Global Radar Sensor Market Worth $26.62 Billion by 2029, Growing at 12.7% CAGR

Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.

Radar Sensor Market Outlook: What Size And CAGR Are Anticipated By 2025?
In the recent past, there has been a significant growth in the size of the radar sensor market. It is forecasted to rise from $14.43 billion in 2024 to $16.52 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 14.5%. This growth during the historic period can be linked to the rising demand for national security, increased efforts by distinguished players in Germany to create superior products, the expanding usage of radar sensors in early warning specialized systems, situational comprehension, and integrated air and missile defenses. Other contributing factors include the compulsory integration of radar sensors in contemporary vehicles, and the flexibility and accuracy of radar sensors.

What Is the Expected CAGR for the Radar Sensor Market Growth Through 2029?
The radar sensor market is predicted to witness significant growth in the upcoming years, reaching a value of $26.62 billion in 2029, with a compound annual growth rate (CAGR) of 12.7%. Factors contributing to the potential growth during the forecast period include heightened demand for short-range radar sensors for use in vehicles, smart city infrastructure, and consumer electronics, a surge in the number of self-driving cars, and an emphasis on safety and security, all leading to advancements in transportation and traffic management. The forecast period also hints towards major trends such as the incorporation of radar sensors in autonomous vehicles, application of short-range radar for urban settings, improved safety features in vehicles, the growth of IoT and interconnected devices, and emphasis on environmental sensing.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/radar-sensor-global-market-report

What Are the Primary Drivers Behind Radar Sensor Market Growth?
The anticipated increase in the use of autonomous vehicles is predicted to boost the expansion of the radar sensor market. An autonomous vehicle is defined as a vehicle type that can navigate and function without requiring direct human intervention. Radar sensors provide these self-navigating vehicles the ability to identify objects, other vehicles, pedestrians, and hindrances in their vicinity over long distances, offering vital data for instantaneous decision-making concerning navigation, alterations in speed, and planning of routes. For example, a report by the Insurance Institute for Highway Safety, a non-profit organization based in the U.S, in December 2022, estimated that about 3.5 million autonomous or self-driving vehicles are expected to be operating in America by 2025. Furthermore, by 2030, the figure is expected to climb to 4.5 million autonomous vehicles. Consequently, the emergence of autonomous vehicles is propelling the growth of the radar sensor market.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13917&type=smp

What Are the Key Segments Driving Radar Sensor Market Growth?
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

What Are the Technological Trends Impacting the Radar Sensor Market?
Leading firms in the radar sensor market are innovating advanced technologies, such as automotive radar sensors, to enhance the functionality they provide to their customers. Automotive radar sensors are equipment developed to use radar or radio detection and ranging technology to identify and calculate the distance, speed, and location of objects in proximity to an automobile. For instance, in May 2022, Infineon Technologies, a semiconductor maker based in Germany, released the XENSIV 60 GHz automotive radar sensor (BGT60ATR24C). The distinctive characteristic of the XENSIV 60 GHz automotive radar sensor, BGT60ATR24C, is its specialty design for in-cabin monitoring systems (ICMS), which are capable of recognizing tiny movements and vital signals of infants and animals unintentionally left in cars and activating alarms accordingly. This sensor supports 4 GHz ultra-wide bandwidth Frequency Modulated Continuous Wave (FMCW) operation in a small package. Its layout and data compilation process are simplified via a digital interface, and the embedded state machine enables standalone data collection with optimized power modes to reduce power usage. Furthermore, this space-saving solution includes two transmission channels (TX) and four reception channels (RX) to maintain outstanding thermal management.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=13917&type=smp

Who Are the Major Competitors in the Global Radar Sensor Market?
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 Region Dominates the Radar Sensor Market Share in 2025?
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.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Reach out to us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

The Business Research Company, with over 17,500+ reports across 27 industries and 60+ geographies, backed by 1,500,000 datasets and insights from industry leaders, offers comprehensive market intelligence through its flagship product, the Global Market Model (GMM), delivering updated forecasts for informed decision-making.

This release was published on openPR.