A vehicular forward-sensing system includes a radar sensor and a forward viewing image sensor disposed within a windshield electronics module that is removably installed within an interior cabin at a windshield of a vehicle. A control is responsive to outputs of the radar sensor and of the image sensor. The image sensor captures image data for an automatic headlamp control system of the vehicle and for a lane departure warning system of the vehicle. The image sensor views and the radar sensor senses an object present in the path of forward travel of the vehicle. The control determines that the object is an object of interest based at least in part on the image sensor viewing the object present in the path of forward travel of the vehicle and the radar sensor sensing the object present in the path of forward travel of the vehicle.