What Has Been the Historical and Current Automotive Radar Market Size Analysis?
The Automotive Radar Market has seen exponential growth over the past few years.
• The market size escalated from $6.93 billion in 2024 to $8.13 billion in 2025, marking a CAGR of 17.4%.
This upswing can be primarily attributed to an increased emphasis on vehicle safety and collision avoidance, coupled with the adoption of advanced driver assistance systems (ADAS) in vehicles. The surge in demand for adaptive cruise control and autonomous features, stringent safety regulations, and the rise of advanced safety features also played significant roles in propelling the market growth.
What Will be the Automotive Radar Market Size and Growth Rate in the Future?
The automotive radar market is expected to witness strong growth in the coming years.
• The market size is projected to reach $15.26 billion in 2029 with a robust CAGR of 17.1%.
The augmentation in this period can be ascribed to a rise in demand for radar sensors in electric and autonomous vehicles, integration of 5G technology for faster and better communication, an increasing acceptance of radar for pedestrian detection and urban driving. The growth in the connected car ecosystem and the expansion of the commercial vehicle market with radar-based safety systems will also contribute to the market growth.
Which Factors Propel the Growth of the Automotive Radar Market?
A significant increase in road accidents is expected to be a key driver to propel the growth of the automotive radar market. Automotive radar is a sensor system for collision avoidance and detection of pedestrians and cyclists, complementing vision-based cameras. They are crucial in detecting vehicles and reducing accidents. For instance, in April 2024, the US National Highway Traffic Safety Administration reported that distracted driving led to 3,308 fatalities and nearly 289,310 injuries in 2022 in the US alone. Additionally, crashes involving distracted drivers killed 621 vulnerable road users, including pedestrians and cyclists.
What is the Automotive Radar Market Segmentation?
The automotive radar market is segmented by:
1) Vehicle Type: Passenger Car, Commercial Vehicle
2) Range: Long-Range Radar (LRR), Short And Medium-Range Radar (SMRR)
3) Frequency: 24 Ghz, 77 Ghz, 79 Ghz
4) Application: Adaptive Cruise Control (Acc), Autonomous Emergency Braking (Aeb), Blind Spot Detection (Bsd), Forward Collision Warning System, Intelligent Park Assists, Other Applications
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What are the Trends Shaping the Automotive Radar Market?
Among the key trends shaping the market is technological innovations. Major companies are introducing new technologies to increase their market share. For instance, in March 2022, Under, a US-based manufacturer of digital automotive radar-on-chip for automated systems, launched the industry's first 4G digital imaging radar-on-chip. This innovation helps to offer digital radar solutions with improved accuracy and enhanced sense for standing or moving objects at both short and long distances.
Who Are The Key Players In The Automotive Radar Market?
Key players in the automotive radar market include:
• Analog Devices Inc.
• Autoliv Inc.
• Continental AG
• DENSO Corporation
• NXP Semiconductors
• BorgWarner Inc.
• Robert Bosch GmbH
• Texas Instruments
• Valeo SA
• Infineon Technologies AG
What are the Regional Insights Into the Automotive Radar Market?
Asia-Pacific was the region with the largest share in the automotive radar market in 2024. The regions covered in the automotive radar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
