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Global Radar Sensors Market Size, Share, Trends, Forecast: By Type: Imaging Radar, Non-Imaging Radar; By Range: Short-Range Radar Sensor, Medium-Range Radar Sensor, Long-Range Radar Sensor; By End User: Automotive, Security and Surveillance, Industrial, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Radar Sensors Market Outlook
The global radar sensors market stood at a value of around USD 16.25 billion in 2023. The market is further expected to grow at a CAGR of 17.2% in the forecast period of 2024-2032 to attain a value of around USD 67.86 billion by 2032.
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Growing Demand in the Automotive Sector to Catalyse the Growth of the Global Radar Sensors Industry
Based on end user, the automotive segment is predicted to account for a significant market share in the radar sensors industry. This increase can be attributed to the increased implementation of radar sensors in automobiles in order to reinforce the safety of the vehicle. The radar systems offer driver assistance facilities that help to mitigate the risk of collision by providing timely warnings along with adaptive cruise control. In addition, different radar sensors offer lane change assistance, blind-spot detection and also 360-degree surveillance through the use of short and mid-range radar sensors. Moreover, with the rapid technological advancements, self-driving vehicles are being developed, which is expected to propel the industry growth in the coming years.
North America to Possess a Significant Market Share in the Global Radar Sensors Industry
North America is estimated to hold a significant share of the radar sensors industry in the forecast period. This growth can be attributed to the growing investments to support technological advancements in the region. In addition, the rising disposable income levels, improved standards of living, and the developing automobile infrastructure are also significant factors leading to the industry growth. Moreover, the growing emphasis on the security and surveillance sector is also predicted to catalyse the demand for radar sensors in the region. Furthermore, the heightened adoption of radar sensors in the military sector is also expected to augment the market growth in the forecast period. For instance, the Federal Communications Commission of the United States recently announced their proposal to expand the use of short-range radar sensors in 57 to 64 GHz band, which would help avoid ‘hot car’ deaths, augment the IoT devices and aid with healthcare monitoring.
Radar Sensors: Market Segmentation
Radar Sensors are conversion devices that facilitate the conversion of microwave echo signals into electrical signals. With the help of wireless sensing technology, radar sensors can detect motion by figuring out the object’s position, shape, characteristics, and trajectory. These sensors are not affected by light or darkness and can even look through the wall. In addition, radar sensors are increasingly used in military operations, security systems, automobiles, medical devices, and industrial applications, among others.
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By type, the market is bifurcated into:
- Imaging Radar
- Non-Imaging Radar
On the basis of range, the industry can be segmented into:
- Short-Range Radar Sensors
- Medium-Range Radar Sensors
- Long-Range Radar Sensors
Based on end user, the market can be categorised into:
- Automotive
- Security and Surveillance
- Industrial
- Environment and Weather Monitoring
- Traffic Monitoring
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increased Application in IoT Devices to Bolster the Growth of the Global Radar Sensors Industry
The increased pace of digitalisation across the globe is estimated to catalyse the demand for radar sensors across various industries. Consumers are increasingly utilising IoT devices and smart technology, which comprise radar sensors. For instance, security systems and automatic doors, among others, make use of the motion detection technology offered by the radar sensors to detect any movement. In addition, these radar sensors are small in size and can offer accurate and precise information. Moreover, smartphones such as Google Pixel smartphones come with radar sensors that allow swipe features and reduce energy wastage by automatically switching the screen off when the user is away from the phone. Furthermore, the heightened application of radar sensors in security and surveillance operations is also predicted to drive the market growth in the coming years.
Key Industry Players in the Global Radar Sensors Market
The report gives a detailed analysis of the following key players in the global radar sensors market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Robert Bosch GmbH
- Continental AG
- DENSO Corporation
- Hella KGaA Heuck & Co.
- Infineon Technologies AG
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Range |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Radar Sensors Market Analysis
8.1 Key Industry Highlights
8.2 Global Radar Sensors Historical Market (2018-2023)
8.3 Global Radar Sensors Market Forecast (2024-2032)
8.4 Global Radar Sensors Market by Type
8.4.1 Imaging Radar
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Non-Imaging Radar
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Radar Sensors Market by Range
8.5.1 Short-Range Radar Sensor
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Medium-Range Radar Sensor
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Long-Range Radar Sensor
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Radar Sensors Market by End User
8.6.1 Automotive
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Security and Surveillance
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Industrial
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Environment and Weather Monitoring
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Traffic Monitoring
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Radar Sensors Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Radar Sensors Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Radar Sensors Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Radar Sensors Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Radar Sensors Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Radar Sensors Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Robert Bosch GmbH
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Continental AG
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 DENSO Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Hella KGaA Hueck & Co.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Infineon Technologies AG
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Radar Sensors Market: Key Industry Highlights, 2018 and 2032
2. Global Radar Sensors Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Radar Sensors Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Radar Sensors Historical Market: Breakup by Range (USD Billion), 2018-2023
5. Global Radar Sensors Market Forecast: Breakup by Range (USD Billion), 2024-2032
6. Global Radar Sensors Historical Market: Breakup by End User (USD Billion), 2018-2023
7. Global Radar Sensors Market Forecast: Breakup by End User (USD Billion), 2024-2032
8. Global Radar Sensors Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Radar Sensors Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Radar Sensors Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Radar Sensors Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Radar Sensors Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Radar Sensors Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Radar Sensors Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Radar Sensors Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Radar Sensors Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Radar Sensors Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Radar Sensors Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Radar Sensors Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Radar Sensors Market Structure
Key Questions Answered in the Report
In 2023, the global radar sensors market attained a value of nearly USD 16.25 billion.
The market is projected to grow at a CAGR of 17.2% between 2024 and 2032.
The major market drivers are the rising demand for safety in passenger vehicles, growing applications of radar sensors in the military, security and surveillance sectors, and surging demand for motion detection in industrial applications.
The expanding automotive infrastructure, rising adoption of IoT devices, and rapid digitalisation are the key trends supporting the market development.
The major regions in the radar sensors market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Imaging radar and non-imaging radar are the significant types of radar sensors considered in the market report.
The different segments based on the range of radar sensors are short-range radar sensor, medium-range radar sensor, and long-range radar sensor.
The major end uses of the product include automotive, security and surveillance, industrial, environment and weather monitoring, and traffic monitoring, among others.
The major players in the market are Robert Bosch GmbH, Continental AG, DENSO Corporation, Hella KGaA Heuck & Co., and Infineon Technologies AG, among others.
Analyst Review
The global radar sensors market attained a value of USD 16.25 billion in 2023, driven by the increased adoption of IoT technology. Aided by technological advancements and increasing application of radar sensors in the military, security and surveillance industry, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 17.2%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market can be distributed into imaging radar and non-imaging radar. On the basis of range, the industry can be segmented into short-range radar sensor, medium-range radar sensor and long-range radar sensor. The market can be categorised, based on end user, into automotive, security and surveillance, industrial, environment and weather monitoring, and traffic monitoring, among others. The major regional markets for radar sensors are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Robert Bosch GmbH, Continental AG, DENSO Corporation, Hella KGaA Heuck & Co., and Infineon Technologies AG, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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