Global Automotive Radar Market Growth, Trends, Size, Share, Industry Demand, Global Analysis

An increase in the number of road accidents globally, demand for safety features such as parking assistance, collision avoidance systems, lane departure warnings, traction control, electronic stability control, tire pressure monitors, airbags, and telematics is on the rise.



5 months ago | 2 min read

Global Automotive Radar Market size was valued at US$ 4.59 Bn. in 2021 and the total revenue is expected to grow at 12.6 % through 2021 to 2029, Automotive Radar Market is reaching nearly US$ 11.87 Bn. by 2029.

Automotive Radar Market Overview:

The global market report provides Key trends that are clearly and compactly summarised. The foremost current analysis on the market perceives and assesses competitive threats and arranges company strategies with our analysis, insight and assured growth projections. The report further states market size, market share and it also focuses on global, regional and company levels.

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Market Scope:

The report helps in understanding clients’ interests what quantity do your potential clients’ pay annually on the categories of product or services you intend to supply and the way massive is that the potential marketplace for your business. The MMR analysis additionally aids within the comprehension of the Automotive Radar Market dynamics and structure by finding out market segments and predicting market size. The analysis is an associate investor's guide as a result of it clearly depicts a competitive analysis of key corporations within the Market by sort, price, condition, product portfolio, growth plans, and regional presence.

COVID-19 Impact Analysis on Automotive Radar Market:

COVID-19 presented the world with associated new economic, humanitarian, and tending challenges. The rapid unfolding of the sickness has crystal rectifier to a major impact on the worldwide market, with a worsening in demand for brand new and recent vehicles. Moreover, throughout the tip of 2021, matters came up to speed in some countries, the demand & supply gap was fulfilled, leading to progressive growth.

Automotive Radar Market Segment:  

Long range, medium range, and short range are the sub-segments of the market based on range type. The market for medium and short range radar is predicted to develop at the quickest rate in 2021. These radars are frequently used in automobile safety systems to detect nearby objects. Among the available features are blind spot detection, lane change assistance, and park assistance. The market is anticipated to be driven during the projected period by declining radar prices and a rising demand for using more than two radars per system for enhanced performance.

Automotive Radar Market Key players: 

• Continental AG• Robert Bosch GmbH• Delphi Automotive PLC• Denso Corporation• Infineon Technologies AG• NXP Semiconductors N.V.• Valeo S.A.• Analog Devices, Inc• Hella KGaA Hueck & Co.• Texas Instruments, Inc.• Autoliv, Inc.• ZF Friedrichshafen AG• Aptiv plc• Veoneer Inc.• Nidec Elesys Corporation• TungThih Electronic Co., Ltd

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Reasons to Purchase Automotive Radar Market Report: 

1. Necessary changes in Automotive Radar market dynamics2. What is the market situation in different countries according to regional analysis?3. Current and way forward for market outlook within the rising and emerging markets.4. Analysis of different aspects of the market with the help of Porter's five forces analysis.5. The segment that is expected to dominate the market.6. Identify the latest developments, global market shares, and strategies employed by the major market players.7. Former, ongoing, and projected market analysis in terms of volume and value

Besides, the market study affirms the leading players worldwide within the market. Their key promoting strategies and advertising techniques have been to supply a transparent understanding of the market.

Regional Analysis:

Geographically, this report is segmented into several key Countries, with market size, growth rate, import and export of Automotive Radar market in these countries, which covers North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Spain, Italy, Rest of Europe) Asia Pacific (China, India, Japan, Australia, South Korea) ASEAN Countries, Rest of APAC, South America (Brazil), Africa, and the Middle East.

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MMR is the dominant business solution provider, gives discourse and data-centric analysis services to its customers across the world. The firm assists its customers to strategize business policies and achieve market growth in their various domains. The business provides consulting services, syndicated analysis reports and customized analysis reports.


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