APAC Automotive Radar Market Statistics
- Projected growth from USD 2.69 billion in 2024 to USD 12.99 billion by 2030.
- CAGR of approximately 31% during the forecast period (2025-2030).
- Dominance of passenger vehicles segment with roughly 68% market share.
- 77 GHz radar systems constitute about 74% of the market value due to superior performance.
- Significant government support for electric vehicles promotes radar technology adoption.
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Research Report Overview
The Asia-Pacific (APAC) automotive radar market is at the forefront of technological innovations aimed at enhancing vehicle safety and driving comfort. Valued at approximately USD 2.69 billion in 2024, the market is anticipated to surge to USD 12.99 billion by 2030, propelled by the increasing adoption of Advanced Driving Assistance Systems (ADAS) and the rise of autonomous vehicles. With a projected CAGR of 31%, the APAC automotive radar market is thriving on the backbone of strict safety regulations, advancements in radar technology, and growing consumer demand for enhanced automotive features.
Key Players
- Robert Bosch GmbH
- Continental AG
- Denso Corporation
- Aptiv
- Autoliv Inc.
- Veoneer
- Valeo SA
- NXP Semiconductors NV
- HELLA GmbH & Co. KGaA
- Texas Instruments Incorporated
- ZF Friedrichshafen AG
- Others
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APAC Automotive Radar Market Challenges and Opportunities Ahead
The automotive radar market in the APAC region faces challenges such as the inability of some radar systems to distinguish multiple targets effectively, particularly in crowded environments. This limitation can affect the reliability and efficiency of radar technology, posing a restraint to its adoption. However, the opportunity lies in the increasing government initiatives aimed at promoting electric vehicles and enhancing safety features, which can significantly drive the demand for automotive radar systems. The convergence of advanced technologies, such as LiDAR and camera systems with radar, delivers an enriching potential for developing next-generation automotive radar products.
Market Segmentation and Geography
Market Divided, By Range:
- Short Range Radar
- Medium Range Radar
- Long Range Radar
Market Divided, By Propulsion:
- Internal Combustion Engine (ICE)
- Electric
Market Divided, By Vehicle Type:
- Passenger Vehicles
- Commercial Vehicles (Light Commercial Vehicles, Heavy Commercial Vehicles)
Market Divided, By Frequency:
- 24 GHz System
- 77 GHz System
- 81 GHz System
Market Divided, By Application:
- Adaptive Cruise Control
- Autonomous Emergency Braking
- Blind Spot Detection
- Forward Collision Warning Systems
- Intelligent Parking Assistance
- Cross Traffic Alerts
- Lane Departure Warning Systems
- Traffic Jam Assistance
- Others
Market Divided, By Country:
- China
- Japan
- India
- South Korea
- Thailand
- Australia
- Rest of Asia-Pacific
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Research Methodology
- Comprehensive market analysis leveraging historical and projected data.
- Data triangulation approach for validating market estimates.
- Segmentation driven by qualitative and quantitative research methods.
- In-depth exploration of market dynamics, including growth drivers and challenges.
- Primary and secondary research to gather insights from industry experts and data sources.
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