar during the forecast period.”
The Asia Pacific market is estimated to be the largest growing market during the forecast period. The market growth in Asia Pacific can be attributed to the high vehicle production and use of advanced electronics in Japan, South Korea, and China. These countries' governments have recognized the automotive sector's growth potential and consequently undertaken various initiatives to encourage major OEMs to enter their domestic markets. Several European and US automobile manufacturers, such as Volkswagen AG (Germany), Mercedes Benz (Germany), and General Motors (US), have shifted their production plants to emerging economies in Asia Pacific. Major automotive radar providers such as Robert Bosch GmbH, Continental AG, Aptiv (Ireland), and Denso Corporation (Japan) have production facilities across the region. In March 2023, Aptiv Investment Co., Ltd. announced opening of a connection system engineering center in Wuhan, China. Such development will drive the Asia Pacific market during the forecast period.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
Research Coverage:
The Market Study Covers the Automotive Radar Market By Range (Short-range Radar, Medium-range Radar, Long-range Radar), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), By Frequency (2X-GHz and 7X-GHz), By Propulsion (ICE and Electric), By Application [Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Blind Spot Detection (BSD), Forward Collision Warning System (FCWS), Intelligent Parking Assistance (IPA), Cross Traffic Alert (CTA), Lane Departure Warning System (LDW) And Traffic Jam Assist (TJA)] and By Region (North America, Europe, Asia Pacific, and the Rest of the World). It also covers the competitive landscape and company profiles of the major automotive radar market ecosystem players.
Key Benefits of the Report
The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall automotive radar market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
“By frequency, 7X-GHz will grow at the highest CAGR during the forecast period.”
By frequency, the 7X-GHz segment is expected to grow at highest CAGR during the forecast period. The 7X-GHz frequency band, comprising 77 GHz and 79 GHz frequencies in automotive radar, represents a significant advancement in radar technology, offering high-resolution, long-range sensing capabilities essential for modern driver assistance systems and autonomous driving features. These frequencies are part of the mmWave spectrum, providing radar systems with finer detail and improved accuracy compared to lower-frequency bands like the 24 GHz band. Moreover, manufacturers are launching new radar systems. For instance, in January 2024, Texas Instruments (US) launched new radar sensor chips designed to create smarter and safer vehicles. The AWR2544 77GHz mmWave, radar sensor chip, enhances autonomy by improving sensor fusion and decision-making in ADAS. Such development will accelerate the market growth in the forecast period.
“Medium-range radar hold the prominent share in the range segment.”
Medium-range automotive radar (MRR) systems are essential to modern vehicle safety and driver assistance technologies. MRR systems offer good resolution and accuracy and can detect and track multiple objects simultaneously. This capability is crucial for making informed decisions in complex driving scenarios, such as navigating through intersections or overtaking other vehicles on the highway. Their balanced detection range and versatility make them indispensable for a wide range of ADAS features, significantly improving vehicle safety, efficiency, and driver comfort. As automotive technology continues to advance, the adoption and integration of medium-range radar systems are expected to grow, further enhancing the capabilities of modern vehicles.
“Asia Pacific to be the largest growing market for automotive radar during the forecast period.”
The Asia Pacific market is estimated to be the largest growing market during the forecast period. The market growth in Asia Pacific can be attributed to the high vehicle production and use of advanced electronics in Japan, South Korea, and China. These countries' governments have recognized the automotive sector's growth potential and consequently undertaken various initiatives to encourage major OEMs to enter their domestic markets. Several European and US automobile manufacturers, such as Volkswagen AG (Germany), Mercedes Benz (Germany), and General Motors (US), have shifted their production plants to emerging economies in Asia Pacific. Major automotive radar providers such as Robert Bosch GmbH, Continental AG, Aptiv (Ireland), and Denso Corporation (Japan) have production facilities across the region. In March 2023, Aptiv Investment Co., Ltd. announced opening of a connection system engineering center in Wuhan, China. Such development will drive the Asia Pacific market during the forecast period.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
- By Respondent Type: OEMs – 34%, Tier 1 – 41%, and Others – 25%,
- By Designation: CXO’s– 35%, Managers– 49%, and Executives– 16%
- By Region: North America – 24%, Europe – 37%, Asia Pacific– 32%, Rest of the World – 7%
Research Coverage:
The Market Study Covers the Automotive Radar Market By Range (Short-range Radar, Medium-range Radar, Long-range Radar), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), By Frequency (2X-GHz and 7X-GHz), By Propulsion (ICE and Electric), By Application [Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Blind Spot Detection (BSD), Forward Collision Warning System (FCWS), Intelligent Parking Assistance (IPA), Cross Traffic Alert (CTA), Lane Departure Warning System (LDW) And Traffic Jam Assist (TJA)] and By Region (North America, Europe, Asia Pacific, and the Rest of the World). It also covers the competitive landscape and company profiles of the major automotive radar market ecosystem players.
Key Benefits of the Report
The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall automotive radar market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Increasing consumer demand for ADAS, Doppler frequency shift, Advancements in radar technology), restraints (Inability to distinguish multiple targets, Different climate conditions), opportunities (Growing push for autonomous vehicles, Potential for innovative business models, 4D imaging radar, Signal interference), and challenges (Competition from alternate technologies, Fluctuating raw material prices and supply chain disruptions) influencing the growth of the automotive radar market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the automotive radar market
- Market Development: Comprehensive information about lucrative markets – the report analyses the automotive radar market across varied regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the automotive radar market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Robert Bosch GmbH (Germany), Continental AG (Germany), Aptiv (Ireland), Denso Corporation (Japan), NXP Semiconductors (Netherlands), and among others in the automotive radar market Page 25 of 34 strategies. The report also helps stakeholders understand the pulse of the ADAS market and provides them with information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 SEGMENTS COVERED
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.3.5 UNITS CONSIDERED
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 List of key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews: demand and supply sides
2.1.2.2 Primary participants
2.1.2.3 Objectives of primary research
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 RECESSION IMPACT ANALYSIS
2.4 DATA TRIANGULATION
2.5 FACTOR ANALYSIS
2.5.1 DEMAND- AND SUPPLY-SIDE FACTOR ANALYSIS
2.6 RESEARCH ASSUMPTIONS
2.7 RESEARCH LIMITATIONS
2.8 RISK ANALYSIS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AUTOMOTIVE RADAR MARKET
4.2 AUTOMOTIVE RADAR MARKET, BY RANGE
4.3 AUTOMOTIVE RADAR MARKET, BY VEHICLE TYPE
4.4 AUTOMOTIVE RADAR MARKET, BY FREQUENCY
4.5 AUTOMOTIVE RADAR MARKET, BY PROPULSION
4.6 AUTOMOTIVE RADAR MARKET, BY REGION
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
5.3 MARKET DYNAMICS
5.3.1 DRIVERS
5.3.1.1 Increasing consumer demand for ADAS in vehicles
5.3.1.2 Doppler frequency shift
5.3.1.3 Advancements in radar technology
5.3.2 RESTRAINTS
5.3.2.1 Inability to distinguish multiple targets
5.3.2.2 Different climate conditions
5.3.3 OPPORTUNITIES
5.3.3.1 Growing push for autonomous vehicles
5.3.3.2 Potential for innovative business models
5.3.3.3 4D imaging radar
5.3.3.4 Signal interference
5.3.4 CHALLENGES
5.3.4.1 Competition from alternate technologies
5.3.4.2 Fluctuating raw material prices and supply chain disruptions
5.4 PRICING ANALYSIS
5.4.1 AVERAGE SELLING PRICE TREND, BY RANGE, 2021–2023
5.4.2 AVERAGE SELLING PRICE TREND, BY REGION, 2021–2023
5.5 ECOSYSTEM ANALYSIS
5.6 SUPPLY CHAIN ANALYSIS
5.7 CASE STUDY ANALYSIS
5.7.1 NXP'S ADVANCED AUTOMOTIVE RADAR SOCS FOR ENHANCED ADAS
5.7.2 AUTOMOTIVE SYNTHETIC APERTURE RADAR BY ROBERT BOSCH
5.7.3 ADAS TESTING ENHANCEMENT WITH VIRTUAL AND HARDWARE-IN-THE-LOOP SYSTEMS
5.8 INVESTMENT AND FUNDING SCENARIO
5.9 PATENT ANALYSIS
5.9.1 INTRODUCTION
5.9.2 TOP PATENT APPLICANTS
5.10 TECHNOLOGY ANALYSIS
5.10.1 KEY TECHNOLOGIES
5.10.1.1 Multi-radar systems
5.10.1.1.1 Functions of multi-radar systems
5.10.1.2 AI-integrated radar
5.10.1.3 Radar systems for autonomous vehicles
5.10.2 COMPLEMENTARY TECHNOLOGIES
5.10.2.1 Sub-Terahertz radar
5.10.3 ADJACENT TECHNOLOGIES
5.10.3.1 Impact of 5G network on machine-to-machine communication
5.11 HS CODE ANALYSIS
5.11.1 IMPORT/EXPORT SCENARIO (HS CODE 900211)
5.12 WHO SUPPLIES WHOM ANALYSIS
5.13 REGULATORY LANDSCAPE
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.1.1 North America: Regulatory bodies, government agencies,
and other organizations
5.13.1.2 Europe: Regulatory bodies, government agencies,
and other organizations
5.13.1.3 Asia Pacific: Regulatory bodies, government agencies,
and other organizations
5.14 KEY CONFERENCES AND EVENTS
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.15.2 BUYING CRITERIA
6 AUTOMOTIVE RADAR MARKET, BY APPLICATION
6.1 INTRODUCTION
6.2 ADAPTIVE CRUISE CONTROL
6.3 AUTOMATIC EMERGENCY BRAKING
6.4 BLIND SPOT DETECTION
6.5 FORWARD COLLISION WARNING SYSTEM
6.6 INTELLIGENT PARKING ASSISTANCE
6.7 CROSS TRAFFIC ALERT
6.8 LANE DEPARTURE WARNING SYSTEM
6.9 TRAFFIC JAM ASSIST
7 AUTOMOTIVE RADAR MARKET, BY FREQUENCY
7.1 INTRODUCTION
7.2 2X-GHZ
7.2.1 COST ADVANTAGE TO DRIVE MARKET IN MID-RANGE AND ENTRY-LEVEL VEHICLES
7.3 7X-GHZ SYSTEM
7.3.1 ADVANCEMENTS IN ADAS AND AUTONOMOUS DRIVING TO DRIVE MARKET
7.4 KEY PRIMARY INSIGHTS
8 AUTOMOTIVE RADAR MARKET, BY PROPULSION
8.1 INTRODUCTION
8.2 ICE
8.2.1 GOVERNMENT REGULATIONS FOCUSING ON IMPROVED VEHICLE SAFETY TO DRIVE MARKET
8.3 ELECTRIC
8.3.1 PUSH FOR AUTONOMOUS AND SEMI-AUTONOMOUS TECHNOLOGIES TO DRIVE MARKET
8.4 KEY PRIMARY INSIGHTS
9 AUTOMOTIVE RADAR MARKET, BY RANGE
9.1 INTRODUCTION
9.2 SHORT-RANGE RADAR
9.2.1 QUICK AND ACCURATE RESPONSES TO ENHANCE SAFETY TO DRIVE MARKET
9.3 MEDIUM-RANGE RADAR
9.3.1 BALANCE BETWEEN CLOSE-RANGE PRECISION OF SHORT-RANGE RADAR AND EXTENDED REACH OF LONG-RANGE RADAR TO DRIVE MARKET
9.4 LONG-RANGE RADAR
9.4.1 GROWING USE FOR AUTOMATIC EMERGENCY BRAKING AND FORWARD COLLISION WARNING TO DRIVE MARKET
9.5 KEY PRIMARY INSIGHTS
10 AUTOMOTIVE RADAR MARKET, BY VEHICLE TYPE
10.1 INTRODUCTION
10.2 PASSENGER CAR
10.2.1 RISING DEMAND FOR ADVANCED SAFETY FEATURES IN PASSENGER CARS TO DRIVE MARKET
10.3 LIGHT COMMERCIAL VEHICLE
10.3.1 INCREASING INTEGRATION OF ADAS IN LIGHT COMMERCIAL VEHICLES TO DRIVE MARKET
10.4 HEAVY COMMERCIAL VEHICLE
10.4.1 GROWING NEED FOR IMPROVED DRIVER VISIBILITY ON BLIND SPOTS TO DRIVE MARKET
10.5 KEY PRIMARY INSIGHTS
11 AUTOMOTIVE RADAR MARKET, BY REGION
11.1 INTRODUCTION
11.2 ASIA PACIFIC
11.2.1 RECESSION IMPACT ANALYSIS
11.2.2 CHINA
11.2.2.1 Increasing demand for ADAS features in passenger cars to drive market
11.2.3 JAPAN
11.2.3.1 Government initiatives to enhance ADAS features to drive market
11.2.4 INDIA
11.2.4.1 Focus on affordable safety solutions and technologies to drive market
11.2.5 SOUTH KOREA
11.2.5.1 Introduction of new vehicle models with ADAS to drive market
11.2.6 THAILAND
11.2.6.1 Increasing demand for electric vehicles to drive the market
11.2.7 INDONESIA
11.2.7.1 Government support for electrification of light commercial vehicles to drive market
11.2.8 REST OF ASIA PACIFIC
11.3 EUROPE
11.3.1 RECESSION IMPACT ANALYSIS
11.3.2 FRANCE
11.3.2.1 Stright government policies for vehicle and passenger safety
to drive market
11.3.3 GERMANY
11.3.3.1 Growing sales of luxury vehicles with advance safety features
to drive market
11.3.4 SPAIN
11.3.4.1 Collaboration between OEMs and technology firms to drive market
11.3.5 UK
11.3.5.1 Focus on innovation and high-tech manufacturing to drive market
11.3.6 RUSSIA
11.3.6.1 Growth of ADAS adoption in compact car models to drive market
11.3.7 TURKIYE
11.3.7.1 Government support to modernize automotive sector to drive market
11.3.8 REST OF EUROPE
11.4 NORTH AMERICA
11.4.1 RECESSION IMPACT ANALYSIS
11.4.2 US
11.4.2.1 Growing integration of high-quality radar across various vehicle segments to drive market
11.4.3 CANADA
11.4.3.1 Strong consumer demand for vehicles with advanced features to drive market
11.4.4 MEXICO
11.4.4.1 Key exporter of vehicles with stringent safety standards to drive market
11.5 REST OF THE WORLD
11.5.1 RECESSION IMPACT ANALYSIS
11.5.2 BRAZIL
11.5.2.1 Presence of key automotive sector players to drive market
11.5.3 IRAN
11.5.3.1 Partnerships between international automakers and local companies to drive market
11.5.4 OTHERS
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
12.3 MARKET SHARE ANALYSIS, 2023
12.3.1 ROBERT BOSCH GMBH
12.3.2 CONTINENTAL AG
12.3.3 APTIV
12.3.4 DENSO CORPORATION
12.3.5 NXP SEMICONDUCTORS
12.4 REVENUE ANALYSIS, 2019–2023
12.5 COMPANY VALUATION AND FINANCIAL METRICS
12.5.1 COMPANY VALUATION
12.5.2 FINANCIAL METRICS
12.6 BRAND/PRODUCT COMPARISON
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
12.7.1 STARS
12.7.2 EMERGING LEADERS
12.7.3 PERVASIVE PLAYERS
12.7.4 PARTICIPANTS
12.7.4.1 Company footprint
12.8 COMPANY EVALUATION MATRIX: START-UP/SMES, 2024
12.8.1 PROGRESSIVE COMPANIES
12.8.2 RESPONSIVE COMPANIES
12.8.3 DYNAMIC COMPANIES
12.8.4 STARTING BLOCKS
12.9 COMPETITIVE BENCHMARKING
12.10 COMPETITIVE SCENARIOS AND TRENDS
12.10.1 PRODUCT LAUNCHES
12.10.2 DEALS
12.10.3 EXPANSIONS
12.10.4 OTHER DEVELOPMENTS
13 COMPANY PROFILES
13.1 KEY PLAYERS
13.1.1 ROBERT BOSCH GMBH
13.1.1.1 Business overview
13.1.1.2 Products offered
13.1.1.3 Recent developments
13.1.1.4 Others
13.1.1.5 MnM view
13.1.1.5.1 Key strengths
13.1.1.5.2 Strategic choices
13.1.1.5.3 Weaknesses and competitive threats
13.1.2 CONTINENTAL AG
13.1.2.1 Business overview
13.1.2.2 Products offered
13.1.2.3 Recent developments
13.1.2.4 MnM view
13.1.2.4.1 Key strengths
13.1.2.4.2 Strategic choices
13.1.2.4.3 Weaknesses and competitive threats
13.1.3 APTIV
13.1.3.1 Business overview
13.1.3.2 Products offered
13.1.3.3 Recent developments
13.1.3.4 MnM view
13.1.3.4.1 Key strengths
13.1.3.4.2 Strategic choices
13.1.3.4.3 Weaknesses and competitive threats
13.1.4 DENSO CORPORATION
13.1.4.1 Business overview
13.1.4.2 Products offered
13.1.4.3 Recent developments
13.1.4.4 MnM view
13.1.4.4.1 Key strengths
13.1.4.4.2 Strategic choices
13.1.4.4.3 Weaknesses and competitive threats
13.1.5 NXP SEMICONDUCTORS
13.1.5.1 Business overview
13.1.5.2 Products offered
13.1.5.3 Recent developments
13.1.5.4 Deals
13.1.5.5 MnM view
13.1.5.5.1 Key strengths
13.1.5.5.2 Strategic choices
13.1.5.5.3 Weaknesses and competitive threats
13.1.6 INFINEON TECHNOLOGIES AG
13.1.6.1 Business overview
13.1.6.2 Products offered
13.1.6.3 Recent developments
13.1.7 VALEO
13.1.7.1 Business overview
13.1.7.2 Products offered
13.1.7.3 Recent developments
13.1.8 ZF FRIEDRICHSHAFEN AG
13.1.8.1 Business overview
13.1.8.2 Products offered
13.1.8.3 Recent developments
13.1.9 TEXAS INSTRUMENTS INCORPORATED
13.1.9.1 Business overview
13.1.9.2 Products offered
13.1.9.3 Recent developments
13.1.10 VEONEER
13.1.10.1 Business overview
13.1.10.2 Products offered
13.1.10.3 Recent developments
13.1.11 MAGNA INTERNATIONAL INC.
13.1.11.1 Business overview
13.1.11.2 Products offered
13.1.11.3 Recent developments
13.1.12 RENESAS ELECTRONICS CORPORATION
13.1.12.1 Business overview
13.1.12.2 Products offered
13.1.12.3 Recent developments
13.2 OTHER PLAYERS
13.2.1 HL KLEMOVE
13.2.2 AMBARELLA INTERNATIONAL LP
13.2.3 HITACHI ASTEMO, LTD.
13.2.4 KYOCERA CORPORATION
13.2.5 SAMSUNG ELECTRO-MECHANICS
13.2.6 HYUNDAI MOBIS
13.2.7 STONKAM CO., LTD.
13.2.8 BRIGADE ELECTRONICS GROUP PLC
13.2.9 LG ELECTRONICS
13.2.10 VAYYAR AUTOMOTIVE
13.2.11 STMICROELECTRONICS
13.2.12 NOVELIC
13.2.13 HUAWEI TECHNOLOGIES CO., LTD.
13.2.14 HELLA GMBH & CO. KGAA
14 RECOMMENDATIONS BY MARKETSANDMARKETS
14.1 EUROPE TO BE PROMINENT MARKET FOR AUTOMOTIVE RADAR
14.2 TECHNICAL ADVANCEMENTS IN RADAR TECHNOLOGY TO DRIVE AUTONOMOUS VEHICLE INNOVATION
14.3 GROWING DEMAND FOR ADVANCED DRIVER ASSISTANCE SYSTEMS TO AUTOMOTIVE RADAR MARKET
14.4 CONCLUSION
15 APPENDIX
15.1 KEY INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 CUSTOMIZATION OPTIONS
15.4.1 ADDITIONAL COMPANY PROFILES UP TO 5
15.4.2 AUTOMOTIVE RADAR MARKET BY TYPE AT COUNTRY LEVEL
15.4.3 AUTOMOTIVE RADAR MARKET BY FREQUENCY AT COUNTRY LEVEL
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 SEGMENTS COVERED
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.3.5 UNITS CONSIDERED
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 List of key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews: demand and supply sides
2.1.2.2 Primary participants
2.1.2.3 Objectives of primary research
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 RECESSION IMPACT ANALYSIS
2.4 DATA TRIANGULATION
2.5 FACTOR ANALYSIS
2.5.1 DEMAND- AND SUPPLY-SIDE FACTOR ANALYSIS
2.6 RESEARCH ASSUMPTIONS
2.7 RESEARCH LIMITATIONS
2.8 RISK ANALYSIS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AUTOMOTIVE RADAR MARKET
4.2 AUTOMOTIVE RADAR MARKET, BY RANGE
4.3 AUTOMOTIVE RADAR MARKET, BY VEHICLE TYPE
4.4 AUTOMOTIVE RADAR MARKET, BY FREQUENCY
4.5 AUTOMOTIVE RADAR MARKET, BY PROPULSION
4.6 AUTOMOTIVE RADAR MARKET, BY REGION
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
5.3 MARKET DYNAMICS
5.3.1 DRIVERS
5.3.1.1 Increasing consumer demand for ADAS in vehicles
5.3.1.2 Doppler frequency shift
5.3.1.3 Advancements in radar technology
5.3.2 RESTRAINTS
5.3.2.1 Inability to distinguish multiple targets
5.3.2.2 Different climate conditions
5.3.3 OPPORTUNITIES
5.3.3.1 Growing push for autonomous vehicles
5.3.3.2 Potential for innovative business models
5.3.3.3 4D imaging radar
5.3.3.4 Signal interference
5.3.4 CHALLENGES
5.3.4.1 Competition from alternate technologies
5.3.4.2 Fluctuating raw material prices and supply chain disruptions
5.4 PRICING ANALYSIS
5.4.1 AVERAGE SELLING PRICE TREND, BY RANGE, 2021–2023
5.4.2 AVERAGE SELLING PRICE TREND, BY REGION, 2021–2023
5.5 ECOSYSTEM ANALYSIS
5.6 SUPPLY CHAIN ANALYSIS
5.7 CASE STUDY ANALYSIS
5.7.1 NXP'S ADVANCED AUTOMOTIVE RADAR SOCS FOR ENHANCED ADAS
5.7.2 AUTOMOTIVE SYNTHETIC APERTURE RADAR BY ROBERT BOSCH
5.7.3 ADAS TESTING ENHANCEMENT WITH VIRTUAL AND HARDWARE-IN-THE-LOOP SYSTEMS
5.8 INVESTMENT AND FUNDING SCENARIO
5.9 PATENT ANALYSIS
5.9.1 INTRODUCTION
5.9.2 TOP PATENT APPLICANTS
5.10 TECHNOLOGY ANALYSIS
5.10.1 KEY TECHNOLOGIES
5.10.1.1 Multi-radar systems
5.10.1.1.1 Functions of multi-radar systems
5.10.1.2 AI-integrated radar
5.10.1.3 Radar systems for autonomous vehicles
5.10.2 COMPLEMENTARY TECHNOLOGIES
5.10.2.1 Sub-Terahertz radar
5.10.3 ADJACENT TECHNOLOGIES
5.10.3.1 Impact of 5G network on machine-to-machine communication
5.11 HS CODE ANALYSIS
5.11.1 IMPORT/EXPORT SCENARIO (HS CODE 900211)
5.12 WHO SUPPLIES WHOM ANALYSIS
5.13 REGULATORY LANDSCAPE
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.1.1 North America: Regulatory bodies, government agencies,
and other organizations
5.13.1.2 Europe: Regulatory bodies, government agencies,
and other organizations
5.13.1.3 Asia Pacific: Regulatory bodies, government agencies,
and other organizations
5.14 KEY CONFERENCES AND EVENTS
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.15.2 BUYING CRITERIA
6 AUTOMOTIVE RADAR MARKET, BY APPLICATION
6.1 INTRODUCTION
6.2 ADAPTIVE CRUISE CONTROL
6.3 AUTOMATIC EMERGENCY BRAKING
6.4 BLIND SPOT DETECTION
6.5 FORWARD COLLISION WARNING SYSTEM
6.6 INTELLIGENT PARKING ASSISTANCE
6.7 CROSS TRAFFIC ALERT
6.8 LANE DEPARTURE WARNING SYSTEM
6.9 TRAFFIC JAM ASSIST
7 AUTOMOTIVE RADAR MARKET, BY FREQUENCY
7.1 INTRODUCTION
7.2 2X-GHZ
7.2.1 COST ADVANTAGE TO DRIVE MARKET IN MID-RANGE AND ENTRY-LEVEL VEHICLES
7.3 7X-GHZ SYSTEM
7.3.1 ADVANCEMENTS IN ADAS AND AUTONOMOUS DRIVING TO DRIVE MARKET
7.4 KEY PRIMARY INSIGHTS
8 AUTOMOTIVE RADAR MARKET, BY PROPULSION
8.1 INTRODUCTION
8.2 ICE
8.2.1 GOVERNMENT REGULATIONS FOCUSING ON IMPROVED VEHICLE SAFETY TO DRIVE MARKET
8.3 ELECTRIC
8.3.1 PUSH FOR AUTONOMOUS AND SEMI-AUTONOMOUS TECHNOLOGIES TO DRIVE MARKET
8.4 KEY PRIMARY INSIGHTS
9 AUTOMOTIVE RADAR MARKET, BY RANGE
9.1 INTRODUCTION
9.2 SHORT-RANGE RADAR
9.2.1 QUICK AND ACCURATE RESPONSES TO ENHANCE SAFETY TO DRIVE MARKET
9.3 MEDIUM-RANGE RADAR
9.3.1 BALANCE BETWEEN CLOSE-RANGE PRECISION OF SHORT-RANGE RADAR AND EXTENDED REACH OF LONG-RANGE RADAR TO DRIVE MARKET
9.4 LONG-RANGE RADAR
9.4.1 GROWING USE FOR AUTOMATIC EMERGENCY BRAKING AND FORWARD COLLISION WARNING TO DRIVE MARKET
9.5 KEY PRIMARY INSIGHTS
10 AUTOMOTIVE RADAR MARKET, BY VEHICLE TYPE
10.1 INTRODUCTION
10.2 PASSENGER CAR
10.2.1 RISING DEMAND FOR ADVANCED SAFETY FEATURES IN PASSENGER CARS TO DRIVE MARKET
10.3 LIGHT COMMERCIAL VEHICLE
10.3.1 INCREASING INTEGRATION OF ADAS IN LIGHT COMMERCIAL VEHICLES TO DRIVE MARKET
10.4 HEAVY COMMERCIAL VEHICLE
10.4.1 GROWING NEED FOR IMPROVED DRIVER VISIBILITY ON BLIND SPOTS TO DRIVE MARKET
10.5 KEY PRIMARY INSIGHTS
11 AUTOMOTIVE RADAR MARKET, BY REGION
11.1 INTRODUCTION
11.2 ASIA PACIFIC
11.2.1 RECESSION IMPACT ANALYSIS
11.2.2 CHINA
11.2.2.1 Increasing demand for ADAS features in passenger cars to drive market
11.2.3 JAPAN
11.2.3.1 Government initiatives to enhance ADAS features to drive market
11.2.4 INDIA
11.2.4.1 Focus on affordable safety solutions and technologies to drive market
11.2.5 SOUTH KOREA
11.2.5.1 Introduction of new vehicle models with ADAS to drive market
11.2.6 THAILAND
11.2.6.1 Increasing demand for electric vehicles to drive the market
11.2.7 INDONESIA
11.2.7.1 Government support for electrification of light commercial vehicles to drive market
11.2.8 REST OF ASIA PACIFIC
11.3 EUROPE
11.3.1 RECESSION IMPACT ANALYSIS
11.3.2 FRANCE
11.3.2.1 Stright government policies for vehicle and passenger safety
to drive market
11.3.3 GERMANY
11.3.3.1 Growing sales of luxury vehicles with advance safety features
to drive market
11.3.4 SPAIN
11.3.4.1 Collaboration between OEMs and technology firms to drive market
11.3.5 UK
11.3.5.1 Focus on innovation and high-tech manufacturing to drive market
11.3.6 RUSSIA
11.3.6.1 Growth of ADAS adoption in compact car models to drive market
11.3.7 TURKIYE
11.3.7.1 Government support to modernize automotive sector to drive market
11.3.8 REST OF EUROPE
11.4 NORTH AMERICA
11.4.1 RECESSION IMPACT ANALYSIS
11.4.2 US
11.4.2.1 Growing integration of high-quality radar across various vehicle segments to drive market
11.4.3 CANADA
11.4.3.1 Strong consumer demand for vehicles with advanced features to drive market
11.4.4 MEXICO
11.4.4.1 Key exporter of vehicles with stringent safety standards to drive market
11.5 REST OF THE WORLD
11.5.1 RECESSION IMPACT ANALYSIS
11.5.2 BRAZIL
11.5.2.1 Presence of key automotive sector players to drive market
11.5.3 IRAN
11.5.3.1 Partnerships between international automakers and local companies to drive market
11.5.4 OTHERS
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
12.3 MARKET SHARE ANALYSIS, 2023
12.3.1 ROBERT BOSCH GMBH
12.3.2 CONTINENTAL AG
12.3.3 APTIV
12.3.4 DENSO CORPORATION
12.3.5 NXP SEMICONDUCTORS
12.4 REVENUE ANALYSIS, 2019–2023
12.5 COMPANY VALUATION AND FINANCIAL METRICS
12.5.1 COMPANY VALUATION
12.5.2 FINANCIAL METRICS
12.6 BRAND/PRODUCT COMPARISON
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
12.7.1 STARS
12.7.2 EMERGING LEADERS
12.7.3 PERVASIVE PLAYERS
12.7.4 PARTICIPANTS
12.7.4.1 Company footprint
12.8 COMPANY EVALUATION MATRIX: START-UP/SMES, 2024
12.8.1 PROGRESSIVE COMPANIES
12.8.2 RESPONSIVE COMPANIES
12.8.3 DYNAMIC COMPANIES
12.8.4 STARTING BLOCKS
12.9 COMPETITIVE BENCHMARKING
12.10 COMPETITIVE SCENARIOS AND TRENDS
12.10.1 PRODUCT LAUNCHES
12.10.2 DEALS
12.10.3 EXPANSIONS
12.10.4 OTHER DEVELOPMENTS
13 COMPANY PROFILES
13.1 KEY PLAYERS
13.1.1 ROBERT BOSCH GMBH
13.1.1.1 Business overview
13.1.1.2 Products offered
13.1.1.3 Recent developments
13.1.1.4 Others
13.1.1.5 MnM view
13.1.1.5.1 Key strengths
13.1.1.5.2 Strategic choices
13.1.1.5.3 Weaknesses and competitive threats
13.1.2 CONTINENTAL AG
13.1.2.1 Business overview
13.1.2.2 Products offered
13.1.2.3 Recent developments
13.1.2.4 MnM view
13.1.2.4.1 Key strengths
13.1.2.4.2 Strategic choices
13.1.2.4.3 Weaknesses and competitive threats
13.1.3 APTIV
13.1.3.1 Business overview
13.1.3.2 Products offered
13.1.3.3 Recent developments
13.1.3.4 MnM view
13.1.3.4.1 Key strengths
13.1.3.4.2 Strategic choices
13.1.3.4.3 Weaknesses and competitive threats
13.1.4 DENSO CORPORATION
13.1.4.1 Business overview
13.1.4.2 Products offered
13.1.4.3 Recent developments
13.1.4.4 MnM view
13.1.4.4.1 Key strengths
13.1.4.4.2 Strategic choices
13.1.4.4.3 Weaknesses and competitive threats
13.1.5 NXP SEMICONDUCTORS
13.1.5.1 Business overview
13.1.5.2 Products offered
13.1.5.3 Recent developments
13.1.5.4 Deals
13.1.5.5 MnM view
13.1.5.5.1 Key strengths
13.1.5.5.2 Strategic choices
13.1.5.5.3 Weaknesses and competitive threats
13.1.6 INFINEON TECHNOLOGIES AG
13.1.6.1 Business overview
13.1.6.2 Products offered
13.1.6.3 Recent developments
13.1.7 VALEO
13.1.7.1 Business overview
13.1.7.2 Products offered
13.1.7.3 Recent developments
13.1.8 ZF FRIEDRICHSHAFEN AG
13.1.8.1 Business overview
13.1.8.2 Products offered
13.1.8.3 Recent developments
13.1.9 TEXAS INSTRUMENTS INCORPORATED
13.1.9.1 Business overview
13.1.9.2 Products offered
13.1.9.3 Recent developments
13.1.10 VEONEER
13.1.10.1 Business overview
13.1.10.2 Products offered
13.1.10.3 Recent developments
13.1.11 MAGNA INTERNATIONAL INC.
13.1.11.1 Business overview
13.1.11.2 Products offered
13.1.11.3 Recent developments
13.1.12 RENESAS ELECTRONICS CORPORATION
13.1.12.1 Business overview
13.1.12.2 Products offered
13.1.12.3 Recent developments
13.2 OTHER PLAYERS
13.2.1 HL KLEMOVE
13.2.2 AMBARELLA INTERNATIONAL LP
13.2.3 HITACHI ASTEMO, LTD.
13.2.4 KYOCERA CORPORATION
13.2.5 SAMSUNG ELECTRO-MECHANICS
13.2.6 HYUNDAI MOBIS
13.2.7 STONKAM CO., LTD.
13.2.8 BRIGADE ELECTRONICS GROUP PLC
13.2.9 LG ELECTRONICS
13.2.10 VAYYAR AUTOMOTIVE
13.2.11 STMICROELECTRONICS
13.2.12 NOVELIC
13.2.13 HUAWEI TECHNOLOGIES CO., LTD.
13.2.14 HELLA GMBH & CO. KGAA
14 RECOMMENDATIONS BY MARKETSANDMARKETS
14.1 EUROPE TO BE PROMINENT MARKET FOR AUTOMOTIVE RADAR
14.2 TECHNICAL ADVANCEMENTS IN RADAR TECHNOLOGY TO DRIVE AUTONOMOUS VEHICLE INNOVATION
14.3 GROWING DEMAND FOR ADVANCED DRIVER ASSISTANCE SYSTEMS TO AUTOMOTIVE RADAR MARKET
14.4 CONCLUSION
15 APPENDIX
15.1 KEY INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 CUSTOMIZATION OPTIONS
15.4.1 ADDITIONAL COMPANY PROFILES UP TO 5
15.4.2 AUTOMOTIVE RADAR MARKET BY TYPE AT COUNTRY LEVEL
15.4.3 AUTOMOTIVE RADAR MARKET BY FREQUENCY AT COUNTRY LEVEL
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
