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PUBLISHER: IMARC | PRODUCT CODE: 1390728

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PUBLISHER: IMARC | PRODUCT CODE: 1390728

Radar Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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Abstract

The global radar sensors market size reached US$ 15.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.8 Billion by 2028, exhibiting a growth rate (CAGR) of 18.45% during 2022-2028.

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.

Radar Sensors Market Trends:

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global radar sensors market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, range and application.

Breakup by Type:

Imaging

Continuous Wave (CW) Radar

Pulse Radar

Others

Non-Imaging

Speed Gauge

Radar Altimeter

Breakup by Range:

Short Range

Medium Range

Long Range

Breakup by Application:

Automotive

Aerospace and Defense

Environment and Weather Monitoring

Traffic Management and Monitoring

Others

Breakup 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

Competitive Landscape:

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.

Key Questions Answered in This Report:

  • How has the global radar sensors market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global radar sensors market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the range?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global radar sensors market and who are the key players?
  • What is the degree of competition in the industry?
Product Code: SR112023A4548

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Radar Sensors Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Type

  • 6.1 Imaging
    • 6.1.1 Market Trends
    • 6.1.2 Key Segments
      • 6.1.2.1 Continuous Wave (CW) Radar
      • 6.1.2.2 Pulse Radar
      • 6.1.2.3 Others
    • 6.1.3 Market Forecast
  • 6.2 Non-Imaging
    • 6.2.1 Market Trends
    • 6.2.2 Key Segments
      • 6.2.2.1 Speed Gauge
      • 6.2.2.2 Radar Altimeter
    • 6.2.3 Market Forecast

7 Market Breakup by Range

  • 7.1 Short Range
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Medium Range
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Long Range
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Application

  • 8.1 Automotive
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Aerospace and Defense
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Environment and Weather Monitoring
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Traffic Management and Monitoring
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Others
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Continental AG
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 DENSO Corporation
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 Hitachi Ltd
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
      • 14.3.3.4 SWOT Analysis
    • 14.3.4 Honeywell International Inc.
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
      • 14.3.4.4 SWOT Analysis
    • 14.3.5 Infineon Technologies AG
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 L3harris Technologies Inc.
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
    • 14.3.7 Lockheed Martin Corporation
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
      • 14.3.7.4 SWOT Analysis
    • 14.3.8 NXP Semiconductors N.V
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
      • 14.3.8.4 SWOT Analysis
    • 14.3.9 Raytheon Technologies Corporation
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
      • 14.3.9.4 SWOT Analysis
    • 14.3.10 Robert Bosch GmbH
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 SWOT Analysis
    • 14.3.11 Saab AB
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
      • 14.3.11.4 SWOT Analysis
    • 14.3.12 STMicroelectronics
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
      • 14.3.12.3 Financials
      • 14.3.12.4 SWOT Analysis
    • 14.3.13 Texas Instruments Incorporated
      • 14.3.13.1 Company Overview
      • 14.3.13.2 Product Portfolio
      • 14.3.13.3 Financials
      • 14.3.13.4 SWOT Analysis
    • 14.3.14 Thales Group
      • 14.3.14.1 Company Overview
      • 14.3.14.2 Product Portfolio
      • 14.3.14.3 Financials
      • 14.3.14.4 SWOT Analysis
Product Code: SR112023A4548

List of Figures

  • Figure 1: Global: Radar Sensors Market: Major Drivers and Challenges
  • Figure 2: Global: Radar Sensors Market: Sales Value (in Billion US$), 2017-2022
  • Figure 3: Global: Radar Sensors Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 4: Global: Radar Sensors Market: Breakup by Type (in %), 2022
  • Figure 5: Global: Radar Sensors Market: Breakup by Range (in %), 2022
  • Figure 6: Global: Radar Sensors Market: Breakup by Application (in %), 2022
  • Figure 7: Global: Radar Sensors Market: Breakup by Region (in %), 2022
  • Figure 8: Global: Radar Sensors (Imaging) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 9: Global: Radar Sensors (Imaging) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 10: Global: Radar Sensors (Non-Imaging) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 11: Global: Radar Sensors (Non-Imaging) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 12: Global: Radar Sensors (Short Range) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 13: Global: Radar Sensors (Short Range) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 14: Global: Radar Sensors (Medium Range) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 15: Global: Radar Sensors (Medium Range) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 16: Global: Radar Sensors (Long Range) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 17: Global: Radar Sensors (Long Range) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 18: Global: Radar Sensors (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 19: Global: Radar Sensors (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 20: Global: Radar Sensors (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 21: Global: Radar Sensors (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 22: Global: Radar Sensors (Environment and Weather Monitoring) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 23: Global: Radar Sensors (Environment and Weather Monitoring) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 24: Global: Radar Sensors (Traffic Management and Monitoring) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 25: Global: Radar Sensors (Traffic Management and Monitoring) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 26: Global: Radar Sensors (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 27: Global: Radar Sensors (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 28: North America: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 29: North America: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 30: United States: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 31: United States: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 32: Canada: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 33: Canada: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 34: Asia-Pacific: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 35: Asia-Pacific: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 36: China: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 37: China: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 38: Japan: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 39: Japan: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 40: India: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 41: India: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 42: South Korea: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 43: South Korea: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 44: Australia: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 45: Australia: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 46: Indonesia: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 47: Indonesia: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 48: Others: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 49: Others: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 50: Europe: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 51: Europe: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 52: Germany: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 53: Germany: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 54: France: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 55: France: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 56: United Kingdom: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 57: United Kingdom: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 58: Italy: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 59: Italy: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 60: Spain: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 61: Spain: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 62: Russia: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 63: Russia: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 64: Others: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 65: Others: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 66: Latin America: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 67: Latin America: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 68: Brazil: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 69: Brazil: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 70: Mexico: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 71: Mexico: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 72: Others: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 73: Others: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 74: Middle East and Africa: Radar Sensors Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 75: Middle East and Africa: Radar Sensors Market: Breakup by Country (in %), 2022
  • Figure 76: Middle East and Africa: Radar Sensors Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 77: Global: Radar Sensors Industry: SWOT Analysis
  • Figure 78: Global: Radar Sensors Industry: Value Chain Analysis
  • Figure 79: Global: Radar Sensors Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Radar Sensors Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Radar Sensors Market Forecast: Breakup by Type (in Million US$), 2023-2028
  • Table 3: Global: Radar Sensors Market Forecast: Breakup by Range (in Million US$), 2023-2028
  • Table 4: Global: Radar Sensors Market Forecast: Breakup by Application (in Million US$), 2023-2028
  • Table 5: Global: Radar Sensors Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 6: Global: Radar Sensors Market: Competitive Structure
  • Table 7: Global: Radar Sensors Market: Key Players
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