The Radar Sensor Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Radar Sensor Market?
The size of the radar sensor market has seen significant growth recently. It is projected to increase from $14.43 billion in 2024 to $16.62 billion in 2025, with a compound annual growth rate (CAGR) of 15.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Radar Sensor Industry?
The Radar Sensor Global Market Report 2025 market is predicted to grow to $26.92 billion in 2029, with a compound annual growth rate (CAGR) of 12.8%.
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What are the Key Growth Drivers Fueling the Radar Sensor Market?
The key drivers in the radar sensor market are:
• Rising demand for short-range radar sensors in vehicles, smart city infrastructure, and consumer electronics
• Increase in the number of autonomous cars
• Greater emphasis on security and safety needs, boosting innovative transportation and traffic management systems
• Expansion in IoT and connected devices, with a key focus on environmental sensing.
Global Market Segmentation: Identifying Major Radar Sensor Industry Segments
The radar sensor market covered in this report is segmented –
1) By Type: Imaging Radar, Non-imaging Radar
2) By Range: Short-Range Radar Sensor, Medium-Range Radar Sensor, Long-Range Radar Sensor
3) By Application: Air Traffic Control, Remote Sensing, Ground Traffic Control, Space Navigation And Control, Other Applications
4) By End User: Automotive, Aerospace And Defense, Environment And Weather Monitoring, Industrial, Other End Users
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What are the Emerging Trends Shaping the Future of the Radar Sensor Market?
The key trends in the radar sensor market are:
• The integration of radar sensors in autonomous vehicles is a key emerging trend.
• The application of short-range radar for urban uses is becoming increasingly popular.
• Enhanced safety features in vehicles involving radar sensors are becoming a trend.
• The industry is witnessing a rise in the use of radar sensors in IoT and connected devices, as well as for environmental sensing.
Who Are the Top Competitors & Leading Players in the Radar Sensor Market?
Major companies in the radar sensor market are:
• Robert Bosch GmbH
• Raytheon Technologies Corporation
• Lockheed Martin Corporation
• Denso Corporation
• ZF Friedrichshafen AG
• Qualcomm Technologies
• Continental AG
• Northrop Grumman Corporation
• Honeywell International Inc.
• Texas Instruments Inc.
• Thales Group
• Aptiv Plc
• L3Harris Technologies Inc.
• STMicroelectronics N.V
• Infineon Technologies AG
• NXP Semiconductors NV
• Analog Devices
• Autoliv Inc
• Hella KGaA Hueck & Co.
• Saab AB
• SICK AG
• Banner Engineering Corp
• Socionext America Inc.
• Smart Microwave Sensors GmbH
• Oculi Corp
Regional Dominance: Which Area Leads the Global Radar Sensor Market?
Europe was the largest region in the radar sensor market in 2024
