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Premium Report Details
Base Year: 2024
Companies covered: 20
Tables & Figures: 200
Countries covered: 21
Pages: 175
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Automotive Radar Market
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Automotive Radar Market Size
The global automotive radar market was valued at USD 6.5 billion in 2024 and is estimated to register a CAGR of over 14.6% between 2025 and 2034. This is driven by the advancement in newer and better systems in radar technology. Improvements such as 4D imaging radar, digital beamforming, and AI powered radar processing have increased range, resolution, and interference suppression. Vehicles can be updated with new or enhanced radar capabilities through OTA software updates.
In May 2023, NIO announced a partnership with NXP concerning the deployment of a 4D imaging radar for enhanced autonomous driving. The NXP intruder detection system for NEO transformed radar into a tool the improved independent driving comfort and comfort of the passenger vehicle.
The increasing adoption of electric and connected vehicles is opening up more opportunities within the automotive radar market. Radars are used in monitoring driver energy usage, providing assistance to the driver, and during other safety applications. These sensors assist in blind spot monitoring, parking automation, and other traffic management activities such as V2X communication. As the number of connected cars increases, there’s a shift from standalone radar sensors towards their integration within vehicle networks for communication with other vehicles, infrastructure and cloud services in real time. Such technology also improves situational awareness.
Automotive Radar Market Trends
Automotive Radar Market Analysis
Based on frequency, the automotive radar market is segmented into 24 GHz Radar, 77 GHz Radar, and 79 GHz Radar. In 2024, the 77 GHz segment is expected to hold the largest share of over 50%.
Based on vehicles, the automotive radar market is divided into passenger vehicles and commercial vehicles. Passenger vehicles accounted for market share of 73.1% in 2024, driven by increasing consumer preference for safety features.
Based on range, the automotive radar market is segmented into Short-Range Radar (SRR), Medium-Range Radar (MRR), and Long-Range Radar (LRR). Medium-Range Radar (MRR) dominated the market in 2024.
Based on sales channel the automotive radar market is classified into OEMs and Aftermarket. The OEM segment held the dominant share in 2024, as automakers increasingly integrate radar systems directly into new vehicle models.
Asia Pacific region is the leader in the global automotive radar market, China leads in the region with market size of USD 1.2 billion as of 2024.
The automotive radar market in Germany is expected to experience significant and promising growth from 2025 to 2034.
The automotive radar market in U.S. is expected to experience significant and promising growth from 2025 to 2034.
The automotive radar market in Mexico is expected to experience significant and promising growth from 2025 to 2034.
Automotive Radar Market Share
Top 7 companies leading the automotive radar industry in 2024 are Analog Devices, NXP Semiconductors, Continental, Infineon Technologies, Denso Corporation, Bosch, Aptiv. Together, they hold around 40% market share in the market.
Automotive Radar Market Companies
Major players operating in the automotive radar industry are:
Automotive Radar Industry News
The automotive radar market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and Volume (Units) from 2021 to 2034, for the following segments:
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Market, By Frequency
Market, By Range
Market, By Vehicle
Market, By Sales Channel
Market, By Application
The above information is provided for the following regions and countries: