USD 10.94 billion
Radar Sensor Market Size, Share, Growth Analysis, By Band(L, S, C, & X Bands), By Range(Short-Range Radar, Mid-Range Radar, and Long-Range Radar), By Type(Imaging Radar, CW Radar, Pulse Rada, Non-imaging Radar), By Technology(Time Domain Reflectometry (TDR), Ultra-Wideband (UWB), RF MEMS-based radar sensors, and Millimeter wave), By Component(Antenna, Duplexer, Transmitter, Receiver), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2054 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
158
|Figures:
78
Radar Sensor Market Insights
Radar Sensor Market size was valued at USD 10.94 billion in 2019 and is poised to grow from USD 12.37 billion in 2023 to USD 33.14 billion by 2031, growing at a CAGR of 13.1% in the forecast period (2024-2031).
Radar sensors can detect motion, arrival distance and range, speed, and direction of movement. Their applications are becoming more diverse, and the commercialization in the sector is accelerating due to advancements in digital and RF/microwave technologies. There are many radar applications available today, ranging from traditional defence and surveillance to automotive radar for driver assistance to biomedical radar for imaging, monitoring, and treatment. The competitive environment necessitates rapid cycles of design, system integration, prototyping, and testing for all of these applications. Furthermore, the use of corner radar for 360-degree surveillance of the vehicle, aided by 24 GHz short- and mid-range radars, is gaining traction for high-resolution tracking. With high channel numbers for high-resolution imaging radar, this improves target separation or object recognition.
The increased focus on safety and security requirements in automotive applications, as well as rising demand for IoT and smart devices in developing countries, are major factors driving market growth. Furthermore, rising government initiatives to mandate the integration of safety systems in vehicles to avoid accidents will increase the value of the Global Radar Sensor Market.
US Radar Sensor Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Ku, K, Ka, V, & W
Fastest Growth
Ku, K, Ka, V, & W
Growth Rate
13.1% CAGR
Global Radar Sensor Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Radar Sensor Market Segmental Analysis
Global Radar Sensor Market is segmented based on the band, type, technology, component, range and region. Based on band, global Radar Sensor Market is segmented into L, S, C, & X Bands, Ku, K, Ka, V, & W Bands and HF, VHF, & UHF Bands. Based on range, the Radar Sensor Market is segmented into Short-Range Radar, Mid-Range Radar, and Long-Range Radar. By type, the Radar Sensor Market is segmented into Imaging Radar, CW Radar, Pulse Radar, Non-imaging Radar, Speed Gauge, and Altimeter. By technology, the Radar Sensor Market is segmented into Time Domain Reflectometry (TDR), Ultra-Wideband (UWB), RF MEMS-based radar sensors, and Millimeter wave. By component, the Radar Sensor Market is segmented into Antenna, Duplexer, Transmitter, Receiver, and Video Amplifier. Based on Region Radar Sensor Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Radar Sensor Market Analysis by Band
Based on band, the Ku, K, Ka, V, and W bands segment is expected to dominate the Global Radar Sensor Market. The Ku (12 GHz to 18 GHz), K (18 GHz to 27 GHz), Ka (27 GHz to 40 GHz), V (40 GHz to 75 GHz), and W (75 GHz to 110 GHz) bands are primarily used in the defence and automotive industries. Initially, K-band radars with a frequency of 24 GHz were developed during WWII. Later, the K band is divided into two bands: Ku (lower frequency band) and Ka (higher frequency band) (higher frequency band). These two bands have a high bandwidth and a narrow beamwidth, which can be achieved with small apertures. V is also known as a'very-high frequency band' (yet another reference to VHF). Currently, 24 GHz (K-band) and E-band (77 GHz) are widely used in automotive applications including ACC, BSD, cross-traffic alert, and stop-and-go functionality.
Radar Sensor Market Analysis by Range
Based on range, the mid-range radar segment is expected to grow at the fastest CAGR During the forecast period. The mid-range radar sensor is primarily used in automotive applications such as adaptive cruise control and long-range object detections, as well as in A&D applications such as ground proximity identification and industrial applications such as constructional machine zones and collision protection. Mid-range radar sensors are being developed by companies such as Infineon and NXP Semiconductor N.V.
Global Radar Sensor Market Size By Band, 2021 (%)
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Radar Sensor Market Regional Insights
North America is expected to hold the largest global radar sensor market size during the forecast period. High-end defence applications, smartphone penetration, self-driving cars, and consumer electronics devices drive the North American Market. As the region has the highest defence expenditure in the world, the region is seeing an increase in FMCW applications, particularly short-range applications. North America is a forerunner in the adoption of new technologies such as smart grids, smart homes, smart water networks, intelligent transportation, and radar sensor infrastructure. The technology advancements are expected to open up new use cases across these industries, creating opportunities for vendors. Furthermore, the region has the most technologically advanced market for applications due to the presence of prominent suppliers, major companies such as Lockheed Martin Corporation (US) and Northrop Grumman Corporation (US), manufacturers, and the competitiveness of OEMs.
Asia-Pacific is dominating the market because of rising demand for aerospace and defence products. Furthermore, Asia-Pacific is expected to grow at a rapid pace during the forecast period. In addition, LAMEA is in second place and is expected to increase its growth rate by the end of the forecast period, followed by Europe.
Global Radar Sensor Market Size By Geography, 2021-2028
- Largest
- Fastest
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Radar Sensor Market Dynamics
Radar Sensor Market Driver
- Nowadays, technology has advanced to the point where it is primarily concerned with safety and security requirements in a variety of applications such as vehicle collision assistance, industrial and public safety, and robotic assistance which is driving the market growth. As a result, radar sensors are used because they provide accuracy and unique safety and security solution capabilities with superior performance. Low-power consumption, small size, integrated data processing, and faster response time are all possible with these radar sensors. These sensors are now commercially available in applications like automotive, transportation, home automation, energy efficiency, industrial, and public safety.
- The primary role of these sensors in an automotive application is in collision avoidance systems, blind spot detection, adaptive cruise control, advanced driver assistance systems, and lane departure warning systems. Proactive safety features such as collision mitigation systems and vulnerable road user detection are now possible thanks to technological advancements. To provide essential functions for a car's safety, the system must distinguish between objects on the road more clearly. As a result, the system necessitates increased bandwidth and narrow band frequency ranges in the 24GHz and 76GHz bands.
Radar Sensor Market Restraint
- A radar sensor can be installed in a vehicle while it is being manufactured, and the vehicle can then be sold in almost any country. It can be purchased separately by an individual and misused, resulting in accidents and casualties is one of the restraint in market growth. As a result, it is illegal in some countries, and violating this may result in fines, device seizure, or both. Radar detectors are prohibited in a variety of situations. There are numerous checkpoints on a military base to ensure that radar detectors are strictly prohibited. This problem applies to both visible and hidden detectors. These sensors are not permitted in commercial vehicles weighing 10,000 pounds or more. Some countries have already enacted legislation prohibiting the use of detectors. Wireless Telegraphy Act 1949 (the UK) and Communications Act of 1934 are two supporting acts that prohibit the use of detectors (the US). Except in Western Australia, radar detectors are illegal in all states. Radar detectors are illegal in Newfoundland and Labrador, Nova Scotia, Prince Edward Island, New Brunswick, Quebec, Ontario, Manitoba, Yukon, Northwest Territories, and Nunavut. Radar sensors in private vehicles are only legal in the United States under the Communications Act of 1934. Radar detectors are also prohibited in the UAE, Switzerland, Saudi Arabia, the Netherlands, North Korea, India, France, and Brazil.
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Radar Sensor Market Competitive Landscape
Global Radar Sensor Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Radar Sensor Market Top Player's Company Profiles
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NXP Semiconductors N.V.
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Infineon Technologies AG
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Texas Instruments Inc.
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Analog Devices, Inc.
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Rohm Semiconductor
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STMicroelectronics N.V.
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ZF Friedrichshafen AG
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HELLA GmbH & Co. KGaA
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Robert Bosch GmbH
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Autoliv Inc.
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Delphi Technologies
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Valeo SA
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Panasonic Corporation
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Mitsubishi Electric Corporation
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TE Connectivity Ltd.
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Murata Manufacturing Co., Ltd.
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SICK AG
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Kongsberg Gruppen AS
Radar Sensor Market Recent Developments
- In February 2022, NXP Semiconductor announced that smartmicro, one of its partners, had made an important next step and developed a 4D imaging radar sensor with NXP’s 6th generation flagship radar processor S32R45 that cascades four TEF8232 transceivers with a total of 192 virtual channels for delivering an angular resolution of one-degree at a distance up to 300 meters.
- In January 2022, DENSO, a leading mobility supplier, announced that it had developed the Global Safety Package, an active safety system designed to improve the safety of vehicles by giving them high sensing capability of their surroundings. The safety package offers a combined performance of a vision sensor and a millimeter-wave radar sensor to assist the driver in controlling the vehicle safely.
Radar Sensor Key Market Trends
- Significant growth in the global automotive industry, combined with an increased emphasis on passenger safety, is one of the key factors driving the market's positive outlook. CW radar sensors are embedded in autonomous vehicles to detect stationary and moving objects in the path and are used to operate heavy commercial automobiles' automatic emergency braking and collision avoidance systems. Furthermore, the growing demand for effective target surveillance, interception, missile guidance, terrain tracking, and navigation for military and defence applications is propelling market growth. As a result of this, these sensors are also used in airport intrusion detection, prison perimeter, oil depot, and power grid security systems, which is driving market growth. Other growth-inducing factors include technological advancements such as the development of corner radar sensors for 360-degree and short-range surveillance and high-resolution tracking. These innovative variants improve target separation and object recognition in low-light conditions. Other factors, such as the introduction of Industry 5.0 and the increasing demand for radars in sports tracking solutions, are expected to propel the market forward.
Radar Sensor Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Radar Sensor Market analysis, rising focus on safety and security needs in automotive application are the key driving factor for the market growth. Developing countries increasing their military spending is providing the opportunity for the market expansion. Moreover, the electromagnetic jamming of radars and noise interruptions during satellite communication are the challenges of radar-based applications. Whereas, high cost of radar system restricts the market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 10.94 billion |
| Market size value in 2031 | USD 33.14 billion |
| Growth Rate | 13.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Radar Sensor Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Radar Sensor Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Radar Sensor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Radar Sensor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Radar Sensor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Radar Sensor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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