Automotive Radar Market - Expected to Reach $12.1 Billion by 2025

The global automotive radar market is expected to reach USD 12.16 billion by 2025, growing at a CAGR of 20.8%, according to a study conducted by The report, Inc. The growing focus on active safety features, innovations in the radar technology, decreasing prices of components, and increasing sales of vehicles are the propelling factors for market growth. Radars play a vital role in detecting objects in various safety systems including adaptive cruise control, pedestrian detection system, blind spot detection, and automated emergency braking.

The global automotive radar market is expected to reach USD 12.16 billion by 2025, growing at a CAGR of 20.8%, according to a study conducted by The report, Inc. The growing focus on active safety features, innovations in the radar technology, decreasing prices of components, and increasing sales of vehicles are the propelling factors for market growth. Radars play a vital role in detecting objects in various safety systems including adaptive cruise control, pedestrian detection system, blind spot detection, and automated emergency braking.

In order to achieve complete vehicle autonomy, it is essential for automakers to focus on the enhancement of the radar technology and subsequently on the reduction in the size of radar systems. One of the major hurdles hampering the growth of automotive radars is the lack of uniform frequency allocation across the globe. Moreover, the use of higher frequency band is likely to lead to higher resolution benefits and promote the use of a single technology for all applications, thereby reducing the risk of mutual interference. The European Commission has already initiated the 79 GHz project for vehicular radars, which has been the foundation for the future development of the automotive radar market.

The market is characterized by the presence of prominent automotive electronics manufacturers including Continental AG, Robert Bosch GmbH, Infineon Technologies AG, and Texas Instruments, among others. Strong R&D capabilities have led to the development of application-oriented radars. Additionally, they have assisted radar manufacturers in complying with different frequency standards present in different countries.

According to the World Health Organization, globally 1.25 million people suffer from death due to road traffic crashes each year. Road accidents are likely to become the seventh leading cause of death by 2030 if appropriate measures to increase vehicle safety are not taken. Thus, the need to protect drivers and passengers from potential accidents would play an important role in determining the growth of the automotive radar market.

Further Key Findings From The Study Suggest:

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Automotive Radar Industry Outlook

Chapter 4 Automotive Radar Range Outlook

Chapter 5 Automotive Radar Frequency Outlook

Chapter 6 Automotive Radar Vehicle Type Outlook

Chapter 7 Automotive Radar Application Outlook

Chapter 8 Automotive Radar Regional Outlook

Chapter 9 Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/vtvj5l/automotive_radar

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