Business report

Radar Sensors Market Share, Business Report 2022-2027, Global Analysis, Size, Top Company Overview and Revenue Forecast

Global radar sensor market share

Growing emphasis on passenger safety and expanding automotive industry across the globe are mainly driving the radar sensor market

SHERIDAN, WY, USA, September 11, 2022 / — According to IMARC Group’s latest report, titled “Radar Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which includes global market information radar sensor market share. The report also includes competitor and regional analysis, as well as contemporary market advancements.

The global radar sensor market reached a value of US$13.1 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$36.2 billion by 2027, with a CAGR of 18.51% in 2022-2027.

Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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What are the types of radar sensors?

Radio Detection and Ranging System (RADAR) sensor refers to an electronic device used to detect electromagnetic emissions from objects, such as ships, aircraft, two-wheelers, and automobiles. These devices typically come in altimeter, pulse, continuous wave (CW), speed gauge, imaging, and non-imaging variants. Radar sensors block radio waves reflected through an antenna and process the signals to provide information. These devices are also integrated with Global Positioning Systems (GPS) to store information regarding the location, size, motion path and characteristics of objects. Compared to traditionally used optical and infrared (IR) detection instruments, radar sensors are wireless and can detect distant objects, pierce dense media and insulation, and operate in adverse weather conditions.

Market Trends and Drivers:

Growing emphasis on passenger safety and expanding automotive industry across the globe is mainly driving the radar sensor market. Furthermore, the growing requirement for effective target surveillance, interception, missile guidance, terrain tracking and navigation for military and defense applications is further increasing the growth of the market.

Additionally, the growing popularity of radar sensors in airport intrusion detection, prison perimeter, oil depots, and power grid security systems is also catalyzing the global market. Apart from this, the emerging trend of Industry 5.0 and the growing need for these devices in sports tracking solutions are acting as significant growth factors. In addition, the development of innovative variants for 360 degrees and short-range surveillance and high-resolution tracking are expected to strengthen the radar sensor market in the coming years.

Important Attribute and Report Highlights:

• Detailed global market share analysis
• Market segmentation by component, deployment, companies and region.
• Historical, current, and projected size of the Radar Sensors market by volume and value
• Latest industry trends and developments
• Competitive landscape for the market
• Strategies of key players and product offerings

Competitive Landscape:

The competitive landscape of the global Radar Sensor Market has been studied in the report with the detailed profiles of the major players operating in the market.

• Continental AG
• DENSO Corporation
• Hitachi Ltd.
• Honeywell International Inc.
• Infineon Technologies AG
• L3harris Technologies Inc.
• Lockheed Martin Corporation
• NXP Semiconductors NV
• Raytheon Technologies Corporation
• Robert Bosch GmbH
• Saab AB
• STMicroelectronics
• Texas Instruments Incorporated
• Thales Group

Market segmentation :

The report has segmented the global radar sensor market on the basis of type, scope, application, and region.

Breakdown by type:

• Imaging
• Non-imaging

Breakdown by range:

• Short range
• Medium range
• Long range

Breakdown by application:

• Automotive
• Aeronautics and Defense
• Environment and weather monitoring
• Traffic management and monitoring
• Others

Breakdown by region:

• North America: (United States, Canada)
• Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, others)
• Middle East and Africa

Ask the analyst for a customization and explore the full report with table of contents and list of figures:

Main highlights of the report:

• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Market trends
• Market drivers and success factors
• Impact of COVID-19
• Value chain analysis
• Complete mapping of the competitive landscape

If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.

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