Global Automotive Radar Market Size & Outlook, 2023-2030
The automotive radar industry worldwide is expected to reach a projected revenue of US$ 34,906.7 million by 2030. A compound annual growth rate of 31.6% is expected of the worldwide automotive radar industry from 2024 to 2030.
Revenue, 2023 (US$M)
$5,100.7
Forecast, 2030 (US$M)
$34,906.7
CAGR, 2024 - 2030
31.6%
Report Coverage
Worldwide
Global automotive radar market, 2018-2030 (US$M)
Global automotive radar market highlights
- The global automotive radar market generated a revenue of USD 5,100.7 million in 2023 and is expected to reach USD 34,906.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 31.6% by 2030.
- In terms of segment, short-range radar accounted for a revenue of USD 5,100.7 million in 2023.
- Short-range Radar is the most lucrative range segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 5,100.7 million |
| Market revenue in 2030 | USD 34,906.7 million |
| Growth rate | 31.6% (CAGR from 2023 to 2030) |
| Largest segment | Short-range radar |
| Fastest growing segment | Short-range Radar |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Short-range Radar |
Other key industry trends
- In terms of revenue, the North America accounted for 30.4% of the global automotive radar market in 2023.
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Automotive Radar Market Scope
Automotive radar market segmentation & scope
Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Frequency
2X-GHz
7X-GHz
Propulsion
ICE
Electric
Application
Adaptive Cruise Control (ACC)
Autonomous Emergency Braking (AEB)
Blind Spot Detection (BSD)
Forward Collision Warning System (FCWS)
Intelligent Parking Assistance (IPA)
Cross Traffic Alert
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
China
Australia
India
Japan
South Korea
Brazil
South Africa
Saudi Arabia
UAE
Automotive Radar Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automotive radar market size, by regions, 2018-2030 (US$M)
Related industry reports
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