$24.2 Billion Worldwide Automotive RADAR Industry to 2030 - Stringent Vehicle Safety Regulations Drive the Adoption of RADAR Technology
Global Market for Automotive RADAR
Dublin, Feb. 08, 2023 (GLOBE NEWSWIRE) -- The "Automotive RADAR - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Automotive RADAR estimated at US$6.4 Billion in the year 2022, is projected to reach a revised size of US$24.2 Billion by 2030, growing at a CAGR of 18.1% over the analysis period 2022-2030.
Short & Medium Range RADAR, one of the segments analyzed in the report, is projected to record 19% CAGR and reach US$16.3 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Long Range RADAR segment is readjusted to a revised 16.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 26.1% CAGR
The Automotive RADAR market in the U.S. is estimated at US$1.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.9 Billion by the year 2030 trailing a CAGR of 26.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.2% and 15.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.1% CAGR.
Select Competitors (Total 42 Featured) -
Analog Devices, Inc.
Aptiv PLC
Autoliv, Inc.
Continental AG
Denso Corporation
HELLA GmbH & Co. KGaA
Infineon Technologies AG
NXP Semiconductors NV
Robert Bosch GmbH
Texas Instruments, Inc.
Valeo SA
ZF Friedrichshafen AG
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
Report Metrics:
Report Attribute | Details |
No. of Pages | 244 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $6.4 Billion |
Forecasted Market Value (USD) by 2030 | $24.2 Billion |
Compound Annual Growth Rate | 18.1% |
Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Product Overview
A Prelude to Automotive RADAR Market
Global Market Overview
Indian Market Overview
Europe
Automotive RADAR - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Stringent Vehicle Safety Regulations Drive the Adoption of RADAR Technology
Concern over Automotive Safety Increases the usage of Radar-Based Safety Systems
Technology Trends and Innovations
Rise in Premium Segment Vehicles Sales Demands the Usage of ADAS Technology
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/np7q67-radar?w=12
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