South Korea Autonomous Driving Radar Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 18.7% from 2024 to 2030.
The South Korea Autonomous Driving Radar Market has witnessed significant growth in recent years, driven by advancements in technology and increasing demand for autonomous vehicles. Radar systems, crucial for the operation of self-driving cars, provide real-time data on the surrounding environment, ensuring vehicle safety and performance. These systems are integral to the vehicle's ability to detect obstacles, pedestrians, and other vehicles, making them an essential component in the development of fully autonomous vehicles.
The autonomous driving radar market in South Korea is characterized by its diversity in types and requirements from various industries. The radar systems in these vehicles generally fall into two categories: short-range and long-range radar systems. Short-range radar systems are primarily used for close-range applications, such as parking assistance and collision avoidance. In contrast, long-range radar systems are crucial for detecting obstacles at a greater distance, enabling the vehicle to react to potential hazards well in advance.
Industries such as automotive, robotics, and logistics are increasingly relying on autonomous driving radar systems for enhanced efficiency and safety. For the automotive industry, radar systems are essential for achieving the level of automation needed for self-driving cars. These systems help the vehicle navigate roads autonomously by detecting objects and ensuring safe distances are maintained. The logistics sector also benefits from autonomous driving radar technology, as it allows for safer and more efficient transport of goods, reducing human intervention and the risk of accidents.
With the growth of autonomous vehicle adoption in South Korea, the demand for radar systems is expected to increase. Industries are looking for radar technologies that not only provide accurate real-time data but are also cost-effective, reliable, and capable of functioning under various environmental conditions. The integration of radar systems with other sensors, such as LiDAR and cameras, is crucial to achieving a seamless and robust autonomous driving experience.
South Korea's government is also playing a role in the expansion of the autonomous driving radar market by implementing policies that promote research and development in autonomous technologies. These efforts are expected to accelerate the growth of radar systems as an essential component of future autonomous vehicles, positioning South Korea as a leader in the global autonomous driving radar market.
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Spartan Radar
SGR Semiconductors
Microbrain
Axon Pulse
Sencept
Navtech Radar
GPR
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Veoneer
Ainstein AI
EchoDrive
Continental
Zendar
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Autonomous Driving Radar Market
FMCW Radar
Pulse Radar
Hybrid Radar
Short Range Radar
Medium Range Radar
Long Range Radar
Adaptive Cruise Control (ACC)
Collision Avoidance System
Park Assist System
Autonomous Emergency Braking (AEB)
Lane Change Assistance
OEM (Original Equipment Manufacturer)
Aftermarket
Passenger Cars
Commercial Vehicles
Electric Vehicles
Autonomous Vehicles
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Autonomous Driving Radar Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Autonomous Driving Radar Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Autonomous Driving Radar Market, By Type
6. South Korea Autonomous Driving Radar Market, By Application
7. South Korea Autonomous Driving Radar Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Autonomous Driving Radar Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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