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

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.