Global Automotive Radar Market Analysis & Trends - Industry Forecast to 2028

Global Automotive Radar Market Analysis & Trends - Industry Forecast to 2028

Automotive Radar: Market Size

From $5.33 billion in 2020, the global Automotive Radar market is projected to reach $25.86 billion by 2028. Based on our analysis the market is expected to grow at a CAGR of 21.8% from 2020 - 2028 timeframe. Some of the prominent trends that the market is witnessing include, increasing adoption of long-range radar systems, growing demand for ADAS features, and an increase in demand for safety features in automobiles.

Global Automotive Radar Market: Market Dynamics

Vehicle manufacturers are focusing on developing next-generation car models that would be equipped with up to ten radar sensors. This enables a radar-based 360-degree surround-view that is necessary for semi-autonomous operation, as well as advanced driver assistance. Therefore, the command for multi-functional radar systems from the automotive industry is increasing exponentially. The growing requirements have led to a greater R&D in the field of radar systems of the automotive sector.

For instance, in August 2020, Huawei augmented investment in its optoelectronics R&D center in Wuhan, China with a focus on developing low-cost LiDAR technology and radar sensors. Hence, larger investments in improving the sensor and functionality capabilities of automotive radar as well as reducing the cost of radar technology are likely to drive the growth of the market.

On the other hand, usage of RADAR detectors being considered as illegal in some countries is likely to obstruct the profit boundaries. In addition, increased demand for premium segment vehicles and rising government regulations for vehicle safety will further boost the automotive radar market.

Impact of Covid-19 on Automotive Radar

The outbreak of COVID-19 has had a negative impact on the Automotive Radar Market. The covid-19 pandemic caused an unexpected lockdown in many parts of the world for preventing the spread of the virus which resulted in the rapid closing down of shops, factories, etc. The rapid decline of demand and supply and travel bans led to the downfall of the non-essential product market globally. The pandemic has made a major negative impact on the economy due to less work happening, less demand, shortage of employees in the factory, also due to travel ban which led to a shortage of raw materials, thus stopping the production. On the other hand, with the lockdown being relaxed and vaccination drives happening in many countries, the workflow has started growing thus, helping the market players to make a comeback. Government regulations and support regarding the growth in the economy and mounting start-ups are expected to surge the valuation of the automotive radar market during the forecast period. Hence, with these initiatives and processes, market growth is anticipated to grow in the near future.

By Frequency Type

7X-GHz Systems Segment Dominate the Market in 2020

The 7X-GHz systems segment made enormous revenue in 2020 and growing its prominence during the forecast period. The high demand for the 7X-GHz systems can be ascribed to advantages accessible by these sensors in different advanced driver assistance systems (ADAS) applications. 7X-GHz systems are used in adaptive cruise control, emergency braking system, and collision avoidance system among others. The market for these technologies is on the rise due to their better resolution and range capability.

By Geography

North America Region is Leading in the Global Market Place

North America is likely to have a huge demand in the forecast period due to the increasing development activities for autonomous vehicles, which are leading to high demand for radars in the continent. Along with the main regional automakers focusing on technological enhancements, governments are implementing several policies and presenting financial incentives for the implementation of such devices.

List of the Key Players Profiled in the Market Include:

• Aptiv plc
• Continental AG
• Denso Corporation
• HELLA GMBH & CO. KGAA
• Nidec Elesys Corporation
• Robert Bosch GmbH
• TungThih Electronic Co., Ltd.
• Valeo SA
• Veoneer Inc.
• ZF Friedrichshafen AG
• Autoliv Inc.
• Delphi Automotive Company
• NXP Semiconductors
• Texas Instruments
• Analog Devices, Inc
• Baumer

List of the Regions/Countries Profiled in the Market Include:

North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others


1 Market Outline
1.1 Definition
1.2 Market Segmentation & Scope
1.3 Market Trends
1.4 Regulatory Factors
1.5 Application Analysis
1.6 Strategic Benchmarking
1.7 Opportunity Analysis
2 Executive Summary
3 Research Methodology and Data Source
3.1 Methodology/Research Approach
3.1.1 Research Programs/Design
3.1.2 Market Size Estimation
3.2 Data Source and Assumptions
3.2.1 Purchased Database
3.2.2 Company Repository
3.2.3 Secondary Sources
3.2.4 Primary Research
3.2.5 List of Assumptions
4 Market Overview
4.1 Current Trends
4.1.1 Increasing Adoption of Long-Range Radar Systems
4.1.2 Growing Demand for ADAS Features
4.1.3 Increase in Demand for Safety Features in Automobiles
4.1.4 Growth Opportunities/Investment Opportunities
4.2 Drivers
4.3 Constraints
4.4 Impact of COVID-19
5 Market Factor Analysis
5.1 Porters Five Forces
5.1.1 Bargaining power of suppliers
5.1.2 Bargaining power of buyers
5.1.3 Threat of substitutes
5.1.4 Threat of new entrants
5.1.5 Competitive rivalry
5.2 Value Chain Analysis/Supply Chain Analysis
6 Consumer behaviour analysis/Consumer Research
6.1 Consumer trends and preferences
6.2 Factors affecting buying decision
6.3 Consumer product adoption
6.4 Observation & Recommendations
7 Automotive Radar Market, By Vehicle Type
7.1 Economic Passenger Vehicle
DATA TABLE Economic Passenger Vehicle Market Forecast to 2028 (US$ MN)
7.2 Light Commercial Vehicles
DATA TABLE Light Commercial Vehicles Market Forecast to 2028 (US$ MN)
7.3 Medium and Heavy Commercial Vehicles
DATA TABLE Medium and Heavy Commercial Vehicles Market Forecast to 2028 (US$ MN)
7.4 Luxury Passenger Vehicle
DATA TABLE Luxury Passenger Vehicle Market Forecast to 2028 (US$ MN)
7.5 Mid-Price Passenger Vehicle
DATA TABLE Mid-Price Passenger Vehicle Market Forecast to 2028 (US$ MN)
8 Automotive Radar Market, By Frequency Type
8.1 2X-GHZ Systems
DATA TABLE 2X-GHZ Systems Market Forecast to 2028 (US$ MN)
8.2 7X-GHZ Systems
DATA TABLE 7X-GHZ Systems Market Forecast to 2028 (US$ MN)
9 Automotive Radar Market, By Range
9.1 Long Range
DATA TABLE Long Range Market Forecast to 2028 (US$ MN)
9.2 Mid-Range
DATA TABLE Mid-Range Market Forecast to 2028 (US$ MN)
9.3 Short Range
DATA TABLE Short Range Market Forecast to 2028 (US$ MN)
10 Automotive Radar Market, By Vehicle Autonomy
10.1 Semi-Autonomous
DATA TABLE Semi-Autonomous Market Forecast to 2028 (US$ MN)
10.1.1 Level 1
DATA TABLE Level 1 Market Forecast to 2028 (US$ MN)
10.1.2 Level 2
DATA TABLE Level 2 Market Forecast to 2028 (US$ MN)
10.1.3 Level 3
DATA TABLE Level 3 Market Forecast to 2028 (US$ MN)
10.2 Fully Autonomous
DATA TABLE Fully Autonomous Market Forecast to 2028 (US$ MN)
10.2.1 Level 4
DATA TABLE Level 4 Market Forecast to 2028 (US$ MN)
10.2.2 Level 5
DATA TABLE Level 5 Market Forecast to 2028 (US$ MN)
11 Automotive Radar Market, By Sales Channel
11.1 Aftermarket
DATA TABLE Aftermarket Market Forecast to 2028 (US$ MN)
11.2 Original Equipment Manufacturer (OEM)
DATA TABLE Original Equipment Manufacturer (OEM) Market Forecast to 2028 (US$ MN)
12 Automotive Radar Market, By Application
12.1 Autonomous Emergency Braking (AEB)
DATA TABLE Autonomous Emergency Braking (AEB) Market Forecast to 2028 (US$ MN)
12.2 Adaptive Cruise Control (ACC)
DATA TABLE Adaptive Cruise Control (ACC) Market Forecast to 2028 (US$ MN)
12.3 Blind Spot Detection (BSD)
DATA TABLE Blind Spot Detection (BSD) Market Forecast to 2028 (US$ MN)
12.4 Intelligent Park Assist
DATA TABLE Intelligent Park Assist Market Forecast to 2028 (US$ MN)
12.5 Forward Collision Warning System (FCWS)
DATA TABLE Forward Collision Warning System (FCWS) Market Forecast to 2028 (US$ MN)
13 Automotive Radar Market, By Geography
13.1 North America
DATA TABLE North America Market Forecast by Countries to 2028 (US$ MN)
13.1.1 US
13.1.2 Canada
13.1.3 Mexico
13.2 Europe
DATA TABLE Europe Market Forecast by Countries to 2028 (US$ MN)
13.2.1 Germany
13.2.2 U.K
13.2.3 Italy
13.2.4 France
13.2.5 Spain
13.2.6 Rest of Europe
13.3 Asia Pacific
DATA TABLE Asia Pacific Market Forecast by Countries to 2028 (US$ MN)
13.3.1 China
13.3.2 Japan
13.3.3 India
13.3.4 Australia
13.3.5 New Zealand
13.3.6 Rest of Asia Pacific
13.4 Middle East
DATA TABLE Middle East Market Forecast by Countries to 2028 (US$ MN)
13.4.1 Saudi Arabia
13.4.2 UAE
13.4.3 Rest of Middle East
13.5 Latin America
DATA TABLE Latin America Market Forecast by Countries to 2028 (US$ MN)
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Rest of Latin America
13.6 Rest of the World (RoW)
DATA TABLE Rest of the World (RoW) Market Forecast by Countries to 2028 (US$ MN)
13.6.1 South Africa
13.6.2 Others
14 Key Player Activities
14.1 Acquisitions & Mergers
14.2 Agreements, Partnerships, Collaborations and Joint Ventures
14.3 Product Launch & Expansions
14.4 Other Activities
15 Leading Companies
15.1 Aptiv plc
15.2 Continental AG
15.3 Denso Corporation
15.4 HELLA GMBH & CO. KGAA
15.5 Nidec Elesys Corporation
15.6 Robert Bosch GmbH
15.7 TungThih Electronic Co., Ltd.
15.8 Valeo SA
15.9 Veoneer Inc.
15.10 ZF Friedrichshafen AG
15.11 Autoliv Inc.
15.12 Delphi Automotive Company
15.13 NXP Semiconductors
15.14 Texas Instruments
15.15 Analog Devices, Inc
15.16 Baumer
List of Tables
Table 1 Global Automotive Radar Market By Region, Market Forecast (2018-2028) (US $MN)
Table 2 Global Automotive Radar Market By Vehicle Type, Market Forecast (2018-2028) (US $MN)
Table 3 Global Automotive Radar Market By Economic Passenger Vehicle, Market Forecast (2018-2028) (US $MN)
Table 4 Global Automotive Radar Market By Light Commercial Vehicles, Market Forecast (2018-2028) (US $MN)
Table 5 Global Automotive Radar Market By Medium and Heavy Commercial Vehicles, Market Forecast (2018-2028) (US $MN)
Table 6 Global Automotive Radar Market By Luxury Passenger Vehicle, Market Forecast (2018-2028) (US $MN)
Table 7 Global Automotive Radar Market By Mid-Price Passenger Vehicle, Market Forecast (2018-2028) (US $MN)
Table 8 Global Automotive Radar Market By Frequency Type, Market Forecast (2018-2028) (US $MN)
Table 9 Global Automotive Radar Market By 2X-GHZ Systems, Market Forecast (2018-2028) (US $MN)
Table 10 Global Automotive Radar Market By 7X-GHZ Systems, Market Forecast (2018-2028) (US $MN)
Table 11 Global Automotive Radar Market By Range, Market Forecast (2018-2028) (US $MN)
Table 12 Global Automotive Radar Market By Long Range, Market Forecast (2018-2028) (US $MN)
Table 13 Global Automotive Radar Market By Mid-Range, Market Forecast (2018-2028) (US $MN)
Table 14 Global Automotive Radar Market By Short Range, Market Forecast (2018-2028) (US $MN)
Table 15 Global Automotive Radar Market By Vehicle Autonomy, Market Forecast (2018-2028) (US $MN)
Table 16 Global Automotive Radar Market By Semi-Autonomous, Market Forecast (2018-2028) (US $MN)
Table 17 Global Automotive Radar Market By Level 1, Market Forecast (2018-2028) (US $MN)
Table 18 Global Automotive Radar Market By Level 2, Market Forecast (2018-2028) (US $MN)
Table 19 Global Automotive Radar Market By Level 3, Market Forecast (2018-2028) (US $MN)
Table 20 Global Automotive Radar Market By Fully Autonomous, Market Forecast (2018-2028) (US $MN)
Table 21 Global Automotive Radar Market By Level 4, Market Forecast (2018-2028) (US $MN)
Table 22 Global Automotive Radar Market By Level 5, Market Forecast (2018-2028) (US $MN)
Table 23 Global Automotive Radar Market By Sales Channel, Market Forecast (2018-2028) (US $MN)
Table 24 Global Automotive Radar Market By Aftermarket, Market Forecast (2018-2028) (US $MN)
Table 25 Global Automotive Radar Market By Original Equipment Manufacturer (OEM), Market Forecast (2018-2028) (US $MN)
Table 26 Global Automotive Radar Market By Application, Market Forecast (2018-2028) (US $MN)
Table 27 Global Automotive Radar Market By Autonomous Emergency Braking (AEB) , Market Forecast (2018-2028) (US $MN)
Table 28 Global Automotive Radar Market By Adaptive Cruise Control (ACC), Market Forecast (2018-2028) (US $MN)
Table 29 Global Automotive Radar Market By Blind Spot Detection (BSD), Market Forecast (2018-2028) (US $MN)
Table 30 Global Automotive Radar Market By Intelligent Park Assist, Market Forecast (2018-2028) (US $MN)
Table 31 Global Automotive Radar Market By Forward Collision Warning System (FCWS), Market Forecast (2018-2028) (US $MN)
NOTE: Tables for North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the World are represented in the same manner above.

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