Automotive Industry Shifts Focus from Performance to Safety and Convenience Driving Growth
Automotive Radar Market
Dublin, July 09, 2025 (GLOBE NEWSWIRE) -- The "Automotive Radar Market by Range, Vehicle Type, Frequency, EV Type, Mounting, Application, and Region - Global Forecast to 2032" has been added to ResearchAndMarkets.com's offering.
The automotive radar market is forecasted to grow from USD 5.36 billion in 2025 to USD 22.83 billion by 2032, at a CAGR of 23.0%
This report is essential for market leaders and newcomers aiming to understand revenue approximations for the automotive radar market and its subsegments. It aids stakeholders in comprehending the competitive landscape, making strategic decisions, and identifying growth opportunities. Insights into product development, market diversification, and competitive assessments of major industry players are included.
This growth reflects a pivotal shift in the industry from prioritizing vehicle performance and fuel efficiency to focusing on safety and convenience. Radar technology underpins many critical safety systems 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 cements radar's crucial role in advancing autonomous driving technologies.
The 7X-GHz frequency segment to dominate market during the forecast period
The 7X-GHz radar systems, particularly those at 77 GHz and 79 GHz, are poised to lead the market due to their superior resolution and range, essential for ADAS and autonomous driving technologies. These radars are vital for functionalities including adaptive cruise control, lane keeping assist, and automatic emergency braking. This surge is supported by government regulations like the EU's Vehicle General Safety Regulations, mandating ADAS features.
Innovative product developments are seen from key players. For instance, Bosch introduced SoC solutions for radar systems at the electronica 2024 trade fair, underscoring 7X-GHz technology's role in future automotive safety. These developments illustrate the critical impact that 7X-GHz radar will have, driving vehicular safety and automation forward.
Medium-range radar to hold significant market share during forecast period
Medium-range radars balance performance and cost, making them suitable for features like adaptive cruise control, blind spot detection, and lane change assistance. With a range of 30 to 80 meters, they are ideal for both highway and urban driving scenarios. Vehicles like the Mercedes-Benz C-Class and Toyota Camry incorporate these radars, reflecting their widespread application in semi-autonomous and safety features.
Their versatility across different driving conditions and increased incorporation in mid-range and premium vehicles solidifies their market position as automakers continue to prioritize safety and automation.
China to hold largest market share in Asia Pacific during forecast period
China maintains a leading position due to rapid advancements in 4D mmWave radar technology and increased domestic production. Companies like NIO and BYD are at the forefront with innovations such as NIO's Lixiang L60 deploying 4D imaging radar and BYD's God's Eye system for EVs under USD 10,000, enhancing ADAS accessibility and competitiveness in China's EV market.
This growth is supported by Chinese OEMs adopting aggressive strategies like the 5-radar approach for advanced autonomous features. These initiatives will bolster the automotive radar market's trajectory throughout the forecast period.
Reasons to Buy this Report:
Analysis of key drivers, restraints, opportunities, and challenges affecting market growth.
Detailed insights into upcoming technologies and R&D activities.
Comprehensive information on lucrative markets across different regions.
Exhaustive information about new products, untapped geographies, and investments.
In-depth assessment of market shares and strategies of leading market players.
Key Attributes:
Report Attribute
Details
No. of Pages
319
Forecast Period
2025 - 2032
Estimated Market Value (USD) in 2025
$5.36 Billion
Forecasted Market Value (USD) by 2032
$22.83 Billion
Compound Annual Growth Rate
23.0%
Regions Covered
Global
Market Dynamics
Drivers
Surging Demand for ADAS and Technological Advancements to Drive Growth
Increasing Reliance on Doppler Frequency Shift Technology
Advancements in 7X-GHz Radar Technology
Integration with Electric and Connected Vehicles
Challenges
Inability to Distinguish Multiple Targets
Varying Weather Conditions Affecting Radar Performance and Reliability
Opportunities
Rising Demand for Autonomous Vehicles
Unlocking New Business Models and Smart Mobility Solutions with Automotive Radar Technology Models
Growing Adoption of 4D Imaging Radar for Enhanced Safety, Autonomy, and Cost-Effective Sensor Fusion in Next-Gen Vehicles
Case Studies
Continental Implemented 4D Imaging Radar Technology with Sophisticated MIMO Architecture
NXP Developed SAF85xx Family of Radar SOCs to Overcome Limitations of Existing Radar Systems
Robert Bosch Leveraged Synthetic Aperture Radar (SAR) Technology to Overcome Limitations of Traditional Automotive Radar Systems
Vector & Rohde and Schwarz HIL System Collaborated to Offer Solution for Comprehensive Testing Environment
Industry Trends
Trends and Disruptions Impacting Customer Business
Company Profiles
Robert Bosch GmbH
Continental AG
Aptiv
Denso Corporation
NXP Semiconductors
Ficosa Internacional SA
Infineon Technologies AG
Valeo
ZF Friedrichshafen AG
Texas Instruments Incorporated
Magna International Inc.
Renesas Electronics Corporation
HL Klemove
Ambarella International LP
Astemo, Ltd.
Kyocera Corporation
Samsung Electro-Mechanics
Hyundai Mobis
Stonkam Co. Ltd.
Brigade Electronics Group PLC
LG Electronics
Vayyar Automotive
STMicroelectronics
Novelic
Huawei Technologies Co. Ltd.
Hella GmbH & Co. KGaA
Spartan Radar, Inc.
Bitsensing Inc.
Altos Radar
Lunewave Inc.
NPS (Neural Propulsion Systems, Inc)
For more information about this report visit https://www.researchandmarkets.com/r/uftyme
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
Automotive Radar Market
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Melden Sie sich an, um Ihr Portfolio aufzurufen.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
Forvia SE (FURCF) H1 2025 Earnings Call Highlights: Navigating Growth Amidst Market Challenges
Revenue: EUR13.5 billion, up 1.1% organically. Product Sales Growth: Increased by 2.9%. Operating Margin: Improved by 20 basis points to 5.4%. Net Cash Flow: EUR418 million, driven by stronger EBITDA and reduced CapEx. Net Debt Reduction: Decreased by EUR193 million to EUR6.3 billion. Leverage Ratio: Reduced to 1.8 times. Order Intake: EUR14 billion, with Asia and Electronics as key growth drivers. Net Loss: EUR269 million, impacted by a EUR136 million charge related to SYMBIO. Cost Reduction: EUR90 million reduction in fixed costs. CapEx Reduction: Tangible CapEx down 35%. Currency Impact: Negative 1.5% impact on revenues due to currency effects. Warning! GuruFocus has detected 8 Warning Signs with FURCF. Release Date: July 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Forvia SE (FURCF) reported an increase in operating margin by 20 basis points to 5.4%, supported by strict cost control and effective tariff mitigation. The company achieved significant net cash flow improvement, reaching EUR418 million, driven by stronger EBITDA and reduced CapEx. Forvia SE (FURCF) reduced its net debt by almost EUR200 million, lowering the leverage ratio to 1.8 times. The company secured EUR14 billion in new orders, with strong commercial success in China, accounting for 30% of global order intake. The Electronics business recorded strong commercial success, representing 34% of the order intake, with significant orders in zone controllers and battery management systems. Negative Points Forvia SE (FURCF) posted a net loss of EUR269 million in H1, primarily due to a non-cash charge related to SYMBIO and high restructuring charges. The company experienced a 0.4% decline in reported sales due to negative currency effects, impacting revenues by 1.5%. Organic growth of 1.1% represented an underperformance of 2 points compared to global automotive production. The Interiors division faced operational challenges in North America, impacting profitability. The company is facing uncertainty and volatility in the automotive market, with a forecasted 2.2% decline in production compared to H2 of the prior year. Q & A Highlights Q: Can you discuss the sustainability of the impressive CapEx decline and what you are targeting for the second half of the year? A: Martin Fischer, CEO: We have worked on CapEx and R&D very carefully, achieving true reductions in gross R&D and maintaining a strict regime on CapEx. Some program delays helped hold CapEx back in H1. We expect to maintain good discipline in H2, but the reduction might not be as significant as in H1. Q: With the new restructuring plan, Simplify, can you provide more details on the phasing of expected savings and restructuring costs? A: Martin Fischer, CEO: Project Simplify is a longer-term effort spanning three years, aiming for EUR110 million in savings by 2028, with restructuring costs of EUR150 million spread over 2026-2028. We aim to achieve 40% of the savings by 2026. Q: Regarding disposals, should we expect any significant disposals by the next Capital Markets Day? A: Martin Fischer, CEO: We are working full speed on disposals and have received positive market feedback. We are committed to reducing the leverage ratio to 1.5 times by next year, but the timing of disposals will depend on negotiations. Q: Can you comment on the plan to improve the profitability of the Interior division? A: Martin Fischer, CEO: We have seen improvements but need to address operational challenges in North America. We are reinforcing teams and leadership, focusing on becoming more locally adapted, and implementing the FORVIA Excellence System to drive improvements. Q: What are your goals for gross debt reduction and ideal cash balance in the intermediate term? A: Olivier Durand, CFO: Our objective is to be below 1.5 times leverage by the end of 2026, with a midterm goal of EUR3.5 billion in gross cash. We aim for investment-grade eligibility, targeting a leverage ratio around 1.2 times. Q: How do you plan to improve the outperformance of the business in China? A: Martin Fischer, CEO: We have a strong local team empowered to cater to customer needs, focusing on cost efficiency and innovation. We aim to be first to market with new products, leveraging local competencies and speed to market. Q: Can you update on the factoring program for this year and next? A: Olivier Durand, CFO: We are committed to keeping factoring below EUR1.3 billion, which is a cap we have maintained since acquiring HELLA. This is one of our funding sources, and we monitor its cost and value closely. Q: With better-than-expected free cash flow in H1, why not increase the full-year guidance? A: Olivier Durand, CFO: We confirm our guidance to be above last year's EUR655 million. While H1 results are encouraging, we must consider potential volume declines and increased restructuring in H2. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 minutes ago
- Yahoo
China's soymeal glut raises demand doubts ahead of US soybean export season
By Ella Cao and Naveen Thukral BEIJING/SINGAPORE (Reuters) -China's appetite for soybeans is likely to weaken during the peak U.S. marketing season later this year, as record imports earlier in 2025 and tepid demand from animal feed producers have pushed up soymeal inventories at home, trade sources said. The world's biggest soybean importer has yet to book U.S. cargoes for the fourth quarter, with traders closely monitoring talks in Stockholm aimed at resolving longstanding economic disputes at the centre of the U.S.-China trade war. A slowdown in Chinese demand could pressure Chicago soybean futures, which are already down for a second consecutive week on expectations of a bumper U.S. harvest. [GRA/] China's soymeal futures fell for a fourth straight session on Tuesday amid ample supplies. In the physical market, spot soymeal in north China was quoted at 2,925 yuan ($408) per metric ton, down 6.5% from 3,130 yuan a year ago, said Wang Wenshen, an analyst at Shandong province-based consultancy Sublime China Information. "If third-quarter prices stay weak and crushers face losses, fourth-quarter soybean purchases may fall short of expectations," Wang said. The last quarter of the year is typically the main U.S. soybean marketing season. China's overall soybean imports hit a record high in May and their second-highest level in June, boosting oilseed processing and leading to a buildup in soymeal inventories, traders said. CRUSHER SHUTDOWNS The surplus is straining China's crushing plants, with some already shutting down due to storage constraints. "Small-scale shutdowns have already begun at crushing plants in regions like south China primarily because soybean meal has accumulated with no room for more stock," said a Shanghai-based trader, adding that a broader suspension was "highly likely". Crush margins in Rizhao, China's main processing hub, have been negative since mid-May. The glut has been worsened by weak demand from animal feed producers amid sluggish meat consumption in the world's top pork market. Crushers will face "huge soymeal stock pressure" over the next one to two months, said Cheang Kang Wei, vice president at StoneX in Singapore. Authorities have pledged to cut breeding sow numbers, curb new capacity, and reduce soymeal use in feed to stabilise meat prices after steep declines this year, measures analysts say will further limit soymeal consumption. China's purchases of Argentine soymeal, amid high tariffs of U.S. beans, in the last few weeks are likely to add to the glut. "Even with such big supply of soymeal in the local market, it is profitable to import meal from Argentina," said a Singapore-based trader at an international trading company. "This will only add to the stocks of soymeal." A trade deal with Washington could shift buying patterns. "If a trade deal is reached, Chinese buyers could resume U.S. purchases for the fourth quarter, as prices are favourable without tariffs," said Johnny Xiang, founder of Beijing-based AgRadar Consulting. ($1 = 7.1767 Chinese yuan)
Bloomberg
10 minutes ago
- Bloomberg
Nomura Profit Exceeds Estimates on Stock Trading Boom
By and Ryo Horiuchi Updated on Save Nomura Holdings Inc. 's profit beat expectations last quarter, as the Japanese firm joined the equity trading boom that fueled earnings for Wall Street banks. Net income rose 52% from a year earlier to ¥104.6 billion ($706 million) in the fiscal first quarter ended June 30, Japan's biggest brokerage said in a statement Tuesday.
