Automotive Radar Market

Analysis by Range (Short, Medium, and Long Range); by Application {Blind Spot Detection (BSD), Forward Collision Warning System, Autonomous Emergency Braking (AEB), Adaptive Cruise Control (ACC), Intelligent Park Assist, and Other Advanced Driver Assistance System (ADAS) Applications}; and by Vehicle Type (Passenger Vehicles, and Commercial Vehicles) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

Buy Now
Report ID: 4509 | Published On: Feb 24, 2023
Request Free Sample Copy

Global Automotive Radar Market Size, Forecast, and Trend Highlights Over 2023 - 2033

The global automotive radar market is estimated to garner a revenue of ~USD 15 billion by the end of 2033 by growing at a CAGR of ~12% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 5 billion in the year 2022.  The growth of the market can primarily be attributed to the growing number of vehicles on the road, along with rising concern over the increasing incidence of road accidents worldwide, and surging demand for features related to the safety of the vehicles. For instance, according to World Health Organization data, road traffic crashes result in nearly 1.3 million deaths each year.


Automotive radar systems are critical sensor systems in advanced driving assistance systems and primary sensors that are used in adaptive cruise control. Radars provide evident benefits such as detecting motion, measuring speed, distance, and the angle of arrival as well as the direction of movement that serve various purposes such as collision avoidance, and pedestrian & cyclist detection. Radar complements vision-based camera-sensing systems that can work in adverse conditions such as rain, fog, and dust, enabling the coverage of long-range as well as close distances. With the recent advancements in radar sensors as well as steering assistance, the demand for automotive radar is on the rise among vehicle users, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global automotive radar market during the forecast period. For instance, steering assistance features used to keep a vehicle in its lane were installed in almost 63% and ~56% of new cars sold in United States and Europe in 2021.

Get more information on this report: Request Sample PDF

Global Automotive Radar Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~ USD 5 Billion

Forecast Year Market Size (2033)

~ USD 15 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Global Automotive Radar Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand Radar in Autonomous Vehicles – Radar operates at frequencies of 24, 74, 77, and 79 GHz in autonomous vehicles. There are two types of radar for autonomous vehicular applications, impulse and frequency-modulated continuous wave (FMCW). With the rising demand for autonomous vehicles, the automotive radar market is expected to boost in the projected period. It is estimated that autonomous vehicles will account for approximately 12 percent of total car registrations by 2030 globally.

  • Increasing Demand for Cars – With the burgeoning population, the need for individualized and personalized transportation has generated a high demand for cars. With the increasing production of cars, the demand for automotive radars is also expected to grow and bring profitable opportunities for the market in the forecast period. The sales of the car are expected to reach more than 100 million units by 2030 worldwide.

  • Upsurge in the Installations of Advanced Driver Assistance System (ADAS) – Recent statistics revealed that advanced driver assistance system (ADAS) features were installed in about 1 billion cars in use in 2020 across the world.

  • Rising Penetration of Connected Cars – For instance, there were over 200 million connected cars in 2021, and this ratio is expected to expand to nearly 400 million connected cars by 2025 worldwide.


  • Possibility of Data Threat - Security flaws in automobile technologies such as radar and dedicated short-range communication (DSRC) must be properly investigated as vehicles become more automated. Existing automotive radar solutions are sensitive to data threats such as jamming, interference, and spoofing. Such spoofing attacks from outside parties, potentially result in deadly accidents, hence the associated data threat is estimated to hamper the growth of the market over the forecast period.
  • Huge Investment is Required for Research & Development
  • High Cost of Installation of Advanced Features in Automobiles

Market Segmentation

The global automotive radar market is segmented and analyzed for demand and supply by vehicle type into passenger, and commercial vehicles. Amongst these segments, the commercial vehicles segment is anticipated to garner the largest revenue by the end of 2033, as some radar sensors are specially adapted for commercial vehicle to enable fast, robust, and highly accurate object detection. Furthermore, the growing demand for commercial vehicles, along with the radical surge in the sale of commercial vehicles worldwide, is further anticipated to boost the market’s growth. For instance, the sale of commercial vehicles in the United States exceeded around 12,050,000 units in 2021.

The global automotive radar market is also segmented and analyzed for demand and supply by application into blind spot detection (BSD), forward collision warning system, autonomous emergency braking (AEB), adaptive cruise control (ACC), intelligent park assist, and other advanced driver assistance system (ADAS). Out of these, the intelligent park assist segment is attributed to garner the highest revenue by the end of the forecast period. The major factor contributing to the high demand for intelligent park assist applications is the need for parking assistance by the population to avoid backside collisions and accidents. Further, the demand for luxury vehicles, sports cars, and advanced vehicles also needs intelligent park assist features to enhance safety. Also, another factor contributing positively to the segment’s growth is the installation of intelligent park assist in electric vehicles. On the other hand, the adaptive cruise control (ACC) segment is also expected to hold a significant share over the analysis period. The high utilization rate of adaptive cruise control in significant automotive markets such as Germany, the U.S., the UK, and China, among others, is considered to create a positive outlook for segment growth. In addition, the various advantages and prominent benefits offered by adaptive cruise control in vehicle safety and the level of automation in a vehicle make it an ideal option in the automotive industry for improving vehicles.

Our in-depth analysis of the global automotive radar market includes the following segments:

              By Range

  • Short Range
  • Medium Range
  • Long Range

              By Application

  • Blind Spot Detection (BSD)
  • Forward Collision Warning System
  • Autonomous Emergency Braking (AEB)
  • Adaptive Cruise Control (ACC)
  • Intelligent Park Assist
  • Other Advanced Driver Assistance System (ADAS) Applications

              By Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles

Global Automotive Radar Market Regional Synopsis

The Asia Pacific automotive radar market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The rising economies in the Asia Pacific region have increased the per capita income and spending capacity of the population has led to a surge in automobile production. This trend is anticipated to fuel the demand for automotive radars in the region, especially in India and China. The total production of vehicles in the region was 46 million in 2021, whereas, the total sales in the region was 42 million in 2021 as per statistics released by the International Organization of Motor Vehicles. Further, the prevalence of a high number of car accidents and rising awareness about the benefits of automotive radar such as driving assistance features, brake assist, collision warning systems, and others are anticipated to drive the global automotive radars market’s growth.

On the other hand, the market in the Europe region is also projected to grow steadily with a notable CAGR. Moreover, the rising governmental regulations for vehicle safety implemented by the government are anticipated to increase the utilization rate of automotive radars in the automotive sector. Other factors such as high demand for hybrid vehicles and increasing road accidents are also anticipated to positively contribute to market expansion.


Get more information on this report: Request Sample PDF

Top Featured Companies Dominating the Global Automotive Radar Market

    • Infineon Technologies AG
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Volvo Car Group
    • NXP Semiconductors N.V.
    • Analog Devices, Inc.
    • BorgWarner Inc.
    • Denso Corporation
    • Continental AG
    • Robert Bosch GmbH
    • Texas Instruments
    • ZF Friedrichshafen AG 

In The News

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

Request Insights
Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the automotive radar market?

Ans: Increasing cases of road traffic accidents as well as rising demand for connected vehicles along with the surge in the number of autonomous cars are some of the major factors anticipated to drive the growth of the market.

2) What would be the CAGR of automotive radar market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~12% over the forecast period, i.e., 2023 – 2033.

3) What are the challenges affecting the automotive radar market growth?

Ans: Huge investment required for research & development as well as the high cost of installation of advanced features in automobiles are some of the factors estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of automotive radar market in future?

Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

5) Who are the major players dominating the automotive radar market?

Ans: The major players in the market are Infineon Technologies AG, Volvo Car Group, NXP Semiconductors N.V., Analog Devices, Inc., BorgWarner Inc., Denso Corporation, Continental AG, Robert Bosch GmbH, Texas Instruments, ZF Friedrichshafen AG, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the automotive radar market?

Ans: The market is segmented by range, application, vehicle type, and by region.

8) Which segment captures the largest market size in vehicle type segment in the automotive radar market?

Ans: The commercial vehicles segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

Let Us Hear About Your Requirements:

Submit Your Request For Proposal (RFP)

Request Research Report Sample