Automotive Radar Market Growth Rate, Applications and Forecast From 2022 to 2027

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The IMARC Group provides extensive analysis of automotive radar industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on the automotive radar market report, size, analysis, share, trends, future analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market. 

Informed covered in the report:

Historical market data from 2016-2021
CAGR of the market during the forecast period 2022-2027
Detailed information on factors that will drive market growth during the next five years
Precise estimation of the Keyword market size and its contribution to the parent market
Upcoming market trends and changes in consumer behavior
A thorough analysis of the market’s competitive landscape and detailed information on key players
Comprehensive details of factors that will challenge the growth of smart meters market key players

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Industry Overview and Application:

An automotive radar is a sensor system used to detect the speed and range of objects in the vicinity of a vehicle. The radar consists of a transmitter that sends out radio waves that hit the object and reflects back to the receiver, which determines the speed, distance and direction of the object. It is commonly available in short-range and long-range variants. They detect the exact position and velocity of the object and measures the distance and range accurately. As a result, automotive radar is widely used in autonomous emergency braking (AEB), forward collision warning (FCW), intelligent park assist, adaptive cruise control (ACC) and blind-spot detection (BSD) systems.

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Market Trends and Drivers:

The global automotive radar market is primarily being driven by the rising demand for efficient passenger safety systems in automobiles. The automotive radar aids in detecting objects on the road and alerting the driver regarding any possible threats. Moreover, the increasing adoption of autonomous cars and the rapid electrification of vehicles are providing a thrust to the market growth. Other factors, including the implementation of favorable government initiatives to promote the adoption of vehicular safety systems, along with the increasing demand for luxury automobiles, are positively impacting the market growth.

Automotive Radar Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the global automotive radar market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Analog Devices Inc
Aptiv plc
Autoliv Inc.
Continental AG
Denso Corporation
Infineon Technologies AG
NXP Semiconductors
Robert Bosch GmbH
Texas Instruments Incorporated
ZF Friedrichshafen AG

Automotive Radar Market Segmentation:

The report has segmented the global automotive radar market on the basis of range, vehicle type, application and region.

Breakup by Range:

Long Range
Medium and Short Range

Breakup by Vehicle Type:

Passenger Cars
Commercial Vehicles

Breakup by Application:

Adaptive Cruise Control (ACC)
Autonomous Emergency Braking (AEB)
Blind Spot Detection (BSD)
Forward Collision Warning (FCW)
Intelligent Park Assist

Breakup by Region:

North America
Latin America
Middle East and Africa

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Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.