Press Release

Global Automotive Radar Market to Reach USD34 Billion by 2030 Due to High Prevalence of Accidents

The Global Automotive Radar Market size was valued at around USD 6.8 billion in 2024 and is projected to reach USD 34 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 31% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. This growth is attributed to numerous factors. Among the key drivers would be the increasing demand for Advanced Driver Assistance Systems like adaptive cruise control, lane departure warning, and automatic emergency braking. These systems use radar technology to increase the safety and automation of vehicles. Further, the high vehicle production majorly in emerging markets is driving the demand. With the production of more vehicles, automotive radar technology is ever more widely being integrated, fueling market growth. Furthermore, stringent laws and standards dictated by governments around the globe dictate the need for advanced safety features, dependent upon radar technology's suitability for solving many traditionally unapproachable issues.

The market growth is pulled by developing trends like the development of 4D radar technology that provides better spatial resolution, coupled with real-time object-tracking capabilities. This technology is especially good for autonomous driving, providing a much more detailed perception of the environment, even under complex scenarios like urban traffic. Also, various opportunities can be capitalized on by the market players. Changes in autonomous driving and increasing focus on reducing road accidents and fatalities are some major factors for growth opportunities. The adoption of radar technology in electric vehicles (EVs) and the continuous technological advancements in ranging have also opened up new areas for market expansion.

Although various challenges can impede the growing market. The high cost of the radar system, plus continuous innovation based on the evolving safety standards, is likely to hinder market growth. Besides, the integration of radar technology into a vehicle requires a huge amount of investment for R&D, which can pose a challenge for some manufacturers, further states the research report, “Global Automotive Radar Market Analysis, 2025.”

Segmentation Analysis

Passenger Vehicles Segment Holds the Largest Market Share

Based on the vehicle type, the market is further bifurcated into Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles. The passenger vehicles segment holds the majority share of the Global Automotive Radar Market, approximately 68%.  This growth is attributed to a combination of various factors. Passenger vehicles developed by customers’ demand for safety and convenience features such as ADAS drive the segment growth. For this, the manufacturers started installing radar-based technologies in passenger cars, such as adaptive cruise control, lane-keeping assistance, and emergency braking, which are integral to the ADAS. Furthermore, stringent government regulations and safety standards that require the inclusion of such advanced safety features in passenger vehicles further enlarge the market for radar systems. The preference for premium and luxury cars, which come with many advanced safety features, continues to make passenger vehicles dominant in this particular market. Also, the advancements in radar technology make them an effective choice for integration into passenger vehicles that further derive segment domination.

Europe Leads the Automotive Radar Industry Globally

Europe dominates the Global Automotive Radar Market. It holds around 40% of the global market. This boom is attributed to various factors. Strict safety regulations and requirements in Europe require the setup of advanced driver assistance systems in vehicles, thus inflicting heavy demand for car radar systems. The Euro NCAP has made it obligatory for all new motors to be outfitted with at least one sort of help gadget.

Furthermore, consumer attention and desire for present-day safety capabilities in vehicles also improve the growth of the radar marketplace in Europe. The presence of many international automotive producers and technology businesses in Europe is likewise a distinguished thing as they make investments closely in research and development of radar technology. Moreover, the transition to self-sustaining riding and a greater emphasis on lowering street injuries and fatalities prefer a bigger adoption of automobile radar systems in Europe. The European Region will continue to strengthen market growth in the coming years.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Robert Bosch GmbH, Continental AG, Denso Corporation, Aptiv, Autoliv Inc., Veoneer, Valeo SA, Delphi Automotive Company, NXP Semiconductors NV, HELLA GmbH & Co. KGaA, Texas Instruments Incorporated, ZF Friedrichshafen AG, Infineon Technologies AG, Renesas Electronics Corporation, Analog Devices, Inc., and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report      

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?