Global Radar Sensors Market to Reach USD 77.5 Billion by 2033, Spurred by Expanding Automotive Industry

November 12, 2024 | Electronics and Semiconductors

The latest report by IMARC Group, titled “Radar Sensors Market Report by Type (Imaging, Non-Imaging), Range (Short Range, Medium Range, Long Range), Application (Automotive, Aerospace and Defense, Environment and Weather Monitoring, Traffic Management and Monitoring, and Others), and Region 2025-2033,” finds that the global radar sensors market size reached USD 21.3 Billion in 2024. A radio detection and ranging system (RADAR) sensor is an electronic device that transforms microwave echo signals into electrical signals. It uses wireless sensing technology to sense electromagnetic emissions from objects, such as aircraft, marine vessels, two-wheelers, and automobiles. It is also integrated with global positioning systems (GPS) to store information regarding the location, size, motion trajectory, and characteristics of the objects. Besides this, radar sensors are widely employed in various automobiles for radar-based driver assistance systems such as collision warning and adaptive cruise control.

Global Radar Sensors Market Trends:

The market is primarily driven by the expanding automotive industry across the globe. Nowadays, radar sensors are embedded in autonomous vehicles to enhance passenger safety. They detect stationary and moving objects in the path and operate automatic emergency braking and collision avoidance systems in heavy commercial automobiles. Besides this, various technological advancements, such as the development of corner radar sensors that aid in 360-degree short-range surveillance and high-resolution tracking, are also contributing to the market growth. In addition, with the growing territorial conflicts and cross-border disputes, radar sensors are widely employed in target surveillance, missile guidance, interception, terrain tracking, and navigation systems for various military and defense applications. This, coupled with the rising product adoption in sports tracking solutions, is creating a positive market outlook across the globe. Looking forward, IMARC Group expects the market value to reach USD 77.5 Billion by 2033, exhibiting a CAGR of 15.4% during the forecast period (2025-2033).

Market Summary:

Based on the type, the market has been bifurcated into imaging (continuous wave (CW) radar, pulse radar, and others) and non-imaging (speed gauge and radar altimeter).
On the basis of the range, the market has been classified into short, medium, and long ranges.
Based on the application, the market has been segmented into automotive, aerospace and defense, environment and weather monitoring, traffic management and monitoring, and others.
On the geographical front, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined in the report, with some of the key players being Continental AG, DENSO Corporation, Hitachi Ltd, Honeywell International Inc., Infineon Technologies AG, L3harris Technologies Inc., Lockheed Martin Corporation, NXP Semiconductors N.V, Raytheon Technologies Corporation, Robert Bosch GmbH, Saab AB, STMicroelectronics, Texas Instruments Incorporated and Thales Group.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Type, Range, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Continental AG, DENSO Corporation, Hitachi Ltd, Honeywell International Inc., Infineon Technologies AG, L3harris Technologies Inc., Lockheed Martin Corporation, NXP Semiconductors N.V, Raytheon Technologies Corporation, Robert Bosch GmbH, Saab AB, STMicroelectronics, Texas Instruments Incorporated and Thales Group
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Radar Sensors Market to Reach USD 77.5 Billion by 2033, Spurred by Expanding Automotive Industry

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