Autonomous Vehicle Expansion Fuels Growth in Radar Sensor Market: Critical Driver Shaping the Radar Sensor Market in 2025

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Radar Sensor Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of radar sensor has seen an accelerated expansion in recent times. The market will advance from $14.43 billion in 2024 to $16.62 billion in 2025, with a compound annual growth rate (CAGR) of 15.2%. The historical growth has been spurred by factors such as the escalating demand for national security, active efforts by key players in Germany to create cutting-edge products, the rising application of radar sensors in systems designed for early warning, situational awareness, and integrated air and missile defense, the requirement for radar sensors integration in modern transportation, and the accuracy and adaptability of radar sensors.

Radar Sensor Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the radar sensor market is predicted to experience a fast-paced expansion, with its value estimated to reach $26.92 billion by 2029. This constitutes a compound annual growth rate (CAGR) of 12.8%. The anticipated growth in this period can be accredited to the rising demand for short-range radar sensors, which are used in vehicles, smart city infrastructures, and consumer electronics. Furthermore, the increase in autonomous vehicles and the emphasis on security and safety necessities have laid the foundation for advanced transportation and traffic management. The forecast period is expected to see trends like integration in self-driving cars, usage of short-range radar for city-based applications, enhancement of safety features in vehicles, development of IoT and connected devices, as well as emphasis on environmental sensing.

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What Are the Drivers Transforming the Radar Sensor Market?
The expansion of autonomous vehicles is believed to boost the growth of the radar sensor market in the future. Autonomous vehicles, or those that can navigate and function without direct human input, rely heavily on radar sensors. These sensors allow autonomous vehicles to identify objects, other vehicles, pedestrians, and obstacles in their vicinity over long distances. This critical information enables real-time decision making about navigation, speed adjustments, and route planning. For example, a report published by the US-based non-profit organization, the Insurance Institute for Highway Safety, in December 2022, forecasts roughly 3.5 million autonomous or self-driving vehicles on American roads by 2025, and 4.5 million by 2030. Consequently, the burgeoning of autonomous vehicles is one of the primary drivers of the radar sensor market's growth.

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What Long-Term Trends Will Define the Future of the Radar Sensor Market?
Leading organizations in the radar sensor marketplace are pioneering advanced solutions like automotive radar sensors to enhance their offerings with more sophisticated features. Automotive radar sensors are engineered to calculate distances, velocities, and directions of nearby objects by leveraging radar (radio detection and ranging) technology. For example, in May 2022, Infineon Technologies, a German semiconductor production company, introduced the XENSIV 60 GHz automotive radar sensor (BGT60ATR24C). One of the unique attributes of the XENSIV 60 GHz automotive radar sensor, BGT60ATR24C, is its custom design meant for in-cabin monitoring systems (ICMS). It helps in identifying minimal movements and crucial signs of infants and animals that might have been left unattended in vehicles, besides initiating alarms. This sensor supports 4 GHz ultra-broad bandwidth Frequency Modulated Continuous Wave (FMCW) operation within a condensed package. Its setup and data aggregation are facilitated by a digital interface, while a built-in state machine assures autonomous data collection, featuring optimized power modes for reduced power usage. Furthermore, the solution, aimed for size and space optimization, assimilates two transmission channels (TX) and four reception channels (RX), contributing to efficient thermal management.

Which Segments in the Radar Sensor Market Offer the Most Profit Potential?
The radar sensor market covered in this report is segmented -

1) By Type: Imaging Radar, Non-imaging Radar
2) By Range: Short-Range Radar Sensor, Medium-Range Radar Sensor, Long-Range Radar Sensor
3) By Application: Air Traffic Control, Remote Sensing, Ground Traffic Control, Space Navigation And Control, Other Applications
4) By End User: Automotive, Aerospace And Defense, Environment And Weather Monitoring, Industrial, Other End Users

Subsegments:
1) By Imaging Radar: Synthetic Aperture Radar (SAR), Inverse Synthetic Aperture Radar (ISAR)
2) By Non-Imaging Radar: Doppler Radar, Pulse Radar, Frequency Modulated Continuous Wave (FMCW) Radar

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Which Firms Dominate the Radar Sensor Market by Market Share and Revenue in 2025?
Major companies operating in the radar sensor market report are Robert Bosch GmbH, Raytheon Technologies Corporation, Lockheed Martin Corporation, Denso Corporation, ZF Friedrichshafen AG, Qualcomm Technologies, Continental AG, Northrop Grumman Corporation, Honeywell International Inc., Texas Instruments Inc., Thales Group, Aptiv Plc, L3Harris Technologies Inc., STMicroelectronics N.V, Infineon Technologies AG, NXP Semiconductors NV, Analog Devices, Autoliv Inc, Hella KGaA Hueck & Co., Saab AB, SICK AG, Banner Engineering Corp, Socionext America Inc., Smart Microwave Sensors GmbH, Oculi Corp

Which Regions Offer the Highest Growth Potential in the Radar Sensor Market?
Europe was the largest region in the radar sensor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the radar sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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