Automotive Radar: The Backbone of Modern Vehicle Safety

Automotive Radar: The Backbone of Modern Vehicle Safety

As the demand for safety and automation continues to grow, automotive radar technology is revolutionizing how we navigate roads. From lane-keeping assistance to collision avoidance, radar systems play a critical role in enhancing vehicle perception and driving autonomy.

The automotive radar market is flourishing due to a confluence of factors. The primary driver is the surging demand for Advanced Driver-Assistance Systems (ADAS) and autonomous vehicles. These technologies heavily rely on radar for object detection and measurement, making it an essential component. Furthermore, stricter government regulations mandating vehicle safety features create a strong market tailwind. The rising popularity of premium and luxury cars packed with ADAS features is another positive factor propelling the market of automotive radar systems.

The global automotive radar market is projected to grow from USD 6.6 billion in 2024 to USD 33.6 billion by 2030, registering a CAGR of 31.1%.

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The 7X-GHz RADAR system is estimated to be the larger segment in 2024. At 77 GHz and 79 GHz, radar systems can achieve much higher resolutions, allowing for more precise detection and tracking of objects on the road. Additionally, due to the reduced cost and technical superiority over other bands driven by factors such as rising government regulations for vehicle safety and an increase in the adoption of automotive radar-based ADAS technology by OEMs. In July 2022, the EU released the Vehicle General Safety Regulations, focusing on road safety and autonomous vehicles. The regulations will apply to all new vehicles starting July 2024. The newer regulations include a series of mandatory ADAS features, categorized by cars and vans, buses and trucks. All road vehicles are expected to have intelligent speed assistance, attention warnings for driver drowsiness or distraction, event data recorders, and emergency stop signals.

4D imaging radar is an attractive opportunity, as it can offer better safety to the vehicle by providing precise information on range, velocity, elevation, and others. This can be attributed to its ability to capture 4D data points per frame. The use of dense and high-resolution point clouds will significantly affect the development of object classification, detection, and tracking based on radar data. 4D imaging radar does not have any performance limitations based on the weather and light conditions. This is not properly addressed by normal radar, which has led to LiDAR technology occupying the market. Object detection and classification will play a crucial role in offering safety to vehicles. The application of 4D imaging radar is expected to offer better performance for the detection and classification of objects, and this is likely to create opportunities in the automotive radar market.

Ashish K

Market Research Coordinator

3 周

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