Automotive Radar Sensors Market size was valued at USD 4.56 Billion in 2024 and is projected to reach USD 12.67 Billion by 2033, exhibiting a CAGR of 12.3% from 2026 to 2033.
The global automotive radar sensors market was valued at approximately USD 5.7 billion in 2022 and is expected to grow at a CAGR of 20.2% from 2023 to 2030. The demand for automotive radar sensors has seen a significant increase with the growing trend of autonomous vehicles and advanced driver assistance systems (ADAS). North America held the largest market share in 2022, accounting for around 35% of the total market, driven by high vehicle adoption and technological advancements. The European market followed closely, contributing approximately 30% to the global market share, owing to strict government regulations regarding vehicle safety and a significant presence of leading automotive manufacturers. In Asia Pacific, the market is projected to witness the highest growth rate, with an expected CAGR of 22.3%, driven by the rise in automotive production and the increasing focus on smart mobility solutions. In terms of opportunities, the increasing penetration of radar sensors in electric vehicles (EVs) and the expansion of ADAS features such as collision detection, lane departure warning, and adaptive cruise control are expected to offer substantial growth prospects. Furthermore, the development of 77 GHz radar sensors is anticipated to drive market innovation and create new avenues for adoption in next generation vehicles. The presence of developing markets such as China and India presents opportunities for manufacturers to expand their reach due to the growing automotive industry in these regions. Additionally, advancements in sensor miniaturization, integration of radar sensors with other sensor technologies, and the demand for improved safety features are expected to fuel market expansion during the forecast period.
Get | Download Sample Copy with TOC, Graphs & List of Figures @ http://verifiedmarketreports.com/download-sample/?rid=526587&utm_source=Google site_G_May&utm_medium=235
Park Assist Systems
ACC
BSD
AEBS
LDWS
PPS
Others
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. 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.
Get Discount On The Purchase Of This Report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=526587&utm_source=Google site_G_May&utm_medium=235
Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Radar Sensors Market
Short-Range Radar
Medium-Range Radar
Long-Range Radar
24 GHz
76 GHz
77 GHz
Adaptive Cruise Control (ACC)
Collision Avoidance Systems
Blind Spot Detection
Automatic Emergency Braking (AEB)
Parking Assistance Systems
Teen Driver Technology
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles
Autonomous Vehicles
Original Equipment Manufacturer (OEM)
Aftermarket
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ https://www.verifiedmarketreports.com/product/automotive-radar-sensors-market-size-and-forecast/
1. Introduction of the Global Automotive Radar Sensors 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. Global Automotive Radar Sensors Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Radar Sensors Market, By Type
6. Global Automotive Radar Sensors Market, By Application
7. Global Automotive Radar Sensors Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive Radar Sensors Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/