Authored By: Sarah
11 Jul 2024

 Radar Sensors Market Size to grow by USD 17907.2 million between 2024-2028

According to a research report “ Radar Sensors Market” by Application (Automotive, Aerospace and defense, Industrial, Others) Product (Non-imaging sensors, Imaging sensors) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 17907.2 million, at a CAGR of  20.62% during the forecast period. In the burgeoning drone or Unmanned Aerial Vehicle (UAV) market, these advanced aeronautical devices are increasingly being adopted for military and defense applications worldwide. Drones, characterized by their autonomous navigation capabilities, are utilized in various sectors such as powerline and grid inspections, scientific research, geological surveying and mapping, and search and rescue operations. Radar sensors play a pivotal role in the deployment of autonomous flying drones, enabling obstacle detection and facilitating seamless navigation. These sensors are integral components in ensuring the safe and efficient operation of drones in diverse applications.

Browse market data tables, figures, and in-depth TOC on “Radar Sensors Market” by Application (Automotive, Aerospace and defense, Industrial, Others) Product (Non-imaging sensors, Imaging sensors) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Application, the Automotive segment is projected to dominate the market size in 2024

The Radar Sensors Market represents a significant business opportunity for technology innovators and manufacturers. These sensors employ advanced technologies to detect objects and measure their distance, velocity, and angle. Radar sensors are increasingly being adopted across industries, including automotive, defense, and industrial automation, due to their ability to provide real-time data and enhance safety and efficiency. Market growth is driven by factors such as technological advancements, increasing demand for autonomous vehicles, and expanding applications in various sectors.

By Product, Non-imaging sensors  segment is expected to hold the largest market size for the year 2024

The Radar Sensors Market represents a significant business opportunity due to the increasing adoption of advanced driver-assistance systems (ADAS) and autonomous vehicles. Radar sensors offer crucial data for collision avoidance, speed control, and other safety applications, making them indispensable in the automotive industry. Moreover, the expanding application scope in sectors like aerospace and defense further fuels market growth. This dynamic market is poised for robust expansion, driven by technological advancements and growing demand for safety and efficiency.

North America is forecasted to hold the largest market size by region in 2024

The Radar Sensors Market represents a significant business opportunity for technology innovators and manufacturers. These sensors employ advanced technologies, such as FMCW and SAR, to detect objects and provide real-time data. Applications span across various industries, including automotive, defense, and industrial automation. Market growth is driven by increasing demand for safety and efficiency, as well as technological advancements. Businesses looking to capitalize on this trend should consider strategic partnerships, product development, and market expansion.

The Radar Sensors Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 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.
  • ZF Friedrichshafen AG
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

Radar sensors, an essential electronic device in various industries, utilize pulsed electromagnetic waves to measure distance, velocity, and angle. These sensors come in various types, including altimeters for measuring height, speed gauges for automobiles and two-wheelers, and long- and short-range sensors for marine vessels, aircraft, and weather monitoring. Pulse-based radar sensors emit electromagnetic waves and measure the time taken for the waves to bounce back, providing data on distance, speed, and direction. Altimeter radar sensors are commonly used in aviation and mountain climbing, while speed gauges are integral to modern automobiles and two-wheelers. Radar sensors play a significant role in the aerospace and defense sector for detecting and tracking objects, including radars for weather monitoring, aerospace applications, and radars used for scrambling and detecting electronic emissions. In recent years, radar sensors have expanded their applications to include autonomous vehicles, IoT devices, and traffic monitoring systems. Sub-millimeter-wave radar sensors and CW radar sensors are gaining popularity due to their high resolution and accuracy. Radar detectors, on the other hand, are used for detecting radar signals and are popular among drivers for traffic law enforcement. Radar sensors are also used in industrial applications, security and surveillance systems, and imaging applications, providing valuable data for process control, safety, and security. Non-imaging radar sensors are commonly used for level measurement, flow measurement, and object detection in industrial applications. Imaging radar sensors, on the other hand, are used for object recognition and 3D imaging in various industries.

Market Research Overview

The Radar Sensors Market encompasses a wide range of applications, from sports tracking solutions and navigation in automobiles, to short-range surveillance in oil depots, prisons, and airports. Radar sensors operate based on the emission, reflection, and reception of radio waves. They are essential for object recognition, target separation, and terrain tracking in various industries. Radar sensors come in different types, including corner radar sensors for 360-degree surveillance, CW radar sensors for missile guidance and interception, and short-range radar sensors for collision avoidance systems in heavy commercial automobiles and passenger safety. Radar sensors are also used in two-wheelers, marine vessels, aircraft, and even in weather monitoring and aerospace and defense applications. Radar sensors have various components such as transmitter, receiver, duplexer, antenna, processor, video amplifier, and signals. They operate in different frequencies, including 79GHz and 77-GHz frequencies for long-range radar, and non-imaging radar for industrial and security and surveillance applications. Radar sensors are also used in autonomous vehicles, IoT devices, and consumer electronic devices, making them an integral part of intelligent transport, smart water networks, smart homes, and smart grids. Radar sensors have various applications in defense, including radar scrambling, radar detectors, and automotive radar. They are used for automatic emergency braking, rear cross-traffic alert, parking assistance, lane change assistance, collision mitigation, and blind spot detection. Radar sensors are also used in building automation solutions, digital technologies, biomedical radar, and automotive radar. With the increasing penetration of smartphones and the development of 5G technology, radar sensors are expected to play a significant role in the autonomous car market and high-resolution tracking and 360-degree car surveillance.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio