Automotive Radar Sensor Market Statistics, Trends, Size, Share, and Key Players by 2031

Coverage: Automotive Radar Sensor Market covers analysis Range (Long Range RADAR, Short Range RADAR and Medium Range RADAR), Application (Lane Change Assist, Adaptive Cruise Control, Autonomous Emergency Braking, Blind Spot Detection, Rear Cross Traffic Assist and Intelligent Parking Assistance), Frequency (2X-GHz and 7X-GHz), Vehicle Type(Passenger car and Commercial vehicles), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPAD00002263
  • Category : Automotive and Transportation
  • No. of Pages : 150
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Automotive Radar Sensor Market Report (2021-2031)

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The Automotive Radar Sensor Market is expected to register a CAGR of 12.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

The report is segmented by Range (Long Range RADAR, Short Range RADAR and Medium Range RADAR), Application (Lane Change Assist, Adaptive Cruise Control, Autonomous Emergency Braking, Blind Spot Detection, Rear Cross Traffic Assist and Intelligent Parking Assistance), Frequency (2X-GHz and 7X-GHz), Vehicle Type(Passenger car and Commercial vehicles), The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Automotive Radar Sensor Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Automotive Radar Sensor Market Segmentation

Range
  • Long Range RADAR
  • Short Range RADAR and Medium Range RADAR
Application
  • Lane Change Assist
  • Adaptive Cruise Control
  • Autonomous Emergency Braking
  • Blind Spot Detection
  • Rear Cross Traffic Assist and Intelligent Parking Assistance
Frequency
  • 2X-GHz and 7X-GHz
Frequency
  • 2X-GHz and 7X-GHz
Frequency
  • 2X-GHz and 7X-GHz

Strategic Insights

Automotive Radar Sensor Market Growth Drivers
  • The Growth of the Automotive Industry: Overall growth in the automotive industry, where high-end luxury vehicles are showing increasing production and sales, has contributed mainly to the automotive radar sensor market demand. Moreover, the growth in production and sales of passenger cars and commercial vehicles is one of the major factors driving the adoption of automotive radar sensor market. For instance, according to the OICA data, the production of passenger cars reached around 67.13 million units in 2023 compared to 61.60 million in 2022. Similarly, in 2023 the production of commercial vehicles was around 24.41 million units compared to 23.41 million units in 2022.
  • Increasing consideration for Safety and Security: This is mainly because of the demand for more safety and security features in a car. The manufacturers start integrating radar sensors as customers continue demanding added safety technologies for improving the adaptive cruise control, collision-avoidance systems, and lane-keeping assistants. Further, the implementation of safety regulations and stringent standards related to vehicle protection worldwide is further pushing the market growth.
  • Integration of ADAS Systems: With the rising production and sales of passenger cars and commercial vehicles, the integration of ADvanced Driver Assistance Systems (ADAS) is also growing which is further pushing the growth of automotive radar sensor market across different regions. This is mainly due to the the demand for adaptive features in vehicles such as cruise control, automatic emergency brakes, collision avoidance, and lane departure warning. These features highly rely on the radar sensors which is further pushing the market growth across different regions worldwide.
Automotive Radar Sensor Market Future Trends
  • Shift Towards Autonomous Vehicles: The growing shift from traditional manual vehicles to autonomous vehicles is one of the key trends pushing the market growth for automotive radar sensor market. Radar sensors provide full control over the safe navigation and decision making by providing accurate and real time data analysis of its surroundings. Radar sensors also allows better operational capabilities to operate during harsh environment conditions which is further pushing the market growth as well.
  • Advancements in Radar Sensors: The growing technological advancements in radar sensors such as miniaturization of radars, devlopment of high-resolution radar systems, compact designs, and improvised detection range is further generating awareness for the integration of radar sensors into automotive vehicles.
Automotive Radar Sensor Market Opportunities
  • Integration with Other Sensor Technologies:The integration of the automobile radar sensors into other sensor technologies, including the camera and LiDAR, will bring forward a host of many more opportunities. Further, ultrasonic sensors integration with automotive radars is also likely to generate new opportunities for automotive radar sensor market vendors in the coming years.
  • Adoption of Electric Vehicles: The growing production and sales of electric vehicles in order to reduce the carbon emission as initiatives taken by different countries is another major factor generating new opportunities for automotive radar sensor market vendors in the coming years. Further, the concept of mobility-as-a-service (MaaS) is also pushing the adoption of automotive radar sensors into different types of electric vehicles.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Automotive Radar Sensor Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Automotive Radar Sensor Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What is the expected CAGR of the Automotive Radar Sensor Market?

The Automotive Radar Sensor Market is estimated to witness a CAGR of 12.8% from 2023 to 2031

What are the growth opportunities impacting the global Automotive Radar Sensor Market?

The major factors driving the Automotive Radar Sensor Market are: The Growth of the Automotive Industry#Integration with Other Sensor Technologies

What is the future trend of the Automotive Radar Sensor Market?

Autonomy Automotive Radar Sensor Market is the key future trend of the Automotive Radar Sensor Market

Which are the leading players operating in the Automotive Radar Sensor Market

The leading players operating in the Automotive Radar Sensor Market include Continental AG, Denso Corporation, Infineon Technologies AG, InnoSenT, Kestrel Radar Sensors, NXP Semiconductors, Robert Bosch GmbH, Texas Instruments Incorporated, Valeo S.A, Uniquesec AB

What are the deliverable formats of the Automotive Radar Sensor Market report?

The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.

What are the options available for the customization of this report?

Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.

Table of Contents

1 INTRODUCTION
1.1 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2 KEY TAKEAWAYS
3 AUTOMOTIVE RADAR SENSOR MARKET LANDSCAPE
3.1 OVERVIEW
3.2 MARKET SEGMENTATION
3.2.1 Automotive Radar Sensor Market - By Range
3.2.2 Automotive Radar Sensor Market - By Application
3.2.3 Automotive Radar Sensor Market - By Frequency
3.2.4 Automotive Radar Sensor Market - By Vehicle Type
3.2.5 Automotive Radar Sensor Market - By Region
3.2.5.1 By Countries
3.3 PEST ANALYSIS
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific (APAC) - PEST Analysis
3.3.4 Middle East & Africa (MEA) - PEST Analysis
3.3.5 South America (SAM)- PEST Analysis

4 AUTOMOTIVE RADAR SENSOR MARKET - KEY INDUSTRY DYNAMICS
4.1 KEY MARKET DRIVERS
4.2 KEY MARKET RESTRAINTS
4.3 KEY MARKET OPPORTUNITIES
4.4 FUTURE TRENDS
4.5 IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
5 AUTOMOTIVE RADAR SENSOR MARKET - GLOBAL MARKET ANALYSIS
5.1 AUTOMOTIVE RADAR SENSOR - GLOBAL MARKET OVERVIEW
5.2 AUTOMOTIVE RADAR SENSOR - GLOBAL MARKET AND FORECAST TO 2025
6 AUTOMOTIVE RADAR SENSOR MARKET REVENUE AND FORECASTS TO 2028 - RANGE
6.1 OVERVIEW
6.2 RANGE MARKET FORECASTS AND ANALYSIS
6.3 LONG RANGE RADAR MARKET
6.3.1 Overview
6.3.2 Long Range RADAR market forecast and analysis
6.4 SHORT RANGE RADAR MARKET
6.4.1 Overview
6.4.2 Short Range Radar market forecast and analysis
6.5 MEDIUM RANGE RADAR MARKET
6.5.1 Overview
6.5.2 Medium Range RADAR market forecast and analysis
7 AUTOMOTIVE RADAR SENSOR MARKET REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1 OVERVIEW
7.2 APPLICATION MARKET FORECASTS AND ANALYSIS
7.3 LANE CHANGE ASSISTMARKET
7.3.1 Overview
7.3.2 Lane Change Assist market forecast and analysis
7.4 ADAPTIVE CRUISE CONTROL MARKET
7.4.1 Overview
7.4.2 Adaptive Cruise Control market forecast and analysis
7.5 AUTONOMOUS EMERGENCY BRAKING MARKET
7.5.1 Overview
7.5.2 Autonomous Emergency Braking market forecast and analysis
7.6 BLIND SPOT DETECTION MARKET
7.6.1 Overview
7.6.2 Blind Spot Detection market forecast and analysis
7.7 REAR CROSS TRAFFIC ASSIST MARKET
7.7.1 Overview
7.7.2 Rear Cross Traffic Assist market forecast and analysis
7.8 INTELLIGENT PARKING ASSISTANCE MARKET
7.8.1 Overview
7.8.2 Intelligent Parking Assistance market forecast and analysis

8 AUTOMOTIVE RADAR SENSOR MARKET REVENUE AND FORECASTS TO 2028 - FREQUENCY
8.1 OVERVIEW
8.2 FREQUENCY MARKET FORECASTS AND ANALYSIS
8.3 2X-GHZ MARKET
8.3.1 Overview
8.3.2 2X-GHz market forecast and analysis
8.4 7X-GHZ MARKET
8.4.1 Overview
8.4.2 7X-GHz market forecast and analysis
9 AUTOMOTIVE RADAR SENSOR MARKET REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
9.1 OVERVIEW
9.2 VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
9.3 PASSENGER CARS MARKET
9.3.1 Overview
9.3.2 Passenger cars market forecast and analysis
9.4 COMMERCIAL VEHICLES MARKET
9.4.1 Overview
9.4.2 Commercial vehicles market forecast and analysis
10 AUTOMOTIVE RADAR SENSOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1 NORTH AMERICA
10.1.1 North America Automotive Radar Sensor Market Overview
10.1.2 North America Automotive Radar Sensor Market Forecasts and Analysis
10.1.3 North America Market Forecasts and Analysis - By Countries
10.1.3.1 US market
10.1.3.2 Canada market
10.1.3.3 Mexico market
10.1.4 North America Market Forecasts and Analysis - By Range
10.1.5 North America Market Forecasts and Analysis - By Application
10.1.6 North America Market Forecasts and Analysis - By Frequency
10.1.7 North America Market Forecasts and Analysis - By Vehicle Type
10.2 EUROPE
10.2.1 Europe Automotive Radar Sensor Market Overview
10.2.2 Europe Automotive Radar Sensor Market Forecasts and Analysis
10.2.3 Europe Market Forecasts and Analysis - By Countries
10.2.3.1 France market
10.2.3.2 Germany market
10.2.3.3 Italy market
10.2.3.4 Spain market
10.2.3.5 UK market
10.2.4 Europe Market Forecasts and Analysis - By Range
10.2.5 Europe Market Forecasts and Analysis - By Application
10.2.6 Europe Market Forecasts and Analysis - By Frequency
10.2.7 Europe Market Forecasts and Analysis - By Vehicle Type
10.3 ASIA PACIFIC (APAC)
10.3.1 Asia Pacific Automotive Radar Sensor Market Overview
10.3.2 Asia Pacific Automotive Radar Sensor Market Forecasts and Analysis
10.3.3 Asia Pacific Market Forecasts and Analysis - By Countries
10.3.3.1 Australia market
10.3.3.2 China market
10.3.3.3 India market
10.3.3.4 Japan market
10.3.4 Asia Pacific Market Forecasts and Analysis - By Range
10.3.5 Asia Pacific Market Forecasts and Analysis - By Application
10.3.6 Asia Pacific Market Forecasts and Analysis - By Frequency
10.3.7 Asia Pacific Market Forecasts and Analysis - By Vehicle Type
10.4 MIDDLE EAST AND AFRICA (MEA)
10.4.1 Middle East and Africa Automotive Radar Sensor Market Overview
10.4.2 Middle East and Africa Automotive Radar Sensor Market Forecasts and Analysis
10.4.3 Middle East and Africa Market Forecasts and Analysis - By Countries
10.4.3.1 South Africa market
10.4.3.2 Saudi Arabia market
10.4.3.3 UAE market
10.4.4 Middle East and Africa Market Forecasts and Analysis - By Range
10.4.5 Middle East and Africa Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Market Forecasts and Analysis - By Frequency
10.4.7 Middle East and Africa Market Forecasts and Analysis - By Vehicle Type
10.5 SOUTH AMERICA (SAM)
10.5.1 South America Automotive Radar Sensor Market Overview
10.5.2 South America Automotive Radar Sensor Market Forecasts and Analysis
10.5.3 South America Market Forecasts and Analysis - By Countries
10.5.3.1 Brazil market
10.5.4 South America Market Forecasts and Analysis - By Range
10.5.5 South America Market Forecasts and Analysis - By Application
10.5.6 South America Market Forecasts and Analysis - By Frequency
10.5.7 South America Market Forecasts and Analysis - By Vehicle Type

11 INDUSTRY LANDSCAPE
11.1 MERGERS & ACQUISITIONS
11.2 MARKET INITIATIVES
11.3 NEW DEVELOPMENTS
11.4 INVESTMENT SCENARIOS
12 COMPETITIVE LANDSCAPE
12.1 COMPETITIVE PRODUCT MAPPING
12.2 MARKET POSITIONING/ MARKET SHARE
13 AUTOMOTIVE RADAR SENSOR MARKET, KEY COMPANY PROFILES
13.1 ROBERT BOSCH GMBH.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Financial Overview
13.1.4 SWOT Analysis
13.1.5 Key Developments
13.2 INFINEON TECHNOLOGIES AG
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Financial Overview
13.2.4 SWOT Analysis
13.2.5 Key Developments
13.3 NXP SEMICONDUCTORS.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Financial Overview
13.3.4 SWOT Analysis
13.3.5 Key Developments
13.4 DENSO CORPORATION.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Financial Overview
13.4.4 SWOT Analysis
13.4.5 Key Developments
13.5 TEXAS INSTRUMENTS INCORPORATED.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Financial Overview
13.5.4 SWOT Analysis
13.5.5 Key Developments
13.6 AUTOLIV INC.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Financial Overview
13.6.4 SWOT Analysis
13.6.5 Key Developments
13.7 KESTREL RADAR SENSORS
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Financial Overview
13.7.4 SWOT Analysis
13.7.5 Key Developments
13.8 UNIQUESEC AB.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Financial Overview
13.8.4 SWOT Analysis
13.8.5 Key Developments
13.9 VALEO S.A
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Financial Overview
13.9.4 SWOT Analysis
13.9.5 Key Developments
13.10 INNOSENT.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Financial Overview
13.10.4 SWOT Analysis
13.10.5 Key Developments

14 APPENDIX
14.1 ABOUT THE INSIGHT PARTNERS
14.2 GLOSSARY OF TERMS
14.3 RESEARCH METHODOLOGY


The List of Companies

1. Infineon Technologies AG
2. Robert Bosch GmbH.
3. Denso Corporation
4. Nxp Semiconductors.
5. Texas Instruments Incorporated
6. InnoSenT.
7. Autoliv Inc.
8. Kestrel Radar Sensors
9. Uniquesec AB.
10. Valeo S.A

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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