North America 4D Imaging Radar Market Size, Share & Trends Analysis Report By Type (Short Range Radar, Medium Range Radar, and Long Range Radar) By Application, By Country and Growth Forecast, 2024 - 2031

Analysis of Market Size & Trends

The North America 4D Imaging Radar Market would witness market growth of 16.8 % CAGR during the forecast period (2024-2031).

The US market dominated the North America 4D Imaging Radar Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,282.3 Million by 2031. The Canada market is experiencing a CAGR of 19.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 18.3% during (2024 - 2031).

The 4D imaging radar market refers to the sector focused on the development, production, and deployment of advanced radar systems capable of providing four-dimensional imaging data. 4D imaging radar is transforming numerous sectors through its advanced capabilities.

Additionally, 4D imaging radar can continuously track multiple objects, such as vehicles and pedestrians, in real-time, enabling features like automatic lane changing and collision avoidance. The radar system can assess the speed and distance of surrounding vehicles, providing crucial data for safe merging into fast-moving highway traffic.

The rising automotive sector in Mexico significantly influences the growth of the 4D imaging radar market, driven by the country’s strategic position as a major automotive manufacturing hub. With an impressive production rate of approximately 3.5 million cars annually, Mexico ranks seventh in passenger car manufacturing, according to the International Trade Administration (ITA). This robust production capacity positions Mexico as a key player in the automotive supply chain, particularly in the North American market, where 76% of the vehicles produced are exported to the United States.

Free Valuable Insights: The 4D Imaging Radar Market is Predict to reach USD 8.6 Billion by 2031, at a CAGR of 17.3%

Based on Type, the market is segmented into Short Range Radar, Medium Range Radar, and Long Range Radar. Based on Application, the market is segmented into Automotive, Aerospace & Defense, Security & Surveillance, Traffic Monitoring & Management, and Other Application.  Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Robert Bosch GmbH
• ZF Friedrichshafen AG
• Aptiv PLC
• Renesas Electronics Corporation
• Continental AG
• Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
• NXP Semiconductors N.V.
• Thales Group S.A.
• Texas Instruments, Inc.
• NVIDIA Corporation

North America 4D Imaging Radar Market Report Segmentation

By Type

• Short Range Radar
• Medium Range Radar
• Long Range Radar

By Application

• Automotive
• Aerospace & Defense
• Security & Surveillance
• Traffic Monitoring & Management
• Other Application

By Country

• US
• Canada
• Mexico
• Rest of North America