Europe Automotive Radar Market Size & Outlook, 2023-2030
The automotive radar market in Europe is expected to reach a projected revenue of US$ 9,512.1 million by 2030. A compound annual growth rate of 32.1% is expected of Europe automotive radar market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,354.7
Forecast, 2030 (US$M)
$9,512.1
CAGR, 2024 - 2030
32.1%
Report Coverage
Europe
Europe automotive radar market, 2018-2030 (US$M)
Europe automotive radar market highlights
- The Europe automotive radar market generated a revenue of USD 1,354.7 million in 2023.
- The market is expected to grow at a CAGR of 32.1% from 2024 to 2030.
- In terms of segment, short-range radar was the largest revenue generating range in 2023.
- Short-range Radar is the most lucrative range segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 1,354.7 million |
| Market revenue in 2030 | USD 9,512.1 million |
| Growth rate | 32.1% (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, Europe region accounted for 26.6% of the global automotive radar market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 13,526.3 million by 2030.
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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 |
|---|
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Related regional statistics
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