Global Automotive Radar Market Size & Outlook, 2023-2030
The global automotive radar market size was estimated at USD 5,100.7 million in 2023 and is projected to reach USD 34,906.7 million by 2030, growing at a CAGR of 31.6% 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ZF Group | View profile | 10001+ | Friedrichshafen, Baden-Wurttemberg, Germany, Europe | http://zf.com |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.bosch-india-software.com |
| Autoliv Inc | View profile | 70100 | Klarabergsviadukten 70, P.O. Box 70381, Section B7, Stockholm, Sweden, SE-107 24 | https://www.autoliv.com |
| Valeo SA | View profile | 112740 | 100, rue de Courcelles, Cedex 17, Paris, France, 75017 | https://www.valeo.com |
| HELLA GmbH & Co KGaA | View profile | 37743 | Rixbecker Strasse 75, Lippstadt, NW, Germany, 59552 | https://www.hella.com |
| NXP Semiconductors NV | View profile | 34200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | https://www.nxp.com |
| Denso Corp | View profile | 195471 | 1-1 Showa-cho, Kariya, Japan, 448-8661 | http://www.denso.co.jp |
| Continental AG | View profile | 200888 | Continental-Plaza 1, 30001, P.O. Box 1 69, Hanover, NI, Germany, 30175 | https://www.continental.com |
| Texas Instruments Inc | View profile | 34000 | 12500 TI Boulevard, Dallas, TX, United States, 75243 | https://www.ti.com |
| Infineon Technologies AG | View profile | 59364 | Am Campeon 1-15, Neubiberg, Munich, Germany, 85579 | https://www.infineon.com |
Global automotive radar market size, by regions, 2018-2030 (US$M)
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