Using frequency modulated continuous wave (FMCW), radar sensors are ideally used for collision avoidance and other technology-driven safety features in the vehicles. Market Research Future (MRFR) has published a research report about the global Automotive Radar Sensors Industry that foresees the massive gains at 19.26% CAGR (Compound Annual Growth Rate) for this market between 2017 and 2023.

The pivotal factors driving the growth of global Automotive Radar Sensors Industry are increased the need for safety, rapid technology innovation, and stringent government regulations. Other factors aiding the market growth are growing electrification & mobility in the automotive industry, the increase in the production of the passenger as well as commercial vehicle, and lastly, the increase in the number of safety features.

Based on range, the market has been segmented into short range, medium range, and long range. During the forecast period, the short-range radar sensors segment is expected to hold the major market share due to the wide use of those sensors in adaptive cruise control systems. By vehicle type, the market has been segmented into the passenger car and commercial vehicle.

Europe has been estimated to be the second largest regional market due to increase production of the passenger as well as commercial vehicles. Other factors aiding market growth in this region are the presence of many key market players and technological advancement that is second only to North America. The vital country-specific markets in this region are France, Germany, Italy, and the UK, followed by the remaining countries of Europe. The Asia Pacific region is another crucial regional market due to high disposable income and growing sales of automobiles. The major country-specific markets in this region are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.

Key Players

The key players in the global Automotive Radar Sensors Industry include Autoliv Inc. (Sweden), Continental AG (Germany), Denso Corporation (Japan), First Sensor AG (Germany), Fujitsu Ten Ltd. (Japan) HELLA KGaA (Germany), Infineon Technologies AG (Germany), InnoSenT - Innovative Radar Sensor Technology (Germany), Kestrel Radar Sensors (England), NXP Semiconductors N.V (Netherlands), Robert Bosch GmbH (Germany), Texas Instruments Incorporated. (USA), Valeo S.A (France), and ZF Friedrichshafen AG (Germany).