Growth Factors of Radar Sensor Market
The Radar Sensor Market size was valued at USD 13.22 billion in 2023, and the market is now projected tgrow t118.9 USD billion by 2032, exhibiting a CAGR of 17.8% during the forecast period of 2023-2030.
The pandemic has been anticipated tbe a bane for the entire industrial developments of various market and fields. This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps tstop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related tthis domain. These factors affected the Radar Sensor Market growth.
This is the major factor attributing the growth of this particular market.Radar sensors are used tdetect the position and velocity of distant objects, such airplanes, in order tmaintain safety and security standards. Through precise distance measurement, these sensors contribute tincreased military and commercial aircraft safety and effectiveness. Spy planes' airborne surveillance systems alsuse it tfollow other questionable activity and identify the unexpected arrival of hostile forces. Aviation systems employ it tgive precise information on the target, trajectory, and type of missile. It alsaids in the early detection of missile assaults. Furthermore, developments in defense and aerospace equipment and instruments for environmental sensing and obstacle detection are driving the market expansion for radar sensors. These particular growth driving factors have been recorded tattribute the Radar Sensor Market Share.
It is necessary for a product market twalk with the trends in order tincreases its lucracy and profits in shares and all over revenue. In order tmonitor rail lines, check for occupancy or emptiness, and remotely regulate them, obstacle detection units in railroads now use these sensors. In order tguarantee worker safety and accurate speed monitoring, these sensors are installed on rolling stock. Additionally, the market is expanding because tthe adoption of advanced driver assistance systems (ADAS) radar sensors for the auto-correction of a train's vertical and horizontal alignment. Tensure safe operations, ADAS radar sensors assist in detecting partial or complete obstructions on the train's path caused by external factors. Autonomous braking and forward-collision warning are twof its high-level functions.
Comprehensive Analysis of Radar Sensor Market
The segmentation of this particular market has been divided and then further subdivided intvarious categories. Radar sensors are classified intseveral types, including pulse radar, continuous-wave radar, radar altimeter, and others. The short-, medium-, and long-range segments of the worldwide radar sensor market are categorized according ttheir range. Applications of radar sensors include advanced driver assistance systems (ADAS), communication and monitoring, security and surveillance, traffic monitoring, weather and environment monitoring, rail crossings and hump yards, health monitoring, and more. The market is divided intmanufacturing, oil and gas, automotive, aerospace and defense, healthcare, and maritime sectors based on the verticals.
North America holds the largest market over the forecast period, according tthe conclusions based on our research methodology. Due tthe technological improvements in the aerospace and defense sector, the North American radar sensor market is currently the second largest in the market and is expected tincrease moderately over the long term. Due tthe rapidly growing automotive industries in nations like Japan and India, the Asia Pacific radar sensors market saw the greatest compound annual growth rate (CAGR) over the forecast period. The market is expanding throughout the region as a result of growing awareness of the benefits of these sensors in a variety of industries, such as healthcare, oil and gas, and aerospace and defense. The region is expected tmaintain a significant proportion during the projected period.
Global markets are fiercely competitive and highly fragmented. Due ttheir creative packaging solutions, a few group of large market companies hold a fair amount of market share. Some of the major Companies includes Robert Bosch GmbH (Germany), Continental AG (Germany), Infineon Technologies AG (Germany), DENSO CORPORATION (Japan), ZF Friedrichshafen AG (Germany), HELLA GmbH & Co. KGaA (Germany), Lockheed Martin Corporation (U.S.), s. m. s. smart microwave sensors GmbH (Germany), Oculi Corp (U.S.), SICK AG (Germany), and Socionext America Inc. (U.S.).
In January 2021, This particular company has attributed the market growth in terms of revenue and shares system. The lighting and electronics company HELLA GmbH & Co. KGaA and Oculii Corporation, one of the top suppliers of cutting-edge software solutions for radar technology, have entered inta strategic partnership agreement tcreate a range of high-performance, scalable radar solutions for assisted and automated driving cars by 2030.
Segmentation Table
ATTRIBUTE DETAILS
Study Period - 2015-2026
Base Year 2018
Forecast Period - 2019-2026
Historical Period - 2015-2017
Unit - Value (USD billion)
Segmentation By Type
- Pulse Radar
- Continuous Wave Radar
- Radar Altimeter
- Others
- Short Range
- Medium Range
- Long Range
- Advanced driver assistance systems (ADAS)
- Monitoring and Communication
- Security and Surveillance
- Traffic Monitoring
- Environment and Weather Monitoring
- Hump Yard and Rail Crossing
- Health Monitoring
- Others
- Automotive
- Aerospace and Defence
- Healthcare
- Maritime
- Manufacturing
- Oil and Gas
- Others
- North America (the US and Canada)
- Europe (UK, Germany, France, Italy, and Rest of Europe)
- Asia Pacific (China, Japan, India, Southeast Asia and Rest of Asia Pacific)
- The Middle East & Africa (GCC, South Africa and Rest of the Middle East & Africa)
- Latin America (Mexico, Brazil and Rest of Latin America)
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Approach
- 1.3. Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Drivers, Restraints, and Opportunities
- 3.2. Emerging Trends
- 4. Key Insights
- 4.1. Macro and Micro Economic Indicators
- 4.2. Consolidated SWOT Analysis of Key Players
- 5. Global Radar Sensor Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecasts
- 5.2.1. By Type (Value)
- 5.2.1.1. Pulse Radar
- 5.2.1.2. Continuous Wave Radar
- 5.2.1.3. Radar Altimeter
- 5.2.1.4. Others
- 5.2.2. By Range (Value)
- 5.2.2.1. Short Range Radar Sensor
- 5.2.2.2. Medium Range Radar Sensor
- 5.2.2.3. Long Range Radar Sensor
- 5.2.3. By Application (Value)
- 5.2.3.1. Advanced driver assistance systems (ADAS)
- 5.2.3.2. Monitoring and Communication
- 5.2.3.3. Security and Surveillance
- 5.2.3.4. Traffic Monitoring
- 5.2.3.5. Environment and Weather Monitoring
- 5.2.3.6. Hump Yard and Rail Crossing
- 5.2.3.7. Health Monitoring
- 5.2.3.8. Others
- 5.2.4. By Vertical (Value)
- 5.2.4.1. Automotive
- 5.2.4.2. Aerospace and Defence
- 5.2.4.3. Healthcare
- 5.2.4.4. Maritime
- 5.2.4.5. Manufacturing
- 5.2.4.6. Oil and Gas
- 5.2.4.7. Others
- 5.2.5. By Region (Value)
- 5.2.5.1. North America
- 5.2.5.2. Europe
- 5.2.5.3. Asia Pacific
- 5.2.5.4. Middle East and Africa
- 5.2.5.5. Latin America
- 6. North America Radar Sensor Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecasts
- 6.2.1. By Type (Value)
- 6.2.1.1. Pulse Radar
- 6.2.1.2. Continuous Wave Radar
- 6.2.1.3. Radar Altimeter
- 6.2.1.4. Others
- 6.2.2. By Range (Value)
- 6.2.2.1. Short Range Radar Sensor
- 6.2.2.2. Medium Range Radar Sensor
- 6.2.2.3. Long Range Radar Sensor
- 6.2.3. By Application (Value)
- 6.2.3.1. Advanced driver assistance systems (ADAS)
- 6.2.3.2. Monitoring and Communication
- 6.2.3.3. Security and Surveillance
- 6.2.3.4. Traffic Monitoring
- 6.2.3.5. Environment and Weather Monitoring
- 6.2.3.6. Hump Yard and Rail Crossing
- 6.2.3.7. Health Monitoring
- 6.2.3.8. Others
- 6.2.4. By Vertical (Value)
- 6.2.4.1. Automotive
- 6.2.4.2. Aerospace and Defence
- 6.2.4.3. Healthcare
- 6.2.4.4. Maritime
- 6.2.4.5. Manufacturing
- 6.2.4.6. Oil and Gas
- 6.2.4.7. Others
- 6.2.5. By Country (Value)
- 6.2.5.1. US
- 6.2.5.2. Canada
- 7. Europe Radar Sensor Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecasts
- 7.2.1. By Type (Value)
- 7.2.1.1. Pulse Radar
- 7.2.1.2. Continuous Wave Radar
- 7.2.1.3. Radar Altimeter
- 7.2.1.4. Others
- 7.2.2. By Range (Value)
- 7.2.2.1. Short Range Radar Sensor
- 7.2.2.2. Medium Range Radar Sensor
- 7.2.2.3. Long Range Radar Sensor
- 7.2.3. By Application (Value)
- 7.2.3.1. Advanced driver assistance systems (ADAS)
- 7.2.3.2. Monitoring and Communication
- 7.2.3.3. Security and Surveillance
- 7.2.3.4. Traffic Monitoring
- 7.2.3.5. Environment and Weather Monitoring
- 7.2.3.6. Hump Yard and Rail Crossing
- 7.2.3.7. Health Monitoring
- 7.2.3.8. Others
- 7.2.4. By Vertical (Value)
- 7.2.4.1. Automotive
- 7.2.4.2. Aerospace and Defence
- 7.2.4.3. Healthcare
- 7.2.4.4. Maritime
- 7.2.4.5. Manufacturing
- 7.2.4.6. Oil and Gas
- 7.2.4.7. Others
- 7.2.5. By Country (Value)
- 7.2.5.1. UK
- 7.2.5.2. Germany
- 7.2.5.3. France
- 7.2.5.4. Italy
- 7.2.5.5. Rest of Europe
- 8. Asia Pacific Radar Sensor Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecasts
- 8.2.1. By Type (Value)
- 8.2.1.1. Pulse Radar
- 8.2.1.2. Continuous Wave Radar
- 8.2.1.3. Radar Altimeter
- 8.2.1.4. Others
- 8.2.2. By Range (Value)
- 8.2.2.1. Short Range Radar Sensor
- 8.2.2.2. Medium Range Radar Sensor
- 8.2.2.3. Long Range Radar Sensor
- 8.2.3. By Application (Value)
- 8.2.3.1. Advanced driver assistance systems (ADAS)
- 8.2.3.2. Monitoring and Communication
- 8.2.3.3. Security and Surveillance
- 8.2.3.4. Traffic Monitoring
- 8.2.3.5. Environment and Weather Monitoring
- 8.2.3.6. Hump Yard and Rail Crossing
- 8.2.3.7. Health Monitoring
- 8.2.3.8. Others
- 8.2.4. By Vertical (Value)
- 8.2.4.1. Automotive
- 8.2.4.2. Aerospace and Defence
- 8.2.4.3. Healthcare
- 8.2.4.4. Maritime
- 8.2.4.5. Manufacturing
- 8.2.4.6. Oil and Gas
- 8.2.4.7. Others
- 8.2.5. By Country (Value)
- 8.2.5.1. China
- 8.2.5.2. Japan
- 8.2.5.3. India
- 8.2.5.4. Southeast Asia
- 8.2.5.5. Rest of Asia-Pacific
- 9. Middle East and Africa Radar Sensor Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecasts
- 9.2.1. By Type (Value)
- 9.2.1.1. Pulse Radar
- 9.2.1.2. Continuous Wave Radar
- 9.2.1.3. Radar Altimeter
- 9.2.1.4. Others
- 9.2.2. By Range (Value)
- 9.2.2.1. Short Range Radar Sensor
- 9.2.2.2. Medium Range Radar Sensor
- 9.2.2.3. Long Range Radar Sensor
- 9.2.3. By Application (Value)
- 9.2.3.1. Advanced driver assistance systems (ADAS)
- 9.2.3.2. Monitoring and Communication
- 9.2.3.3. Security and Surveillance
- 9.2.3.4. Traffic Monitoring
- 9.2.3.5. Environment and Weather Monitoring
- 9.2.3.6. Hump Yard and Rail Crossing
- 9.2.3.7. Health Monitoring
- 9.2.3.8. Others
- 9.2.4. By Vertical (Value)
- 9.2.4.1. Automotive
- 9.2.4.2. Aerospace and Defence
- 9.2.4.3. Healthcare
- 9.2.4.4. Maritime
- 9.2.4.5. Manufacturing
- 9.2.4.6. Oil and Gas
- 9.2.4.7. Others
- 9.2.5. By Country (Value)
- 9.2.5.1. GCC
- 9.2.5.2. South Africa
- 9.2.5.3. Rest of Middle East & Africa
- 10. Latin America Radar Sensor Market Analysis, Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecasts
- 10.2.1. By Type (Value)
- 10.2.1.1. Pulse Radar
- 10.2.1.2. Continuous Wave Radar
- 10.2.1.3. Radar Altimeter
- 10.2.1.4. Others
- 10.2.2. By Range (Value)
- 10.2.2.1. Short Range Radar Sensor
- 10.2.2.2. Medium Range Radar Sensor
- 10.2.2.3. Long Range Radar Sensor
- 10.2.3. By Application (Value)
- 10.2.3.1. Advanced driver assistance systems (ADAS)
- 10.2.3.2. Monitoring and Communication
- 10.2.3.3. Security and Surveillance
- 10.2.3.4. Traffic Monitoring
- 10.2.3.5. Environment and Weather Monitoring
- 10.2.3.6. Hump Yard and Rail Crossing
- 10.2.3.7. Health Monitoring
- 10.2.3.8. Others
- 10.2.4. By Vertical (Value)
- 10.2.4.1. Automotive
- 10.2.4.2. Aerospace and Defence
- 10.2.4.3. Healthcare
- 10.2.4.4. Maritime
- 10.2.4.5. Manufacturing
- 10.2.4.6. Oil and Gas
- 10.2.4.7. Others
- 10.2.5. By Country (Value)
- 10.2.5.1. Mexico
- 10.2.5.2. Brazil
- 10.2.5.3. Rest of Latin America
- 11. Competition Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 12. Global Radar Sensor Market Revenue Share Analysis, 2018
- 13. Company Profile (For Key 10 Players)
- 13.1. Robert Bosch GmbH
- 13.1.1. Overview
- 13.1.2. Description
- 13.1.3. Product Portfolio
- 13.1.4. Recent Developments
- 13.2. Continental AG
- 13.2.1. Overview
- 13.2.2. Description
- 13.2.3. Product Portfolio
- 13.2.4. Recent Developments
- 13.3. DENSO CORPORATION
- 13.3.1. Overview
- 13.3.2. Description
- 13.3.3. Product Portfolio
- 13.3.4. Recent Developments
- 13.4. ZF Friedrichshafen AG
- 13.4.1. Overview
- 13.4.2. Description
- 13.4.3. Product Portfolio
- 13.4.4. Recent Developments
- 13.5. HELLA GmbH & Co. KGaA
- 13.5.1. Overview
- 13.5.2. Description
- 13.5.3. Product Portfolio
- 13.5.4. Recent Developments
- 13.6. Infineon Technologies AG
- 13.6.1. Overview
- 13.6.2. Description
- 13.6.3. Product Portfolio
- 13.6.4. Recent Developments
- 13.7. Lockheed Martin Corporation
- 13.7.1. Overview
- 13.7.2. Description
- 13.7.3. Product Portfolio
- 13.7.4. Recent Developments
- 13.8. s. m. s. smart microwave sensors GmbH
- 13.8.1. Overview
- 13.8.2. Description
- 13.8.3. Product Portfolio
- 13.8.4. Recent Developments
- 13.9. Oculii Corp
- 13.9.1. Overview
- 13.9.2. Description
- 13.9.3. Product Portfolio
- 13.9.4. Recent Developments
- 13.10. SICK AG
- 13.10.1. Overview
- 13.10.2. Description
- 13.10.3. Product Portfolio
- 13.10.4. Recent Developments
- 13.11. Socionext America Inc.
- 13.11.1. Overview
- 13.11.2. Description
- 13.11.3. Product Portfolio
- 13.11.4. Recent Developments
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