What are the Historical Developments and Current Growth Metrics of the Radar Sensor Market?
The radar sensor market has seen considerable growth due to a variety of factors.
• In the past few years, the radar sensor market has seen a substantial growth. The market, which was valued at $14.43 billion in 2024, is expected to increase to $16.62 billion in 2025, reflecting a compound annual growth rate (CAGR) of 15.2%.
The historic growth can be credited to factors such as a higher demand for national security, initiatives by leading players in Germany for the development of advanced products, an increased application of radar sensors in early warning, situational awareness, and integrated air and missile defense systems. Other factors contributing to growth include the mandate to incorporate radar sensors in modern vehicles for enhanced security and the accuracy and adaptability of radar sensors.
What Is The Projected Growth Of The Radar Sensor Template Market?
The radar sensor market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, it is projected that the radar sensor market will experience significant growth, expanding to a size of $26.92 billion in 2029 with a compound annual growth rate of 12.8%.
This predicted growth in the forecast period is due to a spike in the demand for short-range radar sensors which are being incorporated into vehicles, infrastructure of smart cities, and consumer electronics. The rise in number of self-driving cars and an emphasis on security and safety requirements have set the stage for inventive transportation and traffic management strategies. Some major trends anticipated during the forecast period are incorporation into self-driving vehicles, usage of short-range radar for urban scenarios, improved safety features in vehicles, growth in Internet of Things and connected devices, and a focus on environmental sensing.
What Are The Key Drivers Fueling Growth In The Radar Sensor Market?
The surge in autonomous vehicles is predicted to fuel the expansion of the radar sensor market. Autonomous vehicles, which are capable of navigation and operation without direct human control, use radar sensors to identify objects, vehicles, pedestrians, and hurdles at far distances, providing key data for instant decisions about direction, speed modification, and route mapping. As revealed in a report from the Insurance Institute for Highway Safety, a non-profit organization in the US, around 3.5 million self-navigating vehicles are forecasted to navigate American roads by 2025. Furthermore, it is predicted that by 2030, the number of autonomous vehicles would rise to 4.5 million. Thus, the advent of autonomous vehicles is stimulating the expansion of the radar sensor market.
What Are The Principal Market Segments In The Global Radar Sensor Industry?
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
Subsegments:
1) By Imaging Radar: Synthetic Aperture Radar (SAR), Inverse Synthetic Aperture Radar (ISAR)
2) By Non-Imaging Radar: Doppler Radar, Pulse Radar, Frequency Modulated Continuous Wave (FMCW) Radar
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What New Trends Are Influencing The Radar Sensor Market?
Leading firms in the radar sensor market are innovating and creating novel technologies, such as car radar sensors, to cater to the sophisticated needs of their consumers. The automotive radar sensor is a tool engineered to perceive and calculate the distance, velocity and direction of objects close to an automobile through the application of radar (radio detection and ranging) technology. An example of this is when Infineon Technologies, a semiconductor production company based in Germany, introduced the XENSIV 60 GHz automotive radar sensor (BGT60ATR24C) in May 2022. The XENSIV 60 GHz automotive radar sensor, BGT60ATR24C, stands out due to its specific design for in-cabin monitoring systems (ICMS), which enables it to identify micro-movements and the vital signs of infants and animals unintentionally forgotten inside cars. It can also activate warnings. This sensor facilitates a 4 GHz ultra-wide bandwidth Frequency Modulated Continuous Wave (FMCW) function within a small package. Its format and data compilation process are simplified through a digital interface. An integrated state machine supports autonomous data gathering, with optimal power modes for reduced power usage. Additionally, this compact and space-efficient solution includes two transmission channels (TX) and four reception channels (RX) delivering superior thermal management.
Who Are the Key Players In The Radar Sensor Market?
Major companies operating in the radar sensor market report 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
What Are The Regional Insights Into The Radar Sensor Market?
Europe was the largest region in the radar sensor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the radar sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
