Global Market Size, Forecast, and Trend Highlights Over 2025-2037
ADAS Radar Systems Market size was valued at USD 12.16 billion in 2024 and is set to exceed USD 42.98 billion by 2037, registering over 10.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of ADAS radar systems is evaluated at USD 14.23 billion.
The major factor accredited to the market growth is the rising demand for safety feature-enabled vehicles owing to the surging cases of road accidents worldwide. World Health Organization 2022 statistics state that each year, road crashes are responsible for over 1 million deaths worldwide. Advanced Driver-Assistance Systems (ADAS), support driver in navigation, and parking, along with several other applications, whereas, ADAS radars sensors are mounted on vehicles for detecting objects in front of the vehicle which basically deliver drivers with safety alerts and enable in execution of safety operations such as automatic emergency braking (ABS), adaptive cruise control (ACC), and blind spot monitoring among others. Hence, the augmenting use of aforementioned advanced features and sensory technology in automobiles to ensure the safety of vehicles, drivers, and pedestrians is bolstering the market growth. As per findings over 9.6 billion automotive sensors were sold globally in 2021.
ADAS Radar Systems Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Penetration of Autonomous & Smart Vehicles – In 2022, China had more than 55% of all smart vehicles in the world with different levels of automation. Autonomous cars assure safe driving with no human interaction supported by the installation of a wide range of sensors in these vehicles to build reliable vision. The sensors technologies such as ultrasonic, LiDAR, and RADAR help autonomous vehicles detect blockages in the driving environment and ensure vehicle movement without facing any fatalities. Hence, with the rising shift of the automotive industry from human-driven vehicles to self-driven vehicles with higher levels of autonomy, the demand for such technologies is also expected to expand, propelling the growth of the ADAS radar system market in the near future.
- Rising Number of Vehicles Production & Growing Demand for Luxury Cars – The surging production of vehicles worldwide which in number reached to be around 80 million motor vehicles worldwide in 2021, owing to their rising demand is responsible for growing innovation and advancements in the automotive industry. Moreover, the increasing disposable income and the rising standard of living of the global population are augmenting the demand for premium cars with more advanced features which is further estimated to boost the market growth. For instance, in 2021, luxury car retails in India exhibited an upward trend and grew by ~19% compared to 2020.
Challenges
- Concern Related Sensor Limitations – The available current sensor technologies have difficulty detecting small objects or fast-moving things and may fail in traffic safety tasks. These limitations need development and are currently hampering the market growth.
- Expensive Charges for Customization & Installations
- Complex In-built Functions
ADAS Radar Systems Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
10.2% |
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Base Year Market Size (2024) |
USD 12.16 billion |
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Forecast Year Market Size (2037) |
USD 42.98 billion |
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Regional Scope |
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ADAS Radar Systems Segmentation
Vehicle Type {Heavy Commercial Vehicle (HCV), Light Commercial Vehicle (LCV), Passenger Vehicle}
The passenger vehicle segment is predicted to garner the largest market share of around 45% by the end of 2037. The growing demand for electric & autonomous passenger cars globally and the rising adoption of vision systems in passenger vehicles that employ technologies such as semiconductor-based vision sensors, light-based LIDAR, and radio-based radar is projected to augment the segment growth in the upcoming years.
System Type (Blind Spot Detection, Parking Assistance, Lane Departure Warning System, Autonomous Emergency Braking, Intelligent Headlights, Adaptive Cruise Control, Heads-up Display)
The adaptive cruise control segment is projected to generate the highest market share during 2037 owing to the ongoing advancements in the active safety system of vehicles to automatically controls the acceleration and braking of a vehicle. Adaptive cruise control works on sensory technology and uses a radar sensor or laser sensor or camera setup that allows the car to discover an object and warn the driver about potential forward collisions.
Moreover, the autonomous emergency braking segment is estimated to witness major growth on the back of a growing number of vehicles and a surge in road crash incidences which is responsible for the elevating demand for advanced pre-crash or collision avoidance systems (CAS) to prevent the severity of a vehicle collision.
Our in-depth analysis of the global market includes the following segments:
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Vehicle Type |
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System Type |
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Component |
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Customize this ReportADAS Radar Systems Industry - Regional Synopsis
APAC Market Forecast
The ADAS radar systems market in Asia Pacific is projected to be the largest with a share of about 38% by the end of 2037. The presence of giant automobile manufacturing leaders in countries such as China and the high production of vehicles owing to its rising demand for smart vehicles together with the adoption of advanced automotive technology in the region are leading to the expansion of the regional market.
Additionally, the incorporation of technologies, such as advanced driver assistance systems in vehicles and installations of ADAS sensor components for driving safer and more comfortably is projected to boost the regional market growth.
North American Market Statistics
The North America ADAS radar systems market is estimated to be the second largest, registering a share of about 22% by the end of 2037, owing to the rising penetration of connected vehicles in the region. Moreover, the rising rate of road vehicle accidents in countries such as the United States and the increased demand for cars with advanced features such as radar system that is becoming breakthrough automotive ADAS technology for improving road safety and enabling driver convenience is also predicted to rapidly expand the ADAS radar systems market in the region. According to the statistics, in the United States, there were 39,508 fatal motor vehicle crashes in 2021 resulting in nearly 42,939 deaths.
Companies Dominating the ADAS Radar Systems Landscape
- Robert Bosch GmbH
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Renesas Electronics Corporation
- Valeo
- Magna International Inc.
- DENSO Corporation
- Continental AG
- Aptiv plc
- Hyundai Mobis (Hyundai Motor Group)
- Veoneer Inc.
- ZF Friedrichshafen AG
In the News
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October 21, 2021: Robert Bosch GmbH to participate in publicly funded CONCORDA project in a consortium headed by Ertico project which is innovated to secure data transmission supports assistance systems in safety-critical driving situations and used for future automated driving functions.
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September 29, 2021: Horizon Products and Continental AG to join hands for the commercialization of automotive AI technology. The main focus of this venture are the artificial intelligence processors and algorithms for intelligent driving.
Author Credits: Abhishek Verma
- Report ID: 3787
- Published Date: Dec 20, 2024
- Report Format: PDF, PPT
