Global Automotive Miniweb Radar Market Size (2024 - 2030)

According to a research report, the global automotive miniweb radar market size reached USD 5.76 billion and is anticipated to achieve USD 12.73 billion, showcasing a remarkable CAGR of 12% from 2024 to 2030. Factors such as increasing consumer preference for premium vehicles, a rise in the utilization of RADAR sensors per vehicle, expansion in the deployment of long-range RADAR, and the proliferation of autonomous vehicles are pivotal in driving the market's growth trajectory.

Automotive Industry Overview:

Within the automotive sector, RADAR technology stands out as a significant contributor, offering precise and accurate data, notably in speed and range detection, surpassing alternative sensors, particularly visual sensors. RADAR-based driver assistance systems furnish comprehensive information regarding a vehicle's surroundings, aiding drivers in preempting potential hazards. RADAR serves as the primary sensor for adaptive cruise control systems, playing a pivotal role in advanced driver aid mechanisms. It's crucial to note that automotive RADAR systems primarily aim to enhance navigational safety and mitigate risks such as traffic accidents, injuries, collisions, and pedestrian incidents. The automotive RADAR market is forecasted to witness substantial growth owing to escalating demand for safety-enhanced vehicles. In the realm of autonomous driving, RADAR, along with cameras, ultrasonic technology, and LiDAR, plays a vital role. Notably, RADAR excels in long-range detection, accurately gauging an object's distance and relative speed, thereby enhancing safety measures. The evolution of modern car radar systems has surmounted range and field of view limitations, facilitating the integration of adaptive cruise control. Start-ups foresee abundant opportunities in vehicle radar technology, driven by ongoing advancements.

The growth of the global automotive miniweb radar market is spurred by mounting concerns regarding pedestrian, driver, passenger, and vehicle safety, alongside increased involvement of ecosystem players. The impetus towards autonomous vehicles further fuels market expansion, supported by the escalating adoption of advanced driver assistance systems (ADAS) and favorable regulatory frameworks globally. Notably, stringent regulations in Europe have propelled the region to become a global leader in road safety. ADAS technologies, leveraging automotive radar, enable functionalities such as blind spot detection, side-impact detection, and adaptive cruise control, fostering a safer driving environment. Moreover, investments in automotive sector expansion across key regions including China, Japan, Germany, the UK, India, and the US contribute significantly to the burgeoning automotive RADAR market.

Impact of COVID-19 Pandemic on Automotive Miniweb Radar Market:

The COVID-19 pandemic has cast a shadow over the automotive industry, leading to substantial disruptions globally. Factory operations faced restrictions, disrupting supply chains and halting production. Consequently, R&D funding and the adoption of innovative technologies like vehicle radar were adversely affected. Stringent pandemic regulations impeded system testing, exacerbating the supply-demand gap for RADAR-related goods and services. The downturn in automotive sales further hampered R&D investments and technology adoption. However, post-pandemic, automotive miniweb radar solutions are poised to witness heightened demand, offering enhanced safety and comfort features in vehicles.

Market Drivers:

The burgeoning demand for safety features in automobiles propels the automotive miniweb RADAR market.

Escalating traffic accidents worldwide necessitate advanced safety functionalities such as lane departure warnings, collision avoidance systems, and traction control, driving the adoption of RADAR technology. ADAS, reliant on automotive radar, plays a pivotal role in identifying road objects, enhancing driver awareness, and automating certain vehicle functions, thereby mitigating road fatalities. Notably, the increasing adoption of smart and autonomous features in vehicles accentuates the significance of automotive radar, fostering its penetration during the forecast period.

The proliferation of ADAS features and the advent of autonomous vehicles under the Mobility as a Service (MaaS) model fuel market expansion.

The rapid adoption of autonomous vehicles in shared mobility services presents lucrative opportunities for the automotive radar market. Additionally, the growing demand for ADAS functionalities in vehicles drives market growth, with radars enabling various features crucial for autonomous driving, such as eye-tracking, speech recognition, and driver monitoring.

The adoption of long-range RADAR and escalating demand for enhanced driving comfort contribute to market expansion.

Consumers' preference for comfortable driving experiences drives the integration of safety technologies like adaptive cruise control, facilitated by automotive radar. Moreover, the rise in consumer spending power fuels the demand for driver assistance programs, bolstering the automotive RADAR market. Long-range radars, with their superior object detection capabilities, are increasingly deployed in autonomous vehicles, enhancing safety standards.

Market Restraints:

The high price of devices and services installation limits the development of automotive RADAR as it increases the overall cost of the automobile

The high cost associated with device installation and services impedes the widespread adoption of automotive RADAR, elevating the overall automobile cost. Radars, being essential for autonomous vehicle navigation, incur significant expenses, necessitating cost reduction measures to foster market growth.

Automotive radar faces challenges in equipment calibration and testing, hindering market expansion.

Despite being prevalent in premium models, automotive radar necessitates further development for broader market acceptance. Calibration of integrated antenna packages for optimal wireless coverage and radar steering controls pose calibration challenges, limiting the efficiency of automotive radar systems. As automotive radar equipment becomes more intricate, the need for sophisticated antenna configurations intensifies, presenting calibration complexities.

Automotive Miniweb Radar Market – By Range

• Long Range RADAR (LRR)
• Short & Medium Range RADAR (S&MRR)

The Automotive Miniweb Radar Market, categorized by range, comprises Long Range RADAR (LRR) and Short & Medium Range RADAR (S&MRR). Short & Medium Range RADAR (S&MRR) dominated the global market in 2021 and is expected to maintain a robust growth trajectory in the coming years. These radar systems are integral to vehicle safety, offering features such as blind spot identification, lane change assistance, and park assistance. The segment's expansion is anticipated to accelerate significantly due to declining prices and the necessity to install multiple RADARs per vehicle to enhance safety.

Automotive Miniweb Radar Market- By Frequency

• 2X-GHz
• 7X-GHz

Conversely, Long Range RADARs (LRRs) operate at 77 GHz, providing superior resolution and precision within a range of 80 to 200 meters. They are employed to detect objects over a wider field of view and measure the speed and distance of other vehicles. Directed antennas are utilized for better resolution in LRR systems.

In terms of frequency, the market is segmented into 2X-GHz and 7X-GHz bands. Short-range applications primarily utilize the 2X-GHz frequency ranges, offering cost-effective solutions without compromising performance. On the other hand, the 7X-GHz band provides capabilities for mid-range and long-range applications simultaneously. The adoption of 77-GHz RADAR technology is predicted to drive significant market growth due to its lower cost and technical superiority over other frequency bands.

Automotive Miniweb Radar Market – By Application

• Autonomous Emergency Braking (AEB)
• Blind Spot Detection (BSD)
• Forward Collision Warning System
• Adaptive Cruise Control (ACC)
• Intelligent Park Assist
• Other ADAS Applications

The market's applications encompass Autonomous Emergency Braking (AEB), Blind Spot Detection (BSD), Forward Collision Warning System, Adaptive Cruise Control (ACC), Intelligent Park Assist, and Other ADAS Applications. Intelligent park assist applications contributed significantly to market revenue in 2021, driven by increasing demand for parking assistance systems to mitigate rear-end collisions. Additionally, ACC systems are expected to witness notable growth, fueled by their widespread adoption and benefits for vehicle automation and safety.

Automotive Miniweb Radar Market - By Region:

• North America
• Europe
• Asia-Pacific
• Rest of the World

Geographically, North America, Europe, Asia-Pacific, and the Rest of the World are key regions in the Automotive Miniweb Radar Market. North America accounted for a substantial revenue share and is poised for continued growth, driven by increasing research and development activities in autonomous vehicles. Similarly, Europe is expected to maintain its market dominance, propelled by government initiatives for green and smart transportation. The Asia Pacific region is anticipated to exhibit the highest CAGR, supported by initiatives to revolutionize transportation and investments in the automotive industry.

Major Key Players in the Market

Some of the leading players in the global automotive miniweb radar market are

1. Analog Devices
2. Continental
3. Autoliv
4. Delphi Automotive LLP
5. Fujitsu
6. Infineon Technologies
7. NXP Semiconductors
8. Denso Corporation
9. Robert Bosch GmbH
10. STMicroelectronics
11. Valeo S.A.
12. Texas Instruments
13. ZF TRW Automotive

Notable happenings in the Global Automotive Miniweb Radar Market in the recent past:

• Product Launch- In January 2022, DENSO revealed that it has created the Global Safety Package 3*1, an active safety system intended to increase vehicle safety by enhancing its environment-sensing abilities.
• Acquisition- In May 2022, Infineon Technologies AG introduced In-cabin monitoring systems (ICMS)  equipped with the XENSIVTM 60 GHz automobile radar sensor. Highly dependable in-cabin monitoring systems are made possible by the XENSIVTM 60 GHz radar sensor for automobiles.  The small and reasonably priced chipset can also be used for applications like front-end radar for gesture sensing, high-resolution frequency modulated continuous wave (FMCW) radars for distance measurement, hidden sensing applications, and short-range sensing operation.
• Collaboration- In June 2022, Valeo and the BMW Group signed a significant contract regarding advanced driving assistance technologies. As part of a significant partnership, Valeo and the BMW group have agreed to supply the ADAS domain controller, sensors, and parking and maneuvering software for the "NeueKlasse"* platform generation that will be introduced by BMW in 2025.
• Product Launch- In January 2021, DENSO announced a partnership with Aeva, a U.S. business that specializes in LiDAR and perception systems, to create the next generation of sensing and perception technologies. Together, the firms will develop FMCW LiDAR, a ground-breaking technology that measures velocity in addition to depth and reflectivity, and introduce it to the mass vehicle market.
• Product Launch- In December 2020, NXP Semiconductors, unveiled a full line of new radar sensor chipset solutions that can enclose vehicles in a 360-degree safety cocoon and allow imaging radar's identification and classification capabilities. The solutions made up of brand-new NXP radar processors and 77GHz transceivers, give automakers adaptable and scalable configurations that meet NCAP standards for corner and front radar applications as well as the first approach to mass production for 4D imaging radar. Radar technology that uses 4D imaging can now measure direction, angle of arrival, and elevation in addition to range and speed. Together, these solutions demonstrate radar's progress as a key component of driver assistance systems and the aim to decrease the 1.3 million annual road fatalities.
• Expansion- In April 2019, Infineon Technologies AG announced its decision to increase the capacity of its Linz, Austria, production facility, which produces 77 gigahertz (GHz) radar chips for ADAS systems. The plant's expansion is anticipated to be finished in the summer of 2020.
• Investment- In September 2019, DENSO CORP. declared that it will spend USD 100.9 million (JPY 11 billion) to increase the production capacity of its Hokkaido manufacturing facility by 2025. The company aims to address the increasing demand for semiconductor sensors for radars and other automotive components with this expansion.