Automotive radar sensors market is anticipated to grow at a CAGR of 20.4% during the forecast period. The factors responsible for the growth of the automotive radar sensors market includes various technological innovation, increased requirement for safety, and the inclusion of stringent government regulations. The radar sensors technology is majorly dependent on the growth of the automotive industry. The increase in the production of passenger and commercial vehicles will directly impact the growth of the radar sensors market. Moreover, the increasing number of accidents and the launch of innovative radar sensors in the market to further boost the growth of the global automotive radar sensors market. For instance, in March 2022, Uhnder launched the first mass-produced, 4D digital imaging radar-on-chip that becomes the next-generation advanced driver assistance systems (ADAS), autonomous vehicles (AVs), and automated mobility applications possible. Digital radar provides 16 times better resolution, 24 times more power on target, and 30 times better contrast than today’s analog offerings, improving detection capabilities for better road safety for all users- drivers, passengers, cyclists, and pedestrians.
The global automotive radar sensors market is segmented based on range, and application. Based on range, the market is bifurcated into short-range, medium-range, and long-range. Based on application, the market is sub-segmented into forward collision warning systems, and intelligent park assist. Among the application, the forward collision warning system segment is anticipated to hold a prominent market share, while the market for the intelligent park assist segment is estimated to witness the fastest growth.
Among the range segments, the medium range segment is expected to grow at a significant rate, owing to the growing awareness regarding vehicle safety among consumers along with the technological advancements introduced by key players in the market. For instance, in September 2021, ZF launched its next-generation mid-range radar to support advanced ADAS safety functions and enhance the available ZF co-ASSIST semi-automated system on the Dongfeng Aeolus Yixuan MAX in China. ZF’s mid-range radar is a high-performance 77GHz front radar designed to meet 2022+ Euro NCAP 5-Star Safety Ratings and enable semi-automated driving functions.
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Automotive Radar Sensors Market Segmentation
By Range
- Short range
- Medium-Range
- Long-Range
By Application
- Forward Collision Warning System
- Intelligent Park Assist
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Analog Devices Inc.
- Borgwarner Inc.
- Infineon Technologies
- Microbrain
- Nxp Semiconductors
- M.S Smart Microwave Sensors GmbH
- Sencept Ab
- SGR Semiconductors Inc.
- Valeo
- Veoneer Inc.
- ZF Friedrichshafen AG
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