Report Feature
Radar Sensor Market Trends and Forecast
The future of the global radar sensor market looks promising with opportunities in the commercial, government, and industrial sectors. The global radar sensor market is expected to reach an estimated $14.5 billion by 2028 with a CAGR of 17.2% from 2023 to 2028. The major drivers for this market are increasing concerns on safety and security in automotive and growing need for border security systems.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Radar Sensor Market by Segment
The study includes a forecast for the global radar sensor market by radar type, technology, range, application, component, band, end use industry, and region, as follows:
Radar Sensor Market by Radar Type [Value ($B) Shipment Analysis from 2017 to 2028]:
-
Imaging Radar
- CW Radar
- Pulse Radar
-
Non-Imaging Radar
- Speed Gauge
- Altimeter
Radar Sensor Market by Technology [Value ($B) Shipment Analysis from 2017 to 2028]:
- Time Domain Reflectometry (TDR)
- Ultra-Wideband (UWB)
- Millimeter wave
- RF MEMS-based radar sensors
- Others
Radar Sensor Market by Range [Value ($B) Shipment Analysis from 2017 to 2028]:
- Short-Range Radar
- Mid-Range Radar
- Long-Range Radar
Radar Sensor Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
- Automotive
- Aerospace and Defense
- Industrial
- Security and Surveillance
- Traffic Monitoring and Management
- Environmental and Weather Monitoring
- Others
Radar Sensor Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:
- Antenna
- Duplexer
- Transmitter
- Receiver
- Video Amplifier
- Processing
Radar Sensor Market by Band [Value ($B) Shipment Analysis from 2017 to 2028]:
- HF, VHF, and UHF Bands
- L, S, C, and X Bands
- Ku, K, Ka, V, and W Bands
Radar Sensor Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
- Commercial Sector
- Government Sector
- Industrial Sector
Radar Sensor Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Radar Sensor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies radar sensor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the radar sensor companies profiled in this report include.
- Robert Bosch
- Continental
- Infineon Technologies
- Hella KGaA Hueck
- Autoliv
- Smart Microwave Sensors
- Omniradar
- Lockheed Martin
- Denso
- NXP Semiconductors
Radar Sensor Market Insights
- Lucintel forecast that non-imagine radar will witness the highest growth over the forecast period due to the increasing usage of these sensors in stop-and-go functionality, lane change assistance, blind spot recognition, and adaptive cruise control (ACC) applications.
- Within this market, automotive, aerospace and defense, industrial, security and surveillance, traffic monitoring & management, and environmental & weather monitoring are the major segments of radar sensor market by application. Lucintel predict that automotive is expected to remain the largest segment due to the increasing demand for adaptive cruise control (ACC), blind spot detection (BSD), lane change assist (LCA), and collision mitigation (CM) in vehicles.
- North America will remain the largest region due to robust growth in the vehicle production and increasing demand for advanced driver-assistance systems (ADAS) in passenger cars.
Features of the Radar Sensor Market
- Market Size Estimates: Radar sensor market size estimation in terms of value ($B)
- Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Radar sensor market size by various segments, such as by radar type, technology, range, application, component, band, end use industry, and region
- Regional Analysis: Radar sensor market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different by radar type, technology, range, application, component, band, end use industry, and regions for the radar sensor market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the radar sensor market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the radar sensor market size?
Answer: The global radar sensor market is expected to reach an estimated $14.5 billion by 2028.
Q2. What is the growth forecast for radar sensor market?
Answer: The global radar sensor market is expected to grow with a CAGR of 17.2% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the radar sensor market?
Answer: The major drivers for this market are increasing concerns on safety and security in automotive and growing need for border security systems.
Q4. What are the major segments for radar sensor market?
Answer: The future of the radar sensor market looks promising with opportunities in the commercial, government, and industrial sectors.
Q5. Who are the key radar sensor companies?
Answer: Some of the key radar sensor companies are as follows:
Answer: The global radar sensor market is expected to reach an estimated $14.5 billion by 2028.
Q2. What is the growth forecast for radar sensor market?
Answer: The global radar sensor market is expected to grow with a CAGR of 17.2% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the radar sensor market?
Answer: The major drivers for this market are increasing concerns on safety and security in automotive and growing need for border security systems.
Q4. What are the major segments for radar sensor market?
Answer: The future of the radar sensor market looks promising with opportunities in the commercial, government, and industrial sectors.
Q5. Who are the key radar sensor companies?
Answer: Some of the key radar sensor companies are as follows:
- Robert Bosch
- Continental
- Infineon Technologies
- Hella KGaA Hueck
- Autoliv
- Smart Microwave Sensors
- Omniradar
- Lockheed Martin
- Denso
- NXP Semiconductors
Q6. Which radar sensor segment will be the largest in future?
Answer: Lucintel forecast that non-imagine radar will witness the highest growth over the forecast period due to the increasing usage of these sensors in stop-and-go functionality, lane change assistance, blind spot recognition, and adaptive cruise control (ACC) applications.
Q7. In radar sensor market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to robust growth in the vehicle production and increasing demand for advanced driver-assistance systems (ADAS) in passenger cars.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Answer: Lucintel forecast that non-imagine radar will witness the highest growth over the forecast period due to the increasing usage of these sensors in stop-and-go functionality, lane change assistance, blind spot recognition, and adaptive cruise control (ACC) applications.
Q7. In radar sensor market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to robust growth in the vehicle production and increasing demand for advanced driver-assistance systems (ADAS) in passenger cars.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
