The automotive radar market is expected to grow at a CAGR of 24% during the forecast period of 2022 to 2030. The market reached about $ 6.5 billion in 2021. When compared to a wide variety of other alternative sensors, notably visual sensors, automotive RADAR is one of the most advanced technologies since the information it provides is extremely precise and accurate. This information content includes the detection of speed and range. Automotive RADAR systems are the principal sensor for adaptive cruise controls and play an extremely significant role in the development of advanced driver assistance systems. In addition, automobile RADAR is one of the most important sensors for avoiding collisions, both with other vehicles and with pedestrians, as well as in other situations. It is projected that the global market for automotive RADAR would demonstrate a phenomenal development rate over the course of the forecast period due to the rise in demand for vehicles equipped with various safety features.
The COVID-19 epidemic left an adverse impact on the automotive industry. A number of complexities occurred during this period, including a halt in the export of automobile parts manufactured in China, massive industrial setbacks across Europe, and the closing of assembly plants in the United States. An industry that is already dealing with a shift in worldwide demand is being put under an incredible amount of pressure as a result of this. This had an effect on the revenue streams that were designated for research and development as well as the implementation of new technology like vehicle radar. On the other hand, because more people around the world are becoming vaccinated, it is anticipated that the pandemic's effect on the car industry would progressively diminish. As a result of the pandemic, it is anticipated that demand for automotive radar-backed solutions would expand noticeably. These solutions provide greater levels of safety and comfort to the vehicles they are installed in.
Because of the rise in the number of traffic collisions that have occurred all over the world, there has been a discernible upward trend in the demand for various safety features. These features include parking assistance, collision avoidance systems, lane departure warnings, traction control, electronic stability control, tyre pressure monitors, airbags, and telematics. The advanced driver assistance systems (ADAS) can detect and categorize specific things on the road, and as a result, alert the driver to the surrounding environment and the circumstances of the road. An important part of these systems is automotive radar, which can detect and identify these objects. In addition, these systems are able to autonomously slow the car down or come to a complete stop, depending on the conditions of the road. Automobile collisions are one of the leading causes of death around the world. There has been a discernible rise in the number of fatalities that can be attributed to collisions with motor vehicles. For instance, each year roughly 1.3 million individuals lose their lives in car accidents, as stated in a report published by the World Health Organization. In addition, the number of youths who die as a result of injuries sustained in car accidents is higher. A spike in demand for safety features in vehicles is being driven in part by the aforementioned issues. Businesses that are active in the automotive industry are creating and launching new safety features in order to fulfil the requirements posed by their clientele. For example, in February of 2020, the company HELLA, which is in the business of producing cutting-edge lighting and electronic components, declared their intention to begin production of the most recent 77 GHz radar technology.
Consumers are becoming more conscious of the importance of vehicle safety, which has resulted in an increased demand for safety systems, including as cruise control and blind-spot detection, that can assist drivers and cut down on the number of accidents that occur. In addition, numerous governments have been driven to enact tough rules and aggressively support the development of car safety systems as a direct result of the alarming increase in the number of fatalities that have been caused by automotive accidents. As a consequence of this, the broad use of technology based on radar in automobiles is predicted to become increasingly commonplace within the period of time covered by this projection.
At this point in time, customers have a rather strong preference for comfort when driving. Manufacturers are beginning to install safety features in high-end vehicles that make use of automotive radars. These features include adaptive cruise control and parking assistance systems. These technologies were previously only available in luxury vehicles. Nevertheless, the driver has the ability to override the system at any time. Other systems, such as those that support the driver in maintaining lateral control of the vehicle, such as a night vision system and others, are currently undergoing a phase of continual development. These systems make use of automotive radar, which can detect the area immediately surrounding the car with a high level of accuracy and precision. In addition, during the past few years, there has been a considerable growth in the demand for driver assistance applications. This may be attributed to an increase in the spending power of consumers, which in turn has led customers to shift toward more comfortable driving experiences. In addition to this, the average income of consumers has grown as a direct result of the improved economic conditions in a number of industrialised nations, including the United States of America and a number of European countries. The increased level of convenience provided by radar-assisted systems for automobiles is anticipated to be a primary factor in driving expansion of the automotive RADAR market over the period covered by this analysis.
The signal structure that automotive radar operates on is rather specialised. However, they do not have any inherent authentication, which leaves the system open to the possibility of being spoofed by malicious actors. A successful spoofing attack can have a serious impact on the integrity of vehicle occupants because it has the potential to cause the vehicle to stop, alter direction, or collision by breaching the target radar in a short amount of time. This can all happen in a matter of seconds.
The vast majority of today's technology is predicated on frequency-modulated continuous-wave, or FMCW, technologies. FMCW interference in crowded traffic scenarios is projected to be a difficulty due to the growing number of vehicles that are equipped with such systems because it can lead to a significant decrease in performance. This is because FMCW interference can cause significant performance deterioration. As a result, the adoption of this technology is anticipated to be restricted during the forecast period due to the security risks associated with automobile radar. These risks include spoofing and interference.
4D radar is expected to grow at the fastest pace with highest CAGR of 25% during the forecast period of 2022 to 2030. 4D radar maps 3D objects using echolocation and time-of-flight. It's being tested to map items in an autonomous vehicle's route. 4D radar can determine when a vehicle is travelling and how fast in all weather and environmental circumstances, unlike Lidar, regular radar, and cameras. It uses a huge Radio Frequency (RF) channel array to detect the speed, distance, azimuth, and height of objects in the roadway. 4D radar doesn't map time, though the fourth dimension is time. Instead of using height and speed, it employs time. 4D radar maps 3D objects using echolocation and time-of-flight. It's being tested to map items in an autonomous vehicle's route. 4D radar can determine when a vehicle is travelling and how fast in all weather and environmental circumstances, unlike Lidar, regular radar, and cameras.
In 2021 medium-range radar held the greatest share of the market, and significant increase in this segment is anticipated for the projected period. These systems come equipped with safety systems to provide a variety of features, some of which include park assist, cross-traffic alert, and lane change assist, amongst others. The domination of this market sector can be attributed to a number of factors, including a decline in costs and an increased requirement to improve functionality by employing more than two radars. On the other hand, the most common application for long-range radars is in adaptive cruise control (ACC). Therefore, it is anticipated that the growth of this category will be driven by the increased acceptance of ACC features in small and economical vehicles.
Adaptive Cruise Control (ACC), Intelligent Park Assistance (IPA), Forward-Collision Warning System (FCWS), Blind Spot Detection (BSD), and Autonomous Emergency Braking (AEB) are the several application-based categories that is included in the report. Because of the early implementation of this safety technology in passenger automobiles in countries such as Germany and the United States, ACC will be the fastest growing market during the forecast period. The market for blind spot detection accounted for the greatest share in 2021. Since November 2015, for instance, the European Parliament has made it obligatory for vehicles to be equipped with Electronic Stability Control (ESC) and Advanced Emergency Braking Systems (AEBS). It is anticipated that the technology will be installed in all newly manufactured commercial vehicles with a gross weight of more than 3.5 tonnes. According to the most recent rating from Euro NCAP, the cars that come equipped with AEB in addition to other ADAS technologies like ACC and FCW will be given higher marks for their overall level of safety. It is anticipated that this regulation step will propel the market for RADAR-based ADAS even higher.
North America dominated the market in 2021 as it contributed to over 30% of global revenues. It is also anticipated that North America will demonstrate significant market expansion during the forecast period. The expansion of the market in the region is driven by a number of factors, including the rising demand for hybrid vehicles and the increasing stringency of rules concerning vehicle safety. The Asia-Pacific region is distinguished by the rise in per capita disposable income, which has contributed to the dramatic increase in automotive sales over the past several years, particularly in India and China. In addition, there has been a discernible rise in the number of incidents involving motor vehicles in this region, which has resulted in a heightened awareness of the advantages connected to various driving assistance features, such as brake assist and collision warning systems, which has contributed to an uptick in the demand for automotive radars. As a result of these factors, it is anticipated that Asia Pacific will continue to hold a dominant position in this market during the course of the forecast period.
The overall RADAR market is moderately fragmented and companies are improving its current technology for expanding its global market share. Dominant players in this segment include Robert Bosch GmbH, NXP Semiconductors, Continental AG, and Autoliv Inc. Due to the increased number of electrical components that are being incorporated into automobiles, it is becoming increasingly difficult to integrate radar. As a result, numerous industry participants are concentrating their efforts largely on the development of solutions that are both compact and high-performing. Geographic expansion is the most adopted strategy among the market players to enhance their market presence. Other key players on this market include Analog Devices, Inc., BorgWarner Inc., DENSO Corporation, Texas Instruments, Valeo, Veoneer Inc., ZF Friedrichshafen AG, and others.
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automotive RADAR market are as follows:
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Market Recovering Post Pandemic
The COVID-19 epidemic left an adverse impact on the automotive industry. A number of complexities occurred during this period, including a halt in the export of automobile parts manufactured in China, massive industrial setbacks across Europe, and the closing of assembly plants in the United States. An industry that is already dealing with a shift in worldwide demand is being put under an incredible amount of pressure as a result of this. This had an effect on the revenue streams that were designated for research and development as well as the implementation of new technology like vehicle radar. On the other hand, because more people around the world are becoming vaccinated, it is anticipated that the pandemic's effect on the car industry would progressively diminish. As a result of the pandemic, it is anticipated that demand for automotive radar-backed solutions would expand noticeably. These solutions provide greater levels of safety and comfort to the vehicles they are installed in.
Safety Features as Prime Priority As Governments Focus on Safety Regulations
Because of the rise in the number of traffic collisions that have occurred all over the world, there has been a discernible upward trend in the demand for various safety features. These features include parking assistance, collision avoidance systems, lane departure warnings, traction control, electronic stability control, tyre pressure monitors, airbags, and telematics. The advanced driver assistance systems (ADAS) can detect and categorize specific things on the road, and as a result, alert the driver to the surrounding environment and the circumstances of the road. An important part of these systems is automotive radar, which can detect and identify these objects. In addition, these systems are able to autonomously slow the car down or come to a complete stop, depending on the conditions of the road. Automobile collisions are one of the leading causes of death around the world. There has been a discernible rise in the number of fatalities that can be attributed to collisions with motor vehicles. For instance, each year roughly 1.3 million individuals lose their lives in car accidents, as stated in a report published by the World Health Organization. In addition, the number of youths who die as a result of injuries sustained in car accidents is higher. A spike in demand for safety features in vehicles is being driven in part by the aforementioned issues. Businesses that are active in the automotive industry are creating and launching new safety features in order to fulfil the requirements posed by their clientele. For example, in February of 2020, the company HELLA, which is in the business of producing cutting-edge lighting and electronic components, declared their intention to begin production of the most recent 77 GHz radar technology.
Consumers are becoming more conscious of the importance of vehicle safety, which has resulted in an increased demand for safety systems, including as cruise control and blind-spot detection, that can assist drivers and cut down on the number of accidents that occur. In addition, numerous governments have been driven to enact tough rules and aggressively support the development of car safety systems as a direct result of the alarming increase in the number of fatalities that have been caused by automotive accidents. As a consequence of this, the broad use of technology based on radar in automobiles is predicted to become increasingly commonplace within the period of time covered by this projection.
Convenience Factor Remains as the Key Driver
At this point in time, customers have a rather strong preference for comfort when driving. Manufacturers are beginning to install safety features in high-end vehicles that make use of automotive radars. These features include adaptive cruise control and parking assistance systems. These technologies were previously only available in luxury vehicles. Nevertheless, the driver has the ability to override the system at any time. Other systems, such as those that support the driver in maintaining lateral control of the vehicle, such as a night vision system and others, are currently undergoing a phase of continual development. These systems make use of automotive radar, which can detect the area immediately surrounding the car with a high level of accuracy and precision. In addition, during the past few years, there has been a considerable growth in the demand for driver assistance applications. This may be attributed to an increase in the spending power of consumers, which in turn has led customers to shift toward more comfortable driving experiences. In addition to this, the average income of consumers has grown as a direct result of the improved economic conditions in a number of industrialised nations, including the United States of America and a number of European countries. The increased level of convenience provided by radar-assisted systems for automobiles is anticipated to be a primary factor in driving expansion of the automotive RADAR market over the period covered by this analysis.
Risk of Spoofing Attack
The signal structure that automotive radar operates on is rather specialised. However, they do not have any inherent authentication, which leaves the system open to the possibility of being spoofed by malicious actors. A successful spoofing attack can have a serious impact on the integrity of vehicle occupants because it has the potential to cause the vehicle to stop, alter direction, or collision by breaching the target radar in a short amount of time. This can all happen in a matter of seconds.
FMCW Interference to Reduce Performance
The vast majority of today's technology is predicated on frequency-modulated continuous-wave, or FMCW, technologies. FMCW interference in crowded traffic scenarios is projected to be a difficulty due to the growing number of vehicles that are equipped with such systems because it can lead to a significant decrease in performance. This is because FMCW interference can cause significant performance deterioration. As a result, the adoption of this technology is anticipated to be restricted during the forecast period due to the security risks associated with automobile radar. These risks include spoofing and interference.
4D Radar To Grow Fastest During the Forecast Period
4D radar is expected to grow at the fastest pace with highest CAGR of 25% during the forecast period of 2022 to 2030. 4D radar maps 3D objects using echolocation and time-of-flight. It's being tested to map items in an autonomous vehicle's route. 4D radar can determine when a vehicle is travelling and how fast in all weather and environmental circumstances, unlike Lidar, regular radar, and cameras. It uses a huge Radio Frequency (RF) channel array to detect the speed, distance, azimuth, and height of objects in the roadway. 4D radar doesn't map time, though the fourth dimension is time. Instead of using height and speed, it employs time. 4D radar maps 3D objects using echolocation and time-of-flight. It's being tested to map items in an autonomous vehicle's route. 4D radar can determine when a vehicle is travelling and how fast in all weather and environmental circumstances, unlike Lidar, regular radar, and cameras.
Medium Range Held the Largest Share While Long-Range Promising Significant Opportunities
In 2021 medium-range radar held the greatest share of the market, and significant increase in this segment is anticipated for the projected period. These systems come equipped with safety systems to provide a variety of features, some of which include park assist, cross-traffic alert, and lane change assist, amongst others. The domination of this market sector can be attributed to a number of factors, including a decline in costs and an increased requirement to improve functionality by employing more than two radars. On the other hand, the most common application for long-range radars is in adaptive cruise control (ACC). Therefore, it is anticipated that the growth of this category will be driven by the increased acceptance of ACC features in small and economical vehicles.
Blind Spot Detection Remains as the Key Application, Significant Opportunities in ACC During the Forecast Period
Adaptive Cruise Control (ACC), Intelligent Park Assistance (IPA), Forward-Collision Warning System (FCWS), Blind Spot Detection (BSD), and Autonomous Emergency Braking (AEB) are the several application-based categories that is included in the report. Because of the early implementation of this safety technology in passenger automobiles in countries such as Germany and the United States, ACC will be the fastest growing market during the forecast period. The market for blind spot detection accounted for the greatest share in 2021. Since November 2015, for instance, the European Parliament has made it obligatory for vehicles to be equipped with Electronic Stability Control (ESC) and Advanced Emergency Braking Systems (AEBS). It is anticipated that the technology will be installed in all newly manufactured commercial vehicles with a gross weight of more than 3.5 tonnes. According to the most recent rating from Euro NCAP, the cars that come equipped with AEB in addition to other ADAS technologies like ACC and FCW will be given higher marks for their overall level of safety. It is anticipated that this regulation step will propel the market for RADAR-based ADAS even higher.
North America led the market with a dominant revenue share of 30% during the forecast period 2022 to 2030.
North America dominated the market in 2021 as it contributed to over 30% of global revenues. It is also anticipated that North America will demonstrate significant market expansion during the forecast period. The expansion of the market in the region is driven by a number of factors, including the rising demand for hybrid vehicles and the increasing stringency of rules concerning vehicle safety. The Asia-Pacific region is distinguished by the rise in per capita disposable income, which has contributed to the dramatic increase in automotive sales over the past several years, particularly in India and China. In addition, there has been a discernible rise in the number of incidents involving motor vehicles in this region, which has resulted in a heightened awareness of the advantages connected to various driving assistance features, such as brake assist and collision warning systems, which has contributed to an uptick in the demand for automotive radars. As a result of these factors, it is anticipated that Asia Pacific will continue to hold a dominant position in this market during the course of the forecast period.
Market to Remain Moderately Fragmented
The overall RADAR market is moderately fragmented and companies are improving its current technology for expanding its global market share. Dominant players in this segment include Robert Bosch GmbH, NXP Semiconductors, Continental AG, and Autoliv Inc. Due to the increased number of electrical components that are being incorporated into automobiles, it is becoming increasingly difficult to integrate radar. As a result, numerous industry participants are concentrating their efforts largely on the development of solutions that are both compact and high-performing. Geographic expansion is the most adopted strategy among the market players to enhance their market presence. Other key players on this market include Analog Devices, Inc., BorgWarner Inc., DENSO Corporation, Texas Instruments, Valeo, Veoneer Inc., ZF Friedrichshafen AG, and others.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automotive RADAR market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Automotive RADAR market and their expected impact during the forecast period.
By Dimension (2020-2030; US$ Million)
- 2D
- 3D
- 4D
By Application (2020-2030; US$ Million)
- Adaptive Cruise Control (ACC)
- Autonomous Emergency Braking (AEB)
- Blind Spot Detection (BSD)
- Forward Collision Warning System
- Intelligent Park Assist
- Other ADAS Applications
By Frequency (2020-2030; US$ Million)
- 24 GHz
- 77 GHz
- 79 GHz
By Range (2020-2030; US$ Million)
- Long Range RADAR (LRR)
- Short & Medium Range RADAR (S&MRR)
By Vehicle Type (2020-2030; US$ Million)
- Commercial Vehicles
- Economic Passenger Vehicle
- Luxury Passenger Vehicle
- Mid-Price Passenger Vehicle
Region Segment (2020-2030; US$ Million)
- North America
- U.S.
- Canada
- Europe and UK
- UK
- Germany
- Spain
- Italy
- France
- RoE
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLATAM
- Africa
- GCC
- Africa
- RoME
Global Impact of Covid-19 Segment (2020-2021; US$ Million )
- Pre Covid-19 situation
- Post Covid-19 situation
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Automotive RADAR market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Automotive RADAR market?
- Which is the largest regional market for Automotive RADAR market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Automotive RADAR marketgrowth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Automotive RADAR market worldwide?
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Table of Contents
1. Preface
2. Executive Summary
3. Automotive RADAR Market: Business Outlook & Market Dynamics
4. Automotive RADAR Market: By Dimension, 2020-2030, USD (Million)
5. Automotive RADAR Market: By Application, 2020-2030, USD (Million)
6. Automotive RADAR Market: By Frequency, 2020-2030, USD (Million)
7. Automotive RADAR Market: By Range, 2020-2030, USD (Million)
8. Automotive RADAR Market: By Vehicle Type, 2020-2030, USD (Million)
9. North America Automotive RADAR Market, 2020-2030, USD (Million)
10. UK and European Union Automotive RADAR Market, 2020-2030, USD (Million)
11. Asia Automotive RADAR Market, 2020-2030, USD (Million)
12. Latin America Automotive RADAR Market, 2020-2030, USD (Million)
13. Middle East and Africa Automotive RADAR Market, 2020-2030, USD (Million)
14. Company Profiles
Companies Mentioned
- Robert Bosch GmbH
- NXP Semiconductors
- Continental AG
- Autoliv Inc.
