Automotive Radar Market to Reach $22.83 Billion by 2032, Growing at a CAGR of 23%

The automotive radar market is expected to grow from $5.36 billion in 2025 to $22.83 billion by 2032, with a CAGR of 23%. Radar technology underpins safety systems such as intelligent park assist and autonomous emergency braking, and 7X-GHz frequency systems are leading the market due to their superior resolution and range. Medium-range radars balance performance and cost, making them suitable for semi-autonomous and safety features. China holds the largest market share in Asia Pacific due to advancements in 4D mmWave radar technology and increased domestic production.

The automotive radar market is projected to experience significant growth, expanding from USD 5.36 billion in 2025 to USD 22.83 billion by 2032, with a compound annual growth rate (CAGR) of 23.0% [1]. This expansion is driven by a shift in industry focus from vehicle performance and fuel efficiency to prioritizing safety and convenience.

Radar technology plays a pivotal role in various advanced driver-assistance systems (ADAS), such as intelligent park assist, cross-traffic alert, and autonomous emergency braking. The introduction of 4D imaging radar systems, capable of high-resolution object detection, further underscores the importance of radar technology in advancing autonomous driving technologies [1].

The 7X-GHz frequency segment is expected to dominate the market during the forecast period. Radars operating at 77 GHz and 79 GHz offer superior resolution and range, making them essential for ADAS and autonomous driving technologies. These radars are crucial for functionalities such as adaptive cruise control, lane keeping assist, and automatic emergency braking. The growth in this segment is supported by government regulations mandating ADAS features, such as the EU's Vehicle General Safety Regulations [1].

Medium-range radars, which balance performance and cost, are also expected to hold a significant market share. These radars are suitable for features like adaptive cruise control, blind spot detection, and lane change assistance, making them ideal for both highway and urban driving scenarios. Vehicles such as the Mercedes-Benz C-Class and Toyota Camry incorporate these radars, reflecting their widespread application in semi-autonomous and safety features [1].

China is projected to hold the largest market share in the Asia Pacific region due to rapid advancements in 4D mmWave radar technology and increased domestic production. Companies like NIO and BYD are at the forefront, deploying innovative solutions such as NIO's Lixiang L60 with 4D imaging radar and BYD's God's Eye system for EVs under USD 10,000. These initiatives enhance ADAS accessibility and competitiveness in China's EV market [1].

The report provides detailed insights into key drivers, restraints, opportunities, and challenges affecting market growth. It also offers comprehensive information on upcoming technologies and R&D activities, making it an essential resource for market leaders and newcomers aiming to understand the automotive radar market and its subsegments [1].

References:
[1] https://www.businesswire.com/news/home/20250716232158/en/Automotive-Radar-Market-Report-2025-Growth-Projected-at-a-CAGR-of-23-to-2032---Unlocking-New-Business-Models-and-Smart-Mobility-Solutions-with-Automotive-Radar-Technology-Models---ResearchAndMarkets.com