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The automotive RADAR applications market is set to reach US$ 17.14 BN by 2032, at a 25.00% CAGR between years 2023-2032. Automotive radar applications have seen several years of evolution primarily as a result of the technological improvements, consumer safety concerns and also legislation. Radar technology, originally associated with the military use only has come to be used extensively in cars for adaptive cruise control, collision avoidance and parking assistance.
The rise in the importance of vehicle safety is one major force impacting on the market dynamics. Governments and regulatory authorities have made strict safety standards in various countries, resulting to the automotive manufacturers incorporating sophisticated accident prevention elements into their vehicles. This is where the automotive radar applications come into play, offering real-time information about the vehicle surroundings. This has, therefore, spurred the demand for radar-based safety systems thus resulting in a remarkable growth in the automotive application of radars.
The market dynamics is also driven by the boom in the autonomous and semi-autonomous vehicles. Radar sensors are crucial parts of these sophisticated driving systems because they allow the vehicles to perceive and react very well to their surroundings. The need of radar applications is hence estimated to be steadily rise due to the continuous growth in the autonomous technologies. Major players in the field invest heavily into research and development points making radar sensors much more reliable under different driving conditions.
Cost aspects and the declining prices of radar technologies further drive the market development. With the progress of technological advancements, the radar sensors’ manufacturing costs reduce and they bring more options in terms of vehicle models. This has resulted in a broader acceptance of radar-specific applications for different categories, which range from high-end vehicles to the lower models.
The affordability factor is anticipated to propel the market growth and also facilitate radar applications penetration in the automotive segments. Automotive manufacturers collaborations and partnerships with the radar technology suppliers have also had a significant effect on the market dynamics. These partnerships seek to merge knowledge and know how, thus speeding up the process for radar-oriented applications. Joint ventures as well as strategic alliances contribute to the overcoming of technological barriers and driving innovation in the automotive industry.
However, environmental factors and the drive towards green technologies have added a new angle to the market dynamics. Radar based technologies increase the fuel efficiency and also decrease emissions providing more effective driving patterns as well give general better vehicle performance. With the auto industry adopting sustainability targets, there will be an upward trend in integrating radar-based applications that present new growth opportunities for the market players.
Automotive Radar Applications Market Highlights:
Automotive RADAR Applications Market Overview:
Automotive RADAR Applications market size was valued at USD 2.88 Billion in 2023. The automotive RADAR applications industry is projected to grow from USD 3.6 Billion in 2024 to USD 17.14 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 21.53% during the forecast period (2024 - 2032). Rising demand for comfortable driving incorporated safety features in the vehicle, and increased number of RADAR sensors used per vehicle are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive RADAR Applications Market Trends
Technological innovations are driving the market growth
Market CAGR for automotive RADAR Applications is driven by the rising technological advancements and integration of Artificial Intelligence (AI) in electronic components like lidar, automotive RADAR with cloud storage and increasing preference for wireless communication are expected to provide a better safety environment to the consumer. Due to increased usage of park assistance, safety alarms, and collision avoidance, the importance of ultrasonic sensors and proximity sensors has risen. Moreover, applications such as adaptive cruise control (ACC), blind spot detection, and lane change assist are popularizing, and non-imaging RADAR will see sustained growth.
Additionally, the increasing awareness regarding vehicle safety among customers has increased demand for components such as cruise control and blind-spot detection that can help drivers and decrease the number of accidents. Furthermore, the alarming increase in fatalities owing to vehicular accidents has compelled several governments to implement stringent regulations and actively encourage the growth of vehicle safety systems. Hence, to ensure better vehicle safety, the widespread adoption of radar-based technology in automobiles is anticipated during the forecast period.
Moreover, the rise in demand for safety features in automobiles drives the automotive RADAR applications market revenue. The demand for safety features, including collision avoidance systems, lane departure warnings, parking assistance, traction control, electronic stability control, tire pressure monitors, airbags, and telematics, is experiencing an upward trend due to increased road accidents worldwide. Automotive RADAR is a major component of advanced driver assistance systems, which can notice and organize certain objects on the road and, consequently, alert the driver of nearby events and road circumstances.
In addition, road accidents are a major cause of death globally. A tremendous expansion in the death rates due to road accidents has been observed. For instance, as per the World Health Organization report, nearly 1.3 million people pass away in road traffic crashes yearly. Road traffic injuries leading to death are higher among teenagers. These factors are leading to a surge in demand for vehicle safety features. Companies operating in the automobile sector are developing and introducing safety features to meet customers' needs. For instance, in February 2020, HELLA announced the latest 77 GHz RADAR technology production plan.
Automotive RADAR Applications Market Segment Insights:
Automotive RADAR Applications Frequency Insights
The Automotive RADAR Applications market segmentation, based on frequency, includes 24 GHz, 77 GHz, and 79 GHz. The 77 GHz segment dominated the market, accounting for 35% of market revenue (1.00 Billion). In developing economies, category growth is driven by its capacity to detect objects with high accuracy & function in a huge range of weather conditions. However, 79 GHz is the fastest-growing category owing to the growing popularity of autonomous vehicles and self-driving cars.
Automotive RADAR Applications Application Insights
The Automotive RADAR Applications market segmentation, based on application, includes adaptive cruise control (ACC), blind spot detection (BCD), forward collision warning system (FCWS), lane departure warning system (LDWS), and parking assistance (PA). The adaptive cruise control (ACC) category generated the most income (70.4%). This is majorly owing to widespread adoption in prominent automotive markets, such as U.S., Germany, and China. However, blind spot detection (BCD) is the fastest-growing category over the forecast period. Favorable government initiatives, such as de-licensing RADAR frequencies and increased investment by automakers to create low-cost radar-based safety systems, drive market growth.
Automotive RADAR Applications Technology Insights
The Automotive RADAR Applications market segmentation, based on technology, includes LiDAR, millimeter-wave RADAR, camera, and ultrasonic RADAR. The LiDAR category generated the most income owing to the growing investment by key players to develop LiDAR technology over the forecast period. However, millimeter-wave RADAR is the fastest-growing category over the forecast period. They can be utilized for position sensing, motor control, comfort features and HMI applications.
Figure 1: Automotive RADAR Applications Market, by Technology, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive RADAR Applications Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The Europe automotive RADAR applications market will dominate, owing to rising economies in this region, which has increased the per capita income and spending capacity of the population and led to a surge in automobile production which will boost the market growth in this region. Further, the German automotive RADAR applications market held the largest market share, and the UK automotive RADAR applications market was the fastest-growing market in the European region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Automotive RADAR Applications MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
North America automotive RADAR applications market accounts for the second-largest market share due to the growing frequency of vehicular accidents, and growing awareness regarding the benefits associated with driving assistance features is fueling the demand for automotive RADAR applications in this region. Moreover, US automotive RADAR applications market held the largest market share, and the Canadian automotive RADAR applications market was the fastest-growing market in the North American region.
The Asia-Pacific automotive RADAR applications market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the growing adoption of unique technologies, such as smart grids, smart homes, smart water networks, intelligent transport, and infrastructure with RADAR sensors technology. Moreover, China’s automotive RADAR applications market held the largest market share, and the Indian automotive RADAR applications market was the fastest-growing market in the Asia-Pacific region.
Automotive RADAR Applications Key Market Players & Competitive Insights
Prominent market players are investing heavily in R&D to expand their product lines, which will assist the automotive RADAR applications market to grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product establishment, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To enhance and stay in a more competitive and rising market climate, the automotive RADAR applications industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Automotive RADAR Applications industry to benefit clients and increase the market sector. Major players in the automotive RADAR applications market, including Robert Bosch GmbH, Panasonic Corporation, Valeo, Hella KGaA Hueck & Co, TRW Automotive, and others, are attempting to grow market demand by investing in research and development operations.
Huawei Technologies Co Ltd (Huawei), a subsidiary of Huawei Investment & Holding Co Ltd, provides information and communication technology (ICT) infrastructure and smart devices. The company's product portfolio includes laptops, tablets, routers, wearables, headphones, enterprise wireless products, enterprise optical transmission and access products, networking products, and cloud and computing products. It also offers services, software for carrier networks, and smart services for enterprises. Huawei serves education, finance, healthcare, internet services providers, manufacturing, oil and gas, public safety, retail, smart city, smart grid, and transportation industry. In August 2020, Huawei increased investments in its optoelectronics R&D center in Wuhan, China, focusing on developing low-cost LIDAR technology and RADAR sensors.
Continental AG is an automotive organization that manufactures and sells brake systems, systems and components for powertrains and chassis, vehicle electronics, instrumentation, infotainment solutions, tires, and technical elastomers. The company also offers tires and replacement solutions for customers, from passenger cars via buses, trucks, and construction site automobiles to special vehicles, bicycles, and motorcycles. Continental markets its delivering under Elektrobit, VDO, Uniroyal, Phoenix, Matador, and other brands. In April 2021, Continental introduced the sixth generation of surround RADAR and long-range RADAR at Auto Shanghai 2021. Both sensors use the same hardware and software platform, reducing complexity and, consequently, costs.
Key Companies in the Automotive RADAR Applications market include
- Robert Bosch GmbH (Gerlingen, Germany)
- Continental AG (Hanover, Germany)
- Denso Corporation (Kariya, Japan)
- Autoliv Inc. (Stockholm, Sweden)
- Valeo SA (Paris, France)
- Aptiv (Dublin, Ireland)
- NXP Semiconductors (Eindhoven, Netherlands)
- Texas Instruments Incorporated (Dallas, US)
- ZF Friedrichshafen AG (Friedrichshafen, Germany)
- Infineon Technologies AG (Neubiberg, Germany)
Automotive RADAR Applications Industry Developments
January 2024: At today's CES in Las Vegas, TI unveiled a 77GHz vehicle radar for autonomous driving.
According to the business, AWR2544, which is manufactured on 45 nm RFCMOS, is intended, for instance, for cars that employ "satellite" instead of the more locally demanding "edge" vehicle design and have a radar at every corner.
The central automated driving (ADAS) computer will get the fully processed data from the radar's Doppler and angle fast FFTs, as well as higher-level algorithms for object identification, classification, and tracking, thanks to edge architecture.
Radar sensors "output semi-processed data to a central processor for ADAS decision-making in satellite architectures," according to TI.
As a result, less computing power is required for a radar targeted at satellite topologies than for an edge architecture.
Four transmitters and four receivers are included within the 77GHz transceiver of the AWR2544, according to TI. In order to create and broadcast range FFT-compressed data, it also has a 1Gbit/s Ethernet interface and a cost-optimized radar processing accelerator. The apparatus has B-capability for ASIL (automotive safety integrity level).
With a front-end controller for configuring and monitoring the PLL, VCO, mixer, and base-band ADC, this FMCW transceiver operates between 76 and 81GHz. For control and automotive interface applications, a hardware accelerator capable of handling FFT, scaling, and compression is paired with a user-programmable Arm Cortex-R5F.
The radar IC package has a unique feature: it features integrated local radiating components, which TI has named "launch-on-package" (LOP). These elements are meant to connect with the system antenna via waveguides within the PCB.
The statement said, "LOP mounts a 3D waveguide antenna on the opposite side of the printed circuit board, helping to reduce the size of the sensor by as much as 30%." "With a single chip, LOP also allows sensor ranges to exceed 200 meters."
There are accessible program designs, software drivers, sample settings, API manuals, and user guides.
According to the business, AWR2544, which is manufactured on 45 nm RFCMOS, is intended, for instance, for cars that employ "satellite" instead of the more locally demanding "edge" vehicle design and have a radar at every corner.
The central automated driving (ADAS) computer will get the fully processed data from the radar's Doppler and angle fast FFTs, as well as higher-level algorithms for object identification, classification, and tracking, thanks to edge architecture.
Radar sensors "output semi-processed data to a central processor for ADAS decision-making in satellite architectures," according to TI.
As a result, less computing power is required for a radar targeted at satellite topologies than for an edge architecture.
Four transmitters and four receivers are included within the 77GHz transceiver of the AWR2544, according to TI. In order to create and broadcast range FFT-compressed data, it also has a 1Gbit/s Ethernet interface and a cost-optimized radar processing accelerator. The apparatus has B-capability for ASIL (automotive safety integrity level).
With a front-end controller for configuring and monitoring the PLL, VCO, mixer, and base-band ADC, this FMCW transceiver operates between 76 and 81GHz. For control and automotive interface applications, a hardware accelerator capable of handling FFT, scaling, and compression is paired with a user-programmable Arm Cortex-R5F.
The radar IC package has a unique feature: it features integrated local radiating components, which TI has named "launch-on-package" (LOP). These elements are meant to connect with the system antenna via waveguides within the PCB.
The statement said, "LOP mounts a 3D waveguide antenna on the opposite side of the printed circuit board, helping to reduce the size of the sensor by as much as 30%." "With a single chip, LOP also allows sensor ranges to exceed 200 meters."
There are accessible program designs, software drivers, sample settings, API manuals, and user guides.
May 2022: Infineon Technologies launched XENSIV 60 GHz automotive RADAR sensor. These sensors are designed for in-cabin monitoring systems (ICMS) to detect micro-movements and vital signs of left-behinds and sound the alarm. The sensor chipset also addresses applications such as high-resolution frequency-modulated continuous wave (FMCW) radars for distance measurement, front-end RADAR for gesture sensing, short-range sensing operations, and other hidden sensing applications.
July 2022: Gapwaves and Bosch declared their partnership for developing and large-scale production of high-resolution RADAR antennas for automotive automobile applications. Gapwaves will assist with its antenna know-how, and Bosch will contribute with its know-how of RADAR sensors and automated driving.
Automotive RADAR Applications Market Segmentation:
Automotive RADAR Applications Frequency Outlook
- 24 GHz
- 77 GHz
- 79 GHz
Automotive RADAR Applications Application Outlook
- Adaptive Cruise Control (ACC)
- Blind Spot Detection (BCD)
- Forward Collision Warning System (FCWS)
- Lane Departure Warning System (LDWS)
- Parking Assistance (PA)
Automotive RADAR Applications Technology Outlook
- LiDAR
- Millimeter-Wave Radar
- Camera
- Ultrasonic Radar
Automotive RADAR Applications Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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