Global Automotive Radar Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2028

The automotive radar market is expected to grow at a CAGR of 22% from 2022 to 2030. The growth of the market is attributed to the increasing demand for advanced safety features in vehicles, such as adaptive cruise control (ACC), autonomous emergency braking (AEB), and blind spot detection (BSD).

Segmentation

The automotive radar market is segmented by application, frequency, range, vehicle type, and region.

• By application: The market is segmented into ACC, AEB, BSD, forward collision warning system (FCWS), intelligent park assist, and others. ACC is the largest segment of the market, and is expected to continue to dominate the market during the forecast period. This is due to the increasing demand for ACC in luxury and mid-segment vehicles.
• By frequency: The market is segmented into 24 GHz, 77 GHz, and 79 GHz. 77 GHz is the fastest growing segment of the market, and is expected to continue to grow during the forecast period. This is due to the increasing penetration of 77 GHz radar in AEB and ACC systems.
• By range: The market is segmented into long-range radar (LRR) and short & medium range radar (S&MRR). S&MRR is the largest segment of the market, and is expected to continue to dominate the market during the forecast period. This is due to the increasing demand for S&MRR in ACC and BSD systems.
• By vehicle type: The market is segmented into passenger cars and commercial vehicles. Passenger cars are the largest segment of the market, and is expected to continue to dominate the market during the forecast period. This is due to the increasing demand for advanced safety features in passenger cars.
• By region: The market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is the largest market for automotive radar, and is expected to continue to dominate the market during the forecast period. This is due to the early adoption of advanced safety features in vehicles in North America.

Key Players

The key players in the automotive radar market are Bosch, Continental, Infineon Technologies, Delphi Automotive, and Texas Instruments. These players are focusing on developing innovative radar technologies to meet the increasing demand for advanced safety features in vehicles.

Challenges

The automotive radar market is facing some challenges, such as the high cost of radar sensors, the limited availability of skilled labor, and the regulatory requirements for radar systems. However, the market is expected to grow significantly due to the increasing demand for advanced safety features in vehicles.

Opportunities

The automotive radar market is expected to grow significantly due to the increasing demand for advanced safety features in vehicles. The market is also expected to be driven by the increasing adoption of autonomous vehicles.