May 26, 2024

Radar Sensors Market Size To Rake USD 39.37 Bn By 2032

The radar sensors market size is poised to grow by USD 39.37 billion by 2032 from USD 13.11 billion in 2023, exhibiting a CAGR of 13% during the forecast period 2023-2032. 

Key Takeaways

  • Europe contributed more than 41% of revenue share in 2022.
  • Asia-Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
  • By device type, the imaging segment has held the largest market share of 61% in 2022.
  • By device type, the non-imaging segment is anticipated to grow at a remarkable CAGR of 15.2% between 2023 and 2032.
  • By range, the medium range segment generated over 43% of revenue share in 2022.
  • By range, the short-range segment is expected to expand at the fastest CAGR over the projected period.
  • By end user, the automotive segment generated over 31% of revenue share in 2022.
  • By end user, the environment and weather monitoring segment is expected to expand at the fastest CAGR over the projected period.

The Radar Sensors Market is a dynamic sector witnessing significant growth due to the escalating demand for advanced driver-assistance systems (ADAS) and autonomous vehicles. Radar sensors play a crucial role in enhancing safety and navigation capabilities in various industries, ranging from automotive to aerospace.

Radar Sensors Market Size 2023 To 2032

Growth Factors

The market’s growth is primarily driven by the increasing adoption of radar sensors in automotive applications, such as collision avoidance systems and adaptive cruise control. The rise in demand for smart infrastructure and smart cities also contributes to the expansion of radar sensor applications in traffic management and surveillance systems.

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Radar Sensors Market Scope

Report Coverage Details
Growth Rate from 2023 to 2032 CAGR of 13%
Market Size in 2023 USD 13.11 Billion
Market Size by 2032 USD 39.37 Billion
Largest Market Europe
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered By Device Type, By Range, and  By End User
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Region Snapshot

The Radar Sensors Market exhibits a global presence, with key regions including North America, Europe, Asia-Pacific, and emerging markets in Latin America and the Middle East. North America, in particular, is a major hub for technological advancements, fostering a robust market for radar sensors.

Drivers:

The main drivers propelling the Radar Sensors Market forward include the continuous development of radar technology, the need for improved safety features in vehicles, and the growing investments in smart infrastructure projects worldwide. Additionally, regulatory mandates emphasizing vehicle safety standards significantly boost the demand for radar sensors.

Challenges:

Despite its growth, the market faces challenges such as high implementation costs and the complexity associated with integrating radar sensor technologies into existing systems. Moreover, concerns about privacy and data security in connected vehicles pose additional hurdles for market expansion.

Opportunities:

Opportunities within the Radar Sensors Market lie in the increasing applications of radar sensors beyond automotive, including industrial automation, healthcare, and defense. Advancements in radar technology, such as the development of millimeter-wave radar and 4D imaging radar, present avenues for innovation and market growth.

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Radar Sensors Market Players

  • Texas Instruments
  • Infineon Technologies
  • NXP Semiconductors
  • Analog Devices
  • STMicroelectronics
  • Bosch Sensortec
  • Qualcomm Technologies
  • Honeywell International Inc.
  • Continental AG
  • Denso Corporation
  • Delphi Automotive (Aptiv)
  • Hella KGaA Hueck & Co.
  • Lockheed Martin Corporation
  • Raytheon Technologies Corporation
  • Northrop Grumman Corporation

Segments Covered in the Report

By Device Type

  • Imaging
  • Non imaging

By Range

  • Short range
  • Medium range
  • Long range

By End User

  • Automotive
  • Aerospace and Defense
  • Environment and Weather Monitoring
  • Industrial
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Radar Sensors Market 

5.1. COVID-19 Landscape: Radar Sensors Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Radar Sensors Market, By Device Type

8.1. Radar Sensors Market Revenue and Volume, by Device Type, 2023-2032

8.1.1 Imaging

8.1.1.1. Market Revenue and Volume Forecast (2020-2032)

8.1.2. Non imaging

8.1.2.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 9. Global Radar Sensors Market, By Range

9.1. Radar Sensors Market Revenue and Volume, by Range, 2023-2032

9.1.1. Short range

9.1.1.1. Market Revenue and Volume Forecast (2020-2032)

9.1.2. Medium range

9.1.2.1. Market Revenue and Volume Forecast (2020-2032)

9.1.3. Long range

9.1.3.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 10. Global Radar Sensors Market, By End User 

10.1. Radar Sensors Market Revenue and Volume, by End User, 2023-2032

10.1.1. Automotive

10.1.1.1. Market Revenue and Volume Forecast (2020-2032)

10.1.2. Aerospace and Defense

10.1.2.1. Market Revenue and Volume Forecast (2020-2032)

10.1.3. Environment and Weather Monitoring

10.1.3.1. Market Revenue and Volume Forecast (2020-2032)

10.1.4. Industrial

10.1.4.1. Market Revenue and Volume Forecast (2020-2032)

10.1.5. Others

10.1.5.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 11. Global Radar Sensors Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.1.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.1.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.1.4.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.1.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.1.5.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.1.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.2.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.2.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.2.4.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.2.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.2.5.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.2.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.2.6.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.2.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.2.7.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.2.7.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.3.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.3.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.3.4.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.3.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.3.5.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.3.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.3.6.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.3.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.3.7.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.3.7.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.4.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.4.4.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.4.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.4.5.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.4.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.4.6.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.4.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.4.7.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.4.7.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.5.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.5.4.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.5.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Device Type (2020-2032)

11.5.5.2. Market Revenue and Volume Forecast, by Range (2020-2032)

11.5.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)

Chapter 12. Company Profiles

12.1. Texas Instruments

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Infineon Technologies

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. NXP Semiconductors

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Analog Devices

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. STMicroelectronics

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Bosch Sensortec

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Qualcomm Technologies

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Honeywell International Inc

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Continental AG

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Denso Corporation

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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