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ADAS Radar Systems Market Analysis

  • Report ID: 3787
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

ADAS Radar Systems Market Analysis

Market Segmentation

Our in-depth analysis of the global ADAS radar systems market includes the following segments:

By Vehicle Type

  • Heavy Commercial Vehicle (HCV)
  • Light Commercial Vehicle (LCV)
  • Passenger Vehicle
  • Others

By System Type

  • Blind Spot Detection
  • Parking Assistance
  • Lane Departure Warning System
  • Autonomous Emergency Braking
  • Intelligent Headlights
  • Adaptive Cruise Control
  • Heads-up Display
  • Others

By Component

  • Radar
  • Lidar
  • Sensors
  • Camera
  • Others

Growth Drivers

  • Growing Global Demand for Premium and Luxury Cars
  • Advancement in Sensor Technology for Higher Safety

Challenges

  • High Cost of Manufacturing and Installation for ADAS
  • Poor Infrastructure in Emerging Economies

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Browse Key Market Insights with Data Illustration:

Author Credits:  Abhishek Verma


  • Report ID: 3787
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of ADAS radar systems is evaluated at USD 14.23 billion.

The ADAS radar systems market size was valued at USD 12.16 billion in 2024 and is set to exceed USD 42.98 billion by 2037, registering over 10.2% CAGR during the forecast period i.e., between 2025-2037. The growing demand for cars, and adoption of automated driving features in cars will boost the market growth

Asia Pacific industry is predicted to dominate majority revenue share of 38% by 2037, driven by presence of giant automobile manufacturing leaders in the region.

The major players in the market are Renesas Electronics Corporation, Robert Bosch GmbH, VALEO, Magna International Inc., DENSO Corporation, Continental AG, Aptiv plc, Hyundai Mobis (Hyundai Motor Group), Veoneer Inc., ZF Friedrichshafen AG
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