Radar Sensor Market share, size, growth & Forecast

Radar Sensor Market is anticipated to witness a remarkable growth over the forecast period. Aerospace and defense sectors are increasingly investing in radar technology, which stands to be a key driver accelerating the market growth.

A radar sensor helps to find out the speed and position of a moving or stationary vehicle from a distance. Police, law enforcement, and military agencies use radar sensors to detect the speed of any vehicle within a specified range. Thus, with the rising incidences of terrorist attacks, the defense sector is investing in radar systems, which will complement the market share. Further, these sensors have the ability to operate in different temperatures and lighting conditions, driving the demand for these sensors in smart home and security applications. Though, the market was severely impacted due to the sudden outbreak of coronavirus, owing to the reduction in demand from automotive and aerospace sector. Disruption in the supply chain and insufficient workforce compelled the major industries to postpone the R&D activities, thus hampering the Radar Sensor Market size.

By product type, the imaging sensors are likely to dominate the overall market, owing to the ongoing technological innovations in imaging radar. For example, the launch of 4D imaging radars has stimulated their adoption across the automotive security systems, as it can speed up the sensing features to up to 300 meters.

Further, the government across different nations are emphasising on mandating the safety systems in vehicles to avoid the chances of accidents and ensure road safety, boosting the radar sensors market growth.

Rising penetration of smartphones, autonomous cars, consumer electronics, etc., has driven the North American radar sensor market size. As per the report published by GSMA, the adoption of smartphones is projected to expand to 91% in 2025 from 80% in 2017.

Leading players operating in the market are NXP Semiconductors N.V. (Netherlands), Infineon Technologies AG (Germany), Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Hitachi Ltd. (Japan), Delphi Automotive LLP (UK), Airbus Group (Netherlands), Lockheed Martin Corporation (US), Raytheon Company (US), Saab AB (Sweden), and Northrop Grumman Corporation (US).

Radar Sensor Market Segmentation:

Radar Sensor Market Product Type

·        Imaging

·        Non-imaging

Radar Sensor Market by Application Type

·        Automotive

·        Aerospace and Defence

·        Industrial

·        Environment and Weather Monitoring

·        Traffic Monitoring

·        Others

Radar Sensor Market by Range Type

·        Short range

·        Medium range

·        Long range

Radar Sensor Market by Region:

·        Asia Pacific

o  China

o  Japan

o  India

o  Rest of APAC

·        North America

o  United States of America

o  Canada

·        Europe

o  United Kingdom

o  Germany

o  France

o  Spain

o  Rest of Europe

·        RoW

o  Brazil

o  South Africa

o  Saudi Arabia

o  UAE

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