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The global radar sensors market reached a value of US$ 13.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 36.2 Billion by 2027, exhibiting at a CAGR of 18.51% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
A radio detection and ranging system (RADAR) sensor is an electronic device used for sensing electromagnetic emissions from objects, such as aircraft, marine vessels, two-wheelers and automobiles. Radar sensors are commonly available in speed gauge, altimeter, pulse, continuous wave (CW), imaging and non-imaging variants. They intercept the reflected radio waves through an antenna and processes the signals to provide insights. These sensors are also embedded with global positioning systems (GPS) to store information regarding the motion trajectory, location, size and characteristics of the objects. In comparison to the traditionally used optical and infrared (IR) sensing devices, radar sensors are wireless and can penetrate through dense mediums and insulators, detect distant objects and can function in adverse weather conditions.
Significant growth in the automotive industry across the globe, along with the increasing emphasis on passenger safety, is one of the key factors creating a positive outlook for the market. CW radar sensors are embedded in autonomous vehicles to detect stationary and moving objects in the path and are used for operating automatic emergency braking and collision avoidance systems of heavy commercial automobiles. Moreover, the increasing demand for effective target surveillance, interception, missile guidance, terrain tracking and navigation for military and defense applications is providing a thrust to the market growth. In line with this, radar sensors also aid in airport intrusion detection, prison perimeter, oil depot and power grid security systems, which is favoring the growth of the market. Additionally, various technological advancements, such as the development of corner radar sensors for 360-degree and short-range surveillance and high-resolution tracking, are acting as other growth-inducing factors. These innovative variants provide enhanced target separation and object recognition under low visibility conditions. Other factors, including the advent of industry 5.0, along with the increasing requirement for radars in sports tracking solutions, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global radar sensors market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, range and application.
Breakup by Type:
Breakup by Range:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles 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.
|Base Year of the Analysis||2021|
|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|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|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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