Automotive Radar Market Forecast & Competitive Strategies by 2034

Automotive Radar Market Performance, Trends and Strategic Recommendations

The automotive radar market is anticipated to grow from USD 5.81 billion in 2025 to USD 14.08 billion by 2034, with a compound annual growth rate (CAGR) of 10.34% during the forecast period from 2025 to 2034.

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Introduction

The automotive radar market is a prominent branch of the automotive industry. This industry deals in manufacturing and distribution of radar systems for automotive sector. These radars comes with different range consisting of long range radar and medium & short range radar. It finds several applications in vehicles comprising of adaptive cruise control (ACC), autonomous emergency braking (AEB), blind spot detection (BSD), forward collision warning system, intelligent park assists and other ADAS systems. The growing sales of passenger cars in different parts of the world has boosted the industrial expansion. This market is expected to rise significantly with the growth of the automotive components industry around the globe.

• According to the SIAM, around 3890114 passenger vehicles were sold in India during 2022-23 that increased to 4218746 in 2023-24.

Highlights of the Automotive Radar Market

• Asia Pacific held the dominant share of the automotive radar market due to the growing demand for luxury vehicles in this region.
• Europe is expected to grow with a significant CAGR due to the rising emphasis on vehicle safety in this region.
• The adaptive cruise control segment dominated the market due to the rapid integration of ADAS in vehicles.
• The medium-range radar segment led the market due to its ability to enhance safety while driving.

Automotive Radar: Trends in the Industry

• Numerous automotive brands have started investing heavily in autonomous driving technology to enhance safety and attract maximum consumer attention which in turn increases the application of automotive radars.
• The government of various countries have mandated the integration of advanced safety systems in vehicles to reduce accidents that increases the demand for radar systems.
• Several automotive manufacturers are collaborating with radar companies to gain a competitive edge in the industry.
• The integration of AI in radar system helps in enhancing the capability of ADAS systems to enhance autonomous driving.

Industry Leader Announcement

In January 2025, Amichai Ron, the senior vice president at TI Embedded Processing, made an announcement stating that, “Today's drivers expect any car – entry-level to luxury, combustion to electric – to have enhanced in-cabin experiences, TI continues to provide innovative technologies to enable the future of the automotive driving experience. Our edge AI-enabled radar sensors allow automakers to make vehicles safer and more responsive to the driver, while our audio systems-on-chip elevate the drive through more immersive audio. Together they create a whole new level of in-cabin experiences.”

Geographical Insights

Asia Pacific held the dominant share of the automotive radar market. The rising sales of electric vehicles coupled with rapid investment by car manufacturers to integrate advance systems in vehicles has boosted the market growth. Also, the presence of several automotive manufacturers along with increasing disposable income of the people is driving the industrial expansion in this region.

Japan, China, South Korea and India are the major contributors of this industry. In Japan, the market is generally driven by the technological advancements in automotive sector. In China, the market is boosted by the rising sales and production of vehicles. In South Korea, the presence of several automotive brands has driven the industry. In India, the market is driven by the rising government initiatives to enhance automotive safety.

Competitive Landscape

The automotive radar market is a highly competitive industry with the presence of several dominating players. Some of the crucial players in this industry consists of Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Aptiv (Ireland), Autoliv Inc. (Sweden), Veoneer (Sweden), Valeo SA (France), NXP Semiconductors NV (Netherlands) and some others. These companies are constantly engaged in developing radar systems for automotives and adopting various strategies to maintain their dominant position in this industry.

• According to the annual report of Aptiv, the revenue of the advanced safety and user experience segment in 2022 was US$ 4587 million that increased to US$ 5695 million in 2023.

Market Segmentations

By Range

• Short-Range Radar
• Medium-Range Radar
• Long-Range Radar

By Application

• Adaptive Cruise Control (ACC)
• Autonomous Emergency Braking (AEB)
• Forward-Collision Warning System (FCWS)
• Blind Spot Detection (BSD)
• Intelligent Parking Assistance

By Frequency

• 24 GHz
• 77 GHz

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa