By 2027, the global automotive radar market is estimated to be worth USD 14.6 billion, with a CAGR of 21.5 percent. Strong legislation and favourable policies in the field of radar systems have been in place to encourage the widespread adoption of radar-based safety systems and this trend will continue over the forecast era. Safer mobility of vehicles is, therefore, the primary concern of every government.

Asia-Pacific (APAC) will see the fastest demand advance in the coming years, led by China, which boasts the region's largest manufacturing capacity for automobiles and the highest rate of technological change.

The market expansion is driven by factors such as an increase in demand for safety characteristics in automobiles and an increase in demand for relaxed driving. In addition, the stringent safety feature rules and regulations are likely to fuel the growth of the automotive RADAR industry.

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Demand for premium segment vehicles with better equipment and advanced technology worldwide is all set to fuel the growth of the global RADAR automotive industry. Well-equipped and applied high-end technology vehicles are most in-demand around the world.

The market is expected to expand due to factors such as an increase in demand for safety features in automobiles and an increase in demand for relaxed driving. Furthermore, the automotive RADAR market is expected to expand due to strict rules and regulations for safety features.

As a market challenge, the high cost of the automotive RADAR system usually leads to an overall rise in the cost of the vehicle. Also, the use of RADAR detectors is considered illegal in some countries.

Key Players

• Continental AG
• Robert Bosch GmbH
• Delphi Automotive PLC
• Denso Corporation Infineon Technologies
• AG NXP Semiconductor N.V.
• Valeo S.A. Analog Devices
• Hella KGaA Hueck & Co.
• Texas Instruments Inc.
• Autoliv, Inc.
• ZF Friedrichshafen AG
• Infineon Technologies AG