Automotive RADAR Market – Global Forecast to 2030
The global automotive radar market is projected to grow from USD 6.6 Billion in 2024 to USD 33.6 Billion by 2030, registering a CAGR of 31.1%.
世界の自動車レーダー市場は、2024 年の 66 億米ドルから 2030 年までに 336 億米ドルに成長し、31.1% の CAGR を記録すると予測されています。
The automotive sector is experiencing a notable shift from focusing solely on vehicle performance and efficiency to prioritizing safety and convenience. With growing consumer awareness and increasing government mandates regarding active safety measures, there is a rising demand for driver-assisting applications like lane departure warning, lane keep assist, rear park assist, and blind-spot detection. These enhanced features can detect driver drowsiness and alertness, reducing road accidents and mishaps. As automotive radar systems evolve and integrate with AI-driven technologies, they are poised to play a pivotal role in shaping the future of vehicle safety and driving experiences.
The report provides insights on the following pointers:
- Analysis of key drivers (Increasing consumer demand for ADAS, Doppler frequency shift, Advancements in radar technology), restraints (Inability to distinguish multiple targets, Different climate conditions), opportunities (Growing push for autonomous vehicles, Potential for innovative business models, 4D imaging radar, Signal interference), and challenges (Competition from alternate technologies, Fluctuating raw material prices and supply chain disruptions) influencing the growth of the automotive radar market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the automotive radar market
- Market Development: Comprehensive information about lucrative markets – the report analyses the automotive radar market across varied regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the automotive radar market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Robert Bosch GmbH (Germany), Continental AG (Germany), Aptiv (Ireland), Denso Corporation (Japan), NXP Semiconductors (Netherlands), and among others in the automotive radar market Page 25 of 34 strategies. The report also helps stakeholders understand the pulse of the ADAS market and provides them with information on key market drivers, restraints, challenges, and opportunities.