Global Automotive Radar Sensors Market Insights and Forecast to 2028

Automotive Radar Sensors Market Insights - 2028

Due to the COVID-19 pandemic, the global Automotive Radar Sensors market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period.

Fully considering the economic change by this health crisis, Long Range Radar Sensor accounting for % of the Automotive Radar Sensors global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period.

While Park Assist Systems segment is altered to an % CAGR throughout this forecast period.

Automotive radars are driver assistance systems that use sensors to detect the speed and range of objects in proximity of the vehicle. It is a core sensor (range, speed) of driver assistance systems: long range (LRR) for Adaptive Cruise Control, medium range (MRR) for cross traffic alert and lane change assist, short-range (SRR) for parking aid, obstacle/pedestrian detection. A key component of ADAS is radar systems that constantly sense the distance between vehicles in real-time, improving driving efficiency and safety.

Automotive Sensors for radar are the sensors used in various applications, such as autonomous braking, forward collision warning system, adaptive cruise control, lane departure warning, adaptive headlights, blind spot detection, and parking assistance. Major automakers across the globe started to integrate basic collision avoidance systems into their mass-market models. Owing to the increased number of road accidents, emphasis is on improved road safety regulations and laws for making vehicles safe for driving. This, in turn, is increasing the consumption of advanced driver-assistance systems (ADAS) and the demand for the automotive radar sensors market.

Automotive Radar Sensors Market Insights

China Automotive Radar Sensors market size is valued at US$ million in 2021, while the US and Europe Automotive Radar Sensors are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period.

As for the Europe Automotive Radar Sensors landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.

The global key manufacturers of Automotive Radar Sensors include Robert Bosch GmbH, NXP Semiconductors N.V, Infineon Technologies AG, Quanergy, Leddar, Ibeo Automotive Systems GmbH, Continental AG, Denso Corporation and TRW - ZF Friedrichshafen, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

In terms of production side, this report researches the Automotive Radar Sensors capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of Automotive Radar Sensors by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Automotive Radar Sensors Market Scope and Segment

Automotive Radar Sensors market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Automotive Radar Sensors market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

Segment By Type

• Long Range Radar Sensor
• Medium Range Radar Sensor
• Short Range Radar Sensor

Segment By Application

• Park Assist Systems
• ACC
• BSD
• AEBS
• LDWS
• PPS
• Others

By Company

• Robert Bosch GmbH
• NXP Semiconductors N.V
• Infineon Technologies AG
• Quanergy
• Leddar
• Ibeo Automotive Systems GmbH
• Continental AG
• Denso Corporation
• TRW - ZF Friedrichshafen
• Delphi Automotive
• Hella
• Autoliv Inc
• Velodyne LiDAR
• Hitachi

Production By Region

• North America
• Europe
• China
• Japan
• South Korea

Consumption By Region

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Australia
• Taiwan
• Indonesia
• Thailand
• Malaysia
• Philippines
• Vietnam
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE