Tuesday, 02 January 2024 12:17 GMT

Automotive Radar Market Size to Reach US$31.45 billion in 2030 with 29.3% CAGR | The Research Insights™


(MENAFN- The Research Insights) The global automotive radar market is projected to be valued at USD 6.73 billion in 2024 and reach USD 31.45 billion by 2030, growing at a CAGR of 29.30% according to a new report by The Research Insights. The automotive radar market is gaining momentum primarily because autonomous and semi-autonomous vehicle technologies are developing very quickly. The global automotive industry's shift toward automation makes radar systems progressively essential. Autonomous vehicles rely on radar systems to identify and categorize nearby objects including other cars, pedestrians, and road obstacles with exceptional accuracy under challenging visibility conditions such as fog, rain or nighttime darkness.

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The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the automotive radar market growth of 29.30% comprises a range of range, frequency, engine, vehicle, application and geography which are expected to register strength during the coming years.

Market Overview and Growth Trajectory:
Automotive Radar Market Growth: According to an exhaustive report by The Research Insights, the Automotive Radar Market is undergoing significant growth, driven by the automotive radar technology which stands at the core of vehicle intelligence transformation as electrification and smart mobility redefine modern driving. The mainstream adoption of electric vehicles and connected cars creates an urgent demand for advanced sensing systems to maintain safety and efficiency in complex road environments. The essential functionality of radar technology to detect objects over extended distances and through various weather conditions makes it crucial to the ongoing evolution of intelligent vehicles. The automotive radar market experiences growing demand as cities advance toward smarter transportation solutions because both luxury and mainstream electric vehicle manufacturers need these systems.

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Miniaturization and Integration of Radar Units: The automotive radar market is undergoing transformation as the industry moves toward smaller radar systems that integrate seamlessly into vehicles. Automakers face growing demands to incorporate advanced safety systems like radar into vehicles that continue to evolve with sleek designs and smart features while maintaining aerodynamics and energy efficiency. The solution? These space-efficient radar modules maintain existing performance levels or exceed them despite their reduced physical size. The development of smaller radar systems allows this technology to be used in all types of vehicles instead of remaining exclusive to premium models. The automotive radar market expands across mass-market vehicles because production costs fall while module designs standardize. Miniaturization represents not only a technical achievement but also enables widespread implementation of advanced safety and autonomous features which will drive the future of automotive safety and intelligence.

Emergence of 4D Radar Technology: The automotive radar market experiences transformative change as 4D radar technology emerges to provide vehicles with advanced perception abilities. 4D imaging radars expand beyond traditional radar capabilities by measuring distance, speed, azimuth and incorporating elevation as an essential fourth dimension. The new spatial awareness layer enables vehicles to create detailed environmental models which allows them to recognize complex situations with unmatched precision. Automakers and Tier 1 suppliers discover new prospects for innovation along with market distinction through the implementation of 4D radar technology. Integrating advanced radar systems provides manufacturers with a competitive edge by meeting consumer demands for both convenience and safety. Current advancements in 4D radar solutions provide scalable and cost-effective features which increase their applicability to multiple vehicle segments. Continuous advancements in radar technology drive the automotive radar market ahead while establishing 4D radar as essential for achieving full vehicle autonomy.

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Growing Use in Non-luxury and Commercial Vehicles: The automotive radar market expands as radar applications go from luxury vehicles to become integral in non-luxury and commercial vehicle segments. Radar technology which started as an exclusive feature in premium models has become a basic safety and navigation component in mass-market vehicles and commercial fleets. Manufacturers of non-luxury vehicles face increased demands to create cost-effective options that maintain safety standards. Radar technology delivers efficient performance by powering forward collision warning systems along with blind spot detection and adaptive cruise control for compact cars. The widespread use of radar technology boosts consumer safety while allowing manufacturers to stand out in price-sensitive markets through innovative features. The increased implementation of radar technology in various vehicle categories is transforming the automotive radar market while simultaneously boosting the need for radar solutions that are scalable and cost-effective yet durable. The wider automotive world will witness more radar presence since it becomes more compact and cost-efficient with easy integration methods.

Geographical Insights: The automotive radar market in North America experiences strong expansion because of strict safety laws and widespread vehicle ownership. Both the United States and Canada implement active enforcement of safety rules that require passenger and commercial vehicles to include radar technology systems such as adaptive cruise control and automatic emergency braking. The Asia Pacific region leads the automotive radar market growth due to extensive vehicle production happening across China, Japan, South Korea and India. Mid-range and even entry-level vehicles now regularly adopt radar technology because radar sensors have become cheaper and government initiatives support road safety. The automotive radar market in Europe has reached maturity because premium brands like BMW, Mercedes-Benz, and Audi have long implemented radar technology. Market expansion benefits from the EU’s General Safety Regulation which requires radar-enabled safety systems.

Automotive Radar Market Segmentation and Geographical Insights:
• Based on range, the market is divided into long range radar and medium & short-range radar. The medium & short-range radar segment accounted for a larger share of the automotive radar market in 2024.
• Based on frequency, the market is divided into 2X-GHz and 7X-GHz. The 7X-GHz segment held the largest share of the automotive radar market in 2024.
• Based on engine, the market is divided into ICE and electric. The ICE segment held the largest share of the automotive radar market in 2024.
• Based on vehicle, the market is divided into passenger cars and commercial vehicles. The commercial vehicles segment accounted for a larger share of the automotive radar market in 2024.
• Based on application, the market is divided into Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Blind Spot Detection (BSD), Forward Collision Warning System, Intelligent Park Assist and Other ADAS systems. The Adaptive Cruise Control (ACC) segment held the largest share of the automotive radar market in 2024.
• The automotive radar market is segmented into five major regions: North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.


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Key Players and Competitive Landscape:
The Automotive Radar Market is characterized by the presence of several major players, including:
• Robert Bosch GmbH
• Continental AG
• Denso Corporation
• Valeo
• ZF Friedrichshafen AG
• HELLA GmbH & Co. KGaA
• Autoliv Inc.
• Infineon Technologies AG
• Texas Instruments Incorporated
• NXP Semiconductors

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.


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Automotive Radar Market Recent Developments and Innovations:
• In April 2025, Continental launched its sixth-generation radar in Auto Shanghai 2025, supporting OEMs to realize intelligent driving at a cost-competitive level. The single-radar AEB (Automatic Emergency Braking) solution meets the Chinese national standards at a competitive cost.
• In March 2025, at the NVIDIA GTC global AI conference, Ficosa announced it would work with the NVIDIA AI Systems Inspection Lab in the inspection and verification of cuttingedge hardware, including high-performance cameras and radars, which are integrated with the NVIDIA DRIVE platform to enhance vehicle safety and user experience.
• In January 2025, Texas Instruments Incorporated introduced new integrated automotive chips to enable safer, more immersive driving experiences at any vehicle price point. TI's AWRL6844 60GHz mmWave radar sensor supports occupancy monitoring for seat belt reminder systems, child presence detection, and intrusion detection with a single chip running edge AI algorithm, enabling a safer driving environment.


Key Questions Addressed:
1. What is the key opportunity in the automotive radar market?
 Electric and connected vehicles increasingly rely on radar-based perception systems for efficient and safe navigation.

2. What is the expected market size for automotive radar market by 2030?
 The expected market size for automotive radar is USD 31.45 Billion in 2030.

3. Which are the major application where automotive radar are being used?
 Major application includes Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Blind Spot Detection (BSD), Forward Collision Warning System, Intelligent Park Assist and Other ADAS systems.

4. Which range segment for automotive radar market has the potential to register the highest market share?
 Medium & short-range radar segment for automotive radar market is expected to register highest market share of 55% in 2024.

5. Who are the key players in automotive radar market?
 The key players in the market are Robert Bosch GmbH, Continental AG. Denso Corporation, Valeo, ZF Friedrichshafen AG, HELLA GmbH & Co. KGaA, Autoliv Inc., Infineon Technologies AG, Texas Instruments Incorporated and NXP Semiconductors.

Conclusion:
Global trends towards autonomous mobility combined with broader vehicle category applications will drive substantial and sustained growth in the automotive radar market. The application of radar technology has expanded from luxury vehicles into mass-market and commercial vehicles because of stricter safety regulations and decreasing sensor costs along with the rising demand for intelligent features from consumers. Automakers are improving vehicle perception through key market trends including radar unit miniaturization, 4D radar technology development and sensor fusion system integration which enables better functionality in dense or low-visibility scenarios. The importance of radar grows as smart mobility and vehicle electrification advance because it plays a vital role in ensuring safety alongside vehicle efficiency and user experience. The automotive radar market is evolving from a specialized technology into a widespread enabler for future vehicle systems through continuous improvements in radar resolution and power efficiency along with embedded AI capabilities which promise safer and smarter roads worldwide.

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The report from The Research Insights, therefore, provides several stakeholders—including raw material suppliers, component suppliers, radar module manufacturers, software providers, automotive OEMs, end users —with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.

With projected growth to US$ 31.45 billion by 2030, the Automotive Radar Market represents a significant opportunity for raw material suppliers, component suppliers, radar module manufacturers, software providers, automotive OEMs, end-users, investors, industry stakeholders, and others. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape.

Check out more related studies published by The Research Insights:
• Radar Market - The global radar market size is expected to reach USD 64.75 trillion by 2030, according to a new report by The Research Insights. It is projected to expand at a CAGR of 8.6% from 2024 to 2030. The growth is driven by increasing demand for new deployments and installations, cutting-edge research and development efforts, and innovative software-defined architectures that are being integrated into radars.

• Digital Radar Market - The global digital radar market size is anticipated to reach USD 15.52 billion by 2030 and is projected to grow at a CAGR of 17.6% from 2024 to 2030, according to a new report by The Research Insights. Advances in signal processing, antenna design, and software algorithms have enabled the creation of more advanced digital radar systems, playing a major role in driving this growth.

• Automotive Sensor Market - The global automotive sensor market size is expected to reach USD 85.1 billion by 2030, according to a new report by The Research Insights. It is projected to register a CAGR of 11.9% driven by the rising need for advanced technologies in driver-assisted systems and autonomous vehicles.

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