Radar Sensor

Radar Sensor

Global Radar Sensors Market to Reach $21.3 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Radar Sensors estimated at US$10 Billion in the year 2020, is projected to reach a revised size of US$21.3 Billion by 2027, growing at aCAGR of 11.4% over the period 2020-2027. Imaging, one of the segments analyzed in the report, is projected to record 12.3% CAGR and reach US$14.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Non-Imaging segment is readjusted to a revised 9.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 15.5% CAGR

The Radar Sensors market in the U.S. is estimated at US$2.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.5 Billion by the year 2027 trailing a CAGR of 15.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.6% and 9.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.1% CAGR.

Select Competitors (Total 41 Featured) -

• Airbus Group
• Arbe Robotics
• Autoliv, Inc.
• BAE Systems PLC
• Brigade Electronics Group Plc
• Continental AG
• Delphi Automotive LLP
• Denso Corporation
• Echodyne Corp.
• HELLA KGaA Hueck & Co.
• Infineon Technologies AG
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• NXP Semiconductors NV
• Oculli Corporation
• Omniradar B.V.
• Robert Bosch GmbH
• SAAB AB
• Selex ES GmbH
• SenZ2 BV
• Smart Microwave Sensors GmbH
• Terma A/S
• Vega Americas Inc.
• ZF Friedrichshafen AG

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