Enjoy complimentary customisation on priority with our Enterprise License!
The radar sensors market size is forecast to increase by USD 17.91 billion and is estimated to grow at a CAGR of 20.62% between 2023 and 2028. In the rapidly evolving technological landscape, the integration of drones, government regulations for vehicle safety, and radar sensors is reshaping various industries. Drones, once considered a novelty, are now being employed in an expansive range of applications, from agriculture and construction to filmmaking and disaster response. Their ability to capture data from unique perspectives and deliver real-time insights is revolutionizing business processes. Simultaneously, governments worldwide are implementing stringent regulations to ensure the safety of these unmanned aerial vehicles (UAVs). These guidelines cover aspects such as registration, certification, and operational restrictions, aiming to mitigate potential risks and promote responsible usage. Radar sensors, meanwhile, are experiencing a surge in adoption across sectors, including automotive, aviation, and logistics. These sensors offer key advantages such as object detection, distance measurement, and velocity analysis, making them indispensable for applications requiring real-time situational awareness. The intersection of these trends – drones, government regulations, and radar sensors – is paving the way for innovative solutions and enhanced safety in numerous industries.
For More Highlights About this Report, Request Free Sample
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing use of drones in numerous applications is notably driving market growth. Radar sensors play a crucial role in the functionality and effectiveness of drones, particularly in military and defense applications. These sensors enable interception and missile guidance, ensuring accurate target identification and engagement. Additionally, terrain tracking facilitates navigation, allowing drones to maneuver through complex environments.
Moreover, airport intrusion detection and prison perimeter security are essential applications, ensuring the safety and security of critical infrastructure. Corner radar sensors provide 360-degree surveillance, enabling short-range surveillance and target separation, while object recognition capabilities enhance situational awareness in low visibility conditions. In sports tracking solutions, radar sensors enable precise tracking and analysis of athlete performance. Thus, such factors are driving the growth of the market during the forecast period.
Emergence of the high-resolution radar imaging sensor is the key trend in the market. Radar sensors play a pivotal role in various industries, including transportation, defense, and security, by providing critical data in diverse environments. These sensors intercept electromagnetic waves reflected off objects to determine their distance, velocity, and size. In defense applications, radar sensors are integral to missile guidance and terrain tracking systems.
Moreover, in the transportation sector, they are employed for navigation, airport intrusion detection, prison perimeter security, and oil depot surveillance. Corner radar sensors enable 360-degree surveillance, ensuring comprehensive coverage in multiple target environments. Short-range radar sensors facilitate precise target separation and object recognition, enhancing safety in low visibility conditions. In sports tracking solutions, radar sensors accurately measure athletes' performance metrics. Thus, such trends will shape the growth of the market during the forecast period.
Cost pressure faced by OEMs is the major challenge that affects the growth of the market. In the market, there is a growing demand for advanced technologies due to the need for interception and missile guidance, terrain tracking, and navigation in various industries. Radar sensors play a crucial role in airport intrusion detection, securing prison perimeters, and monitoring oil depots.
Moreover, corner radar sensors are essential for 360-degree surveillance, providing short-range surveillance with high target separation and object recognition capabilities. These sensors are particularly valuable in low visibility conditions, making them indispensable for sports tracking solutions. The integration of radar sensors into advanced systems requires innovation and cost-effective solutions to meet regulatory requirements and customer expectations. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Banner Engineering Corp: The company offers radar sensors such as T30R series and K50R.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The automotive segment is estimated to witness significant growth during the forecast period. Sub-millimeter-wave radar sensors play a pivotal role in various applications, including IoT devices, autonomous vehicles, and weather monitoring. These sensors operate on the principle of electromagnetic emissions and detect objects by transmitting radio waves and receiving reflected signals. CW radar sensors, a type of radar sensor, are non-imaging and continuously transmit and receive signals to detect motion trajectory.
Get a glance at the market share of various regions Download the PDF Sample
The automotive segment was the largest segment and valued at USD 3.73 billion in 2018. In the aerospace and defense sector, radar sensors are integral to target surveillance and collision avoidance systems in aircraft and marine vessels. Radar detectors, on the other hand, are electronic devices used to detect and alert drivers of potential threats, such as speed traps. Radar scrambling is a technique used to disrupt or mask radar signals for security purposes. The antenna, duplexer, transmitter, receiver, video amplifier, and processor are essential components of radar sensors.
For more insights on the market share of various regions Download PDF Sample now!
North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Sub-millimeter-wave radar sensors play a pivotal role in various applications, including IoT devices, autonomous vehicles, and weather monitoring. These sensors operate on the principle of electromagnetic emissions and detect objects by transmitting radio waves and receiving reflected signals. CW radar sensors, a type of radar sensor, are non-imaging and continuously transmit and receive signals to detect motion trajectory. In the aerospace and defense sector, radar sensors are integral to target surveillance and collision avoidance systems in aircraft and marine vessels. Radar detectors, on the other hand, are electronic devices used to detect and alert drivers of potential threats, such as speed traps. Hence, such factors are driving the market in North America during the forecast period.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
You may also interested in below market reports:
The Market is a significant sector in the technology industry, driven by the increasing demand for advanced driver assistance systems (ADAS) and autonomous vehicles. Radar sensors play a crucial role in detecting objects and measuring their distance, velocity, and angle. This data is essential for collision avoidance, adaptive cruise control, and other safety features. The market landscape depends on the Long-Range Radar Sensor, Security and Surveillance, Environment and Weather Monitoring, Traffic Monitoring, Radar Detector, Electronic device, Two-wheelers. The market for radar sensors is expected to grow substantially due to the rising adoption of these sensors in various end-use industries, including automotive, aerospace and defense, industrial, and others. The increasing use of radar sensors in surveillance systems and border security applications is also contributing to the market's growth.
Moreover, the development of solid-state radar sensors and the integration of radar technology with other sensors, such as LiDAR and cameras, are expected to further boost the market's growth. The market landscape depends on the Automobiles, Speed gauge, Altimeter, Pulse, Continuous wave, Reflected radio waves, Global positioning systems, Optical, Infrared, Wireless, Dense mediums, Insulators, Distant objects, Passenger safety, Heavy commercial automobiles, Power grid security systems. The market is highly competitive, with key players focusing on product innovation, strategic collaborations, and expanding their geographical presence to gain a competitive edge. The market for radar sensors is expected to witness significant growth in the coming years, driven by the increasing demand for safety and security, the development of advanced technologies, and the growing adoption of radar sensors in various end-use industries.
Market Scope |
|
Report Coverage |
Details |
Page number |
171 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 20.62% |
Market growth 2024-2028 |
USD 17.91 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
16.56 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 39% |
Key countries |
US, China, Germany, Japan, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ainstein Inc., Arbe Robotics Ltd, Banner Engineering Corp., Continental AG, DENSO Corp., HELLA GmbH and Co. KGaA, Infineon Technologies AG, InnoSenT GmbH, Israel Aerospace Industries Ltd., Lockheed Martin Corp., MediaTek Inc., NXP Semiconductors NV, Robert Bosch GmbH, RTX Corp., S.m.s Smart Microwave Sensors GmbH, Sivers Semiconductors AB, Steradian Semiconductors Pvt. Ltd., Texas Instruments Inc., Vayyar Imaging Ltd., and ZF Friedrichshafen AG |
Market dynamics |
Parent market analysis, market report, market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.