Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Radar Sensors Market Outlook

The global radar sensors market stood at a value of around USD 16.25 billion in 2023. The market is further expected to grow at a CAGR of 17.2% in the forecast period of 2024-2032 to attain a value of around USD 67.86 billion by 2032.

Global Radar Sensors Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Growing Demand in the Automotive Sector to Catalyse the Growth of the Global Radar Sensors Industry

Based on end user, the automotive segment is predicted to account for a significant market share in the radar sensors industry. This increase can be attributed to the increased implementation of radar sensors in automobiles in order to reinforce the safety of the vehicle. The radar systems offer driver assistance facilities that help to mitigate the risk of collision by providing timely warnings along with adaptive cruise control. In addition, different radar sensors offer lane change assistance, blind-spot detection and also 360-degree surveillance through the use of short and mid-range radar sensors. Moreover, with the rapid technological advancements, self-driving vehicles are being developed, which is expected to propel the industry growth in the coming years.

North America to Possess a Significant Market Share in the Global Radar Sensors Industry

North America is estimated to hold a significant share of the radar sensors industry in the forecast period. This growth can be attributed to the growing investments to support technological advancements in the region. In addition, the rising disposable income levels, improved standards of living, and the developing automobile infrastructure are also significant factors leading to the industry growth. Moreover, the growing emphasis on the security and surveillance sector is also predicted to catalyse the demand for radar sensors in the region. Furthermore, the heightened adoption of radar sensors in the military sector is also expected to augment the market growth in the forecast period. For instance, the Federal Communications Commission of the United States recently announced their proposal to expand the use of short-range radar sensors in 57 to 64 GHz band, which would help avoid ‘hot car’ deaths, augment the IoT devices and aid with healthcare monitoring.

Radar Sensors: Market Segmentation

Radar Sensors are conversion devices that facilitate the conversion of microwave echo signals into electrical signals. With the help of wireless sensing technology, radar sensors can detect motion by figuring out the object’s position, shape, characteristics, and trajectory. These sensors are not affected by light or darkness and can even look through the wall. In addition, radar sensors are increasingly used in military operations, security systems, automobiles, medical devices, and industrial applications, among others.

Global Radar Sensors Market by Segment

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

By type, the market is bifurcated into:

  • Imaging Radar 
  • Non-Imaging Radar

On the basis of range, the industry can be segmented into:

  • Short-Range Radar Sensors
  • Medium-Range Radar Sensors
  • Long-Range Radar Sensors

Based on end user, the market can be categorised into:

  • Automotive
  • Security and Surveillance
  • Industrial 
  • Environment and Weather Monitoring 
  • Traffic Monitoring 
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Radar Sensors Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Increased Application in IoT Devices to Bolster the Growth of the Global Radar Sensors Industry

The increased pace of digitalisation across the globe is estimated to catalyse the demand for radar sensors across various industries. Consumers are increasingly utilising IoT devices and smart technology, which comprise radar sensors. For instance, security systems and automatic doors, among others, make use of the motion detection technology offered by the radar sensors to detect any movement. In addition, these radar sensors are small in size and can offer accurate and precise information. Moreover, smartphones such as Google Pixel smartphones come with radar sensors that allow swipe features and reduce energy wastage by automatically switching the screen off when the user is away from the phone. Furthermore, the heightened application of radar sensors in security and surveillance operations is also predicted to drive the market growth in the coming years.

Key Industry Players in the Global Radar Sensors Market

The report gives a detailed analysis of the following key players in the global radar sensors market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Robert Bosch GmbH
  • Continental AG
  • DENSO Corporation
  • Hella KGaA Heuck & Co.
  • Infineon Technologies AG
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Range
  • End User
  • Region
Breakup by Type
  • Imaging Radar
  • Non-Imaging Radar
Breakup by Range
  • Short-Range Radar Sensor
  • Medium-Range Radar Sensor
  • Long-Range Radar Sensor
Breakup by End User
  • Automotive
  • Security and Surveillance
  • Industrial
  • Environment and Weather Monitoring
  • Traffic Monitoring
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Robert Bosch GmbH
  • Continental AG
  • DENSO Corporation
  • Hella KGaA Hueck & Co.
  • Infineon Technologies AG
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!

Key Questions Answered in the Report

In 2023, the global radar sensors market attained a value of nearly USD 16.25 billion.

The market is projected to grow at a CAGR of 17.2% between 2024 and 2032.

The major market drivers are the rising demand for safety in passenger vehicles, growing applications of radar sensors in the military, security and surveillance sectors, and surging demand for motion detection in industrial applications.

The expanding automotive infrastructure, rising adoption of IoT devices, and rapid digitalisation are the key trends supporting the market development.

The major regions in the radar sensors market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Imaging radar and non-imaging radar are the significant types of radar sensors considered in the market report.

The different segments based on the range of radar sensors are short-range radar sensor, medium-range radar sensor, and long-range radar sensor.

The major end uses of the product include automotive, security and surveillance, industrial, environment and weather monitoring, and traffic monitoring, among others.

The major players in the market are Robert Bosch GmbH, Continental AG, DENSO Corporation, Hella KGaA Heuck & Co., and Infineon Technologies AG, among others.

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

Back to top

We’re here to help answer any questions about our products and services.

Contact us

Locations


United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124