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Automotive RADAR - Global Market Trajectory & Analytics

  • ID: 4804400
  • Report
  • April 2021
  • Region: Global
  • 212 Pages
  • Global Industry Analysts, Inc
Global Automotive RADAR Market to Reach $14.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive RADAR estimated at US$4.4 Billion in the year 2020, is projected to reach a revised size of US$14.4 Billion by 2027, growing at a CAGR of 18.5% over the period 2020-2027. Long Range RADAR, one of the segments analyzed in the report, is projected to record 17.4% CAGR and reach US$5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Short & Medium Range RADAR segment is readjusted to a revised 19.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 23.4% CAGR

The Automotive RADAR market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2027 trailing a CAGR of 23.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.5% and 17% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.9% 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
Frequently Asked Questions about the Global Market for Automotive RADAR

What is the estimated value of the Global Market for Automotive RADAR?

The Global Market for Automotive RADAR was estimated to be valued at $4.4 Billion in 2020.

What is the growth rate of the Global Market for Automotive RADAR?

The growth rate of the Global Market for Automotive RADAR is 18.5%, with an estimated value of $14.4 Billion by 2027.

What is the forecasted size of the Global Market for Automotive RADAR?

The Global Market for Automotive RADAR is estimated to be worth $14.4 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Product Overview
  • A Prelude to Automotive RADAR Market
  • Global Market Overview
  • Indian Market Overview
  • Europe
  • Impact of Covid-19 and a Looming Global Recession
  • 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
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown
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