Automotive RADAR Applications Market Research Report Information By Frequency (24 GHz, 77 GHz, and 79 GHz), By Application (Adaptive Cruise Control (ACC), Blind Spot Detection (BCD), Forward Collision Warning System (FCWS), Lane Departure Warning System (LDWS), and Parking Assistance (PA)), By Technology (LiDAR, Millimeter-Wave RADAR, Camera, and Ultrasonic RADAR) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

Automotive RADAR Applications Market Overview:

Automotive RADAR Applications market size was valued at USD 2.3 Billion in 2022. The automotive RADAR applications industry is projected to grow from USD 2.88 Billion in 2023 to USD 17.14 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 25.00% during the forecast period (2023 - 2032). Rising demand for comfortable driving incorporated safety features in the vehicle, and increased number of RADAR sensors used per vehicle are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive RADAR Applications Market Trends

Technological innovations are driving the market growth

Market CAGR for automotive RADAR Applications is driven by the rising technological advancements and integration of Artificial Intelligence (AI) in electronic components like lidar, automotive RADAR with cloud storage and increasing preference for wireless communication are expected to provide a better safety environment to the consumer. Due to increased usage of park assistance, safety alarms, and collision avoidance, the importance of ultrasonic sensors and proximity sensors has risen. Moreover, applications such as adaptive cruise control (ACC), blind spot detection, and lane change assist are popularizing, and non-imaging RADAR will see sustained growth.

Additionally, the increasing awareness regarding vehicle safety among customers has increased demand for components such as cruise control and blind-spot detection that can help drivers and decrease the number of accidents. Furthermore, the alarming increase in fatalities owing to vehicular accidents has compelled several governments to implement stringent regulations and actively encourage the growth of vehicle safety systems. Hence, to ensure better vehicle safety, the widespread adoption of radar-based technology in automobiles is anticipated during the forecast period.

Moreover, the rise in demand for safety features in automobiles drives the automotive RADAR applications market revenue. The demand for safety features, including collision avoidance systems, lane departure warnings, parking assistance, traction control, electronic stability control, tire pressure monitors, airbags, and telematics, is experiencing an upward trend due to increased road accidents worldwide. Automotive RADAR is a major component of advanced driver assistance systems, which can notice and organize certain objects on the road and, consequently, alert the driver of nearby events and road circumstances.

In addition, road accidents are a major cause of death globally. A tremendous expansion in the death rates due to road accidents has been observed. For instance, as per the World Health Organization report, nearly 1.3 million people pass away in road traffic crashes yearly. Road traffic injuries leading to death are higher among teenagers. These factors are leading to a surge in demand for vehicle safety features. Companies operating in the automobile sector are developing and introducing safety features to meet customers' needs. For instance, in February 2020, HELLA announced the latest 77 GHz RADAR technology production plan.

Automotive RADAR Applications Market Segment Insights:

Automotive RADAR Applications Frequency Insights

The Automotive RADAR Applications market segmentation, based on frequency, includes 24 GHz, 77 GHz, and 79 GHz. The 77 GHz segment dominated the market, accounting for 35% of market revenue (1.00 Billion). In developing economies, category growth is driven by its capacity to detect objects with high accuracy & function in a huge range of weather conditions. However, 79 GHz is the fastest-growing category owing to the growing popularity of autonomous vehicles and self-driving cars.

Automotive RADAR Applications Application Insights

The Automotive RADAR Applications market segmentation, based on application, includes adaptive cruise control (ACC), blind spot detection (BCD), forward collision warning system (FCWS), lane departure warning system (LDWS), and parking assistance (PA). The adaptive cruise control (ACC) category generated the most income (70.4%). This is majorly owing to widespread adoption in prominent automotive markets, such as U.S., Germany, and China. However, blind spot detection (BCD) is the fastest-growing category over the forecast period. Favorable government initiatives, such as de-licensing RADAR frequencies and increased investment by automakers to create low-cost radar-based safety systems, drive market growth.

Automotive RADAR Applications Technology Insights

The Automotive RADAR Applications market segmentation, based on technology, includes LiDAR, millimeter-wave RADAR, camera, and ultrasonic RADAR. The LiDAR category generated the most income owing to the growing investment by key players to develop LiDAR technology over the forecast period. However, millimeter-wave RADAR is the fastest-growing category over the forecast period. They can be utilized for position sensing, motor control, comfort features and HMI applications.

Figure 1: Automotive RADAR Applications Market, by Technology, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive RADAR Applications Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The Europe automotive RADAR applications market will dominate, owing to rising economies in this region, which has increased the per capita income and spending capacity of the population and led to a surge in automobile production which will boost the market growth in this region. Further, the German automotive RADAR applications market held the largest market share, and the UK automotive RADAR applications market was the fastest-growing market in the European region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Automotive RADAR Applications MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

North America automotive RADAR applications market accounts for the second-largest market share due to the growing frequency of vehicular accidents, and growing awareness regarding the benefits associated with driving assistance features is fueling the demand for automotive RADAR applications in this region. Moreover, US automotive RADAR applications market held the largest market share, and the Canadian automotive RADAR applications market was the fastest-growing market in the North American region.

The Asia-Pacific automotive RADAR applications market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the growing adoption of unique technologies, such as smart grids, smart homes, smart water networks, intelligent transport, and infrastructure with RADAR sensors technology. Moreover, China’s automotive RADAR applications market held the largest market share, and the Indian automotive RADAR applications market was the fastest-growing market in the Asia-Pacific region.

Automotive RADAR Applications Key Market Players & Competitive Insights

Prominent market players are investing heavily in R&D to expand their product lines, which will assist the automotive RADAR applications market to grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product establishment, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To enhance and stay in a more competitive and rising market climate, the automotive RADAR applications industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Automotive RADAR Applications industry to benefit clients and increase the market sector. Major players in the automotive RADAR applications market, including Robert Bosch GmbH, Panasonic Corporation, Valeo, Hella KGaA Hueck & Co, TRW Automotive, and others, are attempting to grow market demand by investing in research and development operations.

Huawei Technologies Co Ltd (Huawei), a subsidiary of Huawei Investment & Holding Co Ltd, provides information and communication technology (ICT) infrastructure and smart devices. The company's product portfolio includes laptops, tablets, routers, wearables, headphones, enterprise wireless products, enterprise optical transmission and access products, networking products, and cloud and computing products. It also offers services, software for carrier networks, and smart services for enterprises. Huawei serves education, finance, healthcare, internet services providers, manufacturing, oil and gas, public safety, retail, smart city, smart grid, and transportation industry. In August 2020, Huawei increased investments in its optoelectronics R&D center in Wuhan, China, focusing on developing low-cost LIDAR technology and RADAR sensors.

Continental AG is an automotive organization that manufactures and sells brake systems, systems and components for powertrains and chassis, vehicle electronics, instrumentation, infotainment solutions, tires, and technical elastomers. The company also offers tires and replacement solutions for customers, from passenger cars via buses, trucks, and construction site automobiles to special vehicles, bicycles, and motorcycles. Continental markets its delivering under Elektrobit, VDO, Uniroyal, Phoenix, Matador, and other brands. In April 2021, Continental introduced the sixth generation of surround RADAR and long-range RADAR at Auto Shanghai 2021. Both sensors use the same hardware and software platform, reducing complexity and, consequently, costs.

Key Companies in the Automotive RADAR Applications market include

• Robert Bosch GmbH (Gerlingen, Germany)


• Continental AG (Hanover, Germany)


• Denso Corporation (Kariya, Japan)


• Autoliv Inc. (Stockholm, Sweden)


• Valeo SA (Paris, France)


• Aptiv (Dublin, Ireland)


• NXP Semiconductors (Eindhoven, Netherlands)


• Texas Instruments Incorporated (Dallas, US)


• ZF Friedrichshafen AG (Friedrichshafen, Germany)


• Infineon Technologies AG (Neubiberg, Germany)

Automotive RADAR Applications Industry Developments

May 2022: Infineon Technologies launched XENSIV 60 GHz automotive RADAR sensor. These sensors are designed for in-cabin monitoring systems (ICMS) to detect micro-movements and vital signs of left-behinds and sound the alarm. The sensor chipset also addresses applications such as high-resolution frequency-modulated continuous wave (FMCW) radars for distance measurement, front-end RADAR for gesture sensing, short-range sensing operations, and other hidden sensing applications. 

July 2022: Gapwaves and Bosch declared their partnership for developing and large-scale production of high-resolution RADAR antennas for automotive automobile applications. Gapwaves will assist with its antenna know-how, and Bosch will contribute with its know-how of RADAR sensors and automated driving.

Automotive RADAR Applications Market Segmentation:

Automotive RADAR Applications Frequency Outlook

• 24 GHz


• 77 GHz


• 79 GHz

Automotive RADAR Applications Application Outlook

• Adaptive Cruise Control (ACC)


• Blind Spot Detection (BCD)


• Forward Collision Warning System (FCWS)


• Lane Departure Warning System (LDWS)


• Parking Assistance (PA)

Automotive RADAR Applications Technology Outlook

• LiDAR


• Millimeter-Wave Radar


• Camera


• Ultrasonic Radar

Automotive RADAR Applications Regional Outlook

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America