Automotive Radar Sensors Market Analysis: Market Trends, Growth, and Pricing Insights

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The Automotive Radar Sensors Market size was valued at USD 1.62 Billion in 2023 and the total Automotive Radar Sensors Market revenue is expected to grow at a CAGR of 14.6% from 2024 to 2030, reaching nearly USD 4.20 Billion by 2030.

Automotive Radar Sensors Market is expected to grow at a CAGR of 14.6% during the forecast period. Global Automotive Radar Sensors Market is expected to reach USD 4.20 Bn. by 2030.

Market Overview

The purpose of this study is to provide a thorough examination of the Automotive Radar Sensors market by component, application, industry, and geography. The study goes into great detail on the primary factors influencing the Automotive Radar Sensors market's growth. The study also offers a comprehensive analysis of the market's value chain.

Market Scope

The research methodology for assessing and forecasting the Automotive Radar Sensors Market begins with secondary research that gathers revenue data from key suppliers. Market segmentation is determined by vendor offerings, and the total market size is calculated using a bottom-up approach based on the revenue of major industry players.

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Market Segmentation

by Range

Short-range Radar
Medium-range Radar
Long-range Radar

by Vehicle Type

Commercial vehicle
Passenger vehicle

by Application

Intelligent Parking Assistance (IPA)
Forward Collision Warning System (FCWS)
Blind Spot Detection (BSD)
Lane Change Assist (LCA)
Rear Cross Traffic Assist (RCTA)
Autonomous Emergency Braking (AEB)
Adaptive Cruise Control (ACC)
Other Applications

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Key Market Players

The major players covered in the Automotive Radar Sensors market report are

Delphi Automotive PLC (Dublin, Ireland)
Texas Instruments Incorporated (Dallas, Texas, USA)
Quanergy (Sunnyvale, California, USA)
Velodyne LiDAR (San Jose, California, USA)
Kestrel Radar Sensors (Portland, Oregon, USA)
Europe Bosch GmbH (Gerlingen, Germany)
Hella KGaA (Lippstadt, Germany)
ZF Friedrichshafen AG (Friedrichshafen, Germany)
Infineon Technologies AG (Neubiberg, Germany)
First Sensor AG (Berlin, Germany)
Continental AG (Hanover, Germany)
InnoSenT GmbH (Donnersdorf, Germany)
UniqueSec AB (Gothenburg, Sweden)
Valeo S.A (Paris, France)
Ibeo Automotive Systems GmbH (Hamburg, Germany)
Autoliv Inc (Stockholm, Sweden)
TRW - ZF Friedrichshafen (Friedrichshafen, Germany)
Asia Pacific Denso Corporation (Kariya, Aichi, Japan)
Fujitsu Ten Ltd (Kobe, Japan)
Middle East and Africa Bosch GmbH (Dubai, United Arab Emirates)
Continental AG (Dubai, United Arab Emirates)
South America Delphi Automotive PLC (Dublin, Ireland)
Autoliv Inc

Automotive Radar Sensors Regional Analysis: 

Global, North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

Impact of COVID-19 on the Automotive Radar Sensors Market

The COVID-19 pandemic has impacted various industries, including healthcare and pharmaceuticals. The Automotive Radar Sensors Market has experienced fluctuations in growth due to economic and operational challenges. This study provides insights into the pandemic’s effect on the market and how companies are adapting through digital transformation and risk mitigation strategies.

Key Questions Answered in the Report:

  • Which segment holds the largest market share in the Automotive Radar Sensors Market?

  • What is the current competitive landscape of the market?

  • What are the key drivers of market growth?

  • Which region leads in market share?

About Maximize Market Research

Maximize Market Research is a leading consulting firm with expertise across various industries, including medical devices, pharmaceuticals, technology, automotive, and industrial equipment. We provide market-driven insights, competitive analysis, and strategic recommendations to help businesses navigate market trends.

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