자동차용 레이더 시장 규모는 2023년 65억 달러, 2024년 84억 6,000만 달러에서 2032년에는 694억 1,000만 달러로 성장하고, 예측 기간(2025-2032년) 동안 30.1%의 연평균 복합 성장률(CAGR)을 보일 것으로 예측됩니다.
최근 전 세계적으로 교통사고가 크게 증가함에 따라 모든 도로 이용자의 안전에 대한 중요성이 더욱 강조되고 있습니다. 미국 고속도로교통안전국(NHTSA)은 2022년 1월부터 9월까지 미국 내 교통사고 사망자 수가 약 31,785명이라고 보고하여 효과적인 안전 솔루션의 시급성을 강조하고 있습니다. 이러한 우려로 인해 첨단 기술, 특히 레이더와 센서의 채택이 가속화되고 있습니다. 레이더와 센서는 차량, 보행자, 자전거 운전자를 정확하게 감지하고 더 넓은 도로 환경을 분석하는 데 필수적인 역할을 하고 있습니다. 안전이 최우선 과제인 만큼, 자동차 및 운송 부문의 혁신적인 솔루션에 대한 수요는 계속 증가할 것으로 예상되며, 교통 안전 기술 개선에 주력하는 기업들에게 큰 시장 기회가 창출될 것으로 보입니다.
Automotive Radar Market size was valued at USD 6.5 billion in 2023 and is poised to grow from USD 8.46 billion in 2024 to USD 69.41 billion by 2032, growing at a CAGR of 30.1% during the forecast period (2025-2032).
In recent years, the increasing emphasis on safety for all road users has surged, driven by the alarming rise in global road accidents. The National Highway Traffic Safety Administration (NHTSA) reported approximately 31,785 traffic fatalities in the U.S. within the first nine months of 2022, underscoring the urgency for effective safety solutions. This growing concern has catalyzed the adoption of advanced technologies, particularly radar sensors, which have become essential for accurately detecting vehicles, pedestrians, and cyclists, while also analyzing the broader road environment. As safety remains a top priority, the demand for innovative solutions in the automotive and transportation sectors is expected to expand, creating significant market opportunities for companies focused on improving road safety technologies.
Top-down and bottom-up approaches were used to estimate and validate the size of the Automotive Radar market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Automotive Radar Market Segments Analysis
Global Automotive Radar Market is segmented by Range, Frequency, Application and region. Based on Range, the market is segmented into Short-Range Radar, Medium-Range Radar and Long-Range Radar. Based on Frequency, the market is segmented into 24 GHz and 77 GHz. Based on Application, the market is segmented into Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Forward-Collision Warning System (FCWS), Blind Spot Detection (BSD) and Intelligent Parking Assistance. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Automotive Radar Market
The projected increase in sales and demand for passenger vehicles in developing nations is expected to drive considerable growth in the Automotive Radar market during the forecast period. Nations like India, China, Japan, and South Korea are anticipated to play significant roles in this rising demand for passenger vehicles. This growth is complemented by heightened investments in Research and Development from leading industry stakeholders in these areas, which in turn promotes technological innovations in radar systems used in passenger vehicles. As a result, the combined factors of market demand and technological advancement are set to propel the Automotive Radar market forward.
Restraints in the Automotive Radar Market
The Automotive Radar market faces significant constraints due to the limitations of radar technology, which excels in tracking moving objects and providing situational awareness. However, the natural inconsistency of radio waves restricts effective object classification and accurate vehicle localization. In Advanced Driver Assistance Systems (ADAS), radar systems primarily function within the gigahertz frequency range, generally between 70 GHz and 90 GHz. This reliance on very narrow frequency bands leads to reduced angular resolution in radar devices, resulting in challenges for precision and performance. Consequently, these factors hinder the overall effectiveness and reliability of radar systems in automotive applications.
Market Trends of the Automotive Radar Market
The Automotive Radar market is witnessing significant growth driven by the increasing focus on vehicle safety features amidst the rising global incidence of road accidents. As consumers and manufacturers prioritize advanced safety technologies-such as parking assistance, collision avoidance systems, lane departure warnings, and electronic stability control-the demand for automotive radars is soaring. These systems leverage radar technology to enhance vehicle awareness and improve decision-making in real-time, thus mitigating the risks of accidents. Furthermore, regulatory pressures and consumer expectations for smarter, safer automobiles are propelling innovations in radar applications, positioning the Automotive Radar market for sustained expansion in the coming years.