The Automotive Radar Sensors Market is being driven by Availability of high-frequency radar sensors
The Automotive Radar Sensors Market is expected to grow at a CAGR of 28.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 19927.9 million. In the automotive industry, Advanced Driver-Assistance Systems (ADAS) have become increasingly prevalent, integrating various electronic components such as sensors, cameras, radar, ultrasound, and LIDAS into modern vehicles. Strict regulations and OEM differentiation efforts have fueled the growing demand for automotive radar sensors. However, these advanced safety systems function independently, limiting their effective and realistic operation. To address this challenge, sensor fusion technology has emerged, enabling the combination of data from multiple sensor types to enhance system performance and overcome individual sensor shortcomings.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
243 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 28.5% |
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Market growth 2025-2029 |
USD 19927.9 million |
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Market structure |
market_structure.ucfirst |
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YoY growth 2024-2025(%) |
17.7 |
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Key countries |
US, China, Japan, India, Canada, UK, Germany, France, The Netherlands, and Italy |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Automotive Radar Sensors market encompasses various radar technologies, including short range, mid range, and long range, for Passenger Vehicles and Commercial Vehicles. These sensors employ Radar technology for Object Detection, Blind-spot Detection, Lane Change Assistance, Collision Prevention, and Adaptive Cruise Control. ADAS/AD systems, Autonomous Driving, and Industry 4.0 integration are key applications. High-frequency components fuel Technology Innovation. Radar imaging, 360-degree sensing, and Collision Avoidance are essential Safety Features. Solid-state radar and Sensor Integration are significant trends. Automotive Radar is pivotal for Radar Detection and Autonomous Vehicles.
The global automotive components and equipment market encompasses businesses producing parts and accessories for various automobile categories, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, market size is determined by the consolidated revenue of automotive component and equipment manufacturers. Factors driving growth in this sector include the escalating demand for electronic control units (ECUs) and other electrical components due to the rising sales of electric vehicles, motorcycles, and passenger cars in recent years. Additionally, the integration of advanced driver-assistance systems (ADAS) and autonomous driving (AD) technologies in modern vehicles is further fueling market expansion. Among the various radar sensor types, short range, mid range, and long range automotive radar sensors are gaining significant traction in the automotive industry due to their ability to enhance vehicle safety and improve driving experience.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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